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.
PSA Peugeot-Citro?n confirmed on Wednesday, February 19, the conclusion of an agreement with Dongfeng Motor Group. The Dongfeng and the French government will invest approximately € 800 million each in the group.