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Scrappage Program
A scrappage program is a government incentive program to promote the replacement of old vehicles with modern vehicles. Scrappage programs generally have the dual aim of stimulating the automobile industry and removing inefficient, more polluting vehicles from the road. Many European countries introduced large-scale scrappage programs as an economic stimulus to increase market demand in the industrial sector during the Great Recession, global recession that began in 2008. Scrappage programs were touted with different names, mostly referring to an environmental benefit. The Vehicle Efficiency Initiative, Vehicle Efficiency Incentive in Canada was based on fuel efficiency of cars. In Romania, this program was called "Rabla" (the wreck), and was launched by Automobile Dacia, Dacia in 2000. In Germany, the economic stimulus program was called "Umweltprämie" (''environmental premium'') and in Austria "Ökoprämie" (''eco-premium'') while most of the public referred to it simply as "A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Incentive
A subsidy, subvention or government incentive is a type of government expenditure for individuals and households, as well as businesses with the aim of stabilizing the economy. It ensures that individuals and households are viable by having access to essential goods and services while giving businesses the opportunity to stay afloat and/or competitive. Subsidies not only promote long term economic stability but also help governments to respond to economic shocks during a recession or in response to unforeseen shocks, such as the COVID-19 pandemic. Subsidies take various forms— such as direct government expenditures, tax incentives, soft loans, price support, and government provision of goods and services. For instance, the government may distribute direct payment subsidies to individuals and households during an economic downturn in order to help its citizens pay their bills and to stimulate economic activity. Here, subsidies act as an effective financial aid issued when the ec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Dollar
The Canadian dollar (currency symbol, symbol: $; ISO 4217, code: CAD; ) is the currency of Canada. It is abbreviated with the dollar sign $. There is no standard disambiguating form, but the abbreviations Can$, CA$ and C$ are frequently used for distinction from other dollar-denominated currencies (though C$ remains ambiguous with the Nicaraguan córdoba). It is divided into 100 cent (currency), cents (¢). Owing to the image of a common loon on its reverse, the dollar coin, and sometimes the unit of currency itself, may be metonymy, referred to as the ''loonie'' by English-speaking Canadians and foreign exchange traders and analysts. Accounting for approximately two per cent of all global reserves, the Canadian dollar is the fifth-most held reserve currency in the world, behind the United States dollar, US dollar, euro, Japanese yen, yen, and pound sterling, sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Porsche
Dr. Ing. h.c. F. Porsche AG, usually shortened to Porsche (; see below), is a German automobile manufacturer specializing in luxury, high-performance sports cars, SUVs and sedans, headquartered in Stuttgart, Baden-Württemberg, Germany. The company is owned by Volkswagen AG, a controlling stake of which is owned by Porsche Automobil Holding SE, usually shortened to Porsche SE. Porsche's current lineup includes the 718, 911, Panamera, Macan, Cayenne and Taycan. The origins of the company date to the 1930s when German Bohemian automotive engineer Ferdinand Porsche founded Porsche with Adolf Rosenberger, a keystone figure in the creation of German automotive manufacturer and Audi precursor Auto Union, and Austrian businessman Anton Piëch, who was, at the time, also Ferdinand Porsche's son in law. In its early days, it was contracted by the German government to create a vehicle for the masses, which later became the Volkswagen Beetle. After World War II, when Ferd ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mercedes-Benz
Mercedes-Benz (), commonly referred to simply as Mercedes and occasionally as Benz, is a German automotive brand that was founded in 1926. Mercedes-Benz AG (a subsidiary of the Mercedes-Benz Group, established in 2019) is based in Stuttgart, Baden-Württemberg, Germany. Mercedes-Benz AG manufactures luxury vehicles and light commercial vehicles, all branded under the Mercedes-Benz name. From November 2019 onwards, the production of Mercedes-Benz-branded heavy commercial vehicles (trucks and buses) has been managed by Daimler Truck, which separated from the Mercedes-Benz Group to form an independent entity at the end of 2021. In 2018, Mercedes-Benz became the world’s largest premium vehicle brand, with a sales volume of 2.31 million passenger cars. The roots of the brand trace back to the 1901 Mercedes (marque), Mercedes by Daimler-Motoren-Gesellschaft and the 1886 Benz Patent-Motorwagen and 1894 Benz Velo by Carl Benz, which is widely recognized as the first automobile powe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ford Fusion (Europe)
The European Ford Fusion is a car manufactured and marketed by Ford Europe from 2002 to 2012 across a single generation. It has a high roof, five-door, five-passenger, front-wheel-drive, mini MPV design and is described in the motor industry as being part of the B-segment. Sharing its platform with the Ford Fiesta Mk5 supermini, the Fusion was longer, wider and taller than the Fiesta — with high h-point seating, rear 'theatre-style' and 60/40 folding rear seats, fold-flat front passenger seat and a load floor flush with the cargo sill. Ford marketed the Fusion as an 'Urban Activity Vehicle', its ''Fusion'' nameplate referring to its combination of small hatchback, MPV and SUV design features: economical operation from its B-class underpinnings; enhanced maneuverability from its four-metre footprint as well as enhanced roominess, accessibility, passenger and cargo volume from its tall configuration — but notably without all-wheel drive. Having debuted initially as a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ford Ka
The Ford Ka is a small car manufactured by Ford Motor Company from 1996 to 2016 as a city car and from 2014 to 2021 as a subcompact car. It entered its second generation in 2008, produced by Fiat in Tychy, Poland. A third generation was introduced in 2016. The first two generations have a three-door hatchback body style, with the first generation also having a two-door convertible version that was marketed as the StreetKa and a sporty hatch version, the SportKa. The third generation was produced as a five-door hatchback and as a four-door sedan. It was initially only available in Brazil, and later was introduced in India, Italy, Mexico, Spain, South Africa (where it was marketed as the Ford Figo), Argentina, and Poland. European sales ended in 2020, and in 2021 was taken out of production in Brazil. Pronunciation The name Ka has three possible pronunciations. It can be said using a long or short "a" (, ), or with the letters pronounced separately (). Ford's press office has us ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cologne Body & Assembly
Cologne Body & Assembly is an automobile manufacturing plant owned by the Ford Motor Company and located in the Niehl quarter, Nippes district of Cologne, Germany. This factory is not to be confused with the smaller development and spare parts center to the north, in Merkenich, part of Chorweiler district. The facility spans and has approximately 3,900 employees as of 2025. It has manufactured the Fiesta (1976–2024) and Ford's B-class MPV, the Fusion (2002-2012). From 2024, the all-electric European Ford Explorer EV will be built based on the Volkswagen Group MEB platform. Produced vehicles See also * List of Ford factories The following is a list of current, former, and confirmed future facilities of Ford Motor Company for manufacturing automobiles and other components. Per regulations, the factory is encoded into each vehicle's VIN as character 11 for North A ... References Ford of Europe factories Nippes, Cologne {{auto-factory-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ford Fiesta
The Ford Fiesta is a supermini car that was marketed by Ford from 1976 to 2023 over seven generations. Over the years, the Fiesta has mainly been developed and manufactured by Ford's European operations, and had been positioned below the Escort (later the Focus). Ford had sold over 15 million Fiestas from 1976 to July 2011, making it one of the best-selling Ford nameplates behind the Escort and the F-Series. It has been manufactured in the United Kingdom, Germany, Spain, Brazil, Argentina, Venezuela, Mexico, Taiwan, China, India, Thailand, and South Africa. The Fiesta was discontinued in 2023, after over 22 million units had been made. The final Ford Fiesta rolled off the production line on 7 July 2023. Development The Fiesta was originally designed by the project "Bobcat" team headed by Trevor Erskine (not to be confused with the badge-engineered Mercury variant of the Ford Pinto) and approved for development by Henry Ford II in September 1972, shortly after the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vehicle Emission Standard
Emission standards are the legal requirements governing air pollutants released into the atmosphere. Emission standards set quantitative limits on the permissible amount of specific air pollutants that may be released from specific sources over specific timeframes. They are generally designed to achieve air quality standards and to protect human life. Different regions and countries have different standards for vehicle emissions. Regulated sources Many emissions standards focus on regulating pollutants released by automobiles (motor cars) and other powered vehicles. Others regulate emissions from industry, power plants, small equipment such as lawn mowers and diesel generators, and other sources of air pollution. The first automobile emissions standards were enacted in 1963 in the United States, mainly as a response to Los Angeles' smog problems. Three years later Japan enacted their first emissions rules, followed between 1970 and 1972 by Canada, Australia, and several ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2009 German Federal Election
The 2009 German federal election was held in Germany on 27 September 2009 to elect the members of the 17th Bundestag. The Christian Democratic Union (Germany), Christian Democratic Union (CDU), its Bavarian sister party, the Christian Social Union of Bavaria, Christian Social Union (CSU), and the Free Democratic Party (Germany), Free Democratic Party (FDP) won the election, and the three parties formed a new centre-right government with Angela Merkel as Chancellor of Germany, chancellor. While CDU/CSU's share of votes decreased slightly, it was more than compensated by the gains of their "desired coalition partner", the liberal FDP, that won the strongest result in its history. CDU and CSU's former partner in the "Grand coalition (Germany), Grand coalition", the Social Democratic Party of Germany, Social Democratic Party (SPD) led by Frank-Walter Steinmeier, conceded defeat after dropping by more than 11 percentage points, receiving its hitherto worst result since the end of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008–2010 Automotive Industry Crisis
The 2008–2010 automotive industry crisis formed part of the 2008 financial crisis and the resulting Great Recession. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automotive industry, automobile manufacturing industry. The downturn also affected Canada by virtue of the Automotive Products Trade Agreement. The automotive industry was weakened by a substantial increase in the prices of automotive fuels linked to the 2000s energy crisis, 2003–2008 energy crisis which discouraged purchases of sport utility vehicles (SUVs) and pickup trucks which have low fuel economy in automobiles, fuel economy. The popularity and relatively high profit margins of these vehicles had encouraged the American "Big Three automobile manufacturers#United States and Canada, Big Three" automakers, General Motors, Ford Motor Company, Ford, and Chrysler to make them their primary focus. With fewer fuel-efficient models to offer to consumers, sales ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stabilization Policy
{{unreferenced, date=July 2013 In macroeconomics, a stabilization policy is a package or set of measures introduced to stabilize a financial system or economy. The term can refer to policies in two distinct sets of circumstances: business cycle stabilization or credit cycle stabilization. In either case, it is a form of discretionary policy. Business cycle stabilization “Stabilization” can refer to correcting the normal behavior of the business cycle, thus enhancing economic stability. In this case, the term generally refers to demand management by monetary and fiscal policy to reduce normal fluctuations and output, sometimes referred to as "keeping the economy on an even keel." The policy changes in these circumstances are usually countercyclical, compensating for the predicted changes in employment and output, to increase short-run and medium run welfare. Crisis stabilization The term can also refer to measures taken to resolve a specific economic crisis, for instance, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
