Automotive
Trump announces 25% tariffs on EU cars and trucks; bloc warns of retaliation in trade deal dispute
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US President Donald Trump announced on May 1, 2026, via Truth Social, 25% tariffs on cars and trucks imported from the European Union effective next week, claiming the bloc breached last summer's trade deal. The EU insists it is complying, demands clarifications, and reserves all options for retaliation, as Germany's auto sector braces for heavy impact.
General Motors has reached a settlement with California to pay $12.75 million in civil penalties over the sale of customers' driving data. The agreement also imposes a five-year ban on selling such information to consumer reporting agencies, adding to prior regulatory actions including a finalized FTC settlement earlier this year.
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Porsche is shutting down its electric bicycle subsidiary after nearly four years of operation. The move comes as the German automaker refocuses on its core business amid shifting market conditions.
At the Auto China 2026 in Beijing, Chinese firms like BYD and Geely unveiled advanced electric vehicles with up to 950 km range and fast charging. Some models could reach Mexico, though they target the Chinese market primarily. The US has blocked Chinese car sales.
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PT Mitra Pinasthika Mustika Tbk (MPMX) reported a net profit of Rp173 billion in Q1 2026, up 8% year-over-year despite a 4% decline in net revenue to Rp4.0 trillion. The company improved operational efficiency amid economic slowdown in the automotive sector. Group CFO Beatrice Kartika expressed optimism about sustained performance resilience.
Factory manager André Thierig announced at Hannover Messe that sick leave at Tesla's Gigafactory Berlin-Brandenburg has dropped below 5 percent. Following a reported loss of 1,700 workers earlier this year—reducing headcount to 10,703 from 12,415 in 2024—the plant now plans to hire 1,000 new staff amid aggressive efficiency measures.
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Tesla has launched a promotion granting one year of free Supercharging to buyers of new Model 3 Premium and Performance vehicles in North America. The offer begins at delivery and comes with certain restrictions. It aims to provide added value amid ongoing incentives for electric vehicle adoption.
China's intelligent vehicles showcase global reach at 2026 Beijing auto show
May 08, 2026 00:36Stellantis to build new Opel electric SUV in Zaragoza and transfer Madrid plant to Leapmotor
May 06, 2026 10:48First fully electronic braking system enters car
May 06, 2026 01:45Mahindra & Mahindra reports 42% Q4 profit surge
May 05, 2026 08:04Porsche unveils Cayenne Turbo Electric as its most powerful model
April 30, 2026 03:42Dreame unveils rocket-boosted EV hypercar concept
April 29, 2026 12:30GM Korea dismisses exit rumors with 2 million vehicle milestone
April 29, 2026 01:44GM's Super Cruise reaches one billion miles driven
April 28, 2026 17:46Denso withdraws Rohm takeover bid after failing to win support
April 27, 2026 00:58Chinese automakers lead Beijing Auto Show 2026 with electromobility focus