CNBC Daily Open: Despite Dow’s nine-day losing streak, we aren’t in dire straits
The Dow's nine-day losing streak isn't all that scary, once you dive into the numbers. Source link
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Honda Motor Co Ltd
Nissan shares surge 22% after media reports on potential merger with Honda
Nissan Motor shares surged Wednesday following a media report that the Japanese automaker is looking to merge with Honda. Source
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GM reports 2.2% decrease in third-quarter sales, but EVs make gains
The Detroit automaker reported a 2.2% drop in third-quarter sales compared to a year earlier to 659,601 vehicles sold. Source
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GM and Hyundai agree to explore collaboration on vehicles and manufacturing to reduce capital spending
Potential areas of interest include production of passenger and commercial vehicles, internal combustion engines and electric and hydrogen technologies. Source
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U.S. auto sales are expected to slow during the second half of 2024
Vehicle inventory levels are growing, incentives are increasing and there's growing uncertainty surrounding the economy, interest rates and U.S. election.
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Toyota has been rocked by a string of scandals — but analysts are unfazed
Given the recent scandals, will investors flee the stock, preferring to sink money in other scandal-free Japanese automakers instead? Source
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Toyota lost over $15 billion in market value last week after being caught falsifying tests
The wide ranging inspection by the transport ministry also found that irregularities were also found in automakers Honda, Suzuki and Yamaha.
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Mercedes-Benz workers in Alabama vote against UAW union membership
The results are a blow to the UAW's organizing efforts a month after the Detroit union won an organizing drive
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Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
Japan's Toyota Motor will pair up with China's Tencent while Nissan will team up with Baidu, the companies said on
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