Category: Newswire

Nissan to maintain Korean operations despite headwinds

Nissan Motor said Monday it will continue its operations in South Korea amid trade tensions between the two Asian neighbors, despite headwinds like a boycott of Japanese products.The Japanese carmaker’s commitment to South Korea follows market rumors that it will pull out of the market here as its sales have been hit hard by the escalating trade tensions between Seoul and Tokyo.In the January-August period, Nissan Korea sold 3,581 vehicles under the Nissan and Infiniti brands, down 27 percent from the 4,886 units it sold in the same period a year earlier. More sourcesNissan to maintain S. Korean operations despite headwinds (Yonhap News Agency: Sep 29, 2019 at 5:54 PM)

China Automotive Systems signs new contract with SAIC Maxus

WUHAN, China, Sept. 30, 2019 /PRNewswire/ — China Automotive Systems, Inc. (Nasdaq: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced it has entered into a new supply contract with SAIC Maxus, an SUV and commercial vehicle subsidiary of SAIC Motor (formerly Shanghai Automotive Industry Corporation).  SAIC is one of… Continue reading China Automotive Systems signs new contract with SAIC Maxus

Visteon Announces Departure of Chief Financial Officer

VAN BUREN TOWNSHIP, Mich., Sept. 25, 2019 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ: VC) today announced that Christian Garcia, executive vice president and chief financial officer, has resigned from the company to accept another position based in Houston, Texas. Garcia will continue in his current position through Oct. 31, 2019, to ensure a smooth transition… Continue reading Visteon Announces Departure of Chief Financial Officer