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Keywords: Automotive industry
Mercedes-Benz delivered mixed financial results in the second quarter of 2026, with stronger operating profitability offsetting a decline in revenue and weaker global vehicle sales. The German automaker benefited from solid performances in its financial services and commercial vehicle divisions, but......
Mercedes-Benz is preparing to defend its position in the United States as political scrutiny over Chinese-linked investments intensifies, with the company's leadership signaling its readiness to adapt to any new regulatory framework that could affect its operations. Speaking alongside the release......
German luxury sports car manufacturer Porsche is preparing to reduce its workforce by around 5,000 positions over the coming years as part of a broader restructuring plan aimed at cutting costs and improving operational efficiency. Under an agreement reached with employee representatives, the workforce......
Chinese electric vehicle manufacturer BYD has made a major move into one of Japan’s most distinctive automotive segments by launching an electric kei car, becoming the first foreign automaker to challenge a market historically dominated by Japanese brands. The announcement marks a strategic expansion......
Italian mobility group Piaggio has announced plans to increase its interim dividend after delivering stronger-than-expected second-quarter results, supported by higher vehicle sales and improved profitability. The company behind the iconic Vespa scooter brand reported a significant rise in operating......
Stellantis is accelerating its strategic refocus on vehicle manufacturing by divesting its Free2move car-sharing business, marking another step in CEO Antonio Filosa's plan to streamline the group's operations and prioritize its core automotive activities. The French-Italian automaker confirmed......
The joint battery factory project developed by CATL and Stellantis in northeastern Spain will rely on a significant Chinese workforce during its construction phase, as the partners accelerate efforts to establish a major electric vehicle battery production hub in Europe. The facility, located in the......
Audi is preparing to deepen its collaboration with parent company Volkswagen as the premium carmaker seeks to reposition its business in response to weakening demand in key international markets and growing pressure across the global automotive industry. The strategic direction was outlined by Audi......
Renault is strengthening Morocco's role within its global manufacturing network, increasingly allocating production of new vehicle models to the North African country as the company seeks to improve efficiency, lower costs and accelerate its industrial transformation. The strategic shift reflects......