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Tesla delivered 480,126 vehicles in Q2 2026, exceeding Wall Street expectations and marking a 25% year-on-year increase. The Model 3 and Model Y led the deliveries, highlighting Tesla's strong market position.
Ford's Q2 U.S. sales fell 10.3% due to a 40.7% drop in EV sales and an aluminium shortage affecting F-Series trucks.
General Motors reported a 4% drop in Q2 US sales, citing declining demand for electric vehicles and the Silverado pickup truck. Meanwhile, Toyota gains market share with a strong hybrid and EV lineup.
Volkswagen plans to cut 100,000 jobs—about 15% of its workforce—as it undergoes its largest restructuring in history. The move reflects broader challenges facing the European automotive industry amid the transition to electric and autonomous vehicles.
Slate Auto, backed by Jeff Bezos, has priced its new electric pickup at $24,950, making it the cheapest new truck in the U.S. Over 180,000 preorders have been made in just hours.
Ferrari replaces long-time marketing chief Enrico Galliera one month after the controversial launch of its first electric vehicle, the Luce, which caused a significant drop in stock value.
Honda has signed a multiyear research agreement with QuantumScape to develop solid-state battery technology, following the discontinuation of its EV lineup. The move positions Honda as a key player in the next generation of electric vehicles.
BYD has rejected allegations of environmental rule violations at its Hungarian factory, asserting full compliance with local regulations. The company's executive vice president made the comments during a press conference in Belgrade.
BMW has cut its full-year profit forecast for the automotive business, citing declining sales in China and increased competition from local EV makers. The company expects its EBIT margin to fall to 1-3% from a previous forecast of 4-6%.
Rivian is facing a class action lawsuit over allegations that it made false promises about the autonomous driving capabilities of its first-generation vehicles. The suit claims the company misled consumers about hands-free driving features.
European automakers are shifting focus to defence contracts as EV demand slows and military budgets rise. Ineos, Daimler, Renault, and Mercedes-Benz are leading the charge with new partnerships and dedicated defence brands.
Ferrari stock dropped 7% after unveiling its first electric vehicle, the Luce, as investors question the car's design and the company's overall electrification strategy.
