First-year output at the plant will be about 2,000 units, mainly of the British MG brand owned by SAIC since 2005. The JV is withholding details of investment in a second factory until the first reaches full production....More
The program offers a 6-year tax break to automakers that produce at least 100,000 vehicles annually from the fourth year and meet standards for minimum investment, carbon-dioxide emissions and fuel efficiency....More
The partial transfer of production from plants in Sweden and Belgium to facilities elsewhere in Sweden and in France are part of the truck maker's effort to raise operating margins 3 percentage points, to just under 12%, by the end of 2015....More
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