GAC Honda cuts 900 jobs in China in its first ever layoffs as car sales stall while the move to electric vehicles accelerates

The Japanese automaker is doubling down on the world’s biggest car market, following through with its CEO pledge to ditch the combustion engine globally by 2040

Japanese brands boosted sales 4.3% in the first 10 months of the year, outpacing U.S., European, South Korean and Chinese rivals

Fu Shoujie, who headed Guangzhou Vanlead and held positions in Guangzhou Automobile Group, sentenced to seven-and-a-half years in prison for taking $1.51 million in bribes