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Spanish government to extend financial aid for automobile sector

Xinhua, May 9, 2015 Adjust font size:

The Spanish government will extend the Plan PIVE that aims at boosting sales within the Spanish automobile sector through financial aid, Spain's Prime Minister Mariano Rajoy announced here on Friday.

Rajoy gathered in Barcelona with representatives from leading companies of the automobile industry on the occasion of the New International Motor Show that opens on Saturday.

Rajoy said the government will pass the extension of the Plan PIVE next Friday, which consists of giving prospective buyers 2,000 euros (2,246 U.S. dollars), half from the state and half from the car dealer, to buy a new and more ecologic car in exchange for a 10-year old car or older.

The Association of Car Manufacturers (ANFAC) described the announcement as very positive as it will help consolidate the rise in private consumption. Thanks to the Plan PIVE 8, ANFAC expects car sales to surpass 1 million purchases this year for the first time since 2008, when the crisis started.

"More than 1 million old vehicles will be replaced by new ones, giving Spanish roads more technology and safety, because tecnhology saves lives," ANFAC said, adding that "it will also have an important impact on reduction of emissions into the atmosphere."

Meanwhile, Rajoy also pointed out that the "Spanish economy was starting to say goodbye to the crisis." He stated that there would be 600,000 new job opportunities this year, highlighting that "500,000 new job opportunities should be created every year," adding that it was "ambitious, but realistic." Endit