Chinese car brands squeeze Nissan, GM and Volkswagen in Mexico

Chinese car brands are taking ground from Nissan, General Motors and Volkswagen in Mexico, even after a 50% import tariff. The shift comes as Mexico deepened technology and investment ties with South Korea. It also hosted more than 100 US executives at the 100 Summit. President Claudia Sheinbaum, meanwhile, says she is optimistic about a US trade deal despite the US–Canada rupture.