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OICA'S TOP 5 NEWS
Francois Roudier
July 29, 2026
Ford Boosts Outlook on Strong Demand for Profit-Rich SUVs
Ford raised its 2026 profit outlook as high-margin SUVs and pickups offset weaker U.S. sales, tariffs and EV losses. It expects stronger F-Series output, is cutting EV exposure and investing $2 billion in battery-storage capacity.
https://www.bloomberg.com/news/articles/2026-07-28/ford-raises-earnings-outlook-on-strong-sales-of-profit-rich-suvs
Under pressure over China backers, Mercedes CEO pledges to defend US business
Mercedes CEO Ola Källenius pledged to protect U.S. operations as proposed ownership rules could affect the group’s Chinese-backed shareholding structure. Mercedes may adjust ownership arrangements and expand U.S. production to reduce tariff and regulatory exposure.
https://www.reuters.com/world/china/under-pressure-over-china-backers-mercedes-ceo-pledges-defend-us-business-2026-07-28/
Nissan and Honda revive software partnership after merger collapse
Nissan and Honda are reviving cooperation on software-defined vehicles, potentially using Nissan technology for a shared operating system. Despite failed merger talks, both need scale, lower development costs and faster progress against Tesla and Chinese competitors.
https://www.autonews.com/nissan/an-nissan-honda-software-defined-vehicle-sdv-partnership-0728/
XPENG Announces Market Plan in Australia and New Zealand
XPENG plans five new models, 50 sales outlets and expanded service support across Australia and New Zealand. It will introduce advanced AI driving from 2027 while also promoting robotaxis, humanoid robots and flying vehicles.
https://autonews.gasgoo.com/articles/ev/xpeng-announces-australian-market-plan-five-new-models-in-2026-smart-driving-rollout-in-2027-2082119618805080064
Transport for London demands £1bn from carmakers over allegedly unpaid Ulez charges
Transport for London is seeking about £1 billion from automakers, alleging inaccurate diesel-emissions data allowed vehicles to avoid Ulez charges. The case is linked to wider defeat-device litigation and could face difficulties after recent court rulings.
https://www.ft.com/content/cc765962-08a9-44e2-ac7d-1e7e10700414?syn-25a6b1a6=1
Francois Roudier
July 28, 2026
Porsche to Cut 5,000 Jobs and Invest 2.1 billion Euros
Porsche will invest €2.1 billion to secure Zuffenhausen and Weissach through 2035 while cutting 5,000 jobs voluntarily. Employees accept pay and working-condition concessions in exchange for site guarantees, investment and protection from compulsory redundancies.
https://www.automobilwoche.de/autohersteller/volkswagen/porsche/amw-porsche-baut-5000-jobs-ab-und-garantiert-standorte-bis-2035/
BYD Takes on Rivals in Japan with Its Own Electric Mini Car
BYD is launching the Racco electric kei car in Japan, offering at least 210 kilometres of range and competitive pricing. It targets Japan’s largest vehicle segment but faces dominant domestic brands, strong incentives for rivals and limited EV demand.
https://www.bloomberg.com/news/articles/2026-07-28/byd-takes-on-rivals-in-japan-with-its-own-electric-mini-car?srnd=phx-industries-transportation
CATL thrives while China’s EV makers squeezed by supply chain, weak market
CATL’s first-half profit rose 42% as battery demand, market share and cost pass-through strengthened. Chinese automakers face the opposite pressure, squeezed by rising battery and technology costs, weak sales and intense price competition.
https://asia.nikkei.com/business/automobiles/electric-vehicles/catl-thrives-while-china-s-ev-makers-squeezed-by-supply-chain-weak-market
Collaborate with Chinese EV makers or suffer, Thai auto firm CEO warns
Aapico’s CEO says Thai suppliers must partner with Chinese automakers to survive the EV transition. Chinese brands bring lower costs and advanced technology, but their expansion may weaken local suppliers and intensify pressure on established Japanese manufacturers.
https://asia.nikkei.com/spotlight/asean-money/collaborate-with-chinese-ev-makers-or-suffer-thai-auto-firm-ceo-warns
Uber’s Africa EV Pilot Pioneer Says Iran Conflict Drives Demand
Uber’s South African EV pilot is expanding as higher fuel prices improve electric-vehicle economics. Valternative operates 360 low-cost Chinese EVs and plans wider African expansion, but limited charging, import duties and restricted driving range remain major obstacles.
https://www.bloomberg.com/news/articles/2026-07-27/uber-africa-ev-pilot-valternative-pioneer-durban-iran-conflict-drives-demand?srnd=phx-industries-transportation
Francois Roudier
July 27, 2026
Volkswagen Makes Its Corporate Restructuring Measurable
Volkswagen’s first-half profits fell sharply despite stable revenue, hit by tariffs and China weakness. The group is cutting jobs, overheads, models and capacity, targeting €37 billion in administrative costs and annual production capacity of 9 million vehicles by 2030.
https://www.automobilwoche.de/autohersteller/volkswagen/amw-analyse-volkswagen-macht-den-konzernumbau-messbar/
Carmakers are the rare example of tariffs as the least bad option
Trade barriers are helping U.S. automakers preserve profits while European rivals face stronger Chinese competition. Protectionism risks higher prices and slower innovation, but gives American groups time and financial strength to prepare, partner with suppliers and avoid costly EV investment failures.
https://www.ft.com/content/a39adcc1-44fb-40e0-92b9-30d769f8e4ca?syn-25a6b1a6=1
Mitsubishi Motors to pour $470m into Thailand for electrified vehicles
Mitsubishi will invest $470 million in Thailand by 2030 to produce and export electrified Pajero SUVs and pickups. The investment reinforces Thailand’s EV manufacturing ambitions as Japanese automakers face increasing competition from Chinese brands.
https://asia.nikkei.com/business/automobiles/mitsubishi-motors-to-pour-470m-into-thailand-for-electrified-vehicles
US NHTSA rejects petition seeking Tesla door-release defect probe
NHTSA rejected a petition seeking an investigation into Tesla Model 3 emergency door releases, finding insufficient evidence of a defect. However, the agency will consider broader rules governing emergency vehicle exits during electrical power failures.
https://www.reuters.com/legal/litigation/us-auto-safety-regulator-denies-petition-seeking-tesla-door-release-defect-probe-2026-07-24/
France opposes EU approval of Tesla’s FSD driver-assistance software
France opposes EU-wide approval of Tesla’s Full Self-Driving system in its current form, citing speeding and driver-attention concerns. Paris remains open to technical discussions but wants stronger safety assurances before supporting deployment across Europe.
https://www.autonews.com/technology/ane-france-opposes-eu-fsd-approval-0724/
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