The country’s special consumption tax can be punishing. For passenger vehicles with engine capacity up to 1.6L the tax is 45%, for those with engines between 1.6L and 2.0L it is 90% and for those exceeding 2.0L it is 145%....More
Lawmakers in Brussels hope to see connected cars on European Union roads as soon as 2015. Authorities in Austria, Germany and the Netherlands already have agreed to cooperate on installing roadside communication infrastructure....More
The New Stage 2016 plan sets ambitious earnings, sales and production goals for fiscal 2016. They include record earnings of ¥135 billion on sales of ¥2.6 trillion, both up more than 40% from fiscal 2012, and more than 1.4 million builds....More
Republican U.S. Bob Corker is concerned the National Labor Relations Board could "muzzle" lawmakers critical of the UAW's failed organizing effort in hearing the union's appeal of last week's vote....More
Last year was the German marque’s best ever in Korea, with sales of 33,066 vehicles, accounting for more than 21% of all new import registrations. Including the Mini brand, the automaker’s share stood at 25%....More
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