Auto rebates, cash-back coupons don t stop tax bite (Fort Wayne

Auto rebates, cash-back coupons don t stop tax bite (Fort Wayne Journal Gazette)
WASHINGTON The recent explosion of cash-back coupons and rebates on the sale of cars and trucks has done great things for automobile manufacturers, for consumers, and largely unnoticed for many state tax collectors.

GST collection: 'VIN chip' made mandatory for new cars SOHAIL SARFRAZISLAMABAD (September 15 2005): The Central Board (Business Recorder)
ISLAMABAD (September 15 2005): The Central Board of Revenue (CBR) has made mandatory the installation of 'vehicle identification number' (VIN) chip in the newly manufactured cars to ensure proper GST collection.

Buying used? Beware car from flood (Cincinnati Enquirer)
GRAND RAPIDS, Mich. - In the market for a good used car? Watch out for vehicles that sat submerged for days in Gulf Coast cities ravaged by Hurricane Katrina.

Assemblers step up fight vs used auto importations (Manila Bulletin)
Allowing the entry of imported used motor vehicles into the country will upset existing automotive investors as well as discourage the entry of additional investments into the country, local automotive assemblers and industry stakeholders yesterday warned.

Advance Auto Parts Announces Acquisition of Autopart International, Inc. (Business Wire via Yahoo! Finance)
Advance Auto Parts, Inc. , a leading automotive aftermarket retailer of parts, accessories, batteries, and maintenance items, announced that it has acquired all the stock of Sharon, Mass.-based Autopart International, Inc. in an all-cash transaction that closed today.

Buyer beware of cars damaged by flooding (The Buffalo News)
In the market for a good used car? Watch out for vehicles that sat submerged for days in the flooded streets of New Orleans, Biloxi or other Gulf Coast cities ravaged by Hurricane Katrina.

Asbestos fund would quickly go broke: study (Reuters via Yahoo! News)
A $140 billion asbestos compensation fund being considered in the U.S. Senate would be swamped by more than double that amount in claims and go broke within three years, according to a study released on Monday.

Financier plans auto parts giant (Detroit Free Press)
A New York investment mogul has launched a bold plan to create the world's largest auto supply company -- and make him one of the most influential figures in the industry. Wilbur L. Ross Jr., a financier famous for taking over companies in distressed industries, turning them around and then selling them, has begun buying stakes in several auto suppliers, he told the Free Press on Thursday.