The automakers, Japan’s second and third largest, are said to be discussing a tie-up that could reshape the country’s industry.
Category: Automobiles
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Automakers Thrived in the Pandemic. Many Are Now Struggling.
Changing technology, political turmoil and competition from China are cutting into profits and forcing carmakers to cut jobs and close factories.
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G.M. Will Stop Developing Self-Driving Taxis
The company said it would now focus its efforts on developing fully autonomous vehicles for personal use.
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G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.
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G.M. Will Sell Stake in EV Battery Plant to LG
LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.
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C.E.O. of Stellantis, Owner of Chrysler and Jeep, Resigns
The company, facing slumping sales, announced that Carlos Tavares would step down immediately and that a new chief would be appointed early next year.
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For Canada, Trade Tumult From Trump’s Return Has Begun
While the president-elect says he will impose a 25 percent tariff on everything Canada exports, Trudeau remains confident about forestalling that outcome.
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BYD and Rivals in China Tell Suppliers to Cut Costs Amid Price War
China’s electric vehicle market is the world’s largest — and also its most cutthroat, with dozens of brands jostling for position.
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Volkswagen Says It Is Exiting China’s Xinjiang Region After 12 Years
VW and its joint venture partner, SAIC Motor, are transferring an assembly plant and test tracks after years of criticism from human rights activists.
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Trump’s Tariffs Would Deal a Big Blow to the Auto Industry
Automakers and parts suppliers would struggle if President-elect Donald J. Trump followed through on his threat to impose 25 percent tariffs on imports from Canada and Mexico.