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
With the market perched precariously on the downside, the Victoria Automotive Chamber of Commerce is demanding to know if the federal government is going to lower import restrictions on used vehicles....More
GM’s March deliveries rose a respectable 8.1% from year-ago, but its share fell to one of its lowest ever for any month to 16.7%. The drop coincided with widely publicized recalls that occurred during the month....More
The March results pulled the French market, Europe’s second-largest, ahead for the year 2.6%. While sales are rising, they still are low historically, and 2013 was France’s worst year in two decades....More
Driven by special sales and lease deals, reduced-rate financing and a $1,000 fuel-card incentive, diesels accounted for 26.6% of VW deliveries, marking the automaker’s best March ever for TDI sales....More
Co-owner and Chairman Li Shufu, whose Zhejiang Geely Holding Group bought Volvo from Ford in 2010, tells a Swedish newspaper he aims for 800,000 annual sales by 2020, almost double last year's volume....More
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