Cars
It’s no secret that the motor vehicle sector is the largest manufacturing industry in the United States, but how big is it in terms of state and federal tax revenues?
- Chrysler Reports Net Profits For The First Time Since Emerging From Bankruptcy
On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter...
- Gm Records $6 Billion Net Loss In First Quarter, Burns $10.2 Billion In Cash
The first quarter numbers are in for General Motors and things aren't looking bright for the largest U.S. automaker as the Obama administration's June 1st bankruptcy deadline nears its end. General Motors recorded a net loss of $6.0 billion in...
- Gm Posts $4.2 Billion In Q3 Operating Loss, Says It Could Run Out Of Cash
Following in suite with Ford Motor Company that reported a $7,2 billion operating loss for the third quarter of the year, General Motors posted a $4.2 billion third- quarter operating loss and said its available cash fell to $16.2 billion on Sept. 30...
- Eu Approves $1.5 Billion Aid For The Development Of Hydrogen Cars
The European Union has approved research initiatives worth €940 million or about $1.5 billion to promote the development of hydrogen-powered cars, in an attempt to reduce air pollution and heavy reliance on imported oil. The aid is part of a €9.3...
- Honda To Create New Brand In China - First Model To Be Introduced In 2010
Honda’s manufacturing joint venture in southern China, Guangzhou Honda Automobile Co, officially announced its plans to develop a car that will be marketed under an all-new brand. This is the first time that a foreign car venture will develop...
Cars
Report Says U.S. Automobile Sector Contributed $135 Billion in Taxes in 2010
It’s no secret that the motor vehicle sector is the largest manufacturing industry in the United States, but how big is it in terms of state and federal tax revenues?
This is a question the Center for Automotive Research (CAR), a nonprofit research organization based in Michigan, set to find out on behalf of the Alliance of Automobile Manufacturers, which funded the study.
The report concluded that in 2010, the production, sales and service, and use of the automobile in the United States was responsible for generating at least $91.5 billion in state government tax revenue (13 percent of the total) and at least $43 billion to federal government tax revenues.
Read more »- Chrysler Reports Net Profits For The First Time Since Emerging From Bankruptcy
On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter...
- Gm Records $6 Billion Net Loss In First Quarter, Burns $10.2 Billion In Cash
The first quarter numbers are in for General Motors and things aren't looking bright for the largest U.S. automaker as the Obama administration's June 1st bankruptcy deadline nears its end. General Motors recorded a net loss of $6.0 billion in...
- Gm Posts $4.2 Billion In Q3 Operating Loss, Says It Could Run Out Of Cash
Following in suite with Ford Motor Company that reported a $7,2 billion operating loss for the third quarter of the year, General Motors posted a $4.2 billion third- quarter operating loss and said its available cash fell to $16.2 billion on Sept. 30...
- Eu Approves $1.5 Billion Aid For The Development Of Hydrogen Cars
The European Union has approved research initiatives worth €940 million or about $1.5 billion to promote the development of hydrogen-powered cars, in an attempt to reduce air pollution and heavy reliance on imported oil. The aid is part of a €9.3...
- Honda To Create New Brand In China - First Model To Be Introduced In 2010
Honda’s manufacturing joint venture in southern China, Guangzhou Honda Automobile Co, officially announced its plans to develop a car that will be marketed under an all-new brand. This is the first time that a foreign car venture will develop...