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Mexico took center stage as China's foremost choice for light-duty commercial vehicle exports.
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The international provider opens for business in the nation of Georgia that lies along the Black Sea coast on a land bridge between Russia and Iran.
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The law, which the Biden administration considers critical for U.S. economic growth and security, excludes critical battery components from China, Russia, and other “foreign entities of concern.”
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Renault Group comprises four brands – Renault, Dacia, Alpine, and Mobilize - and holds alliances with Nissan and Mitsubishi Motors. Established in more than 130 countries, the Group sold 2.7 million vehicles in 2021 and employs nearly 111,000 people.
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One of the biggest variables today influencing future commodity pricing trends is the ongoing war between Russia and Ukraine, both of whom are key exporters of raw materials, such as metals, critical to the supply chain.
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GM will not facilitate vehicle imports or conduct any commercial activity in the country for the foreseeable future, the statement reads.
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Effective July 1, Schäfer will become COO and join the Volkswagen AG Board of Management.
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The 88th State of the Fleet Industry video takes a deeper look at the impact the war in Ukraine is having on the global fleet industry.
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Globally, Russia is the fourth largest producer of finished aluminum. Today’s geopolitical tensions caused by the Russo-Ukraine War will exacerbate pre-existing constraints for commodities such as aluminum and natural gas.
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As nickel prices rise, manufacturers in Europe are heavily affected as Russia accounts for almost 1/3 of global nickel production.
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