A coalition of unions, Democratic lawmakers and trade groups is putting pressure on the White House to take action against China for alleged unfair trading practices in its auto parts industry. The coalition says that the Chinese government is subsidizing its parts industry and is restricting the exportation of raw materials used by foreign auto Read on! →
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In January of 2009, the Chinese government halved its tax on cars with small engines (1.6 liters or less). The Chinese State Information Center is announcing that the small vehicle tax, currently at 7.5 percent, will most likely be returned to 10 percent. Will the move hurt new auto sales in China? Momentum in the Read on! →