German luxury carmakers' profits seen hit by new tax


By Nick Tattersall FRANKFURT, Nov 25 (Reuters) - German luxury carmakers BMW and Mercedes could see as much as four percent lopped of their profits next year if the government goes ahead with a proposal to raise taxes on company cars, industry experts said on Monday. In a bid to curb a gaping budget deficit, Germany's centre-left government has announced plans for a number of tax hikes since it won re-election in September, incurring the wrath of business leaders already struggling in a ...

Premium Content (PAID Subscription Required)

"German luxury carmakers' profits seen hit by new tax" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Mar 8, 2018

Toyota Camry Hybrid 2.5L Atkinson 4-Cyl. – 2018 Award Acceptance

Masashi Hakariya, project manager-engine development at Toyota, accepts award for Toyota Camry Hybrid at 2018 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×