Announced on July 24, 2025, Betamek Berhad, Malaysia, reported a strong Q1 FY2026 (April–June 2025) profit after tax of MYR 5.4 million, up from MYR 4.9 million in Q1 FY2025. Revenue rose 13.8% YoY to MYR 56.9 million, driven by higher sales of vehicle accessories and early contributions from non-automotive products.

A high-level meeting for July 25 was called off due to an unspecified urgent scheduling event for U.S. Treasury Secretary Scott Bessent. The meeting was set to bring together Bessent, U.S. Trade Representative (USTR) Jamieson Greer and South Korean counterparts, Finance Minister Koo Yun-cheol and Trade Minister Yeo H

On July 24, U.S. Commerce Secretary Harold Lutnick further described the USD 550 billion investment deal done with Japan to bring down their tariffs to 15% in a video posted on X. While initial announcements on July 22 were scant on facts, Lutnick has since gone on to describe the arrangement.
Lutnick emphasized the

On July 25, Volkswagen AG CEO Oliver Blume said he expected EU and U.S. negotiators to eventually agree on duties of around 15%, from the 27.5% the car industry faces currently. However, Volkswagen is also pursuing a separate offset deal with the Trump administration in return for raising its investment in the U.S.
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On July 25, U.S. President Trump told reporters outside the White House that his country may not reach a new trade deal with Canada and could simply impose more or higher tariffs on its northern neighbor, saying "We haven't really had a lot of luck with Canada". 
"I think Canada could be one where there's just a tari

On July 24, J.D. Power released its 2025 U.S. Automotive Performance, Execution and Layout (APEAL) Study, reporting that overall satisfaction is 851 (on a 1,000-point scale), an increase of 4 index points from a year ago and the highest level since the study was last redesigned in 2020. The gains were led by a 13-poi

GM’s Cruise unit announced it was cutting 101 jobs across three locations in the San Francisco Bay Area, according to state filings with the Employment Development Department posted July 3.
This latest round of layoffs will see Cruise cut 85 jobs at the company’s Bryant Street location in San Francisco. The company i

On July 22, tickets were announced for the 2025 Los Angeles Auto Show, returning to the Los Angeles Convention Center from November 21 to 30, 2025. This year's show introduces new attractions, immersive exhibits, and breakthrough technology showcases.
The latest EV, gas and hybrid vehicles will be available for test

On July 23, Volkswagen announced that it has begun exports of the Tera SUVW from the plant in Taubaté, Brazil where it is produced.
The Tera will begin shipments to Argentina, Aruba, Chile, Colombia, Costa Rica, Curacao, El Salvador, Guatemala, Honduras, Mexico, Paraguay and Uruguay. Tera exports are also already sch

On July 24, Mercedes Benz announced the key progress in the development of its all-electric VLE van, with prototypes passing major testing milestones across three areas of efficiency.
First, the VLE demonstrated excellent aerodynamics during wind tunnel tests in Stuttgart. The vehicle’s sleek design with a stretched

On July 24, Stellantis announced its partnership with 4screen, German based smart driver interaction platform, to offer real-time, location-based digital services in its vehicles. This will enhance the in-car experience for customers across Europe and North America.
The 4screen platform will first be available in sel

On August 1, Volkswagen Group announced its financial results for Q2 2025 and H1 2025.
In Q2 2025, sales revenue decreased 3.0% to EUR 80.8 billion, and the operating profit was down 29.4% to EUR 3.8 billion. The Group’s earnings after tax decreased 36.3% to EUR 2.3 billion.
Sales Volume in Q2 was down 1.2% year-on-y

On July 24, the CFE-CGC union confirmed that Stellantis will shut down its Douvrin plant in 2026, following an announcement at the Works Council meeting.
As Stellantis shifts toward electric mobility, with the nearby ACC gigafactory focusing on battery production, the union stresses the urgent need for proper support

On July 23, the Suez Canal Economic Zone (SCZONE) announced that its delegation had travelled to the Chinese province of Zhejiang. They visited a plant of the Lynk & Co factory in Ningbo to localize the automotive industry and to learn about modern technology in car manufacturing.
The delegation also participated in

On July 17, multiple sources reported that Ningbo Gaofa Automotive Control System Co., Ltd. will invest USD 20 million in Morocco. It will produce advanced safety systems, electronic control units, and transmissions. The company’s capital will fully fund the plant. 
Based on multiple sources 

On July 17, the Congolese government and the American company Kobold Metals signed an agreement on mining exploration in the Democratic Republic of Congo (DRC). Kobold will invest in Congo in the digitalization of geological data, exploitation using advanced technology, particularly artificial intelligence, and the m

On July 22, Innoviz Technologies Ltd. announced that its new InnovizSMART Long-Range lidar is now compatible with NVIDIA Jetson AGX Orin platform. By leveraging NVIDIA accelerated computing and edge computing functionalities, customers utilizing Innoviz's lidar solutions for smart applications are expected to experie

On July 24, the Society of Motor Manufacturers & Traders (SMMT) stated that the UK-India trade agreement represents a significant achievement, partially liberalising the Indian automotive market for the first time. 
While the highly complex deal confirms some compromises, its entry into force will provide commercial

On July 25, the Automotive Research Association of India (ARAI) awarded Central Motor Vehicle Rules (CMVR) compliance certificates to VinFast India Private Limited for its electric car models VF6 Earth and VF6 Wind.
The certification confirms that both models comply with Indian regulatory standards related to safety,

On July 24, Electra signed a green loan facility of up to EUR 433 million to support its future growth. It will be used to further accelerate the deployment of high-quality infrastructure. The transaction brings Electra’s total funding raised since inception to over EUR 1 billion.
Electra’s network currently spans ov