An 11-car pile-up on the Fernan Bridge Last Monday, a terrible 11-vehicle accident happened on the Marcelo Fernan Bridge when these 11 vehicles piled up at the foot of the bridge in its steepest part. First of all, let me point out that vehicles that pile up the roadways are commonplace in areas like the United States, Canada or in Europe because of extreme weather conditions caused by merciless snowfalls that often block the sight of drivers who only get to see the stalled vehicles when it is already too late to stop. Hence a pile up of cars often happen. But last Monday in Mactan Island, the weather was perfect… therefore that road accident was something that didn’t have to happen, but it did! That Monday road incident happened simply because the majority of Cebuano drivers simply do not know how to drive their vehicles above 70 kilometers per hour. Worse, that accident happened at the steepest part of the Marcelo Fernan Bridge, which gives … [Read more...] about An 11-car pile-up on the Fernan Bridge
Check car tax
By Peter Holley The Washington Post Fri., April 6, 2018 They have fleets with hundreds of thousands of vehicles and command multibillion-dollar streams of revenue. But in the rapidly shifting transportation landscape, even the Goliaths of the rental car industry — some of the best-known brands in the world — worry about being left behind. That may explain why some of the largest rental car companies have spent several years waging a quiet legislative war against start-ups led by a company called Turo that are trying to change the way people rent and own vehicles. Turo is a peer-to-peer car-sharing company — think Airbnb for cars. Like Uber vs. the taxi industry, this fight is a clash between an old-school business model and a modern technology platform inspired by the sharing economy. The traditional model is run by hulking corporate brands that promise safety and predictability. At any airport in the land, for instance, a customer is assured he will … [Read more...] about Airbnb for cars is here — and the rental car giants are not happy.
By Katelyn Verstraten Special to the Star Mon., March 26, 2018 Buying a car is one of the biggest purchases a person can make – especially if you’re purchasing a vehicle for the first time. Do you buy new or used? How do you avoid scams? What are your rights as a buyer? To demystify the process, the Star reached out to Terry O’Keefe, director of communications and education at the Ontario Motor Vehicle Industry Council (OMVIC) and Jim Davidson, president & founder of CarSmart a Toronto-based car-buying service and consulting firm. Here are their top tips when it comes to buying a car for the first time: Do your research When buying a car from a dealer, Davidson says many people start backwards by visiting the dealership before doing research. Article Continued Below “That is the worst thing to do, because people often succumb to pressure from a salesperson, misinformation about a car, and ‘today only’ deals that … [Read more...] about Tips for how to buy your first car
The Customs Department has already proposed lowering the import duty on luxury cars from the current rate of 80% of cost, insurance and freight (CIF) to the Finance Ministry, says an informed source at the department. The move is aimed at discouraging luxury car importers from avoiding tax payments. The source did not reveal a new tax rate.Luxury car importers have complained that an import duty of 80% of CIF is too high, as the combined rate reaches 328% when other taxes -- vehicle excise tax, value-added tax (VAT) and local tax -- are taken into account. The high levy has encouraged some importers to evade or understate their tax payments.Kulit Sombatsiri, director-general of the Customs Department, said it has already submitted a proposal to the Finance Ministry for consideration, but could not disclose how the import duty will be adjusted.He said the new import duty proposal is "appropriate".After a Department of Special Investigation (DSI)'s crackdown last year on false … [Read more...] about Customs floats luxury car tax cut
I shouldn't be surprised, but Vietnam's imposition of stringent checks on imported vehicles has sent shockwaves through international automakers, local consumers and also investors who see the country as a promising destination. The new rules took effect just as Hanoi finally eliminated its 30% import tariff for automobiles from within Asean on Jan 1, two years after other developed members of the bloc. Coincidence? No. Protectionism? Absolutely.Decree 116, announced in October 2017, requires emission and safety tests to be conducted on every batch of automobiles to be imported. In the past, only the first shipment of each model would be tested. The decree also requires all models to obtain Vehicle Type Approval (VTA) certification from authorities of the exporting country. Such certification shows the vehicle meets the standards of the country it will be sold in and is normally issued by the importing country.How much more expensive will these rules make imported cars in Vietnam? … [Read more...] about Hanoi puts car policy in reverse