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…
Automotive
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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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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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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%.…
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Mahindra posts 42% Q4 net profit rise amid geopolitical headwinds
Mahindra & Mahindra reported a 42% year-on-year rise in consolidated net profit for the fourth quarter of FY26, driven by…
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Hevo explores Foxconn tie-up for wireless EV charging production
Hevo has started preliminary discussions with Foxconn Interconnect Technology (FIT) regarding high-volume manufacturing of its Rezonant wireless charging hardware. According…
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Ford future models: 2026-2036
With an officially stated US$2bn in investments being made at Louisville Assembly, Ford is in the midst of a major…
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Tenneco taps banks for planned stock market return
US auto parts maker Tenneco has enlisted banks to arrange a potential stock market listing, as it charts a course…
