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EU exit may lead to 10% tax on UK-built cars: Toyota

  Bloomberg Toyota Motor Corp., the world’s largest automaker, warned a withdrawal by Britain from the European Union may lead to levies of as much as 10 percent on the cars it builds in the U.K. Brexit would challenge Toyota to cut costs or make its cars more expensive and hurt sales, the automaker said in a letter on Monday ...

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Brexit leads to uncertainty in trade deals, says Jaguar

  Bloomberg Jaguar Land Rover said a withdrawal by the U.K. from the European Union could mean new trade deals will have to be negotiated both within the region and beyond, resulting in uncertainty. Leaving the EU would be “highly damaging” and make the U.K.’s biggest carmaker’s products less competitive in Europe, JLR Chief Executive Officer Ralf Speth said in ...

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Spain joins forces with India’s Bollywood to boost tourism

  Madrid, Spain / AP Spain is coaxing Indian moviemakers to use its colourful fiestas and historic monuments as settings for their films, in a move to grab a bigger share of India’s fast-growing overseas tourism market. As part of its bid to lure visitors from the world’s second most populous country, Madrid will host next weekend the annual International Indian ...

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