VW, Mercedes Diesel Rebates Set to Lure 1.3 Million Drivers
- Consultant estimates 20% of eligible car owners to accept deal
- Fleet customers stick with diesel due to low cost: Sixt
VW, Daimler, BMW Agree to Diesel Auto Upgrades
This article is for subscribers only.
Germany’s effort to clean up diesel’s dirty image by getting older, more polluting models off the road is likely to spur a rush for trade-in deals from the country’s automakers.
As many as 1.3 million German car owners are set to accept rebates of as much as 10,000 euros ($11,700) per car from Volkswagen AG, Daimler AG and BMW AG in a cash grab reminiscent of the government’s 2009 cash-for-clunkers program. While that will jolt demand, it could still leave more than 5 million diesel autos with outdated emissions systems on German roads.