ARGENTINA: Argentine state/automakers agree to cut taxes, prices
Argentine automakers and the government said Thursday they agreed to lower both taxes and prices on motor vehicles to help the struggling industry when a state-sponsored car purchase subsidy ends in October. "What we're discussing with the car makers is to find a way so that, in October, the elimination of this subsidy won't lead to an increase in prices," Industry Secretary Debora Giorgi told national radio.
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