Key members of the board of bankrupt carmaker Saab were arrested yesterday on suspicions of tax evasion. Former Saab General Counsel Kristina Geers, former CFO Karl-Gustav Lindstrom, and former CEO Jan Åke Jonsson spent the night in jail. After a serious grilling, the three were released today. At the same time, the offices of Spyker in Zeewolde, Netherlands, were searched by police at the request of Swedish authorities, Z24.NL reports.
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Tag: Tax
Japan’s minivehicles or “kei” cars could lose their (next to their cuteness) biggest attraction: The tax benefit. The Japanese government is thinking about charging the same tax for regular cars and mini vehicles alike, The Nikkei [sub] writes. (Read More…)
The 3-cylinder Ecoboost engine developed by Ford won’t necessarily stay at its current displacement of 1.0L. According to the Blue Oval, there’s a fair bit of power – and displacement – left on the table.
The San Francisco Bay area will investigate a proposal to implement cost-per-mile driving, as a way to raise money for public transit and road repair while reducing pollution and congestion.
Drivers in Georgia were hit for the first time last Friday with a new tax on speeding tickets designed to raise between $25 and $30 million in annual revenue for the general fund. The plan was modeled on the driver responsibility taxes in states like Michigan, New Jersey, New York and Texas. A similar plan in Virginia was so unpopular that legislators repealed the tax within six months and refunded all of the money that had been collected under the program.
The Detroit Free Press reports that Senator Barbara Mikulski (D-MD) has added some car dealer-friendly provisions to the proposed $43g (gazillion) economic stimulus package.
Mikulski’s proposal would grant a tax credit for vehicles bought between Nov. 12 of last year and Dec. 31 of this year. The tax break would only go to families making less than $250,000 a year, and would only apply to interest on loans up to $49,500.
“Everyone wants to save auto manufacturers, but no matter how much government aid we give to the Big Three auto makers, they can’t survive if consumers don’t start buying cars,” Mikulski said.
True dat. HOWEVER, this is like putting a band aid on an arterial wound. Until the U.S. housing market recovers, car sales will not come back. And maybe not even then, for a while anyway. How Congress/the feds do that remains to be seen. Later.







Recent Comments
Scoutdude - My 86 626 had the oscillating center vent.
Good ole dayz - Not necessarily “silly” (though some might have considered them so), but definitely entertaining, were the 1970′s FIAT “Remy Jullienne”...
jmo - I love this post!! It’s exactly the editorial tone I’m looking for. It has a honest enthusiasm for cars and their various permutations. In...
azmtbkr81 - I didn’t get that from the quoted statement. To me it expresses disdain for those who lack the refinement and taste necessary to appreciate...
Good ole dayz - +1
Good ole dayz - +1
billfrombuckhead - I think many pundits are frustrated that the Detroit 3 have come roaring back when they were predicting American marketshare would fall...
NormSV650 - Sometimes its the other way…by a few days.
VenomV12 - I like it and am considering it, would prefer the hardtop though, but I can tell you with certainty, if I did get one I would 99.99999% for sure lease it. Ditto for...
VenomV12 - My mom had the same 626, cool car. My dad had a 929 Limited that had all sorts of cool stuff including an upright cassette deck with an EQ like a home stereo. I have...