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    Italy extends its cash for clunkers program for 100,000 more vehicles     1254495720

    The Italian cash for clunkers program was supposed to last until the end of 2009. However, there were voices that called for the extension of the program. Once such voice was Sergio Marchione, the CEO of Fiat, who said that there could be "severe social consequences" if the program was suddendly ...

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    Italy to subsidize scrapping old cars with ?1,500 tax cut     1234365480

    France and Germany are already giving money to their citizens if they scrap an old clanker to buy a new, fuel-efficient car. It's time now for Italy to do the same. The government, led by Silvio Berlusconi, has decided to offer a €1,500 tax cut for those who purchase a new car and scrap one ...

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