JLR margin math wobbles on twin hit from China tax, EU-US commerce deal transfer
Beginning July 20, China imposed 10% luxurious consumption tax on vehicles priced over 900,000 renminbi. This covers a lot of the fashions offered within the Chinese language luxurious automotive market. Earlier, solely vehicles priced above 1.3 million renminbi attracted the levy from the Chinese language authorities. The timing of the dual hits might hardly be … Read more