German carmakers fear tax hikes for company cars

Newswire

HAMBURG, Germany, Dec 16 (Reuters) - Germany's powerful car industry warned the new government in Berlin on Friday not to fiddle with tax breaks on company cars for fear demand would crumple and hurt domestic manufacturers more than others. "The experience of 2002/2003 shows how sensitively the market reacts to such cases," the VDA car industry group said, recalling tax hikes on company cars levied in late 2002. New car registrations in the segment dropped by more than a fifth in early ...

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