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.
Peugeot has announced that production of the second generation of the 308 will increase as a result of strong demand. The new 308 has been doing successfully in Europe, considering that the model has received 60,000 orders since its introduction in October 2013.
The motor racing fans are ecstatic today (4), with the launches at the Geneva show, the models 919 and 911 RSR Hybrid, which will contest the 2014 WEC (World Endurance Championship) season in LMP1 category and GTs, respectively.