Hyundai and Kia's Strategy to Avoid Trump's Auto Tariff

Hyundai Motor Company and Kia plan to increase American automobile production by 70% to avoid President Trump's proposed 25% auto tariff. South Korea's auto exports could drop to 18.6% if the tariff is imposed. Nissan CEO also considers moving automobile production out of Mexico due to potential tariffs.

International News

Russia launches Christmas Day attacks on Ukrainian energy infrastructure, Honda and Nissan are in merger talks, and Nigeria's president defends economic reforms despite worsening crisis.

Merger of Japanese Automakers Nissan and Honda

Japanese automakers Nissan and Honda are in talks to merge and create the world's third-largest automaker by sales, aiming to compete in electric vehicles and intelligent driving technologies. The deal would form a holding company listed on the Tokyo Stock Exchange, with discussions set to conclude in June 2025.