Toyota operating profits drop 21.5% as US tariffs take Y1.38tn toll
Toyota Motor reported a 21.5% decline in operating income for FY26 as US tariffs, higher costs and foreign exchange headwinds…
All articles by Shubhendu Vimal
Shubhendu Vimal
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Polestar first quarter loss widens on tariffs and pricing pressure
Polestar recorded a wider first quarter loss in 2026, with tariffs, pricing pressure and currency movements dragging margins into negative…
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Goodyear swings to loss as volumes and costs weigh on first quarter
Goodyear Tire & Rubber Company posted a first quarter net loss of $246m, reversing a $118m profit a year earlier,…
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Automotive trade groups urge US to extend USMCA over bilateral deals
Seven major automotive trade associations have written to the US Trade Representative, calling for an extension of the US-Mexico-Canada Agreement…
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Tata and JSW near $1bn bet on domestic EV research
India's Tata Group and JSW Group are collectively directing nearly $1bn towards independent electric-vehicle (EV) and battery research, as domestic…
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Geely agrees deal for part of Ford Valencia plant – report
Geely has agreed to acquire part of Ford’s Almussafes plant in Valencia, Spain, and plans to build one of its…
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Stellantis opens first MEA vehicle dismantling centre in Morocco
Stellantis has opened a vehicle dismantling centre in Casablanca, Morocco, marking the company’s first such facility in the Middle East…
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BorgWarner wins heavy-duty diesel engine supply contract in Europe
BorgWarner has won a supply contract from an unnamed major European commercial vehicle OEM for a variable turbine geometry (VTG)…
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Pirelli to begin Cyber Tyre manufacturing in Georgia, US
Pirelli is preparing to start manufacturing its Cyber Tyre technology in the US at its Rome, Georgia, facility following the…
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Lucid posts Q1 loss despite revenue and production rise
Electric vehicle maker Lucid Group reported first quarter 2026 revenue of $282.4m, up 20% year-on-year, while vehicle production rose 149%.…