Four automakers agreed to a $553 million settlement to address class-action economic loss claims covering owners of nearly 16 million recalled vehicles with potentially defective Takata airbag inflators,

 Back in 2008, with gas prices averaging nearly $4 a gallon, President Barack Obama set a goal of getting one million plug-in electric vehicles on the roads by 2015.

The Government’s already-approved development strategy for the auto industry could help Vietnam meet domestic demand and join the world’s production chain but specific policies must be in place to help the nation realize preset goals.

 State to keep stake in equitised SOEs; Revised law prioritises local contractors; Local auto makers toast jump in January sales; Oversupply forces cement producers to look abroad; Vietnam-Japan trade hits 25.6 bln USD

VietNamNet Bridge – Automakers will continue to bring high-end cars into Vietnam although the domestic market is described as small and business development has not been favorable as expected, especially in the context of economic woes.