Latest New product development News

Japanese automaker Nissan says it is pulling out of Russia

Oct. 11, 2022 07:49 AM EDT

TOKYO (AP) — Japanese automaker Nissan Motor Co. said Tuesday that it plans to sell its Russian operations to its local partner and withdraw from manufacturing there. The company said its executive committee approved the sale to Russia’s Central Research and Development...

Ford shuffles management, seeks new global supply chain head

Sep. 22, 2022 13:56 PM EDT

DETROIT (AP) — Ford is restructuring its vehicle development and supply chain operations, shuffling multiple executives just days after announcing that it would build up to 45,000 vehicles with parts missing due to shortages. The Dearborn, Michigan, automaker gave some executives...

US, Mexico to cooperate on semiconductors, electric vehicles

Sep. 12, 2022 20:10 PM EDT

MEXICO CITY (AP) — Mexico and the United States plan to take advantage of the Biden administration's massive investment in semiconductor production to push the integration of their supply chains and cooperate on expanding the production of electric vehicles through Mexico's nationalized lithium...