28 Articles
Jan 16, 2020 Official
U.S. Senate passes North America trade deal

'A big bipartisan win' that's seen as a boon to the auto sector

The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labour and automotive content but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged. The legislation to implement the U.S.-Mexico-Canada Agreement passed on an 89-10 bipartisan vote, sending the measure to President Donald Trump for him to sign into law. The Democratic-controlled U.S. House of Representatives passed the legislation on

Reuters
Jan 16, 2020 Green
Hyundai and Kia invest $110 million in UK electric van startup Arrival

The vans will have a 300-mile range and cost the same as gasoline-powered alternatives

Hyundai Motor Co and sister firm Kia Motors Corp are making the investment of 100 million euros (84.34 million pounds) in Arrival Ltd. Founded in 2015 and based in London, Arrival has developed a boxy, futuristic-looking shuttle bus aimed at the commercial delivery market. In a statement, Arrival said it will work with Hyundai and Kia to develop a variety of electric vehicles, initially for the commercial market.

Reuters
Jan 16, 2020 Official
FCA and iPhone maker plan Chinese electric vehicle joint venture

Hon Hai parent Foxconn assembles iPhone

Italian American automaker Fiat Chrysler and Taiwan's Hon Hai plan to set up a joint venture to manufacture electric vehicles and to engage in the business of wirelessly connected vehicles, Hon Hai said on Thursday. Fiat Chrysler (FCA) and Hon Hai are negotiating to set up a 50-50 joint venture, Hon Hai said in a statement.

Reuters
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