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Nissan faces significant challenges ahead, even as it gets back into profit.
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The global Light Vehicle (LV) selling rate improved once again in August, climbing to over 91 mn units/year.
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Gotion is expected to invest about €1.59bn, while PowerCo – Volkswagen’s battery manufacturing subsidiary – will contribute approximately €1.62bn.
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The target compares with 65% currently and follows tariffs imposed by US President Donald Trump’s administration.
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Overseas sales continued to decline sharply last month.
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The companies will develop ADAS for new Peugeot and Jeep models in China and other markets.
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Nissan says the project will bring self-driving cars to Cambridge.
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The market continues to be driven by surging demand for BEVs.
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However, sales of fuel-efficient, electrified vehicles continue to surge.
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The Japanese supplier will accelerate development with CATARC by expanding its use of computer-aided engineering.
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