Toyota Motor reported a 21.5% decline in operating income for FY26 as US tariffs, higher costs and foreign exchange headwinds pressured profitability despite resilient vehicle sales and pricing.

Seven major automotive trade associations have written to the USTR, calling for an extension of the USMCA rather than a break-up into separate bilateral arrangements.

Continental is targeting annual cost savings of $172.73m from 2028. Credit: multitel/Shutterstock.com. The results were at the top end of analyst estimates. Continental says it has started 2026 with a ...

It was reported earlier this month that Stellantis was in discussions with Leapmotor to jointly develop an Opel-branded electric SUV based on Chinese technology, with production e ...

EU member states are pressing for rapid implementation of the bloc's side of a trade agreement with the US, as President Donald Trump threatens to raise tariffs on European cars and trucks to 25%.

Geely has agreed to acquire part of Ford’s Almussafes plant in Valencia, Spain, and plans to build one of its own models there, with possible production of a Ford vehicle as well.

Stellantis has opened a vehicle dismantling centre in Casablanca, Morocco, marking the company’s first such facility in the Middle East and Africa (MEA) region.

BorgWarner has won a supply contract from an unnamed major European commercial vehicle OEM for a VTG turbocharger and EGR cooler.

Tata and JSW Group are collectively directing nearly $1bn towards independent EV and battery research, as domestic manufacturers seek to reduce reliance on Chinese supply chains.

BMW has posted first quarter earnings before tax of €2,348 million – some 24.6% down on the same quarter of last year. Earnings were hit by tariffs in the US and soft demand in China. Analysts were ...

Toyota and Honda, the two best-selling Japanese auto brands in the US, reported weaker sales in the US market in April.