Honda and Nissan announce plans to merge after Japanese auto giants struggle to compete with rivals in electric vehicles | Money News Aitrend

Honda and Nissan announce plans to merge after Japanese auto giants struggle to compete with rivals in electric vehicles | Money News

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Japanese automobile giants Honda and Nissan have announced plans to merge. That would make it the third-largest automaker by sales, behind Toyota Motor Corp and Volkswagen AG. The two companies announced that they had signed a memorandum of understanding that would also include smaller companies. Nissan Alliance member Mitsubishi Motors is participating in the integration … Read more

Latest sign of struggling industry as auto production falls for eighth consecutive month – SMMT | Money News Aitrend

Latest sign of struggling industry as auto production falls for eighth consecutive month – SMMT | Money News

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British car production has slowed, industry figures show, the latest sign of a struggling sector. For the eighth month in a row, UK car manufacturing has fallen, according to data from the Society of Motor Manufacturers and Traders (SMMT). In October, 15.3% fewer cars rolled off factory lines compared to the same month last year, … Read more

Thousands of jobs to be cut at Bosch in latest blow to German auto industry | Money News Aitrend

Thousands of jobs to be cut at Bosch in latest blow to German auto industry | Money News

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Bosch to cut up to 5,500 jobs due to slow sales of electric vehicles and competition from Chinese imports. It is the latest blow to Europe’s auto industry after Volkswagen and Ford announced thousands of job cuts last month. Cheaper electric cars made in China have made it harder for European manufacturers to remain competitive, … Read more