Nissan Motor Co Ltd is considering selling two of its European plants as the Japanese carmaker faces falling sales in the region and an industry shift toward electric cars, Bloomberg reported on Thursday, citing people familiar with the matter.
Hyundai Motor’s quarterly net profit widely missed analyst estimates, after the South Korean automaker booked additional charges to address potential engine defects in the United States (US) and its home market.
General Motors Co’s July to September vehicle sales in China fell 17.5%, as the United States (US) automaker was hurt by a slowing economy amid the Sino-US trade war and by heightened competition in its key mid-priced SUV segment.
The company, which had earlier flagged an “extremely difficult” start to the year, reported a pretax loss of $28.27 million.
While United States (US) sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80%, oil product sales from the Islamic Republic remain strong at nearly $500 million a month, shipping data and Reuters calculations show.