The U.S. is looking into ending the 50-year long Chicken Tax, which is a 25-percent tariff on all imported trucks. Continue Reading...
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Starting with the 2014 model year, the Ford Fusion mid-size sedan will come with six powertrain options now that a 1.5-liter EcoBoost engine is being added. Continue Reading...
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...
A report from the Mineta Transportation Institute seems to indicate that some Americans are willing to support the federal transportation revenues though paying higher taxes. Continue Reading...
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...
Against the odds, a letter carrier in Las Vegas won a Tesla Roadster playing penny slots. Needless to say, the odds of winning a six-figure prize by playing those games are stacked against you. Continue Reading...
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...
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...
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...
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...