Renault, a latecomer to China, could sell up to 800,000 vehicles annually in the country, CEO Carlos Ghosn said.
Renault will open a factory in Wuhan, China, with Dongfeng Motor in 2016 with an initial annual capacity of 150,000 units that can be doubled if there is enough local demand.
European Union officials in Brussels can now shuttle between policy meetings without burning fuel, thanks to a new fleet of electric-powered taxis made in China.
Six years after the recession forced millions of Americans to postpone buying a new car or truck, a forecast released Wednesday predicted retail auto sales in the U.S. will climb to a record high in 2015.
Car sales in Europe rose 6 percent in September, helped by automakers’ price cuts and strong demand in the region’s top markets of Germany, the UK and France.
New passenger-car registrations in the EU and the countries of the European Free Trade Area (EFTA) increased to 1.27 million vehicles last month, industry association ACEA said today in a statement.
Mercedes-Benz has issued a recall for the new C-Class over a potential steering fault. The C-Class recall will affect more than 8000 cars, built between 17 January and 22 September 2014.
