Valuable Opinions, Comments & Gossip
Latest News, Stories
& Hot Topics
Tools & Widgets to
help with finances
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
Car makers in Spain threatened on Thursday to reduce investment plans vital for Spain's job market recovery because of a new law which saddles them with the costs if salesrooms fail to sell cars.
The new law - bundled in with measures to jump start Spain's economy on Tuesday - allows distributors a full refund from manufacturers for unsold cars and in some cases to charge carmakers for sales teams' labour and other related expenses.
"This new situation obliges us to reconsider some of our already agreed investment plans," said car makers association ANFAC, whose members include Volkswagen, Peugeot and Ford.
The car industry accounts for 6% of Spain's GDP and for a large chunk of Spain's more than 20% jobless figure, the highest in western Europe.
On Thursday, the Industry Ministry said it has called an urgent meeting with regional governments, unions and car manufacturers.
