Stock market quotes, forex, financial news, forex tools –

Volkswagen will again recycle old diesel engines

 Breaking News
  • Microsoft, Amazon and eBay are at record highs On Tuesday, securities of Microsoft Corp, Inc and eBay Inc broke records. The rush of investors’ demand for the shares of those companies involved in electronic commerce caused such...
  • Quarantine in Hong Kong is not for everyone Hong Kong is rescuing its stock exchange. In order to give life to the trading platform, the administration of the metropolis has shown flexibility concerning quarantine measures. So, Christopher Hui...
  • Economy of Japan demonstrates recession In the first quarter of this year, the economy of the Land of the Rising Sun dropped by 0.6% in monthly terms. The figures are not optimistic but are better...
  • Energy market news On Saturday, representatives of the countries included in the OPEC+ cartel managed to agree on the extension of the restrictions on oil production. It also became known that those countries...
  • Bentley fires employees in order to prevent losses in 2020 The Bentley brand has long been synonymous with luxury living. Unfortunately, the British automaker has to save because of a forced two-month break. The company’s CEO Adrian Hallmark said to...
Volkswagen will again recycle old diesel engines
October 18
09:00 2018

There is good news for those who are going to purchase Volkswagen, Audi, Seat or Skoda brand cars.

Volkswagen Concern, which owns all of the above brands, reports that last year it managed to dispose more than 200,000 cars with a diesel engine under the hood. The reason for this was the increased content of harmful gases in the exhaust. Volkswagen intends to conduct this program again. Owners who donate outdated diesel cars will get the so-called “ecology premium” that means a discount on the purchase of a new or used car issued by the concern. The size of the discount depends on the car brand and its value.

For example, Audi gives a discount of up to 10,000 Euros for buying a car with the standard Euro-6, Seat is ready to give a discount of up to 8,000 Euros. Volkswagen cars will also be sold at a discount of up to 8,000 Euros.

The novelty of the program is an offer for residents of the most polluted cities and the surrounding countryside. Having renounced the used diesel, the owner will receive its full market cost, as well as the “award for the exchange”. Audi gives such a discount of up to 9,000 Euro, Volkswagen – up to 7,000 Euro.

The Federal Office of Motor Vehicles will send a letter to all applicants, on the basis of which such an exchange is being conducted. The letter will indicate the addresses of salons where you can apply for a discount.

Volkswagen’s engine recycling program is not the only one in Germany. Other concerns also recycle diesel engines. This is due to the authorities’ decision on this matter.

So, Daimler AG has increased the discount when selling old cars and minivans for owners living in the environmental hot areas. It will range from 3 to 10 thousand Euros. The manufacturer emphasized that for Mercedes discounts would be provided along with other bonuses, which included 3,000 Euros for the purchase of hybrid models.

Renault offers discounts of up to 10 thousand Euros to all owners of old diesel engines from Germany. When buying electric cars, there is an additional discount of 5 thousand Euros.


The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment