#1 Cuba opens up sale of new, used vehicles by Eglman 19.12.2013 11:16

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Must have been one of the deals that Raul and Obama hammered out to get rid of the Chevy Volt surplus

HAVANA (Reuters) -- For the first time since the 1959 revolution, Cubans will have the right to buy new and used vehicles from the state without government permission, official media announced on Thursday, another step toward greater economic freedom on the communist-led island.

Under a reform introduced two years ago, Cubans can buy and sell used cars from each other, but must request authorization from the government to purchase a new vehicle or second-hand one, usually a relatively modern rental car, from State retailers.

The Communist Party newspaper, Granma, said the Council of Ministers approved new regulations on Wednesday that "eliminate existing mechanisms of approval for the purchase of motor vehicles from the state."

As a result, Granma said, "the retail sale of new and used motorcycles, cars, vans, small trucks and mini buses for Cubans and foreign residents, companies and diplomats is freed up."

The Cuban state maintains a monopoly on the retail sale of cars.

-SNIP-

Read more: http://www.autonews.com/article/20131219.../#ixzz2nvyxuQBi
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#2 RE: Cuba opens up sale of new, used vehicles by Frank Cannon 19.12.2013 12:11

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I sure as hell wouldn't be trading in my '59 Cadillac for some non discript POS econobox.

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