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Stellantis's decision to relocate Jeep production from Canada to the US is proving controversial.
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Earnings affected by US tariffs, currency exchange rates and high incentive payments.
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As a minority investor, Geely will gain access to Renault do Brasil’s manufacturing and commercial infrastructure.
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Claims first-to-market scalable DMS supports China’s automotive innovation and safety regulations.
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The company set its offering at the top end of the indicated range and exercised an option to enlarge the deal size.
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Beyond accelerating Volkswagen’s range of hybrid vehicles the financing also backs Volkswagen do Brasil’s engineering work on advanced driver assistance systems and connectivity (infotainment) technologies.
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The Mercedes/Geely JV Smart brand’s #5 model is described as its first premium mid-size all-electric SUV.
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Claims a world-first that will make incremental fuel use savings of up to 1%.
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