Business & Finance: British Automobiles

U. S. automobile manufacturers, provided with facilities for enormous output, are carefully studying foreign markets these days as an outlet for their production. One of the most promising foreign markets is Great Britain. The removal of the duty on imported cars there should prove an undoubted stimulus to the sale of U. S. cars. Nevertheless, there are several difficult handicaps still to be sur- mounted by our automobile exporters. First of these is the high Brit- ish horsepower tax of almost $5 per horsepower—or $100 annually, even on a Ford. The tax yields the hard-pressed...

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