The list of global companies cutting ties with Russia continues to grow as sanctions against Moscow rack up over its attacks on Ukraine.
The Japanese firm is set to launch a company that will explore the growing electronic vehicle market.
In case of success, the automaker, which is far behind Tesla in market cap today, would be the leader in electric vehicle sales in the United States by 2030.
As hospitals around the world face a surge of patients with breathing difficulties from Covid-19, the scarcity of ventilators has forced doctors to make life-or-death decisions. Auto manufacturers are responding to a massive global shortage.
In rearranging its global operations, GM is accelerating its retreat from unprofitable markets, becoming more dependent on the United States, China, Latin America and South Korea.
Gary Jones, who has been a UAW member for 44 years, stepped down to let the union focus on its core mission of improving the lives of members and their families.
Sides have been meeting daily since the GM strike began on September 16 with its 48,000 UAW members seeking higher pay, greater job security, a bigger share of the automaker's profit and protection of healthcare benefits.
The strike will affect GM plants in Michigan, Ohio, Tennessee, Kentucky, New York, Texas and elsewhere in the US.
The union said it will let its four-year contract with General Motors expire just before midnight. But workers are to report to their jobs if they're scheduled to work on Sunday.
US President Donald Trump removes import taxes on Canadian and Mexican steel and aluminum but delays auto tariffs that would have hurt Japan and Europe.
Mercedes, Germany's trademark car company, wants to develop a self-driving car, increasing fierce competition with firms like Uber, Google, General Motors and Volkswagen.
The US auto giant will lay off up to 14,000 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles.
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