Bloomberg Industrywide demand for passenger vehicles in India will be depressed for a few months after Prime Minister Narendra Modi’s unprecedented cash clampdown, according to senior executives at Tata Motors Ltd. and Honda Motor Co. The cash crunch, following the withdrawal of high-denomination banknotes, has hurt consumer sentiment and is expected to continue through March, Mayank Pareek, president of passenger ...

  Bloomberg China will raise the sales tax on small cars to 7.5 percent, curbing an incentive that has propped up the auto industry, which is heading for its 26th consecutive annual expansion, according to people familiar with the matter. The tax rate is less than the 10 percent originally scheduled to take effect from January. However, it is an ...

  Cleveland / AFP At a photography studio in Cleveland, instructor Nicole Follen is trying to convince her students to step back in time and technology —to the age of the humble Polaroid. She wants the students to create something they can touch and feel —perhaps even something that – gasp —isn’t perfect. So, she guides her class in how ...