Mercedes W140 Closing Aid Vacuum Pump 140 800 17 48 S320 S420 S500 S600 on 2040-parts.com

Electric Cars now VAT free in Iceland

Electric Cars in Iceland now VAT free The Icelandic Government has decided to remove VAT on electric cars to bring EV costs in line with ICE prices. We don’t believe that Governments should be promoting EVs and Hybrids by giving tax breaks to buyers. In a country like the UK – and most other countries – promoting EV cars at the taxpayers expense is a nonsense.

Volkswagen to buy 42 percent of Porsche, full merger planned

Volkswagen will buy 42 percent of Porsche's sports-car business en route to a full merger by the end of 2011, the companies announced Thursday. VW will pay $4.7 billion for its initial stake in Porsche. It positions the new company to have 10 brands and global sales of 6.4 million, and Volkswagen CEO Martin Winterkorn is likely to lead the entity.

Chrysler, Nissan postpone plans to share two vehicles

Chrysler LLC and Nissan Motor Co. have postponed plans to share a North American-built small car and a full-sized pickup until they can reduce costs. A third vehicle-sharing project, in which Chrysler will sell a version of Nissan's compact Versa sedan, will continue on schedule, the companies said late Thursday.