Toyota's FY2024 full-year financial results were announced.
Revenue increased 6.5% YoY to JPY 48,036.7 billion. This was a JPY 2,941.4 billion increase over the previous year's JPY 45,095.3 billion.
Operating income fell 10.4% YoY to JPY 4,795.6 billion. This was a decrease of JPY 557.3 billion from the JPY 5,352.9

On May 6, 2025, VinFast officially launched the VF 6, a B-segment electric SUV, in Indonesia. Available in Eco and Plus variants, the vehicle is priced from IDR 384,995,000 and IDR 439,600,000 (OTR Jakarta), respectively, with deliveries expected to begin in June 2025.
Designed for urban commuting, the VF 6 features

Announced on May 6, 2025, Proton, Malaysia achieved a notable sales increase in April 2025, reaching 12,692 units (domestic and export), marking a 14.7% YoY rise and securing a market share of 20.8%. This performance stands out despite a slower overall automotive market. Proton maintained its 2nd-place position in Ma

Reported on May 6, 2025, Indonesia’s Minister of Investment and Head of the Investment Coordinating Board (BKPM) has announced enhanced incentives for EV manufacturers based on their level of local content (TKDN). The higher the TKDN, the greater the incentives provided.
Currently, 7 EV manufacturers—VinFast, Volkswa

On May 7, 2025, Polestar announced the introduction of Battery State-of-Health (BSOH) certificates for used Polestar 2 vehicles.
This initiative, part of the Polestar Pre-owned programme, provides buyers with transparent information about the battery's remaining capacity, enhancing confidence in used EV purchases.
Ea

On April 30, 2025, Dongsung Chemical, a South Korea-based eco-friendly materials science company, inaugurated a new polyurethane (PU) production plant spanning 81,000 sqm in Karawang, Indonesia. Construction started in September 2023, with trial production completed in early 2025 and full-scale operations commencing

On April 30, 2025, Indonesia’s Minister of Investment and Downstream Industry and Head of the Investment Coordinating Board (BKPM) attended the inauguration of South Korea-based Dongsung Chemical’s new PU production facility in Karawang, the most advanced PU system production base in Southeast Asia.
The company’s PU

On May 6, Rivian announced results from the first quarter of 2025. In Q1 2025, Rivian produced 14,611 and delivered 8,640 vehicles from its manufacturing facility in Normal, Illinois.
   • Total automotive revenues Q1 2025 were USD 922 million compared to USD 1.1 billion in the same period in 2024, driven in part by

On May 6, the Lucid Group announced financial results for its first quarter ended March 31, 2025. 
     •    Lucid reported Q1 revenue of USD 235.0 million, up 36.1% from that in Q1 2024
     •    The company delivered 3,109 vehicles in Q1, up 58.1% compared to Q1 2024
     •    Lucid produced 2,212 vehicles in Q1, e

On May 6, U.S. President Donald Trump, during a meeting at the White House with Canadian Prime Minister Mark Carney, announced a shift in approach to international trade negotiations. Trump indicated that he would dictate tariff levels and trade concessions for countries seeking to avoid higher duties, a departure fr

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