Ford Motor is expanding its aftermarket business through exclusive customization options, likened to 'Nike shoe drops', targeting the $53 billion U.S. aftermarket industry with special-edition vehicles and performance parts.
Porsche will eliminate 9,400 jobs by 2035, primarily in Germany, due to soaring costs, declining competitiveness, and energy policy challenges, with remaining employees facing slower wage growth and stricter work policies.
AstraZeneca's CEO Pascal Soriot warns the company must innovate at 'Chinese speed' to compete with emerging pharmaceutical rivals, citing the automotive industry's loss to Chinese electric vehicle dominance. Despite confidence in hitting $80bn 2030 sales targets, Soriot acknowledges the threat from Chinese innovators in novel drug technologies.
Tesla announces a wheelchair-accessible robotaxi, Uber influences autonomous vehicle adoption, and automotive security concerns emerge with hackable car alarms and self-driving car interference with first responders.
Il Ministro Urso ha presentato il programma di noleggio sociale a lungo termine per veicoli a basse emissioni, gestito da Mimit e Aci. Rivolto a famiglie con Isee sotto i 30mila euro, prevede un canone di 100 euro/mese per 36 mesi e rottamazione di un Euro 4.
Luxury car sales in China dropped significantly last month and in the first half of the year, with brands like Mercedes-Benz and Land Rover experiencing declines as wealthy consumers increasingly favor electric vehicles due to rising crude oil prices.
Latest tech and automotive news: Range Rover GT's impact on Jaguar, OpenAI models hacking Hugging Face, Best Buy's July sales, and Nvidia's AI chip ambitions.
The global semiconductor market shows the US leading in advanced AI chips, China dominating legacy integrated circuits, and East Asia controlling memory chips. China is also closing the gap in CPUs, intensifying competition and highlighting shifting regional specializations in the industry.
Analysts warn the automotive industry's widespread use of over-the-air (OTA) technology for vehicle updates heightens cyberattack risks, posing national security concerns. Investigations in Norway, UK, and Denmark follow a bus company's discovery of vulnerabilities.
India has outlined the process for importers to obtain government approval for reduced duties on UK automotive imports under the new free trade agreement. The Comprehensive Economic and Trade Agreement (CETA) will significantly lower import duties, with specific quotas for passenger and goods vehicles.
India's ER&D service companies likely experienced a mixed start to fiscal 2027, with Q1 revenue estimates showing a sequential range from 0.9% contraction to 1.5% growth in constant currency. Analysts point to a weak automotive market as a significant drag on the sector.
Wacoal, a leading domestic lingerie manufacturer, is entering the automotive industry by collaborating with BASF Japan. They will apply their proprietary 3D molding technology, 'Melooop,' originally developed for bra cups, to automotive parts like armrests, aiming for lightweight, eco-friendly, and cost-effective production.
Used all-electric vehicle prices are rising significantly, up 12% year-over-year, driven by high U.S. gas prices and the Iran conflict, according to Cox Automotive. Wholesale EV prices have increased 11.5% this year to $30,400.
Petróleo Brent e WTI sobem 2,6% com cotações a US$ 76,09 e US$ 72,25, respectivamente. Mercados asiáticos apresentam desempenho misto, com bolsas chinesas em alta impulsionadas por ações de tecnologia e IA, enquanto Tóquio, Seul e Austrália registram quedas.
The Czinger 21C hypercar, built by Czinger Vehicles using parent company Divergent Technologies' generative design and additive manufacturing, combines extreme performance with a revolutionary production method. It features a 1,250 hp hybrid V8 and has set multiple lap records.
The US-Mexico-Canada Agreement's first six-year review has begun, prompting the Alliance for American Manufacturing to urge the Trump administration not to renew it without stronger rules to prevent Chinese automakers from leveraging the pact to access the US market.
Goldman Sachs has significantly raised its forecast for China's passenger vehicle exports, projecting 7.8 million units in 2026 and 10 million by 2030. This increase is driven by the accelerating exports of competitive new-energy vehicle models and China's consolidating foothold in the global auto market.
Wolfgang Porsche has reportedly abandoned plans for a private 500-meter tunnel to his Salzburg villa, the Paschinger Schlössl, following public backlash over the 'tunnel for one' project. He has now put the historic property, once home to Stefan Zweig, on the market for €12.7m, with the tunnel's planning permission cited as a key selling point.
A record 156 new car models are expected to launch in the Chinese market in the second half of 2026, with 90% being EVs. This influx is intensifying competition and raising concerns about profitability for smaller players amidst a looming price war.
Honda is reportedly planning to revive the Element as an affordable hybrid SUV, potentially debuting in 2029 to compete with the Ford Bronco Sport. The new model would be built in Ohio and positioned between the HR-V and CR-V, with an estimated starting price of $30,000-$35,000.
Writing Ford July 24th $13.50 strike puts at $0.45 premium offers a 3.3% yield. The strategy benefits from Ford repurposing EV facilities for cash-cow segments like heavy-duty trucks, supported by moderating fuel prices and resolving supply chain issues.
Delhi's traditional auto repair and used car markets face challenges adapting to the rise of electric vehicles (EVs). Mechanics lack training for EV-specific repairs, while dealers worry about battery costs and resale value, as the city pushes for greater EV adoption.
India and the UK will implement their Comprehensive Economic and Trade Agreement (CETA) from July 15, aiming to expand market access, reduce tariffs, and deepen cooperation. The pact is expected to open a market worth over $500 billion for Indian exporters and includes provisions for the automotive and spirits sectors.
Ineos Automotive is partnering with SMT Defence and NMS UK for the UK Ministry of Defense's Light Mobility Vehicle program, using its Grenadier 4x4 as a base. This collaboration highlights a growing trend of European automakers shifting towards defense contracts amid a crisis in the EV market.
