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OICA'S TOP 5 NEWS
Francois Roudier
July 30, 2026
Renault swings to first-half profit on EVs despite rise of Chinese rivals
Renault returned to a €700 million first-half profit as revenue rose 9.4%, supported by higher prices, contract manufacturing and strong Renault 5 EV demand. It confirmed its margin target while cutting costs and preparing new electric and hybrid models.
https://www.autonews.com/renault/ane-renault-h1-2026-profit-rise-0729/
SML Mahindra to acquire M&M’s truck, bus business for unified CV company
SML Mahindra will acquire Mahindra & Mahindra’s truck and bus division, creating a unified commercial-vehicle company. The integration should improve procurement, manufacturing, technology, distribution and service while strengthening Mahindra against Tata Motors and Ashok Leyland.
https://auto.economictimes.indiatimes.com/news/commercial-vehicle/sml-mahindra-to-acquire-mms-truck-bus-business-for-unified-cv-company/132725523
Chinese carmakers piling pressure on UK rivals, auto industry chief says
Chinese-owned brands now represent about 15% of UK registrations, increasing price pressure and discounting. The SMMT says lower-cost Chinese EVs and PHEVs add to wider challenges facing British manufacturing, including high energy costs, weak investment and regulation.
https://www.reuters.com/business/autos-transportation/chinese-carmakers-piling-pressure-uk-rivals-auto-industry-chief-says-2026-07-29/
Iran war drives Asia EV boost but China slowdown weighs on overall sales
Higher fuel prices accelerated EV sales across Asia, Europe and Latin America, while China declined after subsidy cuts and weaker demand. Chinese automakers are increasing exports, although more than one million exported EVs remain unregistered abroad.
https://asia.nikkei.com/business/automobiles/electric-vehicles/iran-war-drives-asia-ev-boost-but-china-slowdown-weighs-on-overall-sales
Toyota extends Lexus shutdown; Nissan suspends output after killer quake throttles Japan; thousands of vehicles could be affected
Toyota, Nissan and Honda suspended production in southwestern Japan after a deadly earthquake disrupted logistics, power and suppliers. Toyota’s extended shutdown could affect up to 5,200 Lexus vehicles, while broader component shortages may prolong interruptions.
https://www.autonews.com/toyota/an-toyota-japan-earthquake-lexus-extends-production-shutdown-nissan-honda-0729/
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
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