The EU Commission has opened an investigation into the new car manufacturing plant by the Chinese firm BYD in Hungary. The focus of the probes is drawn by concerns on the possibility of the project having benefitted from subsidies outlawed under the laws of the European Union and hence gave an unfair inclination to the competition. Chinese automaker BYD is...
Isuzu Motors Limited, a company based in Japan, is planning to establish a $280 million production unit in South Carolina in what would be considered a strategic shift in its production focus to the North American commercial vehicles market segment. Expected to commence by 2027. The assembly plant will have a potential output of 50,000 automobiles per year, helping to...
One of the most powerful and fastest hypercar ever built sitting close to Koenigsegg`s Agera RS, and the successor of the Veyron, is the Bugatti Chiron, a technological marvel, which has recently left the production factory with a tag price of €2.85 million, without tax. What makes this model special is that it`s the 100th hypercar to leave the carmaker`s...
The Volkswagen German based automaker is ready to head to Thailand, where an impressive factory is due to be built, under the Eco2 program that Thailand has successfully initiated. We are talking about a report taken from a German newspaper stating that Thailand would have approved the building of a factory belonging to the Volkswagen Group. Volkswagen Reported to Build...
Mercedes have just announced that their big luxury sedan is no longer in production. Before the rivals get too happy, this is not the end. Nor is it the beginning of the end. This is simply a pause in between the punches for Audi and BMW. Mercedes' S Class is due for a replacement soon. Mercedes S Class By 2013,...
It's not a secret to anybody that the world's wealth is moving east but Mercedes isn't completely sure about a production plant in Russia. The bosses at Mercedes-Benz AG have decided to hold of on making a decision about the factory they could make in Russia. The Mercedes sales and marketing boss Joachim Schmidt said that the possible Russian factory...
