Tag: Automotive Market
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Chinese Car Brands Gain Ground in Botswana
China’s Automobiles Make Inroads in Botswana New data shows a noticeable shift in Botswana’s vehicle landscape as Chinese-manufactured cars capture an increasing share of first-time registrations. While established Japanese marques continue to lead the market, a growing portion of first-time buyers are choosing brands from China, signaling a diversification of choices for Botswana’s consumers. First-Time…
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Tax-free car dream dashed as Langkawi scraps luxury vehicle exemptions
The dream of a tax-free supercar fades in Langkawi For years, Langkawi’s duty-free status made luxury cars like Ferrari, Lamborghini, and Porsche almost affordable dreams for the ultra-wealthy. The island’s tax exemptions allowed these high-end vehicles to enter the market with substantial savings compared with mainland prices. That changed recently as the government abolished tax…
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Mexico to Drastically Increase Tariffs on Cars from China
Introduction Mexico has announced a significant policy shift regarding the import of vehicles from China. In a move aimed at protecting local manufacturers and balancing trade relations, the Mexican government will increase tariffs on Chinese cars from the current rates of 15-20% to a staggering 50%. This decision is outlined in a new proposal submitted…
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Hyundai Considers Buyback of Saint Petersburg Factory
Overview of Hyundai’s Situation in Saint Petersburg Hyundai, one of the leading automotive manufacturers globally, is weighing the potential buyback of its factory located in Saint Petersburg, Russia. This development comes amid a backdrop of shifting market dynamics and geopolitical tensions affecting the automotive industry. Reasons Behind the Buyback Consideration The decision to consider a…
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Porsche Exits DAX: What This Means for the Automotive Sector
In an unexpected turn of events, the high-performance sports car manufacturer, Porsche, has officially been removed from the DAX index, marking a significant shift in the dynamics of the German stock market. Established as a premium automotive brand, Porsche’s departure not only symbolizes a noteworthy change for the company but also raises questions about its…