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Scrappage Program
A scrappage program is a government budget programme to promote the replacement of old vehicles with modern vehicles. Scrappage programmes generally have the dual aim of stimulating the automobile industry and removing inefficient, more polluting vehicles from the road. Many European countries have introduced large-scale scrappage programmes as an economic stimulus to increase market demand in the industrial sector during the global recession that began in 2008. Scrappage programmes were touted with different names, mostly referring to an environmental benefit. The Vehicle Efficiency Incentive in Canada was based on fuel efficiency of cars. In Romania, this program was called "Rabla" (the wreck), and was launched by Dacia in 2000. In Germany, the economic stimulus program was called "Umweltprämie" (''environmental premium'') and in Austria "Ökoprämie" (''eco-premium'') while most of the public referred to it simply as "Abwrackprämie" (''scrappage premium''). Other countries ...
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Great Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or be bailed out in September 2008. This 2007–2008 phase was called the subprime mortgage crisis. ...
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Vehicle
A vehicle (from la, vehiculum) is a machine that transports people or cargo. Vehicles include wagons, bicycles, motor vehicles (motorcycles, cars, trucks, buses, mobility scooters for disabled people), railed vehicles (trains, trams), watercraft (ships, boats, underwater vehicles), amphibious vehicles (screw-propelled vehicles, hovercraft), aircraft (airplanes, helicopters, aerostats) and spacecraft.Halsey, William D. (Editorial Director): ''MacMillan Contemporary Dictionary'', page 1106. MacMillan Publishing, 1979. Land vehicles are classified broadly by what is used to apply steering and drive forces against the ground: wheeled, tracked, railed or skied. ISO 3833-1977 is the standard, also internationally used in legislation, for road vehicles types, terms and definitions. History * The oldest boats found by archaeological excavation are logboats, with the oldest logboat found, the Pesse canoe found in a bog in the Netherlands, being carbon dated to 8040 ...
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Motor Oil
Motor oil, engine oil, or engine lubricant is any one of various substances used for the lubrication of internal combustion engines. They typically consist of base oils enhanced with various additives, particularly antiwear additives, detergents, dispersants, and, for multi-grade oils, viscosity index improvers. The main function of motor oil is to reduce friction and wear on moving parts and to clean the engine from sludge (one of the functions of dispersants) and varnish (detergents). It also neutralizes acids that originate from fuel and from oxidation of the lubricant (detergents), improves sealing of piston rings, and cools the engine by carrying heat away from moving parts. In addition to the aforementioned basic constituents, almost all lubricating oils contain corrosion and oxidation inhibitors. Motor oil may be composed of only a lubricant base stock in the case of non- detergent oil, or a lubricant base stock plus additives to improve the oil's detergency, extreme p ...
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Porsche
Dr. Ing. h.c. F. Porsche AG, usually shortened to Porsche (; see #Pronunciation, below), is a German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans, headquartered in Stuttgart, Baden-Württemberg, Germany. The company is owned by Volkswagen Group, Volkswagen AG, a controlling stake of which is owned by Porsche Automobil Holding SE. Porsche's current lineup includes the Porsche Boxster/Cayman, 718 Boxster/Cayman, Porsche 992, 911 (992), Porsche Panamera, Panamera, Porsche Macan, Macan, Porsche Cayenne, Cayenne and Porsche Taycan, Taycan. History Origin Ferdinand Porsche (1875–1951) founded the company called "Dr. Ing. h. c. F. Porsche Gesellschaft mit beschränkter Haftung, GmbH" with Adolf Rosenberger and Anton Piëch in 1931. The main offices was at Kronenstraße 24 in the centre of Stuttgart. Initially, the company offered motor vehicle development work and consulting, but did not build any cars under its own name. One of the first as ...
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Mercedes-Benz
Mercedes-Benz (), commonly referred to as Mercedes and sometimes as Benz, is a German luxury and commercial vehicle automotive brand established in 1926. Mercedes-Benz AG (a Mercedes-Benz Group subsidiary established in 2019) is headquartered in Stuttgart, Baden-Württemberg, Germany. Mercedes-Benz AG produces consumer luxury vehicles and commercial vehicles badged as Mercedes-Benz. From November 2019 onwards, Mercedes-Benz-badged heavy commercial vehicles (trucks and buses) are managed by Daimler Truck, a former part of the Mercedes-Benz Group turned into an independent company in late 2021. In 2018, Mercedes-Benz was the largest brand of premium vehicles in the world, having sold 2.31 million passenger cars. The brand's origins lie in Daimler-Motoren-Gesellschaft's 1901 Mercedes and Carl Benz's 1886 Benz Patent-Motorwagen, which is widely regarded as the first internal combustion engine in a self-propelled automobile. The slogan for the brand is "the best or nothing". Hi ...
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Ford Fusion (Europe)
The European Ford Fusion is a car manufactured and marketed by Ford Europe from 2002 to 2012 across a single generation. It has a high roof, five-door, five-passenger, front-wheel-drive, mini MPV design and is described in the motor industry as being part of the B-segment. Sharing its platform with the Ford Fiesta supermini, the Fusion was longer, wider and taller than the Fiesta — with high h-point seating, rear 'theatre-style' and 60/40 folding rear seats, fold-flat front passenger seat and a load floor flush with the cargo sill. Ford marketed the Fusion as an 'Urban Activity Vehicle', its ''Fusion'' nameplate referring to its combination of small hatchback, MPV and SUV design features: economical operation from its B-class underpinnings; enhanced maneuverability from its four-metre footprint as well as enhanced roominess, accessibility, passenger and cargo volume from its tall configuration — but notably without all-wheel drive. Having debuted initially as a concep ...
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Ford Fiesta
The Ford Fiesta is a supermini car marketed by Ford since 1976 over seven generations. Over the years, the Fiesta has mainly been developed and manufactured by Ford's European operations, and has been positioned below the Escort (later the Focus). Ford has sold over 22 million Fiestas since 1976, making it one of the best-selling Ford marques behind the Escort and the F-Series. It has been manufactured in the United Kingdom, Germany, Spain, Brazil, Argentina, Venezuela, Mexico, Taiwan, China, India, Thailand, and South Africa. The Fiesta is planned to be discontinued in June 2023, after 20 million have been made; it had been largely displaced by newer models. The hybrid Ford Puma became the more affordable option with the approach of bans on internal-combustion-engined cars. Development The Fiesta was originally designed by the project "Bobcat" team headed by Trevor Erskine (not to be confused with the badge-engineered Mercury variant of the Ford Pinto) and approved ...
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Ford Ka
The Ford Ka is a small car manufactured by Ford Motor Company from 1996 to 2016 as a city car and from 2016 to 2021 as a subcompact car. It entered its second generation in 2008, produced by Fiat in Tychy, Poland. A third generation was introduced in 2016. The first two generations have a three-door hatchback body style, with the first generation also having a two-door convertible version that was marketed as the StreetKa and a sporty hatch version, the SportKa. The third generation was produced as a five-door hatchback and as a four-door sedan. It was initially only available in Brazil, and later was introduced in India, Italy, Mexico, Spain, South Africa (where it was marketed as the Ford Figo), Argentina, and Poland. European sales ended in 2020, and in 2021, it was taken out of production in Brazil. Pronunciation The name Ka has three possible pronunciations. It can be said using a long or short "a", or with the letters pronounced separately. Ford's press office has used all ...
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Ireland
Ireland ( ; ga, Éire ; Ulster Scots dialect, Ulster-Scots: ) is an island in the Atlantic Ocean, North Atlantic Ocean, in Northwestern Europe, north-western Europe. It is separated from Great Britain to its east by the North Channel (Great Britain and Ireland), North Channel, the Irish Sea, and St George's Channel. Ireland is the List of islands of the British Isles, second-largest island of the British Isles, the List of European islands by area, third-largest in Europe, and the List of islands by area, twentieth-largest on Earth. Geopolitically, Ireland is divided between the Republic of Ireland (officially Names of the Irish state, named Ireland), which covers five-sixths of the island, and Northern Ireland, which is part of the United Kingdom. As of 2022, the Irish population analysis, population of the entire island is just over 7 million, with 5.1 million living in the Republic of Ireland and 1.9 million in Northern Ireland, ranking it the List of European islan ...
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France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pacific and Indian Oceans. Its Metropolitan France, metropolitan area extends from the Rhine to the Atlantic Ocean and from the Mediterranean Sea to the English Channel and the North Sea; overseas territories include French Guiana in South America, Saint Pierre and Miquelon in the North Atlantic, the French West Indies, and many islands in Oceania and the Indian Ocean. Due to its several coastal territories, France has the largest exclusive economic zone in the world. France borders Belgium, Luxembourg, Germany, Switzerland, Monaco, Italy, Andorra, and Spain in continental Europe, as well as the Kingdom of the Netherlands, Netherlands, Suriname, and Brazil in the Americas via its overseas territories in French Guiana and Saint Martin (island), ...
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Edmunds
Edmunds may refer to: People *Edmunds (given name) *Edmunds (surname) Places * Edmunds Center, an arena in Deland, Florida * Edmunds County, South Dakota Companies * Edmunds (company), provider of automotive information See also * Edmonds (other) * Edmund (other) Edmund is an English masculine given name. Edmund may also refer to: * Edmund, South Carolina, United States, a census-designated place * Edmund, Wisconsin, United States, an unincorporated community * Edmund Scientific Corporation, an America ...
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Shanghai
Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowing through it. With a population of 24.89 million as of 2021, Shanghai is the most populous urban area in China with 39,300,000 inhabitants living in the Shanghai metropolitan area, the second most populous city proper in the world (after Chongqing) and the only city in East Asia with a GDP greater than its corresponding capital. Shanghai ranks second among the administrative divisions of Mainland China in human development index (after Beijing). As of 2018, the Greater Shanghai metropolitan area was estimated to produce a gross metropolitan product (nominal) of nearly 9.1 trillion RMB ($1.33 trillion), exceeding that of Mexico with GDP of $1.22 trillion, the 15th largest in the world. Shanghai is one of the world's major centers for ...
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