A sharp hike in the IPI tax last year was part of an effort to discourage growing import sales taking advantage of the falling local currency and Brazilians’ interest in more up-to-date foreign models....More
The changes to the scheme are designed to help buyers unable to take delivery of their cars because of high demand and supply constraints following last year's floods, and to ease production pressures on auto makers....More
The U.S. auto maker says it plans to spend $1 billion in Russia over the next five years. The investment includes boosting capacity not only at GM Auto in St. Petersburg but also its JV with AvtoVAZ in Togliatti....More
Much of the growth in the month’s first half was fueled by fears of coming tax increases. But auto makers’ promotions and attractive features on their vehicles also provided significant incentives to buyers....More
The power and prestige of senior Chinese officials and their taste in cars may prove the new restrictions on imports to be a paper tiger. Previous attempts to curb government spending on expensive foreign makes have failed....More
Some suppliers are investing in additional facilities because they are confident current production levels will be sustained and because they have exhausted most of their avenues to stretch available...
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