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BMW is cutting 8,000 jobs in Germany and partnering with Qualcomm to power the future of its vehicles with advanced compute silicon.
Volkswagen CEO Oliver Blume is urging the European Union to impose higher tariffs on Chinese plug-in hybrids after Chinese brands captured 28% of Europe’s PHEV market. The Tiguan PHEV has dropped from best-selling to fourth place, with BYD and Jaecoo leading the segment.
Electric vehicle owners are more satisfied with their cars than gas car drivers in nearly every category, according to JD Power’s 2026 study.
Europe’s EV market share surpassed 25 percent for the first time in June 2026, driven by a nearly 40 percent surge in registrations. The trend reflects strong policy support and growing consumer adoption.
Germany has officially entered a new era in transportation, with electric vehicles outselling petrol and diesel cars for the first time in June. The country's shift toward electrification reflects strong policy support and growing consumer adoption.
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.
