Keywords: Auto industry
Subaru has postponed the planned 2028 launch of fully in-house electric vehicles, marking a major adjustment in its electrification strategy. The Japanese automaker cited slowing demand for battery electric vehicles and shifting policy conditions in the United States as key factors behind the decision.......
Tariffs are expected to reduce annual operating profit at German automotive group Volkswagen AG by around €5 billion ($5.9 billion), according to CEO Oliver Blume. Speaking at an event in Barcelona, Blume said the measures represent a significant financial burden for the company, which remains......
The 2026 Beijing Auto Show, held from April 24 to May 3, marks a turning point in the global automotive landscape. With 1,451 vehicles on display, including 181 world premieres, the event has expanded far beyond a traditional exhibition. Covering 380,000 square meters across two major venues, it reflects......
Toyota Motor reported a second consecutive monthly decline in global vehicle sales in March 2026, reflecting weaker demand in key regions and disruptions linked to both supply chains and model transitions. The downturn comes despite record production levels, highlighting a widening gap between output......
An American content creator is drawing international attention to China’s rapidly evolving automotive sector by offering guided tours of vehicles rarely accessible to U.S. consumers. At the Beijing International Automotive Exhibition, YouTuber Ethan Robertson has been leading groups of foreign......
BMW warned that profits will decline in 2026 as higher tariffs, currency shifts, and rising costs weigh on the German luxury carmaker’s profitability, even as the company bets on its next generation of electric vehicles to drive long term growth. Speaking at its annual conference in Munich, the......
Volkswagen said it expects its operating margin to improve to between 4.0 percent and 5.5 percent in 2026 after a challenging 2025 marked by tariffs, rising competition from Chinese automakers, and the high cost of shifting toward electric vehicles. The German carmaker reported an operating margin of......
Stellantis revealed Thursday it will record about €22.2 billion in charges as part of a sweeping business reorganization, admitting the automaker vastly overestimated electric vehicle adoption rates and alienated customers in the process. This massive write-down ranks among the largest one-time......
CEOs of Europe's two largest carmakers are urging the European Union to shield the domestic auto industry from intensifying competition by Chinese manufacturers across the continent. Volkswagen CEO Oliver Blume and Stellantis CEO Antonio Filosa published a joint op-ed Wednesday evening in three......
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