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April new car sales in Europe post gain for first time since Sep 2011 due to two more working days

Green Car Congress

In April, sales of new passenger cars in Europe grew for the first time (+1.7%) since September 2011, according to figures from the European Association of Automobile Manufacturers (ACEA). Germany (+3.8%), Spain (+10.8%) and the UK (+14.8%) expanded, while France (-5.3%) and Italy (-10.8%) faced a downturn.

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ZAP Acquires 51% Stake in China’s Jonway Auto in Focus On China EV Market; Plans Acquisition of Other 49% in Second Phase

Green Car Congress

According to the terms of the definitive agreements, ZAP has the right to acquire the remaining 49% of Jonway Auto at the same valuation by 30 March 2011 or at a then current valuation after that date. The new company creates an integrated worldwide sales and manufacturing operation. —Steve Schneider, CEO of ZAP Jonway.

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