Automaker will take a 51% stake in the venture, which will be running by the end of 2020.
Automaker’s take on the year ahead dragged down shares of the entire auto sector.
VW agreed to spend up to US$10 billion compensating owners of roughly 475,000 Volkswagens and Audi vehicles with 2-litre diesel engines.
Will focus on continuing to advance the argument current and future tariffs are bad for both countries.
Automaker exposed monkeys to diesel exhaust; now says it “emphatically rejects” tests on animals.
The crash occurred May 11 in suburban Salt Lake City. The car’s semi-autonomous driving aid was engaged at the time.
Global Affairs Canada analysis predicts lower US imports into Canada.
Talks are now scheduled to continue for at least two more months, with rounds scheduled for Mexico City and Washington,
All eyes today will be on US trade czar Robert Lighthizer with just eight weeks left in the current schedule.
US set to propose vehicles have at least 85% North American content, 50% of it from the US to qualify for duty-free status.
Tanguay advises the federal government to switch from loans to grants.
New Cadillac and GMC crossovers join Chevy Equinox.
Unifor, USW cite growing trade deficit as a potential threat to Canadian auto sector, jobs.
The 6-square-mile “mega site” ideally is suited for a new auto assembly plant.
Mexico by contrast gets $3B worth in last six months