
Volkswagen will lay off about 900 workers at two Brazilian plants in the face of sluggish demand for cars in Latin America’s largest economy.

Volkswagen will lay off about 900 workers at two Brazilian plants in the face of sluggish demand for cars in Latin America’s largest economy.

Renault will invest €240 million ($331 million) to build additional vehicle models and a new logistics centre in Brazil.

The chairman of China’s Dongfeng Motor Group said cooperation with PSA/Peugeot Citroen is not limited to certain geographical regions, and that Brazil and Russia are possible future areas.

Petrobras launched new regular and premium ultra-low-sulfur gasoline throughout Brazil on 1 January 2014, entirely replacing the previous regular and premium gasoline.

Designed to meet the growing demand for cars that are small, practical and fuel-efficient enough for increasingly urban environments, particularly in emerging markets, a production version could be launched as early as 2014.