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.
The PSA Peugeot Citroen has reduced vehicle production in Porto Real (RJ) by 28% and, on that account, 650 employees away from one of three shifts that operate at the factory. The reasons for this action were falls in exports to Argentina, the reduction of domestic sales and foreign exchange problems.
Ford is working on the development of a 3.0 V6 diesel engine for the recently launched new generation of F-150 pickup. The news was revealed by the website The Truth About Cars, citing internal sources of the automaker, who maintained anonymity.