JAC Motors will take control of its Chinese subsidiary in Brazil. Currently, led by Habib. The businessman has 66% of the shares and the Chinese holds the remaining 34%, but this ratio will be reversed soon.
China maintained its global leadership in automotive industry sales in January 2014. According to consulting firm JATO Dynamics, the country has had an impressive growth of 7.6% in the month compared to the same period of 2013, totaling over 2 million units sold in the first month of this year.
After presenting the T-Roc at Geneva, Volkswagen begins to consider making the concept car. According to the company's CEO, Martin Winterkorn, VW will ask their clients about the model and if the answer is positive, the car can be produced.
The PSA Peugeot Citroen has reduced vehicle production in Porto Real (RJ) by 28% and, on that account, 650 employees away from one of three shifts that operate at the factory. The reasons for this action were falls in exports to Argentina, the reduction of domestic sales and foreign exchange problems.