The Latest
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Courtesy of Office of the U.S. Trade Representative
US, trading partners forge pacts to lock in critical minerals
The EU, Japan and Mexico pledged to cooperate with the U.S. on mining, processing and stockpiling minerals essential to the countries’ industries and economies.
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Courtesy of Volvo Cars
Volvo blames US tariffs, exchange rates for 2025 profit slump
The automaker saw operating income fall by over 40% in both the fourth quarter and full year, but expects an electrified product pipeline will help it return to growth in 2026.
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Courtesy of Toyota Motor North America
Toyota net income falls almost 25% in first nine months of FY2026
The automaker pointed to the plunge in profits due to higher labor costs and tariffs on Japanese imports, despite the strongest North American sales since 2017.
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Courtesy of Woven by Toyota
Toyota names new global president and CEO
Company veteran Kenta Kon, who joined the automaker in 1991, will retain his current position as operating officer in addition to the new role.
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Courtesy of BMW Group
Deep DiveAutomated driving is staging a comeback with the help of AI
Interest in self-driving waned as technology hit some snags and automakers invested in battery-electric vehicles. But autonomy is back in focus and headed to the market in a big way.
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Courtesy of Volkswagen Group of America, Inc.
Volkswagen recalls more than 44,000 EVs for battery fire risk
The battery defect is due to misaligned electrodes during manufacturing, which was confirmed by supplier SK Battery America.
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Permission granted by U.S. Marine
Mitsubishi dealership acquisition heralds birth of new auto group with used-car focus
Consultant Jen Morley told WardsAuto the owner’s emphasis on used-vehicle sales tracks with strategies used by other Nissan and Mitsubishi dealers.
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Courtesy of Volkswagen Group of America, Inc.
Volkswagen plant workers in Tennessee to join UAW in historic deal
The automaker’s agreement with the union includes a 20% across-the-board wage increase for hourly workers in Chattanooga.
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Courtesy of Toyota Motor Corp.
European BEV sales grow in 2025 but remain shy of targets
Hybrids remain in the top spot as the EU’s most popular consumer choice.
