South Korea’s auto makers are introducing more powerful 1.6L engine options on their compact car lines one year ahead of the government’s lowering of punitive purchase price taxes on engines of that size. Hyundai Motor Co. Ltd. this week began selling a 1.6L version of its Avante. The new engine adds 100,000 won ($86) to the cost of the car. Renault Samsung 1.6L SM3 is leading the trend. A Hyundai spokesman says the current tax levied on cars with 1.6L engines is the same as that ...
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