ously joint ventures between SMR Stuttgart and Mr. Erol Senol, founder of the Plast Met Group, with SMR Stuttgart already holding a 75% stake acquired in 2021. The acquisition is valued at EUR 3.225 million, and the transaction is subject to antitrust approval in Turkey, with expected completion by Q2 FY 2025–26 (September 30, 2025). Post-approval, the share acquisition rights may be assigned to Motherson SAS Turkey Otomotiv Servis Ticaret Limi...

News  Updated at: 2025/06/23

td. (APG) was recently designated by a large Chinese automotive group, whose name is confidential, for the supply of rear brake caliper assemblies (with EPB (Electronic Park Brake)) for a New Energy Vehicle platform. According to the customer’s plan, the project is expected to start production in Q2 2026, with a lifecycle of 6 years and an estimated total lifecycle sales value of CNY 360 million. (From an APG press release dated June 11, 2025)...

News  Updated at: 2025/06/18

2,830 electric vehicles from January to May of 2025, with the Chevrolet brand comprising 37,620 of those sales. Scott Bell, vice president of global Chevrolet, said more than half of EV sales volume this year came from customers new to General Motors. The EV sales news came ahead of the company’s Q2 quarterly sales release. GM has not been reporting sales on a monthly basis since March 2018.  To compare, Ford, which still reports monthly sales...

News  Updated at: 2025/06/10

ng, voice control, and an optional panoramic sunroof. Other features include leather seats, ambient lighting, automatic climate control, and ventilated seats. Safety features include adaptive cruise control, blind-spot detection, and collision avoidance. The JAECOO J5 will launch in South Africa in Q2 2025. Based on JAECOO South Africa press release...

News  Updated at: 2025/06/09

RACL Geartech, India updates about progress of new business On June 6, RACL Geartech Limited, in an investor update, announced that the proposed project to supply a steering system tailored to the requirements of a leading American passenger car OEM is progressing well. The prototypes will be manufactured and offered for assembly and testing in Q2 FY 25-26 (ending March 31, 2026) from the RACL Gajraula plant. The samples are in the advanced proto...

News  Updated at: 2025/06/06

Ford CFO provides insights to company reactions to rare-earth, tariff challenges On June 4 at the UBS Auto and Auto Tech Conference, Ford’s Chief Financial Officer Sherry House talked about tariffs and supply chain disruptions that will impact in its Q2 earnings in July, but cautioned there are many unknowns that could make Ford's upcoming financials "a bit lumpy".  On disruptions caused by export controls on rare earths from China: House said...

News  Updated at: 2025/06/06

rice wars”, the industry’s overall profit level has been declining. As a critical link between manufacturers and consumers, automobile dealerships have also faced severe challenges, including mounting business pressure, shrinking profit margins, excessive inventories, and tight cash flow. Since Q2 2024, the situation has worsened amid a new round of price wars. In response, the CADCC emphasized the need to improve the survival conditions of a...

News  Updated at: 2025/06/05

to deploy 500 TVS King EV MAX electric three-wheelers during FY 2025–26 (ending March 31, 2026).  This partnership aims to strengthen sustainable public mobility across India’s metros and Tier 1 cities. Kadam Mobility will roll out these electric vehicles in phases, starting in pilot zones by Q2 of FY25–26, with a progressive scale-up in vehicle volumes and route coverage. The TVS King EV MAX has a range of 179 km. The vehicles will be in...

News  Updated at: 2025/06/03

EIM partners with FOTON to launch electric heavy commercial vehicles in India On May 27, Ravindra Energy Limited (REL) announced that its associate company, Energy In Motion Pvt Ltd (EIM), has entered into an exclusive agreement with FOTON to launch their range of electric heavy commercial cargo vehicles in India. The commercial rollout of vehicles is scheduled to begin in Q2 of FY 2025-26. Under the terms of the agreement, EIM will have exclusiv...

News  Updated at: 2025/05/28

Mullen Automotive announces results for Q2 2025 On May 20, Mullen Automotive announced financial results for the three months ended March 31, 2025. Mullen had revenue of USD 4.95 million for the second quarter, for which it recorded a USD (65.79) million loss from operations. It had a USD (47.10) million net loss in Q2 2025, compared to a USD (132.45) million loss in fiscal Q2 2024. Sale activity for Mullen commercial EVs in Q2 include:   • ...

News  Updated at: 2025/05/28

lvo Cars finishes reviewing its organization and sets up a new structure. The company aims to complete these changes by autumn 2025. Volvo Cars expects a one-time restructuring cost of up to SEK 1.5 billion, due to these global redundancies. It will also impact the company’s financial results for Q2 2025. Based on Volvo Cars press release...

News  Updated at: 2025/05/27

controlling stake in Lucid Motors.  Lucid already assembles the Air for the local and other nearby markets in Saudi Arabia, and it will soon also begin building the Gravity SUV there.  In its Q1 report on May 6, Lucid said it had 600 vehicles in transit to Saudi Arabia, which will be included in Q2 production numbers. The current facility's production capacity is limited, but it will be able to produce 150,000 vehicles per year once the expans...

News  Updated at: 2025/05/20

and shipment suspensions, partly triggered by defective engine stamping issues. This disruption contributed to lower sales in emerging markets and significantly impacted the Land Mobility Business, Yamaha’s core segment. Yamaha expects a gradual recovery in Vietnam and other regions beginning in Q2. The company is also implementing flexible production adjustments and cost control measures to mitigate ongoing challenges, including tariffs and r...

News  Updated at: 2025/05/16

U.S. manufacturing output falls due to weak auto production in April On May 15, the U.S. Federal Reserve said that U.S. manufacturing production fell more than expected in April amid a sharp decline in motor vehicle output, and the sector could struggle to regain its footing in Q2 because of tariffs. Factory output dropped 0.4% in April after an upwardly revised 0.4% gain in March. Economists had forecast production would fall 0.2% in April. The ...

News  Updated at: 2025/05/16

assets of USD 139.8 million in Q1, increased by USD 24.8 million, or 21.6%, from year-end 2024. The company reaffirmed its plans for the FX Super One to roll off the line by 2025. It plans to hold the first FX vehicle launch event and start to collect refundable paid reservations from the public in Q2 2025. Faraday Future said its pre-order agreement for 1,000 FX Super One vans from JC Auto “may be as few as two”, and pre-order deal with Sky ...

News  Updated at: 2025/05/13

ufacturing facilities has commenced production in the current fiscal year, while the other two facilities are progressing as scheduled and are expected to begin operations in FY 2026, ending March 2026. The Pune (Maharashtra) facility, which supports both EV and ICE powertrains, began operations in Q2 FY 2025, followed by a dedicated EV unit that became operational in Q4 FY 2025. Two additional greenfield projects are underway. The Navagam (Gujar...

News  Updated at: 2025/05/12

ade in wholesale volume guidance. However, the company still expects modest volume growth for 2025 compared to last year. Aston Martin remains focused on maximizing the value of each vehicle sold and building a strong order book, with retail sales likely to exceed wholesale deliveries this year. In Q2 2025, performance is expected to improve quarter-on-quarter, despite the tariff effects. Wholesale volumes should match last year’s levels, but f...

News  Updated at: 2025/05/07

ounced that it has started the serial painting of Kompas truck cabins at the Cabin Frame Plant (CFP) of PJSC KAMAZ. The Compass 9 (with and without a berth) and the Compass 12 (with a berth) models are currently being painted in the serial process. The development of Compass 5 model is planned for Q2 2025. The paint and varnish are applied using an automated "wet-on-wet" technology, where both the secondary primer and enamel are sprayed in the s...

News  Updated at: 2025/05/06

sed in China have canceled or paused orders at this time, while the company works with those customers to better understand their ability and willingness to pay the elevated prices resulting from the new tariff rates. The company says that it expects global light vehicle production to be down 2% in Q2 2025, while light vehicle production in its primary markets of North America, Europe and Japan/Korea is expected to be down approximately 6% in Q2....

News  Updated at: 2025/05/02

e-axles, inverters, and motors for four-wheeler passenger and commercial vehicles. The plant is expected to have a total capacity of 203,043 units per year, with a phased addition of capacity to be completed within three years of full-scale operations. Commercial production is targeted to begin in Q2 of FY 2026–27. The investment will be financed through a mix of equity and term loans. Based on the Uno Minda stock exchange notification...

News  Updated at: 2025/04/30