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.
Volkswagen released oo financial report of fiscal year 2013, and it was revealed that Porsche enjoyed an operating margin of 18%. This means that the Stuttgart brand has on average about U.S. $ 23,200 per car sold, according to BusinessWeek publication.