Finance

Ford Announces Scrappage Scheme For Pre-2010 Cars

Ford Announces Scrappage Scheme For Pre-2010 Cars

Buyers of new Ford vehicles who are trading in pre-Euro 5 compliant vehicles, registered before 2009, could see up to a £7,000 discount.

While the incentives from BMW and Mercedes require the owner to have kept their old auto for a minimum of 12 and 6 months respectively, the Ford deal says you only have had to be the registered keeper for 90 days.

Ford Motor Co. became the latest automaker to offer cash to United Kingdom drivers if they scrap the most polluting vehicles on the roads, targeting about 15 million cars and vans across the country.

Under the scheme, consumers will be given 2,000 pounds off new Ford models ranging in price from around 12,000 pounds to more than 20,000 pounds.

Following the announcement of a number of new taxes and penalties for diesel drivers, sales data has revealed that used diesel vehicle values have fallen below used petrol auto values for the first time. Vauxhall also had a similar scrappage scheme. The Ford Transit van range is also up for grabs with the new scheme.

Swine Flu toll rises to 19 in Odisha
With the death of a woman undergoing treatment at VSS Burla, the number of deaths due to H1N1 virus went up to 14 yesterday. With the sudden change in temperature registered in last couple of days, toll of swine flu patients has been raised to 10.

"It's a good time for the industry to respond", said Andy Barratt, chairman and managing director of Ford Britain, in a phone interview.

"Removing generations of the most polluting vehicles will have the most immediate positive effect on air quality, and this Ford scrappage scheme aims to do just that", said Barratt. "Acting together we can take hundreds of thousands of the dirtiest cars off our roads and out of our cities".

The scrappage programme will run until the end of the year, effective for new auto registrations from September 1 to December 31 2017, Ford said. The trade-in vehicle must be scrapped to receive the incentive. Data from the SMMT shows that there are approximately 19.3 million pre-Euro 5 emission level passenger cars on United Kingdom roads. Removing them all would save Carbon dioxide equivalent to the annual output of three coal-fired power stations.

"Car manufacturers clearly also have a role to play in cleaning up our air, so I welcome Ford's decision to offer a scrappage scheme for the owners of the oldest, most polluting vehicles", he said in a statement.

Volkswagen is expected to launch its own trade-in deal "shortly".


  • Chelsea boss Conte laughs off Costa criticism

    Chelsea boss Conte laughs off Costa criticism

    Atletico are under a transfer ban until January, but Costa has made it clear that he wants Diego Simeone's side to be his next destination.
    Dems Risk Culture War Fight In Charlottesville Response

    Dems Risk Culture War Fight In Charlottesville Response

    We know this is Trump's game because White House chief strategist Stephen Bannon told us so. Trump has drawn intense criticism for his response to the chaos in Charlottesville.
    'Hitman's Bodyguard' Weekend Box Office Winner, but It Didn't Take Much

    'Hitman's Bodyguard' Weekend Box Office Winner, but It Didn't Take Much

    These are estimated ticket sales for Friday through Sunday at USA and Canadian theaters, according to Comscore . The animated adventure tells the story of a group of animals trying to save their home from the bulldozer.
  • Walmart Applies for Patent Allowing Easier Drone Deliveries

    Walmart Applies for Patent Allowing Easier Drone Deliveries

    Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. Customers of the big-box giant can have their groceries delivered to them via Uber.
    Texans' Deshaun Watson on Performance vs. Patriots: 'I Did a Decent Job'

    Texans' Deshaun Watson on Performance vs. Patriots: 'I Did a Decent Job'

    But the pass didn't get to the sideline and was picked off by Denzel Rice , who returned it to the Patriots 4. Tom Savage made a fast decision when he saw Strong break across the middle against the Patriots secondary.
    President Trump used naked eyes to stare into solar eclipse

    President Trump used naked eyes to stare into solar eclipse

    As you and I and all of us already know, looking directly up at a solar eclipse could potentially permanently ruin your eyesight. But despite warning from media outlets, scientists and others, the president looked directly into the sun for a brief second.
  • North Korea hits out at Aust over war games

    North Korea hits out at Aust over war games

    North Korea has warned the USA will be "pouring gasolene on the fire" by conducting a war game with its long-time southern foe. But the wayward neighbor has kept mum toward the offer, while firing two intercontinental ballistic missiles (ICBMs) in July.
    Alabama a decent-sized favorite over Florida State

    Alabama a decent-sized favorite over Florida State

    Those teams finished an average of 6.34 places (higher or lower) from where they were ranked in the preseason. Kentucky opponent Georgia comes in at No 15, Florida No 17, and Tennesee rounds out the top 25 at No 25.

    Arsene Wenger hopes to have Alexis Sanchez back for Liverpool clash

    The former Barcelona man has not been a part of Arsenal's first two Premier League games this season owing to an abdominal injury. Sanchez was watching in the stands at the Emirates Stadium as Arsenal came out on top in the seven-goal thriller.
  • Supreme Court rulings on privacy, triple talaq this week

    Supreme Court rulings on privacy, triple talaq this week

    The matter was taken up by the top court in 2015 followed by a separate listing of PIL pertaining to the rights of Muslim women. However, AIMPLB had cautioned the constitution bench that "testing the validity of customs and practices was a slippery slope".
    Mum 'cut in half' in hospital lift soon after giving birth

    Mum 'cut in half' in hospital lift soon after giving birth

    Her family is demanding someone be punished over the death; the elevator was reportedly serviced fewer than 10 days ago. Her devastated husband, waiter Jose Gaspar, said: "This can not end like this".
    Trump hits Lindsey Graham over alleged 'disgusting lie'

    Trump hits Lindsey Graham over alleged 'disgusting lie'

    The White House is trying to deal with the repercussions from Mr Trump's defiant remarks on the Virginia tragedy. After comments on #Charlottesville , I'll be introducing Articles of #Impeachment against #Trump .