Daimler has just completed a major investment to turn its Smart factory in France to build the Mercedes EQB electric crossover. Now it wants to shutter the plant to cut costs.

Hyundai plans to release three electric vehicles under the new brand in the next four years, starting in early 2021 with a midsize crossover.

Japan has been seeking to have the automotive levies lifted early. The two countries are negotiating their post-Brexit trade status, with a deal expected by the end of August.