Renault Group’s operating profit down 24.8% to EUR 1.65 billion in H1 2025 On July 31, Renault Group reported that its H1 2025 revenue increased 2.5% YoY to EUR 27.6 billion from H1 2024. The automotive revenue increased 0.5% YoY to EUR 24.5 billion from H1 2024. For Renault Group, the operating profit for H1 2025 is EUR 1.65 billion (i.e., 6.0% of revenue) decrease by 24.8% compared to EUR 2.2 billion (i.e., 8.1% of revenue) in H1 2024. The Au...

News  Updated at: 2025/07/31

Magyar Suzuki, Hungary announces EUR 24.5 million investment to modernize Esztergom plant On July 29, the Hungarian Investment Promotion Agency (HIPA)announced that Magyar Suzuki Zrt. has announced an investment of nearly EUR 24.5 million at its Esztergom plant, aimed at plant modernization, enhancing efficiency, fully utilizing existing capacity, adapting flexibly to future demands, and moving toward carbon-neutral operations. The project aims ...

News  Updated at: 2025/07/29

U.S.- EU trade deal hopes diminish, Europe vows response to Trump tariff threats The European Commission had appeared on course for an agreement in which the EU would still have faced a 10% U.S. tariff on most of its exports, with some concessions. Those hopes appear ended after President Trump's threat to impose a 30% tariff by August 1, and following talks between EU Trade Commissioner Maroš Šefčovič and U.S. counterparts in Washington D.C....

News  Updated at: 2025/07/22

EU plans to join other nations hit by U.S. tariffs The EU is preparing to step up its engagement with other countries hit by Trump’s tariffs following new threats to U.S. trading partners, according to people familiar with the matter. Contacts and potential coordination will take place with nations, including Canada and Japan, said the people. The move comes as talks between the EU and U.S. are stalled on several issues, including cars and tari...

News  Updated at: 2025/07/15

French passenger car sales down 6.7% in June Plateforme de la Filière Automobile (PFA) announced that June new passenger car sales in France of 169,504 units decreased 6.7% over the same month last year.  Renault Group sales of 49,767 units increased 5.1% (29.4% share) while Group Stellantis sales of 41,809 units decreased 8% (24.7% share). Volkswagen Group sales of 26,637 units decreased 10.3% (15.7% share) while Toyota Group sales of 10,407 u...

News  Updated at: 2025/07/02

ASK Automotive, India to form JV with Germany’s TDH for sunroof control cables On June 25, ASK Automotive Limited announced that its Board of Directors has approved entering a joint venture with T.D. Holding GMBH (TDH) for the manufacture, marketing, and sale of sunroof control cables and/or helix cables for passenger vehicles.  As part of the arrangement, ASK Automotive will hold a 49% stake in the JV and will invest up to INR 24.5 million i...

News  Updated at: 2025/06/26

China’s installed drive battery capacity increases 52.8% y/y in April On May 12, the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA) released monthly drive battery data for April 2025. In April, China’s total installed drive battery capacity was 54.1GWh, registering a year-over-year (y/y) increase of 52.8%. Specifically, capacity of ternary batteries for vehicle equipment totaled 9.3GWh, accounting for 17.2% of the total...

News  Updated at: 2025/05/14

Honda operating profit down 12.2% to JPY1.2135 trillion for FY2024 On May 13, Honda Motor Co., Ltd. announced its financial results for FY2024 (April 1, 2024 through March 31, 2025). Sales revenue increased 6.2% year-on-year (y/y) to JPY 21.6888 trillion, operating profit decreased 12.2% to JPY 1.2135 trillion and profit for the year attributable to owners of the parent dropped 24.5% to JPY 835.8 billion, and operating profit margin was 5.6%. Mot...

News  Updated at: 2025/05/13

Flash Report: Honda's operating income for the full 2024 fiscal year decreased by 12.2% to JPY 1,213.5 billion Honda's FY2024 full-year financial results were announced. Revenue increased 6.2% YoY to JPY 21,688.8 billion. This was a JPY 1,260.0 billion increase over the previous year's JPY 20,428.8 billion. Operating income fell 12.2% YoY to JPY 1,213.5 billion. This was a decrease of JPY 168.5 billion from the JPY 1,382.0 billion in the previous...

News  Updated at: 2025/05/13

Indian passenger vehicle retail sales increase by 1.6% in April 2025 On May 5, the Federation of Automobile Dealers Associations (FADA) announced that the retail sales of passenger vehicles (PV) increased by 1.6% to 349,939 units in April 2025 against 344,594 units in April 2024. Commercial vehicle (CV) sales decreased by 1.0% YoY in April 2025 to 90,558 units against 91,516 units last year. Two-wheeler (2W) sales increased by 2.3% YoY to 1,686,...

News  Updated at: 2025/05/05

EU passenger car sales up 2.8% in March 2025 On April 24, the European Automobile Manufacturers Association (ACEA) announced new passenger car registrations for March 2025. Passenger car sales in the European Union (EU), European Free Trade Association (EFTA), and the United Kingdom (UK) increased 2.8% year-on-year to 1,422,628 units in March, while year-to-date sales decreased 0.4% to 3,382,057 units.   March sales in the EU decreased 0.2% to ...

News  Updated at: 2025/04/25

Ford’s U.S. retail sales up ahead of tariffs, though down 1.3% overall in Q1 On April 1, Ford Motor Co. reported Q1 2024 U.S. sales of 501,291 units, a 1.3% decrease from the same quarter in 2024. While fleet sales were affected negatively, retail sales were up about 5% in the quarter and up 19% in March alone as consumers made their purchase decisions ahead of the imposition of new tariffs expected on April 2. Of the quarter’s totals, 477,56...

News  Updated at: 2025/04/02

Mexican auto exports down 13.7% in January 2025 OEMs with manufacturing operations in Mexico exported 219,414 light vehicles in January 2025, a 13.7% decrease compared to the 254,367 units shipped in January 2024, according to the National Institute of Statistics and Geography (INEGI). OEMs with increased exports in January included Toyota with a 324.5% increase to 23,638 units; Audi with a 103.8% increase to 6,870 units; Kia with a 23.1% increas...

News  Updated at: 2025/02/12

DFMC launches 400kW hydrogen fuel cell stack On January 15, Dongfeng Motor Corporation (DFMC) launched an in-house developed 400kW hydrogen fuel cell stack in Wuhan. The DFMC 400kW hydrogen fuel cell stack, a product with core competitiveness tailored for 49t heavy-duty trucks, delivers a single-stack power of over 400kW and boasts high power density, high efficiency, long service life, and strong environmental adaptability. The hydrogen fuel cel...

News  Updated at: 2025/01/17

Mexican auto exports down 5.8% in December but up 5.4% for full year 2024 OEMs with manufacturing operations in Mexico exported 265,954 light vehicles in December 2024, a 5.8% decrease compared to the 282,316 units shipped in December 2023, according to the National Institute of Statistics and Geography (INEGI). OEMs with increased exports in December included Toyota with a 541.4% increase to 20,530 units; Kia with a 38.0% increase to 15,373 unit...

News  Updated at: 2025/01/10

Italian passenger car sales decrease 4.9% in December, decrease 0.5% for 2024 On January 2, the Italian automobile manufacturers association (ANFIA) announced that passenger car registrations of 105,715 units in December decreased 4,9% over the same month in 2023.Total sales in 2024 were 1,558,704 units, a 0.5% decrease from that of 2023.In 2024, Fiat brand registrations decreased 17.6% (9.2% market share), Toyota registrations increased 24.5% (7...

News  Updated at: 2025/01/06

China's Pony AI seeks valuation of up to USD 4.55 billion in upsized U.S. stock IPO On November 21, Pony AI said it is targeting a valuation of up to USD 4.55 billion in its upsized U.S. initial public offering, indicating strong demand for the Chinese robotaxi firm’s long-sought New York listing. Toyota-backed Pony is now seeking up to USD 260 million by offering 20 million American depositary shares priced between USD 11-13 each, an increase ...

News  Updated at: 2024/11/22

Hero MotoCorp, India presents new two-wheelers at EICMA 2024, Italy On November 5, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, unveiled new motorcycles and an electric scooter at the EICMA 2024. it unveiled three new motorcycles, Xpulse 210, Xtreme 250R, Karizma XMR 250, as well as VIDA Z electric scooter.  The VIDA Z comes with a permanent magnet synchronous motor (PMSM) drive train. The modular architecture c...

News  Updated at: 2024/11/06

UK passenger car sales fall 6.0% in October UK passenger car sales fell 6.0% to 144,288 units in October 2024, according to the Society of Motor Manufacturers and Traders (SMMT) on November 5. Year-to-date sales increased 3.3% with 1,658,382 cars registered in the first ten months of 2024. In October, sales for VW increased 1.8% to 13,294 units (9.2% market share), BMW sales dropped 15.9% to 9,407 units (6.5% share), Audi sales plunged 28.5% to 9...

News  Updated at: 2024/11/06

French passenger car sales down 11.1% in October Plateforme de la Filière Automobile (PFA) announced that October new passenger car sales in France of 135,529 units decreased 11.1% over the same month last year. Stellantis Group sales of 34,438 units decreased 20.5% (25.4% share) while Group Renault sales of 33,150 units decreased 11.5% (24.5% share). Volkswagen Group sales of 22,778 units increased 10.9% (16.8% share) while Toyota Group sales o...

News  Updated at: 2024/11/05