A Swedish court rejected an application from China’s National Electric Vehicle Sweden (NEVS), which bought bankrupt Saab in 2012, for protection against creditors while it concludes funding talks.
Russia pledges €207 million to resume car scrappage scheme
The Russian government will earmark 10 billion rubles (€207 million) to fund incentives for new vehicle purchases this year, the industry minister said on Thursday, offering long-awaited relief for the crisis-hit auto market.
CAS says nerve center defect behind Chrysler problems
By Jeff Pegues
Some Chrysler owners say their car has a mind of its own. Some have been recording video of their cars going haywire.
Kia announces plans for $1 billion auto plant in Mexico
By David Undercoffler, Tracy Wilkinson
Kia Motors will open a $1 billion auto plant in northern Mexico in 2016, with the capacity to build 300,000 vehicles annually, Mexican President Enrique Peña Nieto announced Wednesday.
