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Honda, Nissan Look To Join Forces To Create One Of The World’s Largest Automakers

TOKYO (AP) — Japanese automakers Honda and Nissan have announced plans to join forces, forming world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also […]

Japanese Automakers Set to Merge

TOKYO, Dec 18 (News On Japan) – Two of Japan’s leading automakers, Honda and Nissan, are reportedly advancing discussions on a management integration. The backdrop to this significant development appears to involve growing competition from China. According to sources, Honda and Nissan are planning to establish a joint holding company under which both automakers would […]

Chinese automakers avoid EU’s EV tariffs with hybrid vehicles

Chinese automakers are increasing hybrid exports to Europe to avoid the European Union’s tariffs on China-made electric vehicle (EV) imports. Euro News said China’s top automakers—BYD, SAIC, and Geely—increased their hybrid vehicle exports to Europe. The increase in hybrid vehicle exports comes after the European Union approved the implementation of EV tariffs on China-made vehicles. […]

GM and other US automakers would take big hit from Trump tariffs

Trump’s tariffs could raise SUV and pickup truck prices for U.S. consumers Tariffs seen by some analysts as negotiating tactic linked to immigration and drug issues Mexican President Sheinbaum warns tariffs could worsen inflation, kill jobs By Cassandra Garrison, David Shepardson, Ben Klayman MEXICO CITY/DETROIT, – U.S. President-elect Donald Trump’s plan to slap a 25% […]