Volkswagen Group is considering setting up a planning center in Brazil to boost flagging sales in the world’s fourth-largest car market, sources told Reuters.
Slowing growth in Brazil, once one of the most dynamic emerging economies, and an aging model fleet have weighed on VW. Sales have plunged 18 percent in the first half to 271,700, after a 13 percent decline in 2013.
By Nick Carey and Bernie Woodall
The news about deadly crashes linked to a faulty ignition switch, followed by wave upon wave of recalls, did not bode well for General Motors dealers earlier this year. It conjured visions of worried, frustrated drivers pouring onto lots like Raymond Chevrolet, outside of Chicago.
The German tuning company is hard at work on a faster, beefier version of the all-new Smart ForTwo city car and it could hit the streets in early 2015.
Automobili Turismo e Sport (ATS) built cars back in the 60s for few years. Now the brand is back in business and here is their new Leggera two-seat roadster, that was previewed last November, ready for market launch.
BASF Shanghai Coatings Co., Ltd. opened its new automotive coatings plant at the Shanghai Chemical Industry Park in Shanghai, China.
