On May 5, Ford reported that its Q1 2025 revenue declined 5.0% YoY to USD 40.7 billion and its net profit declined 64.6% to USD 471 million from USD 1.3 billion in 2024.
Operating income was USD 319 million compared to USD 1.2 billion in Q1 2024.
Adjusted EBIT of USD 1.0 billion was down 63.1% in Q1 compared to USD 2

As of May 2, Ford Motor Co. has been increasing dealer prices on its Mexico-built vehicles by as much as USD 2,000, becoming one of the first OEMs to announce a price hike because of tariffs.
Changes on dealer invoices that became effective on May 2 for the Maverick pickup, Bronco Sport SUV and Mustang Mach-E electri

On May 7, Volvo Cars said it will make production changes and cut 5% of the workforce at its U.S. plant due to changing market conditions and evolving trade policies, including tariffs.
A Volvo spokesperson said the changes would affect 125 of the 2,500 employees at its plant in Ridgeville, South Carolina. It was not

On May 5, Jeep unveiled the redesigned next-gen Compass SUV in Europe, but while European customers are able to order one now, with deliveries set for later this year, Stellantis remains unclear when or if the crossover will eventually be offered in North America. 
The original plan was to build the next-generation C

On May 7, AEye, Inc., a leader in adaptive, high-performance lidar solutions, announced it has successfully produced the first Apollo lidar sensors from the LITEON manufacturing line in Taipei, Taiwan. This achievement is a key milestone as California-based AEye positions Apollo for high-volume production. 
Designed

On May 6, multiple sources reported that Stellantis plans to cut about 200 jobs at its Termoli plant in Italy. The company aims to do this through voluntary exits, a strategy it has used before in other Italian factories.
An early retirement plan is being prepared for workers close to retirement age. Those who qualif

On May 7, Volvo unveiled the new XC70 model which is Volvo's first extended-range plug-in hybrid SUV, offering up to 200 km of electric-only driving — the longest for any Volvo hybrid so far.
It’s built on Volvo’s new SMA (Scalable Modular Architecture) platform, designed for premium plug-in hybrids. The XC70 will la

On May 7, BMW Group announced that in Q1 2025, group revenues decreased 7.8% YoY to EUR 33.8 billion, EBIT was down 22.5% YoY to EUR 3.1 billion, and net profit decreased 26.4% YoY to EUR 2.2 billion.
The automotive EBIT totaled EUR 2 billion for Q1, down 25.3% YoY with a 6.9% margin at the upper end of the 5–7% targ

On May 7, BMW announced that it is planning to launch over 40 new or refreshed models, including electric, plug-in hybrid, and combustion engine vehicles—all featuring NEUE KLASSE technology and design by 2027.
It will start series production of the NEUE KLASSE at its new Debrecen plant in Hungary later this year, be

On April 30, Aston Martin announced that it is closely watching the changing U.S. tariff situation and is limiting imports for now, relying on existing stock at U.S. dealers. The company will adjust plans as needed based on future developments.
As shared on March 31, 2025, the expected impact of U.S. tariffs led to a

On May 6, the United Kingdom and India concluded talks on a comprehensive Free Trade Agreement (FTA) that is set to benefit the automotive sectors in both countries. As part of the agreement, India will cut tariffs on 85% of tariff lines covering 66% of existing UK exports, including key automotive products. UK car m

On May 7, the Automotive Research Association of India (ARAI) announced that Hyundai Motor India Ltd. has successfully obtained CMVR compliance certificates for its M1 category vehicles to operate on E20 fuel. This certification confirms that Hyundai’s passenger vehicles now meet regulatory requirements for compatibi

On May 7, Odysse Electric Vehicles launched HyFy, a low-speed electric scooter priced at INR 42,000. The scooter is powered by a 250W motor and is available with two battery options—48V and 60V. It has a top speed of 25 kmph and has a range of 70 to 89 km per charge. The charging time for the scooter varies between 4

On May 5, TVS Motor Company confirmed that Norton motorcycle products will be launched by the fourth quarter of FY 2026. TVS clarified that when it acquired Norton, it had only acquired the brand, with no existing product lineup in place. Since then, it has focused its investments on product development, which is now

On May 6, Innoviz Technologies Ltd announced an expansion of the multi-year NRE (Non-Recurring Engineering) payment plan initially announced in December 2024. The NRE payment plan is the outcome of development activities that Innoviz has performed and will continue to perform for its key existing customers. 
The expa

On May 4, multiple sources reported that Chinese tire manufacturer Sentury Tire abandoned its plan to establish a factory in the As Pontes region of Galicia, Spain, and transfer all funding to its existing factory in Tangier, Morocco. The Tangier plant started production in September 2023. The investment will expand

On May 4, the Iran Chamber of Commerce, Industries, Mines, and Agriculture, met with Sweden’s ambassador to Tehran to invite Sweden to restart joint investment projects in Iran’s automotive and electricity sectors. The Chamber's president encouraged Sweden to revive past successful ventures like joint vehicle manufac

On May 5, IRP has joined CIAC – Clúster de la Indústria d’Automoció de Catalunya, a key hub driving innovation and collaboration across Catalonia’s evolving automotive industry. This step aligns with its mission to accelerate e-mobility adoption through advanced, software-defined, and modular powertrain solutions.
Ba

On May 5, SGL Carbon announced that it has decided to close its production site in Lavradio as part of the restructuring of its loss-making Carbon Fibers business unit. Lavradio is one of seven sites in the Carbon Fibers business unit and currently employs around 250 people to manufacture acrylic fibers and precursor

On May 6, Acconeer announced that the kick sensor of the new Jeep Compass is powered by its A121 Radar Sensor.  Designed to withstand outdoor environments, the sensor delivers reliable and precise detections in any weather. The accuracy of the A121 radar sensor prevents false triggers from passing pedestrians or obje