An additional 10% tax rate will be imposed on premium cars that cost 1.3 million yuan ($188,852) and more, a move that will have big implications for luxury brands like Ferrari, Rolls-Royce and Aston Martin. more
Volkswagen unveiled its all-new Arteon, the automaker's projected star at the Geneva Motor Show next March, and hinted that the premium-level vehicle could be Volkswagen's new flagship car. This is after it just recently discontinued production of its Passat CC four-door coupe, but the company stressed that more than a replacement, the Arteon is on a whole new level from its predecessor. more
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