While China’s production of domestic and international automobiles may not be excessive they continue to be a major world automobile market influencer. In their extensive research and development of cleaner and more efficient vehicles China has surpassed many of the world’s automobile manufacturing giants. In 2011 China produced only 12,552 electric vehicle units as opposed to one year later, in 2012, when they produced 11,241 units of solely electric vehicles which raised th
SOUTH AMERICA The automobile market will grow significantly by 2025, becoming one of the top three growth markets globally for light vehicle sales and presenting opportunities for improvements in fuel efficiency and reduced CO2 emissions, according to a forecast by IHS Automotive, the leading provider of comprehensive content, expertise and insight on the global automotive industry.
IHS Automotive forecasts that nearly 2.3 million additional vehicles will be sold in South A
There are over 170 auto makers in China, compared with around 35 in the in the US. By 2018, manufacturers are expected to have a combined output of 30 million cars, which would amount to an excess of 10 million units. Chinese government efforts to reduce pollution and congestion by imposing restrictions on car buyers don’t help.
And the competition is growing. Foreign automakers, desperate to offset declining sales in Europe, are investing heavily in China. General Motors h
Jackson Barreto signs letter of intent for installation of Amsia Motors Auto plant in Sergipe, Brasil.
Without further due, it is time to set the record straight about some of the misinterpretation by various media and requires strict correction about Amsia Motors. In lieu of which the State of Sergipe has been informed promptly.
Mustafa Z. Ahmed, Chairman and CEO of Amsia Motors, signed an agreement with the government of Sergipe in Northern Brazil 27th June, Thursday to