VW to Offer Buyer Incentive for Scrapping Older German Diesels

VW to Offer Buyer Incentive for Scrapping Older German Diesels
The logo of Volkswagen is seen at their plant in Wolfsburg, Germany on April 12, 2018. (Fabian Bimmer/Reuters)
Reuters
10/18/2018
Updated:
10/18/2018

BERLIN—Volkswagen said on Oct. 18, 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.

by Caroline Copley