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Automotive Industry
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Six major U.S. automotive trade groups have jointly sent a letter to Donald Trump, urging him to block Chinese automakers from entering the U.S. market.
The letter, dated Thursday and signed by six trade groups representing major facets of the U.S. auto industry, urged Donald Trump to "maintain policies that firmly prevent Chinese automakers from sell
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European carmakers warn EU-UK tariffs could be ‘catastrophic’
European carmakers argue that stricter rules of origin should be delayed to allow more time for supply chains to be established, warning that new EU-UK tariffs could be ‘catastrophic’ for the industry
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Donald Trump again hinted at not blocking Chinese car manufacturers from building plants in the US, despite domestic opposition.
US President Donald Trump has again hinted that his administration will not prevent Chinese companies from manufacturing cars in the United States, despite opposition from the US auto industry and wit
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Foreign Carmakers Offer Steep Discounts Exceeding 20% on Petrol Cars in China Amid Weak Demand; Volkswagen and Toyota Averaged 23.4% Last Month
Foreign carmakers, including Volkswagen and Toyota, offered average discounts of 23.4% on petrol-powered cars in China last month, exceeding 20%, amid weakening consumer demand. This figure, according
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Guo Rui, Chairman of Luxeed Motors: The automotive industry is currently in the red ocean phase that the mobile phone industry experienced in 2004-2005, and industrial transformation has just begun.
Guo Rui, Chairman of Luxeed, stated in an exclusive interview with Wallstreetcn that the current automotive industry is fiercely competitive, akin to the mobile phone "red ocean" market in 2004-2005,
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Toyota Aims to Boost Operating Profit from Software Updates and Vehicle Leasing by 40% to $19.2 Billion by Fiscal 2030
Toyota Aims to Boost Operating Profit from Software Updates and Vehicle Leasing by 40% to $19.2 Billion by Fiscal 2030
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Volkswagen approves "historic restructuring": plans to cut 50,000 more jobs, reduce models by 50% before 2035, targets 9% operating profit margin by 2030.
Volkswagen's supervisory board unanimously approved CEO Oliver Blume's comprehensive restructuring plan on Thursday. The plan adds 50,000 new job cuts, bringing the total number of positions eliminate
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US Treasury Secretary Scott Bessent: BYD cars are the best $70,000 car you can buy for $35,000.
US Treasury Secretary Scott Bessent: BYD cars are the best $70,000 car you can buy for $35,000.
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China Tells Carmakers to Keep Price War Away From Export Markets
China told its carmakers to keep their cutthroat competitive actions, like steep price cuts, away from overseas markets as manufacturers increasingly look abroad for growth to counter a domestic slowd
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South Korean automakers finalize wage talks, shift focus to H2 sales amid market pressures
South Korea's five major automakers are set to conclude their annual wage negotiations as early as Monday, including Hyundai Motor Co. which is holding a union vote on a tentative agreement. This reso
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Lotus Technology's H1 deliveries surged 39% to 3,904 vehicles, with revenue reaching $268 million and a net loss of $151 million.
Lotus Technology announced its 2026 interim report on August 27, with revenue increasing by 23% year-on-year to $268 million, and gross margin rising from 8% to 10%. Net loss narrowed by 52% year-on-y
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Strattec Security (STRT) reported record revenue of $579.4 million for fiscal year 2026, with adjusted EBITDA increasing by 15%; anticipates a roughly 2% decline in North American automotive production for fiscal year 2027.
Strattec Security announced that for fiscal year 2026, revenue increased by 2.5% to $579.4 million, and adjusted EBITDA grew by 15% to $50.5 million. The company stated that restructuring, pricing act
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White House: Ford Motor Company to move Lincoln production back to the U.S., while General Motors, Honda, and several other automakers also expand domestic production in response to Donald Trump's trade policies
The White House announced that Ford Motor Company declared it would move the production of Lincoln models back to the United States, gradually stop importing from China, and create thousands of new Am
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TrueCar CEO Scott Painter Warns US-Canada Trade Uncertainty Poses Greater Threat to Auto Industry Than Tariffs Themselves, Disrupting Manufacturers' Decision-Making
Painter stated that while automakers can almost price in any kind of risk if they have some stability, the "cagey, sort of back and forth" nature of trade uncertainty makes it very difficult, highligh
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Detroit automakers plan to argue to the White House that a revised North American trade deal could cost them billions of dollars, according to sources.
Detroit automakers plan to argue to the White House that a revised North American trade deal could cost them billions of dollars, according to sources.
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BoJ Research: Japan's Auto Supply Chains Are Exceptionally Long, Bottlenecks Can Significantly Dampen Production
A Bank of Japan research paper found that Japan's manufacturing supply chains, especially in the auto sector, are exceptionally long and large-scale. Firms at the center of these chains exert a greate
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Ford's stock jumps as it matches GM by relying on traditional vehicles to limit sales decline
Ford's stock jumped after the company demonstrated a strategy similar to General Motors (GM), relying on pickup trucks and other traditionally powered vehicles. This approach helped Ford limit its sal
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The yen has fallen to a record low, which could bring $5.8 billion in profits to Japanese automakers
Svmuu News: Although Japan is trying to stem the yen’s slide to a 40-year low, the weak currency could bring Japanese automakers substantial windfall profits this year. Based on the companies’ forecas
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Major automakers including GM, Toyota, and Volkswagen back Trump administration's rollback of fuel economy rules, supporting a 34.9 mpg target by 2031
Major automakers including General Motors, Toyota, and Volkswagen have backed the Trump administration against a legal challenge by California and other states, supporting the rollback of fuel economy
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Ford CEO Jim Farley targets 5 million annual vehicle sales by 2032, a 20% increase from current volumes, according to The Wall Street Journal.
Ford CEO Jim Farley targets 5 million annual vehicle sales by 2032, a 20% increase from current volumes, according to The Wall Street Journal. The strategy includes five new models priced below $40,00
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Suzuki Motor's strategy for small-displacement gasoline cars in India faces headwinds as the country tightens emission standards.
Suzuki Motor's strategy for small-displacement gasoline cars in India faces headwinds as India tightens emission standards, with new regulations eliminating provisions favorable to small gasoline vehi
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Global Automakers' China Market Share Below 30% in Q3
Global automakers' market share in China fell below 30% in the third quarter, further declining from 34.6% in the same period last year, with deliveries totaling only 1.38 million units. According to
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Honda warns U.S. tariffs on Canadian vehicles would be 'catastrophic'
Honda Motor warns that a potential doubling of U.S. tariffs on Canadian vehicles and parts from 25% to 50% would be "catastrophic" for the entire automotive industry. American Honda Motor Co. senior v
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XPeng Group announced its global expansion progress, having reached distribution partnerships with local partners in Nigeria, Oman, Kuwait, and Albania, completing its market entry into these four countries. These newly entered markets span the Gulf, West Africa, and West Balkan regions.
XPeng Group announced its global expansion progress, having reached distribution partnerships with local partners in Nigeria, Oman, Kuwait, and Albania, completing its market entry into these four cou
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China's automobile production reached 23.37 million units, a year-on-year decrease of 4%
Cui Dongshu, Secretary General of the China Passenger Car Association (CPCA), stated in an article that from January to September 2026, China's automobile production reached 23.37 million units, a yea
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Audi CEO Gernot Dollner on October 25, 2026, defended the company's plan to build a new $4 billion factory in Georgia
Audi CEO Gernot Dollner on October 25, 2026, defended the company's plan to build a new $4 billion factory in Georgia, USA, calling it a business decision aimed at boosting sales and reducing the risk
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The report noted that registrations of Chinese brand cars in Europe approximately doubled compared to the same period last year
Chinese carmakers' sales in Europe surpassed those of Japanese manufacturers for the first time in the third quarter of this year (July to September), according to a Bloomberg report on the 26th. The
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Mitsubishi Motors is re-evaluating its strategic emphasis on Southeast Asia
Mitsubishi Motors is re-evaluating its strategic emphasis on Southeast Asia and will attempt to grow its market share in mature markets like the U.S. and Japan. This pivot comes as Chinese automakers
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Volkswagen plans to freeze wages until 2030 and expand its layoff target to 100,000 employees.
According to Germany's Süddeutsche Zeitung, German automotive giant Volkswagen's management has proposed in internal documents to extend a salary freeze plan until 2030, affecting hundreds of thousand
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EU Carmakers Hail France-Germany Emissions Deal, Providing Relief and Opening Door to UK
Europe's auto industry welcomed a deal between France and Germany on emissions, which provides relief for manufacturers grappling with high costs and intense Chinese competition, and opens the door to
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China's Changan Automobile Announces Major Management Reshuffle: Zhu Huarong No Longer Serves Concurrently as Chairman of the Listed Company
China Chang'an Automobile Group Co., Ltd. announced a new round of management adjustments on October 16. Zhu Huarong continues to serve as the Group's Party Secretary and Chairman, but will no longer
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Renault Group plans to launch its first electric vehicle in South Korea in 2028.
French automaker Renault Group plans to launch a South Korean-made electric vehicle (EV) in 2028, equipped with advanced driver-assistance technology. This move aims to accelerate its electrification
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Hyundai Motor Group Executive Chair Chung Euisun aims to transform the company into a physical AI powerhouse
Hyundai Motor Group Executive Chair Chung Euisun, who took the helm six years ago, is now steering the South Korean automotive giant beyond traditional vehicles towards physical AI. This initiative is
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EU hybrid curbs to offer only temporary respite against Chinese carmakers
Some western executives warn that the measures will only briefly protect European companies.
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Ford Selloff Tests Wall Street’s Faith in an Earnings Recovery
Ford Motor Co. shares have fallen sharply as enthusiasm around its earlier rally fades and a tougher economic backdrop weighs on the auto industry. Analyst price targets, however, remain elevated on h
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US finalizes new lower fuel economy standards in boost for gas-powered vehicles
US finalizes new lower fuel economy standards in boost for gas-powered vehicles
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U.S. Senators to delay attempt to win approval of permanent Chinese car ban until November, aides say
U.S. Senators to delay attempt to win approval of permanent Chinese car ban until November, aides say
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China's GAC Group to acquire FAW Group's 50% stake in Toyota JV
Guangzhou Automobile Group (GAC) has agreed to acquire peer FAW Group's 50% stake in a joint venture with Japan's Toyota Motor, marking a restructuring of state-backed players in China's auto industry
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Analysts say the cooperation between FAW Group and GAC Group signals a tipping point for consolidation in China's auto industry.
Nikkei Asia reported that the high-profile collaboration between China's two major state-owned automakers, FAW Group and GAC Group, may signal broader consolidation in the world's largest automotive m
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Suzuki Motor Corp. plans to halve new model development time and boost production efficiency by 50% by 2030.
Suzuki Motor Corp. said on Friday it aims to halve the development time for new car models and boost production efficiency by 50% by 2030, as it seeks to catch up with rapid changes in China's auto in
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Nikkei: Honda Motor plans to build a hybrid vehicle plant in the U.S. with an investment of nearly $2.5 billion.
Honda Motor is in the final stages of discussions to build a hybrid vehicle plant in the United States, with an investment of 300 billion to 400 billion yen (approximately $1.8 billion to $2.5 billion
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Pakistan's updated auto policy, requiring carmakers to export 12% of vehicle value, is likely to reignite WTO dispute with Japan
Pakistan's updated auto policy retains rules that Tokyo has already raised at the World Trade Organization, linking vehicle manufacturers' export performance to licensing and concessions on imported v
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