Geopolitical forces are accelerating the growing trends of reshoring and foreign direct investment (FDI). Over the last decade, an expanding understanding of the routine logistics costs of offshoring drove an upward trend of reshoring.
The goal is to reduce computational costs and accelerate Volkswagen’s adoption of quantum computers to develop battery materials that are safer, lighter, and more cost-effective.
CANTON, MS—Nissan’s assembly plant here produced its 5 millionth vehicle on Oct. 6. The milestone represents nearly 20 years of Nissan manufacturing in Mississippi.
SPARTANBURG, SC—A java green metallic X6 M rolled off the line at the BMW’s assembly plant here on Sept. 30—30 years after the automaker broke ground to build the factory.
GRANITEVILLE, SC—Bridgestone’s factory here has become the first tire manufacturing facility in America to earn the International Sustainability and Carbon Certification (ISCC) PLUS recognition for its use of sustainable raw materials to replace synthetic rubber.
TOKYO—Honda Motor Co. has established a strategic partnership with Hanwa Co. to ensure a stable supply of essential metals for electric vehicle batteries.
MOSCOW—Nissan will hand over its business in Russia to a state-owned entity for 1 euro ($0.97), taking a loss of around $687 million. The decision marks the latest costly exit from the country by a global company.
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