Japanese car makers Honda and Nissan are reportedly in talks about deepening their ties to cope with increasing competition. According to a report by Nikkei Asia, the two automotive giants are considering joint car production and a possible merger.
Honda and Nissan previously struck a...
Automaker General Motors (GM) will slash its workforce by more than 1,000 employees, according to multiple reports. The job cuts will primarily be focused on the company’s Software and Services division.
The layoffs are reportedly not part of the company’s cost-cutting strategy. Instead, the decision...
China is aiming to continue its manufacturing boom, boosting electric vehicle (EV) production to drive this initiative forward. Vice Finance Minister Liao Min claimed that this push would help to contain inflation while fighting climate change.
"For decades, China has been a force of disinflation...
Ford reported its financial results for the second quarter on Thursday, missing estimates. The automaker reported a Q2 revenue of $47.8 billion, exceeding $43.37 billion estimates compiled by Bloomberg. While revenue beat estimates and rose 2.9% on an annual basis, the company's profit disappointed.
Net...
Nissan Motor announced on Sunday that it would begin selling electric vehicles (EVs) developed in China, exporting them to global markets. This comes after the Japanese automaker announced that it had entered into a partnership with China's top university, Tsinghua University, to focus on...
Harmonic Drive Systems, a Japanese maker of speed reducers, confirmed that Toyota Motors is set to sell its entire share in the company. Following last week's announcement that Toyota would divest a stake in supplier Denso, this latest development has spurred hopes that Toyota...
