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.
Matthias Muller, CEO of Porsche has revealed his desire to have a line of seven vehicles, stating that most cars have a life span of seven years. M?ller said that if Porsche had seven models, the company could make a big event every year.