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Japan: September sales slip 0.8% on consumer tax impact


Following a first in years hike in the country’s consumption tax, Japan’s auto sales in September dropped, signaling a lingering weakness in Asia’s second-biggest car market. Last month’s total vehicle sales slumped to 518,774 units from last year’s 522,760 figure, according to industry data released today. Since April, when the consumption tax was increased, auto sales have been negative in five ...
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More tax articles

Fiat deal with Luxembourg seen illegal by EU
According to a statement from the European Commission, a tax break accord negotiated between a subsidiary of the Italian carmaker Fiat SpA and Luxembourg could be in fact an illegal ...
Nevada lawmakers moving forward with $1.3 billion tax breaks for Tesla
After we announced yesterday that Nevada lawmakers gathered on Wednesday for a special legislative session to consider tax breaks and other incentives for Tesla Motors worth around $1.3, now the ...
US: lawmakers want fund boost for highways and bridges
The US Highway Trust Fund – which finances road and bridge projects – is set to receive a short-term cash boost, while Congress discusses long-term plans, according to the Senate ...
Singapore caps luxury and supercar sales
After the government instituted measures that would tackle the nation’s growing social inequality, sales of supercars in Singapore have tumbled by up to 90 %, registering their lowest levels in ...
Chairman: FCA moves tax base to UK to lure investors
The Italian car maker's chairman told Italian daily La Stampa in an interview that Fiat wants to establish the tax domicile of the new Fiat Chrysler Automobiles group in the ...
US Congress could raise gas taxes in 2014
With the US Congress facing a major shortfall in transportation funding next year, Congress is eying a boost in the federal gas tax to make up the difference. Rep. Earl Blumenauer ...
Ford gets new US court hearing on $445M interest bid
To resolve a long-running Ford tax dispute on whether the automaker is entitled to $445 million in interest on taxes it overpaid the U.S. Supreme Court on Monday sent it ...
State Senate Approves Tax Cut For New Cars
Today, February 6th, the state Senate approved the legislation according to which sale tax of new cars and boats will be collected in Michigan by exempting the allowance for trade-ins. Sen. ...
Greece: There are more Porsche Cayennes than tax payers who can afford them
A weird situation has come to light in Greece and after the country is close to entering default, recent surveys have shown that there are actually more Porsche Cayenne SUVs ...

latest automotive news
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The aftermarket specialists from mcchip-dkr have recently created an upgrade program for the diesel version of the new Skoda Octavia ...
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Lamborghini Huracan gets crashed in the Targa New Zealand Rally
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Porsche Panamera Exclusive Series Edition goes official
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US: AAA says rear-view cameras can save lives
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Ford celebrates 25 years of Explorer with “#ExploreMore” social media campaign
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Customized McLaren P1 in China will make purists angry
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Mazda6 Coupe planned
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[VIDEO] Ferrari 458 Speciale vs. McLaren 650S vs. Porsche 911 GT3
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Hyundai is planning its first hybrid model
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Recall roundup: Chrysler, Dodge and Jeep SUVs for two separate recalls
The Chrysler Group has recently issued two separate recalls for certain SUVs and pickup trucks which have been affected by ...
This is the final Aston Martin One-77 produced
A small photo shoot is putting some light on the last Aston Martin One-77 which has been produced. The Aston Martin ...
Is Ferrari’s aura enough to support the brand when it becomes independent?
The Italian luxury supercar manufacturer is one of those iconic brands that transcend the particular industry where it activates. But ...
BMW i3 gets tuned by SR Auto Group
The Canadian based tuning company called SR Auto Group has recently created a project based on the popular BMW i3. BMW ...
Renault boosts third-quarter revenue through rising prices
The French automaker has said that its third-quarter revenue was up 6.7%, buoyed by price increases that managed to compensate ...