Business Topics

Jan 10, 2017

Honda to invest more than $370 million in Canadian plant

Honda will invest 492 million Canadian dollars ($372 million) in its Alliston factory north of Toronto, with financial support from the federal government and province of Ontario, Canadian Economic Development Minister Navdeep Bains said on Monday. The governments of Canada and Ontario will each ...

Asahi Kasei might skip Mexico, opt for U.S. expansion instead

Jan 6, 2017

Asahi Kasei might skip Mexico, opt for U.S. expansion instead

Asahi Kasei Corp. is thinking of expanding its bases in the United States rather than starting up operations in Mexico, President Hideki Kobori says. “We’re considering expanding into Mexico, but depending on the course of events, expanding U.S. bases may be a better idea,” ...

Nissan ending joint development of luxury cars with Daimler

Jan 6, 2017

Nissan ending joint development of luxury cars with Daimler

Nissan is halting joint development of luxury cars with Daimler’s Mercedes-Benz, sources close to the companies told Reuters, suspending a key project in their seven-year partnership and potentially hitting profitability at a new shared factory in Mexico. Nissan decided in October its premium Infiniti ...

Ford dumps plan for Mexico plant amid pressure from Trump

Jan 4, 2017

Ford dumps plan for Mexico plant amid pressure from Trump

Ford scuttled a plan to build a new factory in Mexico Tuesday following criticism from Donald Trump, and just hours after the president-elect attacked General Motors for importing Mexican-made cars into the U.S. Following months of criticism from Trump for its investments in Mexico, ...