FOREIGN INVESTMENT

General Motors Faces Increasing Challenges in China’s Shifting Auto Market

December 18, 2024December 18, 2024 - by Mason Fitzgerald - Leave a Comment

General Motors is experiencing a major downturn in China, its formerly lucrative market, with a 19% decrease in sales and significant losses from joint ventures. While GM thrives in North …

Cars

Fifty Italian Fashion Brands Unite in Yhub’s 4S Planet Initiative to Combat Climate Change

December 3, 2024December 3, 2024 - by Isabella Chavez - Leave a Comment

Fifty Italian fashion companies have joined Yhub’s 4S Planet program to combat climate change by monitoring and reducing their environmental impact. The initiative focuses on CO2 reduction, reshoring production, and …

Cars

Embraer Targets Chinese Market for E-Jets Amid Strengthened Bilateral Ties

November 21, 2024November 21, 2024 - by Aisha Hussein - Leave a Comment

Embraer is intensifying efforts to increase E-Jet sales in China amid closer Brazilian-Chinese ties, despite past challenges. CEO Arjan Meijer emphasizes the suitability of E190-E2 and E195-E2 jets for Chinese …

Cars

Nissan Announces Job Cuts and Sales Forecast Reduction Amid Profit Decline

November 7, 2024November 7, 2024 - by Mason Fitzgerald - Leave a Comment

Nissan has revealed plans to eliminate 9,000 jobs and has downgraded its annual sales forecast due to a severe drop in net profit, attributed mainly to weak North American sales. …

Cars

VinFast Auto Secures $1 Billion in Investment from UAE’s Emirates Driving Company

November 2, 2024November 2, 2024 - by Isabella Chavez - Leave a Comment

VinFast Auto is set to receive over $1 billion in funding led by Emirates Driving Company, aimed at enhancing Vietnam’s electric vehicle ecosystem. This investment follows strategic partnerships with Middle …