by Christoph Steitz, Edward Taylor, Andreas Cremer in FRANKFURT and Samuel Shen in SHANGHAI
Three German car parts suppliers have been told by China they can no longer manage their Chinese units independently but need to form partnerships with local peers, the chief executive of auto parts maker ElringKlinger told a German paper.
Volkswagen plans to launch the eighth generation of its best-selling Golf compact in 2017, just five years after launching the present model, a German magazine reported.
By YURI KAGEYAMA
Toyota is bringing back the Land Cruiser 70 in Japan, catering to nostalgic demand for the rugged off-roader that’s favored for challenging terrains and as an aid agency vehicle in disaster zones.
Russia’s AvtoVAZ said today it plans to cut production of its Lada cars in the next three months by 25,000 because of rapidly declining demand for new vehicles in the country.
KRET, part of Rostec, has developed the FORA universal charging stations for the rapid charging of electric vehicles in Russia and abroad. Prototypes will be presented at the KRET pavilion during the 3rd international forum Engineering Technologies-2014.
