As the US-Mexico-Canada Agreement (USMCA) undergoes a series of reviews, the North American auto industry is bracing for potential disruptions. Recent developments have sent shockwaves through the sector, with Chinese electric vehicle manufacturer BYD's bid to acquire Renault rejected - not once, but twice. This rejection has significant implications for BYD, which had been eyeing an alliance with the French automaker to expand its global footprint. Meanwhile, legacy automakers such as General Motors and Ford are increasingly shifting their research and development (R&D) operations to China, a move that could further erode their presence in North America.
USMCA reviews rattle auto industry | BYD’s Renault bid rejected - twice | Legacy automakers shift R&D to China ...
