national Trade Court found the replacement law was not an appropriate step for the kinds of trade deficits that Trump cited in his order. The Trump administration had argued that a serious balance-of-payments trade deficit of USD 1.2 trillion annually existed with a current account deficit of 4% of GDP. However, the tariffs will remain in place for now as the U.S. administration’s expected appeal plays out. (Detroit News and other sources on Ma...

News  Updated at: 2026/05/09

n the first two months of 2026 rose by 1.9% YoY—a respectable outcome given that February included the Carnival holidays, which often dampen showroom traffic and sales volumes. For the full year, volumes are projected to grow by 4.1% YoY to 2.65 mn units. Although some economic indicators such as GDP growth are expected to slow, the LV market should benefit from easing interest rates, lower inflation, and the continued rollout of Chinese models...

Market & Tech Reports  Updated at: 2026/04/30

00 units, with Toyota down 6.8% to 134,000 units, Honda down 7.4% to 42,000 units, Nissan down 12.2% to 29,000 units, and Suzuki up 16.0% to 18,000 units.   According to analysis by GlobalData, the decline in sales is attributed to already sluggish economic growth and weak consumer sentiment. With GDP forecasts being revised downward amid rising global energy costs, Japan is particularly vulnerable to these effects, and the situation is expected...

Market & Tech Reports  Updated at: 2026/04/27

GM becomes first U.S. OEM to reach 100% renewable energy goal On April 21, General Motors announced that it reached a major milestone in 2025 by securing enough renewable energy to match 100% of its electricity use across all its U.S. facilities, making GM the first U.S. OEM to reach this goal. The company's domestic renewable energy investments have generated about USD 1.9 billion in GDP impact since 2015, while projects contracted through 2026 ...

News  Updated at: 2026/04/22

V sales edged down 2.0% YoY to 484k units in March, though worsened further on a selling rate perspective, with the metric dropping 12% MoM to 3.84 mn units/year. The already sluggish economic growth, and weak consumer sentiment driving the decline is only expected to worsen in the coming months as GDP forecasts slide amid the global energy cost spikes, which Japan faces particular exposure to. YTD sales are down 3.3% against last year, with the ...

Market & Tech Reports  Updated at: 2026/04/21

forecasts are that the current energy price shock will ease markedly beyond the next few months, with oil prices well below $100 per barrel for Q2 and finishing the year not far off levels seen before the crisis began. That would still impact CPI on a global basis, though the overall drag on global GDP growth would likely be of the order of 0.1-0.2 percentage points (pp). Recent comments by President Trump have also suggested that a de-escalation...

News  Updated at: 2026/03/26

eting included a workshop where JAMA specialists shared case studies and global automotive technology trends with Thai patent examiners to support the development of examination practices in line with international standards. DIP noted that the automotive sector contributes about 9% of Thailand’s GDP and highlighted initiatives to support innovation, including the Target Design Patent Fast-Track program for automotive parts, which allows design...

News  Updated at: 2026/03/10

t and public support schemes. These will apply to selected strategic sectors, notably in steel, cement, aluminium, cars, and net-zero technologies, while establishing a framework that can be extended to other energy-intensive sectors such as chemicals. In 2024, manufacturing represented 14.3% of EU GDP. The Act sets a goal to increase manufacturing's share of EU GDP to 20% by 2035. The IAA introduces ‘Made in EU' and low-carbon preferences in p...

News  Updated at: 2026/03/05

Thailand’s interest rate cut, lowering financing costs for buyers; and (iii) rising foreign direct investment, with over THB 1 trillion in approved projects driving industrial growth and employment. At the same time, key risks include (i) cautious bank lending amid household debt exceeding 80% of GDP, (ii) a contraction in 2025 industrial production that could constrain investment, employment, and household incomes, and (iii) appreciation of th...

Market & Tech Reports  Updated at: 2026/02/20

d the top position for the 23rd consecutive year, with BYD rising to second place with a significant increase in exports of approximately 140% over the previous year, followed by the SAIC Group.   According to a report by the National Bureau of Statistics of China in January 2026, Chinese GDP for the full year 2025 increased by 5.0% y/y to about CNY 140.2 trillion. By quarter, the first quarter (Q1) increased by 5.4% y/y, the second qua...

Market & Tech Reports  Updated at: 2026/02/19

o MAA, December sales surged significantly, setting a new record high, driven by year-end shopping season demand and a rush to purchase before the expiration of tax incentives for imported electric vehicles.In 2026, sales are forecast to decline to 790,000 units, reflecting factors such as moderate GDP growth and global trade uncertainties and persistent inflationary pressures. Malaysia - Sales and Production of new Vehicles Type Dec. 2025 Y-o...

Automotive Sales Data  Updated at: 2026/02/16

o MAA, December sales surged significantly, setting a new record high, driven by year-end shopping season demand and a rush to purchase before the expiration of tax incentives for imported electric vehicles.In 2026, sales are forecast to decline to 790,000 units, reflecting factors such as moderate GDP growth and global trade uncertainties and persistent inflationary pressures. Malaysia - Sales and Production of new Vehicles Type Dec. 2025 Y-o...

Automotive Production Data  Updated at: 2026/02/16

Volkswagen and Stellantis’ CEO give suggestions to strengthen Europe’s automotive industry On February 5, Volkswagen Group CEO and Stellantis CEO wrote a joint open letter with ideas to make Europe’s car industry stronger. Their ideas support the EU’s “Made in Europe” plan by EU Commissioner for Industry. The European car industry generates 8% of European GDP annually and employs 13 million people. Volkswagen and Stellantis produce ni...

News  Updated at: 2026/02/06

population, reducing demand in child-related sectors such as kindergartens, primary schools, and children’s food products Ongoing border tensions Reports of cross-border scams raising safety concerns, potentially curbing foreign tourism Cautious bank lending due to household debt exceeding 80% of GDP, weighing on vehicle sales A contraction in full-year 2025 industrial production, constraining investment and employment, reducing household incom...

News  Updated at: 2026/01/29

through high-tech products and greater market competition with support for domestic automotive manufacturing and exports. The FTA is expected to enhance India's automotive sector's integration into global value chains and position Indian automakers to access the EU market, comprising 25% of global GDP. The agreement includes provisions for regulatory cooperation and streamlined customs procedures, which will facilitate cross-border automotive tr...

News  Updated at: 2026/01/27

, Arizona. Since 2018, Saudi’s Public Investment Fund (PIF), Lucid’s largest shareholder, has invested over USD 8 billion to assist in construction and operation of the new facility.  As part of its Vision 2030 economic plan, Saudi Arabia plans to reduce its reliance on oil by boosting non-oil GDP. It is establishing an auto export hub on the Red Sea by attracting brands like Lucid and Hyundai with tax exemptions and a 0% customs duties for ...

News  Updated at: 2026/01/27

MAA, December sales surged significantly, setting a new record high, driven by year-end shopping season demand and a rush to purchase before the expiration of tax incentives for imported electric vehicles. In 2026, sales are forecast to decline to 790,000 units, reflecting factors such as moderate GDP growth and global trade uncertainties and persistent inflationary pressures. (Malaysian Automotive Association (MAA)'s press release and multiples...

News  Updated at: 2026/01/21

ar plan. The governments should provide consistent purchase incentives and expand charging infrastructure beyond cities to rural areas. To support the working economy, commercial vehicles used by small businesses should not be unfairly penalized, as these businesses generate over half of Europe’s GDP. Based on Ford Europe press release...

News  Updated at: 2025/12/09

vehicles for consumers in Saudi Arabia and the MENA region, including sedans and sports utility vehicles. Ceer will attract over USD 150 million of foreign direct investment, and create up to 30,000 direct and indirect jobs. Ceer is projected to directly contribute USD 8 billion to Saudi Arabia’s GDP by 2034. Ceer is a joint venture between PIF and Hon Hai Precision Industry Co. (“Foxconn”). It will license component technology from BMW for...

OEM Plants  Updated at: 2025/12/05

Indonesia, and Thailand, with some including electric motorcycles, others including only passenger cars, and others including commercial vehicles, so the data in the table is for reference only. The table can be scrolled left and right.   Population(2024, millions of people) Land area(K㎡) GDP per capita (USD) Number of electric vehicles owned(units) Number of public charging stations (pcs) Indonesia 278 190 4,800 60,000-80,000 ＜5,00...

Market & Tech Reports  Updated at: 2025/12/02