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.
Hyundai's advertising campaign linked to the performance of the Brazilian National Team in the 2014 World Cup angered Volkswagen, official sponsor of the team. The German automaker said it has contacted the Brazilian Football Confederation (CBF) for clarification.
Ferrari caused a stir in 2013 by revealing the LaFerrari, its new supercar, the successor to the classic Enzo. She fell in love the public and even with the hefty price tag of $ 1.4 million, the 499 units were sold within months.