Tag Archives: green car subsidies

Nissan, Hyundai Named in China’s Green Car Subsidies Scandal

China has accused more than 20 additional car makers, including Nissan and Hyundai, of breaking rules on green car subsidies, according to a state media report, widening a scandal over a $4.5 billion annual payout program. The ministry said it would revoke the production license of Suzhou Gemsea Coach Manufacturing, while the other four firms would be fined. The companies

Read more