Without homegrown automakers that compete on a world stage, how can a nation barely larger than Rhode Island become a world leader in a sector that is struggling to gain a foothold in other mature vehicle markets, such as the U.S.?...More
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
The hardware and software bridging blueprint and car are on display at the newly opened Visteon Innovation Center, a showroom for products now in use, nearing production or conceptualized for cars of the future....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 Department of Energy says it is clarifying applicant eligibility, improving communication and expediting its review process in its effort to revive a program offering more than $16 billion in funding....More
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