Nissan Motor has had a bumpy ride over the last several months. In February, it reported a plunge in profit and cut its outlook for the third time in the past 12 months as it faces declining sales. Merger talks with Honda collapsed and the company is scrambling to slash costs and cut thousands of…
Almost all automakers are going to feel a pinch from the new tariffs imposed by President Trump on Saturday on goods imported from Canada, Mexico and China. Auto manufacturers ship tens of billions of dollars worth of finished automobiles, engines, transmissions and other components each week across the U.S. borders with Canada and Mexico. Billions…
As European automakers brace for a possible trade war waged by President Trump, they are working to ward off another threat on their home turf: the prospect of paying hundreds of millions of dollars to Tesla and Chinese competitors muscling in on their core markets. Under stricter European Union regulations taking effect this year, automakers…
NEW DELHI: Amid slowdown in demand for new cars and steep discounts, the talk of a price hike by car companies in the new year has surprised other industry stakeholders as dealers grapple with large inventory.Announcements regarding price hikes towards the end of the year have become almost an annual ritual as companies resort to…