automotive industry

Chinese automakers outsell Japanese rivals in Europe for first time

Chinese automakers outsold Japanese brands in Europe for the first time in May, a milestone that underscores the speed at which China's auto industry is reshaping global competition even as its domestic market contracts sharply.

Tesla’s China share drops below 30% despite record Q2

Tesla delivered 126,157 vehicles in China during the second quarter of 2026, accounting for just 26.28% of its global deliveries — the first time the figure has fallen below 30% since late 2020, according to CnEVPost data published Thursday. The…

Tesla Q2 deliveries crush estimates with 480,000 units

Tesla delivered 480,126 electric vehicles in the second quarter of 2026, the company announced on Thursday, blowing past Wall Street estimates and marking a 25% increase from the 384,122 vehicles delivered in the same period a year ago.

BYD set to reclaim global EV sales crown from Tesla in Q2

BYD reported 557,090 battery-electric passenger vehicle sales in the second quarter of 2026, a figure that will almost certainly surpass Tesla's quarterly deliveries and return the Chinese automaker to its position as the world's top seller of fully electric vehicles.

Ferrari and BMW switch to aluminum wiring as copper prices hit records

Ferrari and BMW Bayerische Motoren Werke AG are rolling out new models with aluminium wiring, joining Tesla and several Chinese electric vehicle makers in an industry-wide shift away from copper that could reshape demand for one of the world's most…

VW advisers push sale of Ducati, Lamborghini after Everllence deal

Volkswagen is facing mounting pressure to sell prized brands including Ducati and Lamborghini as its financial crisis deepens, with advisers pushing the automaker to capitalize on the momentum from its recent Everllence divestiture, according to a report in the Financial…

Volkswagen stock nears 15-year low on reports of 100,000 job cuts

Shares in Volkswagen AG fell nearly 2% on Monday to approach their lowest level since October 2010, after reports emerged that the automaker is preparing to eliminate up to 100,000 jobs and close four German factories in one of the…

Volkswagen to end Bosch self-driving partnership after €1.5B investment

Volkswagen plans to terminate its automated driving partnership with Bosch, ending a collaboration that absorbed roughly €1.5 billion without delivering competitive technology, according to a report by Germany's Bild newspaper on Sunday.

VW CEO plans to cut 100,000 jobs worldwide, report says

Volkswagen CEO Oliver Blume is planning to eliminate up to 100,000 jobs worldwide over the coming years, according to a report by Manager Magazin published on Wednesday, marking a dramatic escalation of the German automaker's already sweeping restructuring campaign.

Chinese brands capture record 11.4% of Europe’s car market

Chinese automakers seized a record 11.4% of Europe's new-car market in May, according to data released Tuesday by the European Automobile Manufacturers' Association (ACEA), as brands led by BYD, Geely, and SAIC continue to redraw the competitive landscape of the…

Toyota expands overseas production cuts to 100,000 vehicles amid Hormuz crisis

Toyota is scaling back overseas vehicle production by approximately 100,000 units through February 2027, according to reporting by Nikkei, as the automaker grapples with weakening demand and logistical disruptions tied to the de facto closure of the Strait of Hormuz.

Electric vehicles hit 20% of EU car sales in 2026

The European Union's new car market grew for a fourth consecutive month in May, with battery-electric vehicles continuing to reshape the continent's automotive landscape, according to data released Tuesday by the European Automobile Manufacturers' Association (ACEA).

Toyota, Nissan warn Japanese buyers of US-built car defects

Toyota and Nissan are warning Japanese customers that vehicles built in American factories and exported to Japan may not meet the cosmetic standards typically expected in the domestic market. The disclaimers, published on the automakers' Japanese retail pages, flag potential…

BYD plans to bring Great Tang SUV to Europe by late 2026

BYD is preparing to bring its flagship Great Tang electric SUV to Europe as soon as the end of this year or early 2027, as the Chinese automaker looks to capitalize on record domestic demand for the seven-seat vehicle.

BYD launches flagship Datang SUV after record 150,000 preorders

BYD officially launched its Great Tang full-size electric SUV on Wednesday, June 17, confirming over 150,000 pre-orders — the highest pre-launch total for any single model in the Chinese automaker's history. The seven-seat flagship undercuts its own pre-sale pricing, starting…

VW CEO lays out sweeping restructuring at annual meeting

Volkswagen CEO Oliver Blume used the automaker's annual general meeting on Thursday to lay out a sweeping plan for the future, warning shareholders that rising geopolitical tensions, fierce competition, and trade barriers demand faster and deeper changes at Europe's largest…

Bosch targets 1 billion euros in humanoid robot revenue

German industrial giant Bosch announced on Wednesday that it is stepping up investment in humanoid robotics, targeting an additional one billion euros in annual revenue from the sector as its traditional automotive business continues to face competitive and pricing headwinds.

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Volvo Cars Q1 profit beats expectations despite sales decline

Volvo Cars on Wednesday reported a first-quarter operating profit of 1.6 billion Swedish kronor ($172 million), beating analyst expectations even as revenue and overall sales declined amid tariffs, intensifying competition, and broader economic uncertainty.