China is extending its stimulus measures for the automobile industry for another year. The government announced the decision after an executive meeting of the State Council chaired by Premier Wen Jiabao, the China Daily newspaper reports. The stimulus package was due to end Dec. 31. It includes a 50% cut in the 10% purchase tax for cars with an engine capacity of 1.6L or smaller, and subsidies for trade-in cars. In minor changes to the package, the purchase tax for smaller cars will be ...

Premium Content (PAID Subscription Required)

"China to Extend Stimulus Efforts to Benefit Auto Industry" 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 WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.