represents General Motors, Toyota Motor Corp., Volkswagen Group, Hyundai Motor Co. and other major OEMs, said in a filing with the Environmental Protection Agency that legislation signed by President Trump in June will increase the effective price of EVs and could lead to a near-term decline in EV market share. “The 2027 and later standards are simply not achievable in light of significant market, charging infrastructure, supply chain, afforda...

News  Updated at: 2025/09/25

Porsche realigns product strategy, focus on profitability over EV growth On September 19, Porsche announced that it is pushing ahead with its realignment and adjusting its product strategy to strengthen financial performance.Due to market conditions, the new SUV series above the Cayenne, which was previously planned to be fully electric, will initially be offered exclusively as combustion engine and plug-in hybrid at market launch. The Panamera a...

News  Updated at: 2025/09/22

tment in its motor core-related business for electric vehicle (EV) drive motors. The motor core business has been going according to the company’s plan in the first half of the fiscal year that started in February (H1 FY2025). On the other hand, Mitsui High-tec revised its FY2025 operating income forecast for the motor core business downward from JPY 10 billion to JPY 8 billion, since in the second half of the fiscal year its customers have rev...

News  Updated at: 2025/09/18

s surged 174.9% to 10,619 units (4.9%), plug-in hybrid vehicles increased 24.0% to 7,051 units (3.3%) and electric vehicles jumped 49.6% to 7,643 units (3.6%). Cumulative sales for the eight months of the year were up 2.8% y/y to 1,667,707 units. On August 8, Scotiabank maintained its previous July forecast, estimating full-year Brazilian sales of 2.55 million units in 2025 and 2.59 million units in 2026. “We have concerns about the high intere...

News  Updated at: 2025/09/10

its, Toyota Hilux with 3,570 units, Fiat Toro with 3,181 units, Ford Ranger with 2,628 units, Chevrolet S10 with 2,340 units, and RAM Rampage with 1,951 units. Cumulative sales for the eight months of the year were up 2.8% y/y to 1,667,295 units. On August 8, Scotiabank maintained its previous July forecast, estimating full-year Brazilian sales of 2.55 million units in 2025 and 2.59 million units in 2026. “We have concerns about the high intere...

News  Updated at: 2025/09/05

electrification trend, while Plug-in Hybrids (PHEVs) and Extended Range Electric Vehicles (EREVs) have also recently gained traction. However, across the Asia-Pacific region (excluding China), Full Hybrid Electric Vehicles (FHEVs) are quietly re-emerging as the preferred electrification pathway. In markets such as Japan and Korea, BEV adoption has slowed, as limited charging infrastructure, high upfront costs, and persistent range anxiety have ca...

News  Updated at: 2025/08/22

Toyota Thailand sells 113,889 units in H1 2025, holds 2025 forecast amid soft July outlook Announced on July 29, 2025, Toyota Motor Thailand reported H1 2025 sales of 113,889 units, down 2.1% year over year, securing a 37.6% market share. In the 1-ton pickup truck segment (including both pure pickups and pickup-based passenger vehicles or PPVs), Toyota sold 42,430 units, capturing 44.8% of the segment. Passenger car sales totaled 39,644 units (33...

News  Updated at: 2025/08/05

Daimler Truck lowers 2025 Outlook amid North American market uncertainty On July 31, Daimler Truck lowered its 2025 outlook, especially due to market uncertainty in North America, where the unit sales dropped 20% YoY to 38,580 units (Q2 2024: 48,246 units) in Q2 2025. In Q2 2025, industrial business revenue reached EUR 11.8 billion, i.e., down by 6% (Q2 2024: EUR 12.5 billion), due to lower overall sales, and adjusted Group EBIT reached EUR 1.12 ...

News  Updated at: 2025/08/01

15% within a limited quota, provided that participating automakers establish local manufacturing within two years. Since then, many media outlets have pointed to Tesla as a potential frontrunner, but no company has officially declared its participation in the program as of now. As time has passed, market conditions have evolved: India has become the world’s third-largest car market, and around 2.7% of the 4 mn Passenger Cars sold in 2024 were ...

News  Updated at: 2025/07/31

Mercedes Benz group reports Q2 2025 adjusted EBIT drops by 51% amid global tariffs and market challenges On July 29, Mercedes Benz Group announced its financial results for Q2 2025 and H1 2025. For Q2, the Mercedes Benz Group reported revenue of EUR 33.2 billion (down 9.8% YOY), adjusted EBIT of EUR 2.0 billion (down 50.9% YOY), and net profit of EUR 957 million (down 68.7% YOY). For H1, the Group posted revenue of EUR 66.4 billion (down 8.6% YoY...

News  Updated at: 2025/07/30

voring vehicles that provide more space and versatility. According to GlobalData’s bodystyle analysis, SUVs are estimated to account for 58% of Passenger Vehicles (PVs) in Western Europe by the end of 2025, up from 37% in 2020. This shift in consumer preference has allowed the SUV segment to gain market share at the expense of Conventional Vehicles, including Hatchbacks, Sedans, and MPVs. In 2020, Hatchbacks were still the most popular bodystyl...

News  Updated at: 2025/07/29

Daimler Truck North America to lay off 2,000 workers in U.S., Mexico On July 14, Daimler Truck North America announced it will lay off around 2,000 employees at five sites across the U.S. and Mexico due to the weak and uncertain freight market caused by tariffs and trade problems that spill over to affect domestic industries. “As we navigate a challenging economic environment, we’ve seen a notable slowdown in new truck orders, particularly in...

News  Updated at: 2025/07/17

-on-year declines in June: wholesales dropped 66.8% to 2,253 units, while production fell 35.7% to 14,189 units. Exports declined 20.3% to 12,331 units. From January to June, sales totaled 14,533 units (-47.7%), production reached 77,397 (-24.1%), and exports fell to 68,148 (-13.6%). The 2025 sales forecast was revised down from 45,036 to 35,935 units. ANPACT reaffirmed its commitment to decarbonization, innovation, and “Hecho en México” man...

News  Updated at: 2025/07/15

GlobalData blog: Thailand’s automotive market faces critical challenges amidst shifting regional landscape Thailand’s position in the ASEAN automotive landscape is facing increasing pressure as regional dynamics shift. The country experienced a staggering 26% YoY decline in Light Vehicle (LV) sales in 2024, and the outlook for 2025 remains bleak, with a further contraction of 7% YoY experienced in Q1 compared to an already depressed base duri...

News  Updated at: 2025/06/12

vehicles surged 72.9% to 8,160 units (3.8%), plug-in hybrid vehicles soared 92.1% to 7,144 units (3.3%) and electric vehicles were up 34.6% to 6,958 units (3.2%). Cumulative sales for the five months of the year were up 6.1% y/y to 986,158 units. On May 8, Scotiabank maintained its previous January forecast, estimating full-year Brazilian sales of 2.55 million units in 2025 and 2.59 million units in 2026. “The market grew, in May, much because ...

News  Updated at: 2025/06/06

g commercial vehicle in May with 11,854 units, followed by the VW Saveiro with 5,536 units, Fiat Toro with 4,690 units, Toyota Hilux with 4,425 units, Chevrolet S10 with 2,772 units, Ford Ranger with 2,670 units, and RAM Rampage with 2,182 units. On May 8, Scotiabank maintained its previous January forecast, estimating full-year Brazilian sales of 2.55 million units in 2025 and 2.59 million units in 2026. “The market grew, in May, much because ...

News  Updated at: 2025/06/05

Nissan suppliers forecast lower sales for FY2026; 5 forecasting revenue declines, Trump tariffs, corporate restructuring, and “poor visibility” Six automotive parts and car body manufacturers that primarily do business with Nissan Motor Co., Ltd., have released their financial forecasts for the fiscal year ending March 2026, and five of them said their revenues were expected to decline. As for net profits, one company predicts an increase in ...

News  Updated at: 2025/05/23

y decreasing the number of its subsidiaries from the present 114 to around 100 through the consolidation or closure of bases and reducing the inventory balance by JPY 20 billion per year through centralized stock control. In regional strategies, the company will respond to a slowdown in the Chinese market, improve capacity utilization by “restructuring productions” and optimize business sizes. JTEKT has already carried out reforms such as the...

News  Updated at: 2025/05/15

Daimler Truck lowers 2025 North America sales forecast amid market uncertainty, maintains profit outlook On May 13, Daimler Truck announced that it has lowered its 2025 sales forecast for Class 8 trucks in North America to 260,000–290,000 units (down from 280,000–320,000) due to market uncertainty. It now expects 155,000–175,000 sales for its Trucks North America segment (previously 180,000–200,000), assuming customer demand improves from...

News  Updated at: 2025/05/14

GM to increase production in existing U.S. plants, hold pricing steady On April 29, after issuing the company’s Q1 2025, GM CEO Mary Barra said the company’s new guidance following the White House’s announcements on tariffs anticipates EBIT being in the range of USD 10-12.5 billion in 2025, rather than the previously forecast USD 13.7-15.7 billion, to take into account USD 4 billion to USD 5 billion in tariff exposure. To blunt the impact o...

News  Updated at: 2025/05/03