Japanese automobile giants Honda and Nissan are reportedly undergoing merger talks amid rising competition in the Chinese market. However, a Nikkei report reveals that the move may also be prompted by a potential acquisition by Taiwan’s Foxconn, a situation which both companies would rather avoid....

According to a report by Central News Agency, citing Nikkei, Japanese automakers Honda Motor and Nissan Motor are reportedly discussing a potential merger. The Nikkei report highlights that the two companies aim to combine their resources to enhance their competitiveness against Tesla and Chinese EV...

Honda, the Japanese automotive giant, is set to lay off around 900 employees from its Chinese joint venture, GAC Honda. This move comes as the company adjusts to the shifting market focus towards electric vehicles (EVs). Notably, this marks the first instance of job cuts in the 25-year collaboration...

Ford announced the withdrawal of its full-year financial forecast due to the impact of the recent labor strike and ongoing challenges in the EV sector. Most consumers are reluctant to pay higher prices for electric cars compared to traditional or hybrid vehicles. Ford also postponed its planned $12 ...

According to the latest data from TrendForce, car sales across 37 regional markets (as indicated in the notes under the table above) in August totaled 5.55 million vehicles, representing an increase of nearly 1% compared with July. This modest growth can be attributed to the upcoming launch of new ...