Brazil: Injunction on higher tax for Hyundai lifted

A federal judge has reversed a lower court's injunction concerning Brazil charging higher import taxes on South Korean vehicle manufacturer Hyundai's local importer, Hyundai CAOA. As a result, the country will again charge Hyundai higher import taxes on Hyundai vehicles, Dow Jones Newswires said, citing the country's Finance Ministry. Hyundai's local Subscribe to Automotive World … Continued

• By Webmaster
• December 29, 2011