The automaker has yet to say how it will pay for the Shanghai factory.
Manufacturers favour giving car owners rebates to buy new vehicles over hardware upgrades to millions of diesel models.
The new deal is preferable to economic chaos.
Industry officials blamed the recent weakness partly on hurricanes.
USMCA replaces the North American Free Trade Agreement.
Proclaims the newly forged US-Mexico-Canada Agreement as the biggest trade deal in the history of the United States.
A significant shift by Tokyo.
US president also complained about Canada’s negotiators; doesn’t like Freeland.
Company says brand’s workers need to be closer to engineers and designers; Cadillac plans to launch a new vehicle every six months for the next three years.
Aston Martin could release details of potential IPO in September.
Handshake deal between US and Mexico welcomed by Canadian auto sector.
VW CEO says “growing protectionism also poses major challenges for the globally integrated automotive industry.”
A list of the current trade battles that are occurring on numerous fronts.
U.S. economy would contract by between US$6.4 billion and US$62.2 billion.
The rate hasn’t been this high since December 2008.