"Global Auto Giants Face Uncertain Future as USMCA Reviews and China Shifts into High Gear The North American auto industry is bracing for impact as the United States-Mexico-Canada Agreement (USMCA) undergoes a series of reviews that could have far-reaching consequences for trade and investment. Meanwhile, Chinese electric vehicle manufacturer BYD's bid to acquire a majority stake in Renault has been rejected - not once, but twice - highlighting the growing challenges faced by legacy automakers in the face of rapidly changing global market dynamics. As US-based automakers shift their research and development efforts to China, where the government is investing heavily in the electric vehicle sector, the industry is at a crossroads, with some predicting a seismic shift in the global auto landscape. Will the USMCA reviews and the rise of Chinese automakers spell the end of an era for American and Canadian auto manufacturers?"
USMCA reviews rattle auto industry | BYD’s Renault bid rejected - twice | Legacy automakers shift R&D to China ...
