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Tax-Cut Fuelled China Car Sales Growth Adds $0.26 To Our 2016 General Motors EPS Estimates

2015-11-06 17:31:37| Auto Dealers - Topix.net

Ever since September 30th when the Chinese government announced it would cut car sales taxes from 10% to 5% for all vehicles with engines smaller or equal to 1.6 liters in size until the end of 2016, it was clear that General Motors' China unit would benefit from this change. Afterall, for GM China a total of 30 carlines or 128 trim-levels qualify for this tax cut.

Tags: general sales china car

Category:Automotive

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