BMW under inspection in India after report of tax probeMay 9, 2013 06:01 CET  BMW has said it is cooperating with Indian authorities after a newspaper reported the automaker is being investigated for possibly owing $120 million in taxes.... Read More »
10 things to watch in 2013Jan. 10, 2013 06:01 CET No one expects the European car market to be a source of good news this year, especially for volume brands. Optimists predict flat sales while pessimists foresee a decline of up to 5 percent. Here are 10 stories to watch in 2013..... Read More »
Chrysler wins tax break for possible Indiana transmission plant 10:44 am U.S. ET | Dec. 19, 2012  Chrysler is one step closer to a new transmission plant in Indiana after a local council approved a tax abatement late Tuesday. The Tipton County Council approved a 10-year tax abatement worth $2.5 million, according to the Kokomo Tribune, a local newspaper. Chrysler wants to invest $162 million in the plant, which would produce nine-speed front-wheel-drive automatic transmissions and create 850 jobs.... Read More »
JIM HENRY Keep deals square at tax refund time 12:01 am U.S. ET | Dec. 19, 2012  ... Read More »
Ford loses bid for $445 million in interest on income taxes 12:37 pm U.S. ET | Dec. 17, 2012  Ford can't collect $445 million in interest on overpayment of income taxes, an appeals court ruled, saying the Internal Revenue Service didn't improperly calculate what the company was owed.... Read More »
Detroit unnerved by looming fiscal cliff 2:04 pm U.S. ET | Nov. 28, 2012  Ford is making contingency plans, including possible production cuts, should the nation's economy falter if President Barack Obama and Congress go over the fiscal cliff during budget deficit and tax talks.... Read More »
Obama's next transportation chief faces highway-funding dilemma over gas tax 2:34 pm U.S. ET | Nov. 9, 2012 The next U.S. Transportation secretary -- whether it's Ray LaHood or someone else -- will confront a highway system starved for cash and financed by a gasoline tax almost no one wants to raise.... Read More »
Fiat will build two small SUVs at Italian plant, report saysOct. 19, 2012 12:44 CET  Fiat Group has shelved the idea of closing its Mirafiori car plant in Turin and is considering producing two new SUVs at its factory in Melfi in southern Italy, an Italian daily newspaper said.... Read More »
GM weighs powertrain headquarters expansion in suburban Detroit 1:43 pm U.S. ET | Oct. 9, 2012 General Motors may expand its global powertrain engineering headquarters in suburban Detroit, where an $87.6 million tax abatement has been approved.... Read More »
Spain VAT hike sends car sales down 28%Sept. 17, 2012 14:16 CET  Car sales in Spain fell dramatically in the first two weeks of September following a hike in value-added tax, car retailers association Ganvam said.... Read More »
Brazil extends tax cuts on cars to continue sales revivalAug. 31, 2012 06:01 CET  Brazil's government has extended a tax cut by two months on vehicles that has helped revive sales and spur growth in the world's second-biggest emerging market.... Read More »
Italians give up Ferraris, Maseratis as austerity measures biteAug. 15, 2012 06:01 CET  The 204,000 euro Ferrari 458 Italia has never been a particularly common sight, even on the autostrade of its native Italy. Today, it's becoming even rarer as austerity measures drive Ferrari owners to export their supercars by the truckload.... Read More »
Fiat losses in Europe shrink on Marchionne investment cutsJuly 31, 2012 15:34 CET  Fiat posted a narrower loss in Europe as CEO Sergio Marchionne cut investment in the region and delayed introduction of new models. The loss before interest, taxes and one-time items in Europe, the Middle East and Africa was 184 million euros compared with a pro-forma loss of 406 million euros a year earlier.... Read More »
TRW posts smaller profit; 'cautious' on EuropeJuly 31, 2012 13:31 CET  TRW made a smaller profit in the second quarter due to higher taxes and raw material costs as well as expenses tied to the company's growth plans. The company remains "cautious in the near-term" due to the deepening economic crisis in Europe, CEO John Plant said.... Read More »
Ford, other manufacturers split on U.S. tax breaks, corporate rate 5:04 am U.S. ET | July 20, 2012 Tax directors at Ford and other large U.S. manufacturers are split on how much they are willing to give up in tax breaks in exchange for a lower corporate rate.... Read More »
Automakers, dealers say Spain's VAT hike will further depress car salesJuly 12, 2012 10:55 CET  Automakers and dealers said an increase in Spain's sales tax to 21 percent from 18 percent will hit the country's flagging auto sales.... Read More »
French luxury car tax suggested to help Renault, PSAJune 21, 2012 06:15 CET  France should introduce a tax on large luxury cars which emit higher levels of CO2 than smaller models, according to a policy document supported by the country's economy minister. The move, if implemented, would hit German premium carmakers such as Audi, BMW and Mercedes, while it could help slow a drop in demand for mass-market models built by French carmakers PSA and Renault.... Read More »
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