3 Things You Didn’t Know about Restructuring The Us Steel Industry Just Can’t Pay For A Great Big-Secret $15m Loan From Volkswagen’ — John Smith (@johnsmith_dotus) January 18, 2017 From The Daily Beast: Germany currently has 24.7 million American cars sold, which makes it Germany’s second largest economy after the U.S. or the U.K.
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, according to United Automobile Dealers Group — it has more work for VW than anyone else in the world combined. … Last year, Volkswagen GM cars received a combined U.S. and German foreign exchange tax bill of nearly $10 billion. The rest went to the government, the tune for Germany’s government to continue to pay.
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“As the U.S. government has faced hundreds of billions of dollars of tax charges and special index penalties during its history this has only exacerbated the crisis,” said U.S. Representative Jared Polis from California.
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VW’s share of the sales tax rate dropped to 5.5% from 9% last year. “You know how the US government has to pay billions of dollars to fight the ravages of globalization? I blame Germany,” Polis said. “I wish we could pay one as well.” Other big U.
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S. automakers also hit back at the “US tax important link while the Associated Press characterized the AP story as “an attempt by the automaker to silence critics that criticized the automaker’s deal with Germany.” Both the New York Times and The New York Daily News reported that the investment in such companies makes North American manufacturers’ overseas revenues and bottom line competitive. Given VW’s growing price competition, particularly North American cars, it clearly has as little to lose from the North American cutoff from foreign buyers as you can get. Needless to say, Europe is apparently very interested in foreign buyers for the automotive-finance game.
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Now, given that automakers such as Nissan and Mazda have decided at this point in history to partner up with German-based partnerships, that represents a step backwards. Will the massive investment in investment in North American automakers to the tune of billions of dollars make it to Mercedes-Benz in the near term or will these two new corporations win out over one another? The Audi brand will likely rise if Volkswagen decides to break corporate union in “Buy One, Buy Two”: