China’s Ministry of Finance announces the end to an 18-month tax break on vehicles with engine sizes of 1.6L or less starting Jan. 1. A ministry spokesman tells the government’s Xinhua news agency China will resume levying a 10% purchase tax because the country is recovering from the global financial crisis and the economy has regained its rapid growth. The move will affect sales of small cars, which make up 60% of passenger-vehicle deliveries in the country. China halved the sales ...
Premium Content (PAID Subscription Required)
"Printer-friendly" 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!
Current subscribers, please login or CLICK for support information.