JAC Motors will take control of its Chinese subsidiary in Brazil. Currently, led by Habib. The businessman has 66% of the shares and the Chinese holds the remaining 34%, but this ratio will be reversed soon.
China broke the overall record of number of vehicles sold in a single year in 2013. According to data from the China Association of Automotive Automakers (CAAM), 21,984,100 units were sold during the 12 months of last year.