Despite President Trump’s recent move to impose a 35% tariff on Canadian goods, most exports from Canada and Mexico remain unaffected due to the United States-Mexico-Canada Agreement (USMCA). Nearly 90% of Canadian exports and over 84% of Mexican exports to the U.S. continue to enter duty-free, shielding key supplier

Noveon Magnetics announced that it reached a multi-year supply agreement with General Motors to provide rare earth magnets for a wide range of vehicle components. Noveon started production prior to the development of the agreement and began rear earth magnet deliveries to GM in July 2025. Under the supply agreement,

On August 5, 2025, the Lucid Group announced financial results for its second quarter ended June 30, 2025.
     •    Lucid reported Q2 revenue of USD 259.4 million, an increase of 29.3% from Q2 2024.
     •    The company delivered 3,309 vehicles in Q2, an increase of 38.2% compared to Q2 2024.
     •    Lucid produc

On August 4, 2025, Amazon Autos announced that it is expanding its online sale services to include used and certified pre-owned (CPO) vehicles. Amazon Autos will begin offering used and CPO vehicles in Los Angeles and will slowly expand its used vehicle offerings to other cities in the coming months.
The Amazon Autos

On July 31, 2025, Lyft, Inc. announced that it had completed the acquisition of FREENOW, a mobility-as-a-service platform with operations focused primarily in Europe. FREENOW is a taxi app that provides access to multi-mobility options including taxis, private vehicles, car sharing, e-scooters, and e-bikes within a s

On August 6, Uno Minda Limited announced that it will invest up to Euro 5 million in an additional equity stake of Clarton Horn, S.A.U., Spain (a wholly owned step-down subsidiary), through its wholly owned subsidiary Global Mazinkert, S.L. The investment is intended to support the working capital requirements of Cla

In its annual report for FY 2024-25, Maruti Suzuki India (MSIL) announced that a recent Chinese requirement for export licenses on rare earth magnets has created new uncertainty for the auto industry. MSIL reported no production losses so far and hopes export licenses will be issued soon.
The company also pointed to

In its FY 2024-25 annual report, Hyundai Motor India announced it has adopted a data-driven manufacturing setup by digitally connecting over 2,000 critical pieces of equipment to its IIOT network, generating 19 billion data points annually. By leveraging AI, machine learning, and deep learning, the company deploys th

Oben Electric has launched the next-generation Rorr EZ Sigma electric commuter motorcycle at an introductory price of INR 127 thousand for the 3.4 kWh variant and INR 137 thousand for the 4.4 kWh variant. The Rorr EZ Sigma uses an LFP battery and offers two battery options. It reaches a top speed of 95 km/h, accelera

On August 2, Erisha Smart Manufacturing Hub announced plans for a state-of-the-art facility at Al Ghail Industrial Park, Ras Al Khaimah, spanning roughly 15 million square feet. The development will be a fully integrated, mixed-use hub designed to support over 150 industries. It will bring together industrial, reside

On July 23, it was reported that Nakata, a Frasle Mobility brand, launched a pilot project at its Extrema plant in Brazil to improve workplace ergonomics using AI.
The AI tool monitors production environments via video, analyzing workers’ movements to detect posture issues and support continuous improvements in emplo

On August 6, Stellantis unveiled the new Leapmotor C10 with 81.9kWh AWD, a powerful electric SUV that will debut at the Zurich Auto Show in October 2025. It is designed for drivers who want more range, faster charging, and strong performance without sacrificing comfort.
The model features next-gen technology and an 8

On August 5, Stellantis unveiled the Opel Frontera Hybrid in GS trim, which comes with the option of seven seats. The hybrid system generates output of 81 kW/ 110 hp.
The SUV measures 4,385 mm x 1,849 mm wide (with folded mirrors) x 1,635 mm (LxWxH), and has a 2,670 mm wheelbase. The five-seater version offers 460 li

On August 4, multiple sources reported that JSC Ausmah SV plans to begin serial production of trucks under the Ausmah brand in the first quarter of 2026.
The company plans to produce around 900 vehicles next year, including chassis with weights of 3.5, 5, 8, and 12 tonnes. After that, it aims to make over 5,000 vehic

On August 5, Nissan announced that, following further testing, the new Nissan Micra offers a longer driving range than originally estimated. The 52kWh battery now offers up to 260 miles, while the 40kWh version delivers 198 miles, representing gains of +7 and +6 miles respectively compared to the previously announced

Continental AG (Continental) plans to list its Automotive group sector as an independent company under the name AUMOVIO on September 18, 2025.
In Q2/2025, the Automotive division reported sales of EUR 4.7 billion, down 5% year-on-year. Despite declining automotive markets in Europe and North America, the division ach

During the meeting at the Ministry of Business and Made in Italy on August 5, 2025, Lear Corporation announced ongoing negotiations with an Italian-Chinese investor to implement a reindustrialization project at its Turin plant.
The proposed plan, which is expected to create employment for approximately 200-250 worker

Honda's FY2025 first quarter financial results were announced.
Revenue decreased 1.2% YoY to JPY 5,340.3 billion. It was a JPY 64.6 billion decrease over the previous year's JPY 5,404.9 billion.
Operating income fell 49.6% YoY to JPY 244.2 billion. This was a decrease of JPY 240.5 billion from the JPY 484.7 billion

UK passenger car sales decreased 5.0% to 140,154 units in July 2025, according to the data released by the Society of Motor Manufacturers and Traders (SMMT) on August 5. Year-to-date sales increased 2.4% with 1,182,373 cars registered in the January-July period of 2025.
July sales for VW fell 4.2% to 13,452 units (9.

The number of July new passenger car registrations in Germany was 264,802 units, up 11.1% from the same month last year, and the total sales for the first seven months of 2025 was 1,667,591 units, down 2.5% from the same period last year, according to the figures released by the Germany Federal Motor Vehicle Office (