Under the agreement, Chongqing will provide tax breaks and other incentives for the plant, Beijing Hyundai’s fourth in the country. Construction could begin late this year, with production launching in 2016....More
Industry representative Nico Vermuelen says he believes most automakers are in South Africa to stay, as the country has a relatively developed economy and can be used as a base for selling cars in the rest of Africa....More
The company has 10 chassis without EV powertrains that came directly from bankrupt Fisker, 15 it bought itself to gut and Karmas owned by individuals who want to change from electric to V-8 power....More
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