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Germany Passes Tax Breaks for Low CO2 Emission Cars

Pay no attention to the latest financial news. It’s time to buy a new Mercedes!
This is the message that Europe’s largest economy hopes will catch on among its citizens as Europe slides into recession. Two of Germany’s biggest manufacturers, Daimler AG and BMW are reportedly experiencing their worst slump in sales since 2005. This has prompted Daimler to announce that it will close its Mercedes-Benz factory in Sindelfingen Germany, for five weeks. Hoping to avoid a calamity, the German government has passed a new set of tax breaks for cars which meet specific emissions standards.

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