Automotive Industry

Sports car maker Porsche reported a 91.4 percent profit drop for 2025, reducing net profit to 310 million euros. Revenue fell by about ten percent to 36.3 billion euros, weighed down by strategic shifts, challenges in China, and US tariffs. New CEO Michael Leiters plans a company realignment.

February 26, 2026 Reported by AI

A new purchase premium for electric cars aims to bring more E-vehicles onto the roads. However, it poses a significant challenge for car dealers. Association chief Burkhard Weller describes the situation in an RND interview as a catastrophe.

Twelve automotive companies from Aguascalientes will participate in a training program in Japan from February 1 to 16, aiming to boost their competitiveness and position the state as a leader in electromobility in Mexico. Governor Tere Jiménez announced the initiative, supported by Japan's International Cooperation Agency (JICA).

January 15, 2026 Reported by AI

The German government is introducing a new purchase premium for electric cars, retroactive for vehicles newly registered since the start of the year. Subsidies ranging from 1,500 to 6,000 euros will be available based on income and family status. Environment Minister Carsten Schneider views it as a boost for the domestic automotive industry.

Building on initial December promotions amid global sales challenges, Tesla details U.S.-focused incentives like zero-percent financing, $299 monthly leases, and three months of free Full Self-Driving to clear inventory and offset lost federal tax credits after November's sub-40,000 unit sales.

December 09, 2025 Reported by AI

Tesla faces growing competition in Europe's autonomous vehicle market as Stellantis partners with ride-hailing firm Bolt for driverless trials starting in 2026. Meanwhile, Tesla extends its Full Self-Driving demo program amid declining sales. Ford and Renault also team up to launch affordable EVs, intensifying pressure on Tesla.