Automotive Industry

Chile's National Automotive Association (ANAC) reported 11,910 units of zero and low-emission vehicles sold in the first three months of 2026, a 94% increase from last year. This marks a record market share of 15.9%. March sales surged 148% to 5,893 units.

March 10, 2026 Reported by AI

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.

In July 2026, Mexico, the United States, and Canada will begin the review of the United States-Mexico-Canada Agreement (USMCA), a pivotal process that could extend the deal for another 16 years or lead to prolonged negotiations. This evaluation occurs amid political tensions, with voices from Washington suggesting the U.S. could thrive without the treaty, and aligns with challenges in Mexico's automotive industry, which is seeing export declines and the influx of Chinese vehicles. Business leaders and experts stress the need for regional integration to sustain competitiveness.

January 26, 2026 Reported by AI

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).

Following initial reports last week, the EU Commission has detailed its proposal to replace the 2035 total ban on new petrol and diesel cars with a 90% emissions reduction requirement. Hybrids remain viable via offsets like biofuels, prompting support from Christian Democrats but criticism from Social Democrats and Volvo.

December 14, 2025 Reported by AI

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.