Mazda reports operating loss of JPY 46.1 billion, forecasts significant operating income reduction due to tariff On August 5, Mazda Motor Corporation announced its earnings results for the first quarter of the fiscal year ending March 2026. For the first quarter (April 1 through June 30, 2025), its consolidated sales revenue decreased by 8.8% YoY to JPY 1.1 trillion. Operating income was loss of JPY 46.1 billion and net income for the period attr...

News  Updated at: 2025/08/05

Thai BOI, FTI applaud U.S. tariff reduction; Auto/parts investment applications rise in H1 On August 1, 2025, the Federation of Thai Industries (FTI) and the Board of Investment (BOI) praised the government for securing a reduction in U.S. import tariffs on Thai goods, from 36% to 19%, bringing the rate in line with Cambodia, Malaysia, Indonesia, and the Philippines. While still higher than Singapore’s 10%, the new rate is significantly more co...

News  Updated at: 2025/08/04

(ISG), alternating current generators (ACG), valves, transmissions, and electronics. The group rolled out a 3-year technology roadmap focused on system-level innovation. Its key advancements include actuator motors for gear shifters, footrest deployment, seat adjustment, and window controls; gear reduction starter motors that enhance torque and efficiency; and advanced sensor-based and sensorless ISG controllers integrated with EFI. The core dr...

News  Updated at: 2025/08/01

pporting both BEV and HEV production. It seals and protects the vehicle battery while meeting stringent structural and thermal requirements, including crush and bottom impact tests, as well as external and internal fire testing. Compared to traditional metal housings, the Pentatonic solution offers cost savings through component reduction. Its thermoplastic composite structure and lightweight design contribute to a reduced carbon footprint. In ad...

News  Updated at: 2025/07/29

pressure monitoring systems, sensors, and intelligent assisted driving and establish an R&D linkage with JAC Group’s technical team to ensure precise alignment with its requirements. For technology innovation, Baolong Automotive will share its latest achievements in intelligentization and weight reduction to help JAC models continuously lead the industry. For supply chain security, Baolong Automotive will prioritize using the production capaci...

News  Updated at: 2025/07/28

Volvo Cars provides update on cost and cash turnaround plan On July 17, Volvo Cars announced that its SEK 18 billion cost and cash turnaround plan is fully on track and the company is confident about more positive effects from the programme. The reduction of 3,000 jobs worldwide is going into execution, and around 1,100 employees have already left the company. This will help reduce expenses and create a leaner, more efficient organization. Volvo ...

News  Updated at: 2025/07/18

6.5% for FY 2025 (revised from ≥7% previously) and a free cash-flow between EUR 1.0 and 1.5 billion (versus ≥ EUR 2 billion previously).  Renault Group is pursuing its strict commercial policy, prioritizing value creation over volume to protect its launches. It is strengthening its short-term cost reduction plan and is stepping up its initiatives on more structural levers.  This plan is mainly based on SG&A cost reduction, manufacturing an...

News  Updated at: 2025/07/16

y measures are expected to affect around 3,700 employees by the end of the FY 2027/28. The agreement also includes workforce adjustments through spin-offs or the sale of business activities, with up to 4,000 employees to be outsourced by the end of FY 2029/30. In addition, the substantial personnel cost savings have also been defined, including the cancellation of special payments and bonuses, a reduction in weekly working hours, and adjustments ...

News  Updated at: 2025/07/14

ill procure a total of 1,000 Neolix autonomous vehicles and supporting technology services to improve the overall transport capacity structure and operating efficiency of the industry, while Neolix will provide them with efficient, reliable autonomous vehicles and technology support to help achieve cost reduction and efficiency enhancement in areas such as intelligent mobility and green logistics. From a Neolix press release...

News  Updated at: 2025/07/09

Kongsberg Automotive announces EUR 15 million annual overhead cost reduction plan Kongsberg Automotive ASA (KA) has finalized an overhead cost reduction initiative to yield annual savings of EUR 15 million. This plan is part of KA’s efforts to improve financial performance and complements the previously announced cost adjustment program. Approximately 150 positions will be affected. Implementation began in May 2025, with most actions scheduled ...

News  Updated at: 2025/07/03

to the conference, automakers and power battery manufacturers shall take adequate risk prevention measures in areas such as product design verification, production and manufacturing, and after-sales services and not conduct exaggerated or false promotions. Under no circumstances shall short-term “cost reduction and efficiency improvement” be achieved at the expense of product performance or quality. From an MIIT press release...

News  Updated at: 2025/06/24

REE, Israel announces cost reduction measures to sustain long-term growth On June 9, REE Automotive Ltd. announced that it has implemented cost reductions across its business to streamline its cost structure and extend its expected financial runway. The company aims to focus its resources on SDV technology, improve its organizational structure, and enhance operational efficiency in the near term, while supporting long-term growth by adjusting its...

News  Updated at: 2025/06/10

air rules for PHEVs: Plug-in hybrids (PHEVs) with long electric ranges should still count after 2035. Rules should avoid punishing heavier vehicles and allow flexibility in meeting emissions targets. Include renewable fuels in carbon dioxide accounting: low-carbon fuels should count toward emission reductions. The EU should create rules so carbon-neutral fuel vehicles are treated like zero-emission ones. More realistic 2035 target for LDVs: carbo...

News  Updated at: 2025/06/09

Volvo Cars to cut 3,000 jobs globally as part of action plan On May 26, Volvo Cars announced global redundancies as part of its cost and cash action plan. The initiative aims to strengthen the company's resilience due to current automotive market challenges. The SEK 18 billion action plan includes the creation of an efficient organisation with a structurally lower cost base, which includes the reduction of about 3,000 jobs, including consultant ...

News  Updated at: 2025/05/27

commonly used rev range of 2,000 to 3,000 rpm. The maximum thermal efficiency rate has been improved from 39% to 42%. The drive unit, developed jointly with Jatco Ltd., is smaller and has less vibration, combining a motor, a decelerator, an inverter, and a generator. The company also noted a noise reduction of 5.6 dB from the second generation and a cost reduction of 20% from the first generation. (From an article in the Nikkan Jidosha Shimbun o...

News  Updated at: 2025/05/27

that it will sign a MOU to acquire all shares of Toho Seni K.K., a supplier of fabrics, making it a subsidiary. Toho Seni is engaged in the development of various fabrics. By acquiring the development capabilities of Toho Seni, Kyowa Leather intends to improve development speed and achieve further cost reduction. Also, the company sees the acquisition will contribute to realizing its long-term vision and medium-term management plan which Kyowa L...

News  Updated at: 2025/05/20

have reaffirmed their goal of avoiding redundancies for operational reasons. Key measures include reducing production capacity to a shipping level of between 8.7 and 9 million metric tons due to market conditions, and continuing the company’s green transformation with the construction of a direct reduction plant. The parties also agreed to avoid an immediate closure of the Eichen plant in Kreuztal. Instead, a concept for optimizing the Siegerla...

News  Updated at: 2025/05/15

 to JPY 69.8 billion, while net loss for the period was JPY 670.9 billion. Operating profit fell sharply due to a decrease in sales volume, an increase in sales incentives, and inflation. The company recorded an extraordinary loss of JPY 623.8 billion, including impairment losses and restructuring costs. Global retail vehicle sales were 3.346 million units, down 2.8% YoY. Nissan forecasts revenue of JPY 12.5 trillion for FY2025, but has not disc...

News  Updated at: 2025/05/14

Kongsberg Automotive continues cost-cutting programs in 2025 amid market uncertainty Kongsberg Automotive ASA (KA) announced that it will continue executing cost-saving initiatives in 2025. The previously announced overhead reduction program remains on track and is expected to be fully implemented by Q3 2025, delivering an estimated annual saving of EUR 10 million. KA will also launch additional cost reduction initiatives in 2025 to improve profi...

News  Updated at: 2025/05/08

NOVO Energy, Sweden announces 50% layoffs amid tough market conditions On May 5, NOVO Energy announced that it is implementing cost reduction measures and restructuring its organization to scale down operations. These steps follow an extensive evaluation of its business, following the bankruptcy of its technology partner, Northvolt. The actions will lead to a 50% reduction in NOVO Energy's workforce. All layoff notices are still subject to ongoin...

News  Updated at: 2025/05/06