Spain in world top 10 for car manufacturing, ahead of Russia and Canada
Saturday, March 7, 2015 @ 9:07 PM
SPAIN has become the ninth-largest manufacturer of motor vehicles on the planet, rising from 12th in 2013 and now ahead of Russia, Thailand and Canada.
Production last year went up by 11% in Spain, more than anywhere else in the European Union, although most vehicles made in factories in the country were exported.
This said, with the 'cash-for-scrap' scheme known as the Plan PIVE - where cars of seven years old or more can be traded in as scrap for a brand-new vehicle and a substantial discount given - has led to a huge boost in national trade in the last three years.
New models of cars handed over to Spain's factories to produce mean the country is fast heading towards its 'Plan 3 Million' target - that of bringing production levels back up to three million vehicles a year by 2017, the level it stood at before the start of the financial crisis.
Read more at thinkSPAIN.com