In a statement Ford Motor Co said, it is in the process of recalling 661,000 Explorer sport utility vehicles in North America following a request by U.S. regulators who have said, Ford should recall the model due to the potential loosening… Read More ›
In a report Japan’s the Nikkei newspaper said, Toyota Motor Corp plans on boosting its global production to record high at 9.2 million vehicles in 2021. The automaker has informed its main suppliers of the plan, which reflects sales momentum… Read More ›
According to a report from the Financial Times, HSBC Holdings Plc is weighing options which includes a complete exit from the U.S. retail banking market. The development comes in the wake of the bank struggling to improve its performance in… Read More ›
According to a consent order, Honda Motor Co has agreed to a settlement of $85 million following an investigation by most U.S. states into its use of defective Takata airbag inflators in its vehicles. The investigation by most U.S. states… Read More ›
On Monday, in a statement, Citadel, a Chicago-based hedge fund and Citadel Securities, which provides trading services to asset managers, banks, broker-dealers and hedge funds, said, it will open a new office in Singapore. Both businesses, which have offices across… Read More ›
In a significant development that underscores a relocation of supply chain to North America, preliminary figures published by Mexio’s Economy Minister stated, during the first half of 2020, Foreign direct investment (FDI) in Mexico touched $17.97 billion. Although, the figure… Read More ›
In a statement, U.S. Trade Representative Robert Lighthizer said, he has notified Congress that the new U.S.-Mexico-Canada trade agreement will be effective from July 1 – a month later than initially planned. Both Canada and Mexico have taken necessary measures… Read More ›
With the coronavirus ravaging supply chains, a group representing U.S. manufacturers have had a discussion with Mexican President Andres Manuel Lopez Obrador to maintain and strengthen North America’s existing supply chain so as to provide a sustained and a strong… Read More ›
On Monday, Toyota Motor Corp said, it will be extending a suspension of production at its factories in Europe with the exception of Russia until further notice. A restart of operations could potentially start after April 20. Following the Wuhan… Read More ›
In a statement, General Motors Co disclosed, it will extend the shutdown of its North American plants beyond March 30. It did not set a restart date. In an e-mail to suppliers, General Motors said, “given the unprecedented circumstances, exactly… Read More ›
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