Carmaker Stellantis, manufacturer of the Citroën and Peugeot brands, is considering pulling out fully from China, CEO Carlos Tavares said on Monday. “Our strategy anticipates the possibility of geopolitical tensions,” Tavares told reporters at the Paris Motor Show on Oct. 17, according to French public radio station RFI. “There have already been several times where…
Toshiba Closes Factory in Dalian, Denying Full Withdrawal From China
Japanese electronics giant Toshiba is closing its factory in Dalian City after entering the Chinese market 30 years ago. There are also online rumors that Toshiba will completely withdraw from China by closing 33 factories and R&D facilities in 24 Chinese cities by the end of this year. Takagi, head of Toshiba’s media division in…
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