Massive Auto Restoraton Shop in the Philippines

[Jim_Hauls]

Billy,

No offense intended but:

"Lemberg said the shop does not have to compromise on its work because of labor costs."

“Clark is a tax-free zone, so I can import cars, restore and export them without paying taxes — I only pay tax on profit made restoring them. The economy and tax advantages in the Philippines allow me to turn commercially unviable projects into very profitable ones .”

"Byrnes’ shop also is doing a project for a California rental-car company, restoring 30 1964-65 Ford Mustang convertibles and 40 1969-70 Mustang coupes, which will return to the road with “modern mechanicals.”

It's one thing to set up a large scale che@p ass operation to put together cars for your own personal
collection - it's quite another to do it on the cheap to avoid paying taxes and labor costs when you
are in the business of selling those cars.

The name of the California rental-car company should be made public - I would not rent one of those cars.


Jim