Rolls-Royce

DSTA, Rolls-Royce to collaborate on digital technology

SINGAPORE (July 24): The Defence Science and Technology Agency (DSTA) and Rolls-Royce jointly announced that they will be collaborating on a digital technology project to boost efforts in the development and deployment of new technologies to optimise engine maintenance.

This follows the signing of a memorandum of understanding (MOU) to partner on digital service solutions at the Farnborough Air Show in UK earlier in July 2018.

China hikes tax on 'super cars' amid luxury crackdown

Image: Reuters

SHANGHAI/BEIJING (Dec 1): China will impose an extra 10 percent tax on super cars and other luxury models costing 1.3 million yuan ($0.27 million) and above, in a bid to rein in lavish spending and to reduce emissions, the ministry of finance has said.

The new tax rate will potentially effect pricing for top of the range models from carmakers like BMW, Daimler AG's Mercedes-Benz and Audi AG, as well as super high-end brands like Ferrari, Aston Martin and Rolls-Royce.

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