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OICA'S TOP 5 NEWS
Francois Roudier
October 30, 2026
VW Makes a Loss in China, Sparking Urgent Call for Cost Cuts
Volkswagen’s Chinese joint ventures lost €113 million through September as sales collapsed and local rivals gained share. The group is accelerating €31 billion in savings, model simplification and factory-efficiency measures while tariffs and lower EV margins
deepen financial pressure.
https://www.bloomberg.com/news/articles/2026-10-29/volkswagen-swings-to-loss-after-writedown-china-market-slump?srnd=phx-industries-transportation
Renault Q3 revenue beats forecast as EV demand lifts shares
Renault’s third-quarter revenue exceeded expectations as EV growth and higher-margin retail sales offset lower volumes. Renault-brand electric sales rose sharply, led by the R5 and Twingo, while Dacia remained pressured by Chinese competition and its limited
EV lineup.
https://www.reuters.com/world/china/renault-reports-slight-growth-third-quarter-revenue-2026-10-29/
BYD, Geely lean on global growth as China market enters ‘harshest winter’
BYD and Geely relied on surging exports to offset weak Chinese demand and intense price competition. Overseas sales supported earnings, but tariffs, reduced export incentives and local-market pressures are pushing both groups toward greater international production
localization.
https://asia.nikkei.com/business/automobiles/byd-geely-lean-on-global-growth-as-china-market-enters-harshest-winter
Stellantis to switch ‘many’ European nameplates to low-cost LFP batteries
Stellantis will adopt lower-cost LFP batteries across many European EVs from 2027, potentially cutting vehicle prices substantially. Supply may come from its CATL-backed Spanish factory, while higher-energy NMC batteries remain reserved for models requiring
greater range.
https://www.autonews.com/stellantis/ane-stellantis-lfp-1029/
Hyundai Motor Group to establish two SPCs for AI data center project
Hyundai will create two special-purpose companies to build AI data centers and provide GPU services in Saemangeum. The $6.7 billion regional investment supports diversification into digital infrastructure, robotics and hydrogen, with commercial operations planned
from 2030.
https://en.yna.co.kr/view/AEN20261030005200320
Francois Roudier
October 29, 2026
UK vehicle production rises sharply in September against cyber-hit comparison
UK vehicle production rose 36.3% in September, helped by a weak cyber-disrupted comparison. Exports increased strongly, but nine-month output remained 3% lower. SMMT warned that EV mandates, EU local-content rules and 2027 rules of origin threaten competitiveness.
https://www.reuters.com/world/uk/uk-vehicle-production-rises-sharply-september-against-cyber-hit-comparison-2026-10-29/?utm_source=chatgpt.com
Great Wall Motor plans 50,000-vehicle Bulgarian production base
The supplied text concerns CATL’s solid-state battery timetable, not Great Wall’s Bulgarian production project. CATL targets pilot output in 2027 and mass production around 2030, while acknowledging major engineering, cost and commercialization challenges.
https://autonews.gasgoo.com/articles/market-industry/great-wall-motor-plans-bulgarian-production-base-with-50000-unit-annual-capacity-2115649589948067840
Stellantis CEO Says Quality ‘War Rooms,’ Cuts Are Paying Off
Stellantis says 80 quality “war rooms,” AI-supported defect detection and cost reductions are improving performance. Quarterly savings could reach €600 million, although recalls remain substantial. CEO Antonio Filosa confirmed the five-year product plan and
said no brands are for sale.
https://www.bloomberg.com/news/articles/2026-10-28/stellantis-ceo-says-quality-war-rooms-and-cost-cuts-paying-off?srnd=phx-industries-transportation
Hyundai Motor reports 5.5% rise in Q3 operating profit, beats forecasts
Hyundai’s operating profit rose 5.5% and exceeded forecasts, helped by favorable exchange rates. However, revenue declined, and the company cut its margin, sales and investment targets amid Chinese EV competition, limited affordable electric offerings and weaker
model demand.
https://www.reuters.com/business/autos-transportation/hyundai-motor-reports-55-rise-q3-operating-profit-beats-forecasts-2026-10-29/
Ford shrugs off high gas prices with $2 billion in net income, resilient F-150 sales
Ford earned $2 billion in Q3 as strong F-Series demand and lower EV losses supported results. It raised full-year guidance, while rising material and logistics costs remain concerns. Its next EV platform targets Chinese-level cost efficiency using simplified
designs and CATL technology.
https://www.autonews.com/ford/an-ford-q3-earnings-1028/
Francois Roudier
October 28, 2026
India’s Tata Is Now the Owner of Iveco
Tata Motors secured control of Iveco after its €3.4 billion offer reached 87.81% acceptance. The deal creates a commercial-vehicle group selling over 540,000 vehicles annually, while Iveco’s defense business will be sold separately to Leonardo.
https://www.autoactu.com/actualites/l-indien-tata-desormais-proprietaire-d-iveco
Mercedes Cuts Profit Forecast for 2026
Mercedes-Benz cut its 2026 passenger-car margin forecast to 2%–3% as Chinese sales, particularly luxury models, declined sharply and material costs rose. Group EBIT should remain broadly flat, although vans and financial services retain their existing targets.
https://www.automobilwoche.de/autohersteller/mercedes-benz/amw-mercedes-kappt-gewinnprognose-2026/
Maruti Plans More Price Hikes as Profit Drops 27% on High Costs
Maruti Suzuki’s quarterly profit fell 27% as raw-material costs surged and lower-priced models reduced margins. Despite strong volume growth and a 40.8% market share, further price increases are planned amid inflation, currency pressure and uncertain rural
demand.
https://www.bloomberg.com/news/articles/2026-10-27/maruti-suzuki-profit-misses-estimate-as-costs-squeeze-margins?srnd=phx-industries-transportation
Japan’s EV subsidies face uncertain future as country’s ‘DOGE’ takes aim
Japan will reduce EV subsidies from January as fiscal authorities seek deeper spending cuts. Industry officials argue support remains necessary because EVs represent only about 5% of sales, while critics want a clearer exit strategy and less market distortion.
https://asia.nikkei.com/business/automobiles/electric-vehicles/japan-s-ev-subsidies-face-uncertain-future-as-country-s-doge-takes-aim
Electric vehicles are banking on the gradual adoption of 800-volt architecture to increase their versatility
Automakers are gradually adopting 800-volt EV systems to enable faster charging, lighter cables and greater efficiency. Chinese brands lead deployment, while Renault plans broader use from 2028. Higher costs and limited 350-kW charging infrastructure will slow
adoption.
https://www.auto-infos.fr/article/le-vehicule-electrique-mise-sur-une-generalisation-progressive-de-l-architecture-800-volts-pour-accroitre-sa-polyvalence.294142
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