Author: Nikki News Feed

Hyundai Motor’s union in South Korea votes to strike

SEOUL (Reuters) — Hyundai Motor’s unionized workers in South Korea voted for possible strike action after talks with the company over wage increases and an extension of the retirement age stalled, the automaker’s union said on Monday. The union, one of the biggest in the country with more than 43,000 members, said that almost 90% of its members… Continue reading Hyundai Motor’s union in South Korea votes to strike

China and EU set for talks on planned EV tariffs

SHANGHAI (Reuters) — China and the European Union have agreed to start talks on the planned imposition of tariffs on Chinese-made electric vehicles being imported into the European market, senior officials of both sides said on Saturday. German Economy Minister Robert Habeck said he had been informed by EU Trade Commissioner Valdis Dombrovskis that there would be concrete negotiations on… Continue reading China and EU set for talks on planned EV tariffs

China and EU set for talks on planned EV tariffs

SHANGHAI (Reuters) — China and the European Union have agreed to start talks on the planned imposition of tariffs on Chinese-made electric vehicles being imported into the European market, senior officials of both sides said on Saturday. German Economy Minister Robert Habeck said he had been informed by EU Trade Commissioner Valdis Dombrovskis that there would be concrete negotiations on… Continue reading China and EU set for talks on planned EV tariffs

German economy minister says EU open for talks on China tariffs

SHANGHAI (Reuters) — Germany’s Economy Minister Robert Habeck said during his visit to China on Saturday that the door of the European Union is open for discussions regarding EU tariffs on Chinese exports. “What I suggested to my Chinese partners today is that the doors are open for discussions and I hope that this message… Continue reading German economy minister says EU open for talks on China tariffs

China RV market booms as vacationers embrace the great outdoors

SHANGHAI — Chinese people are hitting the road in recreational vehicles in greater numbers as young outdoorsy types and retirees alike embrace the freedom and convenience of nomadic travel life. Zhang Shihua, a 76-year-old retiree who has been traveling in an RV with his wife, is one such RV enthusiast. Go to Source

German automakers pressure EU leaders to drop China EV tariffs

HAMBURG, Germany — German automakers and industry associations are calling on the European Commission (EC) to roll back a threat to slap punitive import tariffs on Chinese electric vehicles, saying the move hurts local industry and jeopardizes their ability to do business in China. China on Friday warned that the levies could spark a trade… Continue reading German automakers pressure EU leaders to drop China EV tariffs

Nissan plant closure underscores Japanese cars’ China problem

GUANGZHOU — Nissan Motor’s closure of its newest assembly plant in China is the latest in a series of setbacks suffered by Japanese automakers in an increasingly cutthroat market. The factory in Changzhou closed on Friday, Nikkei reported. It was the smallest of Nissan’s eight factories in China. But it was also the most advanced, having started… Continue reading Nissan plant closure underscores Japanese cars’ China problem

Honda to end production of small mopeds in 2025

TOKYO — Honda Motor will stop making small mopeds in May 2025, Nikkei has learned, ahead of tougher emissions standards that will take effect in Japan later that year. The move affects mopeds with engine displacements of 50 cubic centimeters and below. The Japanese automaker commands a roughly 80% domestic market share in this vehicle class. Go… Continue reading Honda to end production of small mopeds in 2025