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OICA'S TOP 5 NEWS
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/
Francois Roudier
July 24, 2026
Renault’s hit EV helps fend off Chinese rivals as quarterly sales rebound
Renault’s second-quarter sales rose 2.3%, supported by the R5 EV and recovering commercial vehicles. The group is prioritizing profitability, retail customers and residual values over discount-driven volume, while Dacia’s limited electric lineup remains a weakness.
https://www.reuters.com/business/autos-transportation/renault-first-half-sales-volumes-slip-04-vs-year-ago-period-2026-07-23/
Hyundai Motor misses Q2 forecast, keeps outlook as it plans new model launches
Hyundai’s operating profit fell 21% as weaker sales, supply disruption and higher costs outweighed revenue growth. The company maintained its outlook, relying on increased production, new models and investment in software, autonomous driving and robotics.
https://www.reuters.com/business/media-telecom/hyundai-motor-reports-21-drop-q2-operating-profit-misses-forecasts-2026-07-23/
Italy: Social Car Rental Program Launches; Monthly Fee Set at 100 Euros
Italy launched social leasing for lower-income households, offering low-emission cars for up to €100 monthly through 2030. Applicants must scrap an older vehicle, while the broader support package mainly targets automotive industrial investment.
https://www.ilsole24ore.com/art/automotive-parte-noleggio-sociale-previsto-canone-100-euro-mese-AJTO4NT
Thailand works on $700 million EV plan to replace 80,000 vehicles
Thailand is considering a $714 million program to replace up to 80,000 older vehicles with EVs. Industry groups want incentives tied to local production and content to support employment, suppliers and the country’s weakened automotive industry.
https://www.reuters.com/world/asia-pacific/thailand-works-on-700-million-ev-plan-replace-80000-vehicles-2026-07-23/
European automakers can use AI to beat China — what the reset opportunity means
European automakers could regain competitiveness by using AI to reduce engineering costs and development times. Experts recommend dedicated competence centers and workforce training, with AI potentially handling most vehicle-development tasks by 2030.
https://www.autonews.com/technology/ane-ai-europe-could-catch-china-0723/
Francois Roudier
July 23, 2026
Europe Car Sales Jump Most Since October 2023 on Shift to EVs
European registrations rose 13% in June, led by a 51% surge in battery-electric cars said ACEA. Incentives in France and Germany supported demand, while Chinese brands gained share and European automakers continued restructuring to address cost and competitiveness pressures.
https://www.bloomberg.com/news/articles/2026-07-23/europe-car-sales-jump-most-since-october-2023-on-shift-to-evs
US Senate panel approves bill cracking down on the sale of Chinese vehicles
A U.S. Senate panel approved stricter connected-vehicle rules targeting Chinese automakers and companies with significant Chinese ownership. The draft could unintentionally affect Mercedes-Benz and still requires revisions on ownership thresholds, waivers and battery-software provisions.
https://www.reuters.com/business/autos-transportation/us-senate-panel-vote-chinese-vehicle-crackdown-bill-2026-07-22/
Ford and Geely Agree to Share Underused Spanish Auto Factory
Geely will use idle capacity at Ford’s Almussafes plant near Valencia, helping protect jobs and improve utilization. The agreement strengthens Spain’s position as a European production base for Chinese automakers seeking lower tariffs and established supply networks.
https://www.bloomberg.com/news/articles/2026-07-22/ford-and-geely-agree-to-share-underused-spanish-auto-factory
Tesla Q2 net income falls 5% to $1.1 billion; Elon Musk says robotaxi rollout puts safety over speed
Tesla’s Q2 profit fell 5% despite a 25% rise in deliveries, as margins weakened and AI investment increased. Elon Musk defended the cautious robotaxi rollout, while Tesla expands limited services and continues testing its dedicated Cybercab.
https://www.autonews.com/tesla/an-tesla-q2-earnings-show-sales-rebound/
Labor Dispute in South Korea: Strikes at Hyundai and GM Korea Are Spreading
Strikes at Hyundai and GM Korea intensified as wage negotiations remained deadlocked. The stoppages threaten production, exports and earnings, with Hyundai facing major revenue losses and GM Korea seeking resolution over pay and future vehicle allocations.
https://www.automobilwoche.de/autohersteller/amw-tarifkonflikt-in-suedkorea-streiks-bei-hyundai-und-gm-korea-ausgeweitet/
ACEA-Press_release_car_registrations_June_2026.pdf
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