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.
BMW announced that it will make an important "product announcement" on the 28th. Without giving too many details, the brand has just confirmed that the event will be held at the Spartanburg plant, in southern California, in the United States.
The Volkswagen Group is working to raise the standard of the Skoda brand. The information was revealed by Winfried Vahland, CEO of the brand originates from the Czech Republic, the website Automotive News Europe.