Britain Most Expensive Car Sold in £24 Millions

In Britain most ever expensive car of Britain's history sold to unknown personality, Ferrari 250 TR model of 1960's sold in £24 millions.

This car won the car was the property of formula one champion Phil Hill. who used this car for his best races on different tracks.

Ferrari expert told that Ferrari 250 TR is in the best five most expensive Ferrari models list, it was already sold in 2012 in £20.2 Millions.

A car agent brought this Ferrari car from a businessman and sold it in golden price of £24 millions and the identity of buyer still unknown.

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BMW 4 Series Coupe Model 2014 in Market

BMW new coupe model coming soon in the market, BMW coupe will surprise BMW customers who already saw the coupe 2 version.

BMW coupe new version a bit heavier and having same length of earlier coupe models, BMW changed their traditional values and manufactured 4 door model.

BMW also focused on the suspension and steering control, made few changes in the BMW coupe 2014 model. BMW company spokesman told that the customers will feel difference while driving in the coupe model 2014. He further added that the BMW saloon models having odd numbers door and BMW coupes models having even numbers door. for complete detail click here

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Tractors Manufacturers Demanded for Uplift of Tax on Tractors

The selling ratio of tractors decreased last year in Pakistan, last year government of Pakistan put tax on the tractor industry for increasing revenue but its affected the tractor industry.

The manufacturers of tractors demanded government of Pakistan for uplift of tax on tractors, they further added that the tax on tractors created difference on the production of tractors and its selling badly.

Last year government of Pakistan in budget 2013 put new taxes on production sector, tractor industry also faced new tax which changed the prices of tractors.

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Hybrid Cars Arrived in Pakistan Car Market

International car manufacturing companies looking to capture Pakistan car market for their hybrid cars, because of Pakistan government looking to find an alternative of petrol fuel.

The two famous car manufacturing companies Honda and Toyota who are sharing the car market close to 80% planned to launch hybrid cars in Pakistan.

Honda recently introduced the hybrid car Honda CR-Z sports which already got popularity in international car market. Honda CR-Z sport car is totally hybrid and can be better alternative of petrol cars, its expensive but its that car which the government of Pakistan was eying. Honda company introduced their first hybrid car in Pakistani market.

Toyota company already introduced the hybrid car in Pakistan, Toyota Prius who is still new in Pakistani car market but in future it will be profitable for Toyota.

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Cuba lifted Car Regulations after Six Decades

Cuba government lifted the sanctions on the car selling purchasing process after the six decades, the government gave the permission to feel free in selling and purchasing cars.

The government of Cuba was discussing on sale and purchase regulations from 2011, after 2 years debate they changed the regulations which were imposed since 1959 after the Cuba revolution.

The cars regulation was included in 300 new reforms made by the Cuba president Raul Castro, he added that this will help the private business.

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Jaguar Land Rover will Open new Plant in Brazil

The UK famous car manufacturers company Jaguar Land Rover announced to open a new plant in Brazil, it will be capable of producing 24000 units in a year.

The Jaguar Land Rover having a plan to invest 240 million Pounds sterling on the factory construction and the desired factory will be able to produce car products in 2016.

The announcement was made by the chief executive of Jaguar Land Rover company Dr Ralf Speth, he told that the Brazil is emerging economy of the world and there are customers there who like the premium car products.

Jaguar Land Rover company also opening new plant in China and also increasing workforce in UK, 1700 workers will be included in UK factory and 1.5 billion Pound invested for increasing production capacity. Check for more detail visit www.bbc.co.uk.

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Ford Announced to Enhance Workforce Next Year 2014

Ford announced to expand work force in Asia and US, 5000 workforce will be hired in US and 6000 workforce will be hired in Asia.
Ford will launch 2 new plants in China, planning to launch 23 new vehicles in all over the globe. it will be the 100 percent more than the previous year 2013.

Ford expansion of workforce for next year is the all time massive expansion and this announcement was made by the Ford company president of US John Hinrich's.
Ford company planning to launch Changan assembly plant and Changan transmission plant in China next year and it will enable company production 300,000 units per year.

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Capital Value Tax Impacted on Cars Industry

The new tax named as capital value tax created impact on selling and buying cars, the tax will boost the price of cars. 

The small cars like Suzuki and Cuore prices after capital value tax will enhanced more than 10000 further. The big cars like Toyota and Honda car prices will be increased approximately 30000 on per sale. 

The common man annoyed after this further burden on him the cars dealers also rejected this government new tax. They demanded government of Pakistan to uplift this tax on cars because it influenced on car markets.

Government officials replied on car dealers demand that if a person can buy a car whose value is near to one million rupees he also can afford capital value tax. 

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Suzuki in Pakistan Increased Prices after the fall of Pakistani rupee

Suzuki in Pakistan Increased Prices

Suzuki increased its cars prices 10,000 to 20,000 in Pakistan. Suzuki increased its prices due to the fall of Pakistani rupee against the US Dollar. 

The Pakistan Suzuki Motors Company(PSMC) told the media in press conference, the price increased because the car parts are exported from other countries like China and Thailand. The Payment of purchased car parts are done in US Dollars. But in few months the US Dollar value increased in Pakistan, they have to buy car parts in US Dollar so we could not afford burden over company business. 

On the other side Chairman of All Pakistan Motor Dealer Association(APMDA) called this act unfair, argued it was not required. The chairman said the Suzuki purchased its car parts from cheap markets and they increased prices in a year 3 times. 

According to common people they named it as monopoly of 3 car companies in Pakistan, Toyota, Honda and Suzuki. They hold all market share and when they exercise this in every 5 or 6 months.

By this act of Suzuki company the prices of Mehran, Van, Bolan, APV, Cultus, Laina and Swift increased, these prices are effective from 1 October 2013 in Pakistan.

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