The Spanish industry minister, Miguel Sebastian announced Saturday that the current car scheme stimulus, to boost the sale of vehicles will continue for an additional year.

According to Sebastian an additional 40 Million Euros have been earmarked so that the plan can be extended until at least the close of 2009, with an additional amount of money available so that the plan can continue on into 2010.

He also said that since the car scheme stimulus was introduced in May, car sales have turned around with a 20% increase overall.