GM and Barra Face Major Challenges in China’s Auto Market
General Motors (GM) and its CEO, Mary Barra, are facing a crucial turning point in China. The world’s largest car market is no longer the promising frontier it once was for the American automaker. As GM and Barra look to solidify their position in China, they are confronted with mounting challenges that could redefine their
EV Tax Credit Impact on Car Purchases: Trump’s Proposal to Ax It May Change Buying Trends
EV Tax Credit Removal Could Shift Car Buying Trends More Than Price The ongoing debate around electric vehicle (EV) incentives has gained traction, especially with former President Donald Trump’s recent suggestion to eliminate the EV tax credit. This proposal has sparked concerns that the removal of this incentive could have a more significant impact on
What Happens if 12 Percent VAT Applies to the Automotive Sector?
The proposal to implement a 12 percent VAT on the automotive sector has sparked debates among industry players and consumers. Here’s a breakdown of the possible effects this policy could have. 1. Increase in Vehicle Prices One immediate effect of 12 percent VAT on the automotive sector would be a rise in vehicle prices. Manufacturers