Posted AT 8:40 PM EDT on 22/03/07
Auto makers snipe at feebate 'inequity'
The new federal “feebate” scheme could generate $40-million in savings for
Toyota Canada Inc. buyers while purchasers of new vehicles from the Detroit three would pay about $45-million in penalties on gas guzzlers.
Those numbers are based on 2006 sales of the vehicles that are eligible for a rebate and subject to a penalty in the program introduced in the federal budget on Monday that has become the subject of intense debate in the auto industry.
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