Volkswagen unveils trade-in scheme for British buyers

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Volkswagen unveils trade-in scheme for British buyers

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FRANKFURT (Reuters) – German carmaker Volkswagen <VOWG_p.DE> is launching a scrappage scheme for older diesel vehicles in Great Britian, the company said on Friday. Through a new scheme designed to get older polluting cars off the road, potential buyers can get incentives of between 1,800 and 6,000 pounds for a new Volkswagen if they trade in an older vehicle. For vehicles that are seven years old, or fitted with an engine conforming to the Euro 5 emissions standard, Volkswagen is offering up to 4,000 pounds off a VW Golf, or up to 10,000 pounds off an electric Golf when combined with a British government grant. A similar trade-in scheme exists in Germany. Volkswagen has come under pressure to clean up emissions ever since it admitted two years ago to cheating pollution tests using manipulated engine management software.

(Reporting by Edward Taylor; Editing by Georgina Prodhan)
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