
Italy’s plan to offer up to €5,000 in public funds for buyers of electric vehicles starting on May 6 is a waste of money because the scheme is flawed, Italian dealers association Federauto said.

Italy’s plan to offer up to €5,000 in public funds for buyers of electric vehicles starting on May 6 is a waste of money because the scheme is flawed, Italian dealers association Federauto said.

The Federal Trade Commission is investigating whether dealers colluded to hurt TrueCar Inc. in 2011 and 2012 over vehicle price competition fostered by the online shopping site.
Scott Painter: “I want to make this clear: We didn’t ask for it (the investigation), and we knew nothing about it.”