automotive industry
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usatoday.comBill Targets Chinese Auto Ownership, Includes Mercedes-Benz U.S. Sales
A proposed U.S. bill aimed at restricting Chinese ownership of automakers could limit Mercedes-Benz market access. The measure would apply ownership thresholds to foreign-controlled vehicle manufacturers.
nbcnews.comSlate Auto to Begin Taking Orders for Low-Cost Electric Vehicle on June 24
Slate Auto will open orders for its electric vehicle on June 24. The company has not released final pricing. Deliveries are scheduled to begin by the end of 2026.
CnbcLawmaker Discusses Bipartisan Bill to Restrict Chinese Autos in U.S.
House China Select Committee Chairman Rep. John Moolenaar appeared on CNBC's Squawk Box to discuss legislation that would prohibit the importation, manufacturing, and sale of Chinese vehicles in the United States.
europeanbusinessreview.comCrypto Firms and Automakers Apply for Bank Charters Under New Policies
Dozens of financial technology companies and the three major U.S. automakers have applied for banking charters. The filings follow administration policies that reduced regulatory barriers to new bank formation.
technode.comChinese EV Makers Acquire Idle Western Plants for Overseas Production
Chinese electric vehicle companies are purchasing unused factory space from Western automakers that are reducing gasoline-car output. The moves allow Chinese firms to build vehicles locally and avoid tariffs.
citizen.co.zaVolvo Debuts EX60 Electric SUV in U.S. Market
Volvo introduced its EX60 compact electric SUV in New York this week. The vehicle goes on sale later this summer starting at $59,795. It arrives as the company adjusts its electric vehicle strategy.
NewsweekRising Fuel Prices Prompt Shift Toward Electric Vehicles in U.S. and Europe
New car buyers in the U.S. and Europe are showing increased interest in alternative fuel vehicles as gasoline and diesel prices rise amid the ongoing conflict in Iran. HSBC Bank analysts noted that prolonged supply disruptions could accelerate electric vehicle sales.
finance.yahoo.comVolvo Plans New Electric Vehicle for U.S. Market in 2027
Volvo Cars America president Luis Rezende said the company is developing a new electric vehicle for the U.S. market that will launch in 2027. The model will be larger than the discontinued EX30 and will not match the EX30's original $34,950 target price.
news.google.comTesla Launches Financing Plan in China After Losing Top 10 EV Ranking
Tesla introduced new financing options in China following a decline in domestic sales. California Governor Gavin Newsom announced a $1 billion EV incentive program that may support the Tesla Semi.
BenzingaLi Auto Unveils Six-Seat Electric SUV as Chinese Automakers Target Europe
Li Auto introduced a new six-seat electric SUV priced at 459,800 to 509,800 RMB. BYD and XPeng are shifting focus to European markets after slower sales in China. Waymo and Blink Charging also reported developments during the week.
EuronewsMercedes-Benz CEO Signals Openness to Defence Sector Work
Mercedes-Benz CEO Ola Källenius said Europe needs stronger defence capabilities amid a more unpredictable world. The company has not announced concrete plans to enter military production.
livemint.comTrump to Meet Xi Jinping Amid Congressional Push to Restrict Chinese-Made Vehicles
President Donald Trump is scheduled to meet Chinese President Xi Jinping this week amid bipartisan warnings against using the U.S. auto market as a bargaining chip. Reps. John Moolenaar and Debbie Dingell introduced legislation this week mirroring Senate bills to lock in restrict…
finance.yahoo.comHonda Reports First Annual Loss Since 1955 After EV Investment Writedown
Honda posted a net loss of 403.3 billion yen for its fiscal year ending in March after taking a 1.6 trillion yen charge related to its electric vehicle investments. The company cited changes in U.S. emissions rules and the end of a $7,500 federal tax credit that contributed to we…
Nbc NewsChinese Electric Vehicles Remain Unavailable in U.S. Market
Chinese brands accounted for about two-thirds of global electric vehicle sales in 2024, according to the International Energy Agency, but none of those sales occurred in the United States. Almost half of cars sold in China last year were electric, compared with about one in 10 in…
BYD Reports Profit Drop Over 50% in China as Global EV Sales Grow Modestly
Stella Li told an industry summit that crude oil topping $100 a barrel after the U.S. and Israeli strikes on Iran has prompted drivers to consider electric and hybrid vehicles. BYD is accelerating European factory and product plans even as its first-quarter profits fell more than…
The TimesIneos Grenadier to Bid Against JLR and BAE-Led Consortia for MoD Contract to Replace Army Land Rovers
Sir Jim Ratcliffe's Ineos Grenadier has engaged with the Ministry of Defence to bid for a contract to supply a new 4x4 vehicle, competing against Jaguar Land Rover, BAE Systems and Supacat. The initial tender for 3,000 vehicles worth £900 million begins shortly, with bids due Mon…
The IndependentUK Government Signs Agreement With Wayve to Advance Self-Driving Car Technology
Wayve has signed a memorandum of understanding with the UK government to share research on self-driving vehicles. The agreement aims to support responsible deployment of the technology. The company plans to launch robotaxi trials in London in 2026.
en.globes.co.ilCompany Lays Off 500 to 600 Technology Workers Globally
The company has cut between 500 and 600 information technology positions worldwide as part of a cost reduction and restructuring effort. The reductions have a significant impact in Austin, Texas, and Michigan. The move was reported by CNBC on Monday.
upi.comUnifor to Begin Contract Negotiations With Ford Motor Company
Unifor will start 2026 contract talks with Ford Motor Company on June 22. The union represents about 5,000 workers at Ford of Canada facilities. Negotiations mark the beginning of bargaining with the Detroit Three automakers.
winnipegfreepress.comChina Reports 85% Jump in Passenger Car Exports in April as Domestic Sales Fall for Sixth Straight Month
China exported around 796,000 passenger cars in April 2026, up nearly 85 percent from a year earlier, according to the China Association of Automobile Manufacturers. New energy vehicle exports reached about 420,000 units, surging more than 120 percent. Domestic sales dropped 25.5…
European Carmakers Report €8bn Hit From U.S. Tariffs
European carmakers have recorded an €8 billion financial impact from tariffs imposed by the United States. President Trump has threatened to raise the levies to 25 percent if the European Union does not implement last year’s trade deal. The tariffs form part of ongoing trade tens…
iphoneincanada.caHonda Delays Next-Generation Models and Ends U.S. EV Sales After $15.7 Billion in Losses
The automaker is postponing next-generation versions of the Odyssey, Accord, HR-V, MDX and Integra by up to four years after recording $15.7 billion in electric vehicle losses. It will cancel its sole U.S. EV model at the end of 2026 and exit the South Korean market after 23 year…
Los Angeles TimesGeneral Motors Agrees to Pay $12.5 Million to Settle California Driver Data Sales Claims
General Motors has agreed to pay $12.5 million to settle allegations it sold location and driving data from hundreds of thousands of California drivers between 2020 and 2024. The payment is the largest penalty issued under the California Consumer Privacy Act. The settlement requi…
bbc.co.ukUK Approves £380m Support for Somerset Battery Gigafactory to Supply Jaguar Land Rover
Newly released documents show officials feared damage to the UK car industry if the Jaguar Land Rover battery deal collapsed. The government provided £380 million to Agratas for the Somerset gigafactory, now projected to cost £5.2 billion. JLR denied any threat to leave Britain a…
nypost.comLawmakers Introduce Bill to Ban Chinese Vehicles from U.S. Roads
Low-cost Chinese-made electric vehicles and hybrids are entering California from Mexico under temporary visitor rules that exempt them from U.S. safety and emissions standards. The vehicles are sold in Mexican border cities for around $20,000.
Financial TimesSaudi Aramco Q1 Profit Rises 26%
Saudi Aramco posted net profit of $33.6 billion for the first quarter as higher oil prices from the regional conflict offset lower production and exports. The company maximized use of its East-West pipeline to bypass the closed Strait of Hormuz. Meanwhile Toyota reported a £3 bil…
smallbiztrends.comFord and GM Invest in Training Programs as Manufacturers Report Worker Recruitment Challenges
Jim Farley detailed the crisis in a new episode of his podcast 'Drive,' scheduled for release Friday. The Ford chief executive cited impacts ranging from higher costs to lost opportunities while outlining company efforts to address the gap. Industry data and rival actions undersc…
soyacincau.comMalaysia Raises Minimum Price and Power Requirements for Fully Imported EVs Starting July
The Ministry of Investment, Trade and Industry issued regulations that raise the minimum retail price and power output for fully imported electric vehicles. The changes, effective from July, set insurance and freight costs at a minimum of 200,000 ringgit ($51,000) and power outpu…
Substrate placeholder — needs reviewITF Summit Discusses Role of Hydrogen Alongside Battery Electric Vehicles in Decarbonizing Transport
Automobile industry leaders speaking at the 2026 International Transport Forum in Leipzig urged governments to build infrastructure supporting both battery electric and hydrogen fuel-cell vehicles. Mark Freymueller of Hyundai Energy & Hydrogen Europe and Peter Mackey of Air Liqui…
National ReviewU.S. Imposes Tariffs on European Cars
U.S. officials have threatened to raise tariffs on cars imported from Europe. The move signals continued trade priorities for investors and partners. It could drive up prices and reduce options for affordable vehicles.
BenzingaLucid Group Reports Q1 2026 Earnings, Plans 2027 Midsize EV Production Ramp
Lucid Group Inc. held its first-quarter 2026 earnings call, highlighting plans for a sub-$50,000 midsize electric vehicle to boost market volumes. Interim CEO Marc Winterhoff announced a 2027 production ramp aimed at reducing costs and expanding customer access. Uber Technologies…
NewsweekMercedes-Benz Unveils Electric VLE Limousine and Plans Maybach GLS Flagship Amid Major Investments
Mercedes-Benz has revealed the battery-electric VLE, a high-riding limousine seating up to eight and targeted at VIP customers. The company also plans to introduce the ultra-luxury Mercedes-Maybach GLS as its vans flagship, with significant investments in production facilities ac…
app.buzzsumo.comRivian Developing Undisclosed Variants of Smaller R2 Electric Vehicle, CEO States
Rivian is working on undisclosed variants of its smaller R2 electric vehicle, according to CEO RJ Scaringe. He indicated that the company's Georgia facility supports different variations, including a potential R2X. The statements were made tonight and reported via Reuters.
thehindu.comU.S. Raises Tariffs on EU Cars and Trucks to 25%
President Trump announced an increase in tariffs on cars and lorries imported from the European Union to 25% from 15%, citing non-compliance with a trade deal reached last year. The move exempts vehicles made in the U.S. by EU companies and follows recent diplomatic tensions. EU…
Al JazeeraU.S. Raises Tariffs on EU Cars and Trucks to 25%
U.S. President Donald Trump announced last week an increase in tariffs on cars and trucks manufactured in the European Union from 15 percent to 25 percent, citing non-compliance with a July 2025 trade deal. The European Commission rejected the claim, as the deal remains unimpleme…
GB NewsNissan to Cut 10% of European Workforce and Merge UK Plant Production Lines
Nissan plans to reduce its European workforce by around 10 percent as part of a global restructuring. The Japanese carmaker will combine two production lines at its Sunderland plant in the UK and cut 900 office jobs across several countries. The moves follow the company's announc…
techcentral.co.zaVolvo Car Reports 10% Drop in Q1 2026 Sales Due to China Competition and U.S. Sentiment
Volvo Car reported a 10% fall in quarterly sales for the period ending prior to May 5, 2026. The decline was attributed to intensified competition in China and persistent weak consumer sentiment in the U.S. The figures highlight ongoing challenges in key markets for the automaker…
electrek.coTesla Increases Lease Prices for Cybertruck Premium AWD in US
Tesla has raised the monthly lease prices for its Cybertruck Premium AWD model in the United States. The increase applies to both zero-down and $5,000-down payment options, while prices for the Cyberbeast trim remain unchanged. Estimated delivery for the Premium AWD trim is set f…
France 24Trump Announces 25% Tariffs on EU Cars and Trucks
President Trump stated he will raise tariffs on cars and trucks imported from the European Union to 25% next week, citing non-compliance with a trade deal agreed last July. The current tariff rate is 15%. The European Commission said it is adhering to commitments and will conside…
thehindu.comTrump Announces 25% Tariffs on EU Cars and Trucks
President Trump stated he will raise tariffs on cars and trucks imported from the European Union to 25% next week, citing non-compliance with a prior trade deal. The announcement follows a 2025 agreement that set tariffs at 15% and included EU commitments to purchase American ene…
pandaily.comBeijing Auto Show 2026 Opens with GWM Unveiling Global Strategy and New Vehicles
Auto China 2026 opened in Beijing on April 29, 2026, under the theme of commitment and integrity. GWM presented its global localization strategy, a range of new models, and advanced technologies during the event. The company's CEO delivered a keynote speech highlighting business…
manilatimes.netHyundai Unveils Next-Generation Infotainment System with AI Voice Assistant
South Korea's top automaker Hyundai has introduced a new infotainment system featuring an AI voice assistant for natural conversations. The system supports multi-step interactions. This move aligns with Hyundai's push toward software-defined vehicles.
thehindu.comTrump Announces 25% Tariffs on EU Cars and Trucks
President Trump announced a 25% tariff increase on European Union cars and trucks imported to the U.S., citing noncompliance with a trade deal. The move exempts vehicles produced in U.S. plants, where over $100 billion in new facilities are under construction. Separately, Tesla l…
Substrate placeholder — needs reviewTesla's Giga Berlin Factory Produces 1,000,000th Drive Unit
Tesla's Giga Berlin factory has produced its 1,000,000th drive unit, doubling output from 500,000 units in under a year. The facility opened in March 2022 and integrates motors, gearboxes, and power electronics into each unit. Every Tesla vehicle requires one such drive unit.
forbes.comSales of Chinese Plug-In Hybrid Vehicles Increase Significantly in Europe
Sales of Chinese plug-in hybrid vehicles in Europe rose more than 300% year-over-year in March, reaching approximately 20% of the hybrid car market. This marks a substantial increase from early 2024, when such sales accounted for about 2% of the EU market. The data highlights gro…
Substrate placeholder — needs reviewU.S. Operating Costs: Tesla Model Y at 4 Cents per Mile Versus Toyota RAV4 Hybrid at 10.4 Cents
Recent data highlights the average operating costs for electric and hybrid vehicles in the United States. The Tesla Model Y Premium operates at 4 cents per mile, compared to 10.4 cents per mile for the Toyota RAV4 Hybrid. This makes the Model Y 61% cheaper per mile, excluding mai…
deccanchronicle.comBMW Debuts Seventh-Generation 7 Series with Upgraded EV Models and New Interior Tech
BMW unveiled the seventh generation of its 7 Series sedan on April 22, 2026, featuring enhanced electric variants, a new Panoramic iDrive system, and multiple powertrain options. The launch includes fully electric i7 models with over 350 miles of range, alongside gas-powered vers…
insidermonkey.comChina's Li Auto Signs Distribution Deals in UAE and Saudi Arabia for Middle East Expansion
Li Auto, a Beijing-based electric vehicle maker, signed agreements with distributors in the United Arab Emirates and Saudi Arabia on Saturday to expand its premium SUVs into the Middle East. The company also targets Asia-Pacific markets, expecting overseas deliveries to reach 30…
Warren Whyte / Wikimedia (CC BY 4.0)OMODA & JAECOO Displays OMODA 4 and OMODA 7 at Auto China 2026
OMODA & JAECOO showcased two models at Auto China 2026, coinciding with the brands' third anniversary and exceeding 1 million global sales. The event highlighted the OMODA 7's design and hybrid system features. The company aims for 1 million annual sales by 2027.
Rutger van der Maar / Wikimedia (CC BY 2.0)Automotive CEOs Cite China's Lead in EV Production
CEOs from Toyota, Honda, and Ford have expressed concerns over China's dominance in electric vehicle manufacturing, citing rapid production and low costs. This comes amid declining sales for foreign automakers in China and shifts in global trade policies. Investors are advised to…
Substrate placeholder — needs reviewEngine Maker Horse Powertrain Files for India Entity After Small Car Tax Cut
Horse Powertrain, formed from Renault and Geely operations, is establishing a presence in India following a federal sales tax reduction on small gasoline cars. CEO Matias Giannini outlined plans for partnerships, imports, and eventual local manufacturing to supply and export engi…
Substrate placeholder — needs reviewGM Board Excludes $3 Billion Tariff Losses from 2025 Profit Calculations for Executive Bonuses
General Motors discounted tariff-related losses when calculating profitability for executive bonuses, according to SEC filings. CEO Mary Barra received over $5 million in performance bonuses amid the adjustments. The company also suspended EV development and faced Pentagon discus…
croatiaweek.comPorsche Agrees to Sell Bugatti Rimac Stake to HOF Capital-Led Consortium
Porsche AG has agreed to divest its 45% stake in Bugatti Rimac to a consortium led by HOF Capital, with BlueFive Capital as the largest investor. The deal also includes Porsche selling its 20.6% stake in Rimac Group. Following the transaction, Rimac Group will assume full operati…
technode.comXpeng Expects Large-Scale Production of Flying Cars in 2027 and Robots in 2026
Chinese electric vehicle maker Xpeng anticipates beginning large-scale production of its flying cars next year, with full-scale deliveries planned for 2027. The company also expects to start production of humanoid robots in the fourth quarter of 2026. Additionally, Xpeng sees pot…
rt.comInvestor Criticizes Tesla's Shift to Robot Production from Model S and X
An investor expressed criticism of Tesla Inc.'s decision to wind down production of its Model S and Model X vehicles in favor of focusing on robots. The investor described the Model S as a high-quality electric vehicle and questioned the efficiency of repurposing production lines…
Substrate placeholder — needs reviewAlibaba Integrates Qwen AI into Vehicles from Multiple Chinese Automakers
Alibaba announced the integration of its Qwen AI model into cars from several Chinese automakers, enabling voice-activated services such as food ordering and hotel bookings. The rollout was revealed at the Beijing Auto Show 2026. The system uses Nvidia's automotive chips and supp…
Substrate placeholder — needs reviewMercedes Executive Attributes Soft EV CLA Demand in China to Niche Appeal
A Mercedes executive cited the EV CLA model's niche positioning as the reason for its soft demand in China. The executive noted that this limits broader market reach. No details were provided on upcoming models expected to boost sales.
Substrate placeholder — needs reviewTesla Agrees to Acquire Unnamed AI Hardware Firm for Up to $2 Billion in Stock and Equity
Tesla disclosed an agreement to acquire an unnamed AI hardware company for up to $2 billion in common stock and equity awards. Approximately $1.8 billion of the deal depends on service conditions and performance milestones. The disclosure appeared in Tesla's Q1 2026 10-Q filing b…
citizen.co.zaGAC International and Allur Group Sign KD Production Cooperation Agreement in Guangzhou
GAC International and Kazakhstan's Allur Group signed a KD production industrial cooperation agreement on April 23, 2026, in Guangzhou, China. The agreement follows an initial signing in February 2026. Senior executives from both companies attended and witnessed the ceremony.
Substrate placeholder — needs reviewTesla to Begin Volume Production of Semi Truck in 2026 at Nevada Facility
Tesla announced that its Semi truck will enter volume production in 2026 at the Giga Nevada factory. The updated model features a 4680 battery pack and a 500-mile range. The company stated that the vehicle offers lower operating costs compared to diesel trucks for fleet operators…