Browsing: economy

A proposed increase in the Special Consumption Tax on pickup trucks in Vietnam has sparked debate among National Assembly deputies, who are discussing the potential economic impacts of the move.

Economists debate whether Canada should ease tariffs on Chinese electric vehicles to spur sales and navigate trade disputes with the U.S. amidst protectionist policies and retaliatory measures.

Luxury car sales in Singapore face a downturn following a high-profile money-laundering scandal.

Azerbaijan’s transportation sector has undergone significant changes, fueled by economic growth and diversification.

Thailand is implementing a loan guarantee program for pickup trucks, a crucial segment of its automotive industry, to combat declining production and sales.

Lamborghini and Mercedes-Maybach are expanding in India as sales of super-luxury cars reach record levels, fueled by a new generation of wealthy consumers.

A collection of recent news articles from U.S. News & World Report.

House Minority Leader Hakeem Jeffries reportedly criticized the push for electric vehicles, claiming it primarily favors luxury models inaccessible to most Americans.

Despite international sanctions, Russia’s wealthy individuals continue to acquire high-end vehicles, thanks to intricate import schemes and connections with those in power.

New car sales in Spain surpassed one million in 2024, a post-pandemic milestone, yet analysts warn of significant challenges for the automotive industry in the coming years.