Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

VW to offer buyer incentive for scrapping older German diesels

FILE PHOTO: The logo of Volkswagen is seen at their plant in Wolfsburg, Germany, April 12, 2018. REUTERS/Fabian Bimmer/File Photo

BERLIN (Reuters) - Volkswagen <VOWG_p.DE> on Thursday said it will offer trade-in incentives and a bonus for scrapping older diesel vehicles in Germany, in a move to stave off driving bans in polluted cities.

VW will offer an incentive for customers who agree to scrap diesel vehicles equipped with older euro 1 to euro 4 engines, the carmaker said.

German Chancellor Angela Merkel and her coalition partners agreed earlier this month on plans to cut pollution from diesel vehicles by asking carmakers to offer owners trade-in incentives and hardware fixes.

($1 = 0.8698 euros)

(Reporting by Caroline Copley; Writing by Edward Taylor; Editing by Riham Alkousaa)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.