Chinese Company Wins Auction for A123 Systems

Chinese Company Wins Auction for A123 Systems
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A year riddled with controversy for electric cars is winding down, but not without at least one more flare up — Chinese firm Wanxiang Group won the bidding war for A123 Systems. Continue Reading...

Porsche Skips Taxes on 4.5 Billion Euro Transaction… Legally

Porsche Skips Taxes on 4.5 Billion Euro Transaction… Legally
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If you’re wondering how to sell the controlling stake in a major car company for 4.5 billion euros and leave the tax collector hanging without legal worry, just ask Porsche. Continue Reading...

Ukranian Used Cars Cut In Half To Avoid Import Taxes

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For all the talk of “tax cuts” in our national discourse, Americans have nothing on our friends in former Soviet bloc states. These photos from the Ukraine show a novel method of getting around the high tariffs placed on imported used vehicles in many parts of the world. According to photos, vehicle importers in the… Continue Reading...

U.S. Goverment Looking To Re-Align Highway Fund Taxes To Include Plug-In Cars

U.S. Goverment Looking To Re-Align Highway Fund Taxes To Include Plug-In Cars
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Federal legislators have begun examining ways to tax highway users based on Vehicle Miles Traveled (VMT) as a way to bring up shortfalls to the Highway Trust Fund. A concern is that as fuel-efficient hybrids and plug-in cars increase, fuel tax generated revenues will do little for the already insufficient funding base. In a Congressional… Continue Reading...

BMW 335i Costs $260,000 In Singapore As Vehicle Permits, Taxes Increases 24-Fold

BMW 335i Costs $260,000 In Singapore As Vehicle Permits, Taxes Increases 24-Fold
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Think the $41,400 sticker price for a BMW 335i is bad? Be glad you don’t live in Singapore where the same model will run you $260,000, about what an Italian exotic would retail for in the United States. Singapore residents who want a private vehicle must pay for a special permit that allows them to… Continue Reading...

Lamborghini Countach Seized By Canadian Government At Auction For $58,000

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Lamborghini Countach Seized By Canadian Government At Auction For $58,000
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The government of Canada is auctioning off a Lamborghini Countach, with bids starting at the low price of $58,000. The vehicle was forfeited to the Canada Revenue Agency (the Canadian IRS) with only 54,000 miles on the clock. The vehicle was originally listed for an opening price of $70,000 but failed to get a single… Continue Reading...