----- Original Message -----
Sent: Thursday, September 27, =
2001 9:05
PM
Subject: Germans To Pay People =
To Crush
Vanagons
September 27, 2001
Volkswagen Asks German Govt. Aid
By THE ASSOCIATED PRESS
FRANKFURT, Germany (AP=
) --
The head of Volkswagen (=
news/quote).
Europe's biggest carmaker, called Thursday for government help to
stimulate new car sales in the wake of terrorist attacks on the =
United
States, although the company said it's too early to assess the full =
impact
on business.
Chairman Ferdinand Piech said in a statement he =
would
expect ``to see clear political support'' from the government in =
helping
auto manufacturers make it through what is likely to be a tough
time.
Volkswagen braced for a potential drop in the market =
this
week, idling plants in the German cities of Wolfsburg and Emden as a=
preventive measure to avoid possible inventory buildups. These plants=
make
some of VW's most important models, including the Golf, Polo and
Passat.
Auto analysts say new car sales and showroom traffic =
in
Europe have slowed in the wake of the attacks, as they did in the =
United
States. Before the Sept. 11 attacks, Europeans were expected to buy =
14.3
million cars this year, down from 14.8 million last year; now, =
analysts
say sales could go as low as 14 million.
Piech proposed a =
program
where the government would pay people to scrap their old cars. He =
said
such a plan would not only increase demand for new vehicles, but help=
the
environment as well.
The government could recoup some money in=
taxes on the new car purchases, he said, but provided no further
details.
German luxury automaker BMW said Thursday the attacks=
were
not anticipated to affect its business. BMW gets roughly half its =
profit
from selling its luxury cars in the United States and Great
Britain.
``We don't anticipate any drastic economic =
consequences
for the BMW group, based on available data,'' said Michael Rebstock, =
a
company spokesman.
===================
=========
The proposal
above was met by immediate acceptance from the German government, and =
as a
result all 16" syncros were immedaitely rounded up and destroyed. All =
T3
Westfalias are scheduled to be destroyed next week, and all modified T3=
VW
vans with other than stock motors the week thereafter. However, an =
exemption
was granted for any vehicle purchased by FLO and sent to America for =
resale.
:-) -- Derek
_______________________________________________
Derek
Drew =
CEO & Co-Founder
New York, NY
=======================
=====
"Best Expert Review Site"
for product reviews on the Internet
Jan. 2001, PC World Magazine
=======================
====
derekdrew@rcn.com
212-580-6486
Alternate numbers for the industrious phone=
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