automotive-industry
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BusinessFactbox-Europe’s Embattled Auto Sector Plans Plant Closures and Layoffs
BusinessHonda, Nissan Aim to Merge by 2026 in Historic Pivot
BusinessHonda, Nissan Aim to Close Merger Talks in June 2025, Source Says
UK Car Manufacturing Hits 44-year Low in November, Industry Data Shows
Date: December 20, 2024
(Reuters) – UK car manufacturing hit its lowest November output since 1980, as the industry grapples with the shift to zero-emission vehicles and rising costs, according to data released Friday by the Society of Motor Manufacturers and Traders (SMMT). Factory lines produced 64,216 units in November, a 30.1% drop from the previous year. “While a...
Behind a Potential Honda and Nissan Tie-Up, the Existential Threat Posed by Chinese EVs
Date: December 19, 2024
By Kantaro Komiya, Yoshifumi Takemoto TOKYO (Reuters) -Some unions are born of necessity, others from convenience. In the case of Honda and Nissan’s potential merger, it is mostly defensive as Chinese rivals take the world by storm. While the challenge from China’s seemingly boundless EV expertise looms large for all traditional automakers, for Japan it...
European Car Sales Fall in November, Led by France and Italy, Acea Says
Date: December 19, 2024
By Andrey Sychev and Alessandro Parodi (Reuters) – New car sales growth in Europe turned negative again in November, after showing a meagre growth in October, weighed by sharp declines in France and Italy, and a stagnation in Germany, industry data showed on Thursday. The slowdown in electric vehicle (EV) sales was only partly offset...
Behind a Potential Honda and Nissan Tie-Up, the Existential Threat Posed by Chinese EVs
Date: December 19, 2024
By Kantaro Komiya, Yoshifumi Takemoto TOKYO (Reuters) -Some unions are born of necessity, others from convenience. In the case of Honda and Nissan’s potential merger, it is mostly defensive as Chinese rivals take the world by storm. While the challenge from China’s seemingly boundless EV expertise looms large for all traditional automakers, for Japan it...
European Car Sales Fall in November, Led by France and Italy, Acea Says
Date: December 19, 2024
By Andrey Sychev and Alessandro Parodi (Reuters) – New car sales growth in Europe turned negative again in November, after showing a meagre growth in October, weighed by sharp declines in France and Italy, and a stagnation in Germany, industry data showed on Thursday. The slowdown in electric vehicle (EV) sales was only partly offset...
Honda, Nissan Move to Deepen Ties, Sources Say, Including Possible Merger
Date: December 18, 2024
By Maki Shiraki and Norihiko Shirouzu TOKYO (Reuters) -Honda and Nissan are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan’s once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals. A combined Honda and Nissan would create...