Premier Dalton McGuinty isn’t ruling out a so-called scrappage program in the upcoming Ontario budget to boost sales of new vehicles in the troubled auto industry.
Ford Canada chief executive David Mondragon is urging Ottawa to give consumers a $3,500 rebate or credit when they trade in a vehicle that’s at least 11 years old to buy a new one.
McGuinty said Mondragon, who raised the idea in a parliamentary committee hearing Monday, gave him the same pitch in a meeting last week.
“There’s a certain compelling dimension to this,” he said, adding countries like Germany already have such programs in place.
“That’s something else that’s on the table and I’m sure that (Finance Minister Dwight) Duncan is going to have to take that under consideration.”