Toyota plans new US$1.2 billion EV plant in the Chinese city of Tianjin

Tianjin is a port city in north-eastern China, in Hebei province. Population of 5+ million.

Reuters »

The joint venture between Toyota and FAW plans to invest around 8.5 billion yuan ($1.22 billion) in the planned car plant in Tianjin, according to a document issued by authorities of the China-Singapore Tianjin Eco-city.

The plant will have manufacturing capacity of 200,000 new energy vehicles a year, the document showed. In China, new energy vehicles include battery-only, plug-in hybrid and fuel-cell vehicles.

More » Gasgoo

The 10 cars you are most likely to trade in within a year of purchase (and the 10 you are most likely to keep the longest)

More Mercedes-Benz C-Class models are purchased and sold or traded-in during the first year than any other model.

Paul A. Eisenstein, writing in The Detroit Bureau »

Some cars look great – until you actually buy them, and then, suddenly, you discover any number of reasons why you want to trade them in in a hurry.

For a variety of reasons, about 3% of the vehicles American motorists buy new will be sold or traded in during their first year of ownership. But a new study by iSeeCars found that the figure runs substantially higher for some products.

The top 10 cars you are likely to trade-in or sell the soonest included eight German and British luxury cars, two Nissans, but no traditional American brands »

  1. Mercedes-Benz C-Class
  2. BMW 3-Series
  3. Land Rover Discovery Sport
  4. Land Rover Range Rover Evoque
  5. Mini Clubman
  6. BMW X1
  7. BMW X3
  8. Nissan Versa Note
  9. Jaguar XF
  10. Nissan Versa

Here are the 10 cars you are most likely to keep the longest »

  1. Toyota Land Cruiser
  2. Chevrolet Corvette
  3. Mercedes-Benz SL-Class
  4. Audi TT
  5. Ford Expedition
  6. Ford Mustang
  7. Toyota 4Runner
  8. Porsche 911
  9. Toyota Sequoia
  10. Toyota Avalon