Tag: Auto industry
Losses in China lead to $5Bn charge for General Motors as it cuts assets value
DETROIT -- The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring...
Stellantis CEO Carlos Tavares resigns as carmaker continues to struggle with slumping sales
NEW YORK -- Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns...
Volkswagen and Chinese partner SAIC to sell joint venture plant in west China's Xinjiang
BANGKOK -- BANGKOK (AP) — Volkswagen and Shanghai's SAIC Motor have agreed to sell a factory in China's far western Xinjiang region that...
Auto industry's shift toward EVs is expected to go on despite Trump threat to kill tax credits
DETROIT -- If President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases, it's likely that...
Engines on 1.4 million Honda vehicles might fail, so US regulators open an investigation
DETROIT -- The U.S. government's highway safety agency is investigating complaints that engines can fail on as many as 1.4 million Honda and...
Germany's economy is in trouble. The government's collapse and Trump's return bring more risk
WARSAW, Poland -- WARSAW, Poland (AP) — The collapse of Germany's governing coalition and President-elect Donald Trump's imminent return to the White House...