Hyundai Misses Q2 Profit Estimates but Sticks to U.S. Growth Plans With New Vehicle Launches

Hyundai

Hyundai Motor reported weaker-than-expected second-quarter earnings as softer global vehicle sales, rising operating costs, and growing trade-related expenses weighed on profitability. Despite the disappointing results, the South Korean automaker reaffirmed its commitment to expanding in…

Tesla’s Robotaxi Rollout Faces Fresh Investor Doubts After Earnings as Expansion Timeline Slows

Tesla Robotaxi

Tesla’s long-promised Robotaxi business has once again become the center of investor attention, but this time for reasons the company would rather avoid. During its latest quarterly earnings call, Tesla adopted a noticeably more cautious…

Shanghai Calls Tesla, BYD and Other Automakers to Compliance Meeting Amid Auto Industry Crackdown

BYD

China has stepped up its oversight of the country’s automotive industry after regulators in Shanghai summoned Tesla, BYD, and several other major automakers to a compliance meeting focused on online marketing practices and the publication…

General Motors Raises 2026 Profit Forecast After Strong Truck and SUV Demand

General Motors Raises 2026 Profit Forecast After Strong Truck and SUV Demand

General Motors has raised its full-year profit forecast after reporting stronger-than-expected second-quarter earnings, signaling that demand for its high-margin pickup trucks and SUVs remains resilient despite rising tariffs and broader uncertainty in the global automotive…

Porsche Plans Up to 5,000 More Job Cuts as Global Restructuring Deepens

Porsche Plans Up to 5,000 More Job Cuts as Global Restructuring Deepens

Porsche is preparing for another major round of workforce reductions as the luxury sports car maker confronts one of the most difficult periods in its modern history. German media reports indicate the company is considering…