Latest news and articles about automotive from NEX English
Apello Global Management has announced its acquisition of Forvia's automotive interior unit for a total of <strong>€1.82 billion</strong> (approximately <strong>$2.1 billion</strong>). This move reflects Apello's growing interest in the automotive sector and its desire to enhance its investment portfolio.
Nissan has announced the launch of the new generation of its SUV, the Xterra, starting at under $40,000. This move comes amid rising new car prices in the U.S., as Nissan aims to meet consumer needs.
The closure of the Strait of Hormuz has significantly impacted vital industries such as electronics, aviation, and automotive, threatening the stability of these sectors. This strait is a crucial transit point for oil and gas, and any disruption could lead to global economic crises.