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
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
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
U.S. automakers are insisting any future bilateral trade agreements commit in writing promises not to manipulate currency-exchange rates, with Japan in the crosshairs. And for once U.S lawmakers are listening....More
Under the new National Automotive Policy, Malaysia ends protection of domestic automakers, allows foreign companies to build energy-efficient cars with engines of 1.8L or less and seeks to become a manufacturing hub for green vehicles....More
(Corrects dateline to Feb 19)
SHANGHAI/BEIJING, Feb 19 (Reuters) - China's monopolies
regulator has been collecting evidence of possible
anti-competitive behaviour in the country's auto parts market,
it said on Wednesday.
Foreign carmakers were accused by Chinese state television
in December of charging customers more for repairs in China than
in other markets, leading to suggestions that the auto parts
sector could be the next target for the country's anti-monopoly
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