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Chevrolet expanding into South Korea
Thu, 29 Apr 2010Chevrolet, the most famous and best-selling General Motors brand, will expand into South Korea in 2011, the automaker said on Wednesday. Enthusiasts in South Korea are in for a treat: At the Busan International Motor Show where the announcement was made, Chevy showed a Camaro, which will be one of the products offered. Last year, Chevy accounted for 44 percent of GM's global sales and saw a sales increase of 21 percent over the previous year.
BMW to expand Mini lineup, looks at second assembly plant
Mon, 09 Jul 2012BMW said it will increase Mini's model lineup to up to 10 vehicles while boosting the brand's production capacity in the U.K. and at a new contract manufacturing site, likely to be in the Netherlands. BMW will invest $388 million in its U.K.
Panasonic invests $30 million in Tesla Motors to develop batteries
Thu, 04 Nov 2010Japanese electronics giant Panasonic Corp. said late Wednesday it invested $30 million in Tesla Motors Inc. to cooperate on green powertrain development.