According to the article, the Italian government Friday approved a stimulus worth more than 2 billion euros (2.5 billion) to help Italian citizens purchase durable goods and other necessities, but the main emphasis is on buying new cars and trucks.
The car industry has registered a large drop in sales compared to last year; with Italy's largest private employer and car factory Fiat placing workers on forced leave and reduced pay.
Berlusconi approved the stimulus package, saying it was designed to provide consumers an incentive of 1,500 euros (1,930) enabling them to exchange older car models for new ones. The consumers car must be at least 10 years old. Italy is the latest nation, following behind Germany, Britain and France, to help slumping car sales in the market according to The Annotico Report.
The car industry in Italy accounts for 11.4 pecent of the country's gross domestic product, employing over 1 million workers. Berlusconi hopes the stimulus package will help the government rebound.
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