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...A commitment to full-scale manufacturing in the UK would provide a welcome boost to the industry, which saw Japan’s Honda close its plant in Swindon two years ago in the wake of the Brexit vote....
...Despite this bold target, Honda has been one of the slowest of the big carmakers to roll out EVs....
...The Japanese government figures had tried to bring Nissan and Honda together for merger talks at the end of 2019, amid fears that Japan’s vast car manufacturing base was losing its edge as the shift towards...
...Nissan plans to slash the cost of manufacturing its electric vehicles by 30 per cent as the Japanese carmaker turns to new partnerships and manufacturing methods to counter the rising threat from Chinese...
...Toyota is aiming for as early as 2027, Nissan the year after and Honda by the end of the decade....
...Taiwan also signed a foreign investment promotion and protection agreement with Canada in December, after more than two years of negotiations....
...Nissan plans to slash the cost of manufacturing its electric vehicles by 30 per cent through new partnerships and manufacturing methods, as the Japanese carmaker responds to the rising threat from Chinese...
...It is building an EV battery factory in Canada, which is in line to receive more than $10bn in subsidies and will operate by 2027....
...That was “little changed” from October, StatCan said, but exceeded economists’ expectations of an increase of 15,000 jobs. The manufacturing and construction sectors added the most roles....
...“For our dairy exporters and parts of our manufacturing industry the loss of key trade preferences puts them in a worse position than before 2020....
...This article has been amended since publication to correct the spelling of the Japanese Association of Metal, Machinery and Manufacturing Workers chair’s name....
...The plant, which Alstom acquired in its 2021 takeover of Canada’s Bombardier, does not have enough work to keep functioning normally in the coming years, in part because of UK Prime Minister Rishi Sunak’...
...While UK car production peaked at more than 1.6mn before the Brexit vote in 2016, the closure of Honda’s Swindon plant in 2021 and JLR’s downsizing strategy mean the country can make up to 1.1mn cars a year...
...Honda said: “We do not believe an outside party would enhance the excellent employment experience of our associates.”...
...Industry groups such as BASC, of which Toyota, Nissan and Honda are members, are introducing measures such as training existing car component suppliers to enter the battery business or proposing standards...
...“We picked Canada mainly because of the renewable energy, the raw materials, the attitude of the government we have found here.”...
...This month, Kyiv expects a tranche of €4.5bn from the EU and over $2.5bn from the IMF, Japan, the UK and Canada....
...Deficit countries, particularly the US but also the UK, Australia and Canada, have had no choice but to balance out the loss of manufacturing jobs with excess debt, resulting in more fragile, financialised...
...trading update, Micron Technology Q2, Prudential FY, Tencent Q4 Thursday Canada, EU, France, Germany, India, Italy, Japan, UK, US: S&P Global/HCOB preliminary March purchasing managers’ index (PMI) manufacturing...
...Canada jobs: The Canadian economy is forecast to have added 15,000 jobs in November, a decrease from the 17,500 added the previous month....
...Gary Hufbauer, of the Peterson Institute think-tank, suggested rules written years ago for the US-Mexico-Canada trade deal had been overtaken by China’s rise as an auto-manufacturing powerhouse — giving...
...Farley has said the union was holding a deal “hostage” because of the plants, which are pivotal for the future of car manufacturing....
...“Two of the economy’s previous main drivers of economic growth — natural resources and manufacturing — have struggled to expand in recent years, due to a combination of a more onerous regulatory backdrop...
...The US, Canada and Australia have all donated M777s to the Ukrainians. The howitzer, a class of mobile, long-range gun, has proven extremely effective in the fight against Russian forces....
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