Toyota Motor dealers face tight inventory for the RAV4 crossover utility vehicle, leaving lots across the United States with only a few days’ supply, according to Jessica Caldwell, head of product insight at Edmunds. Strong consumer demand paired with deliberate production limits on the vehicle’s new all-hybrid lineup has created conditions for the suburban segment. … Read more
President Donald Trump announced on Aug. 24, 2026, that the United States will raise tariffs on all cars, trucks, and automotive parts imported from Canada to 50% starting Jan. 1, 2027. The escalation follows the collapse of trade negotiations on Aug. 21 after Canada’s negotiators left Washington empty-handed following disputes over last-minute terms. Automotive Tariffs … Read more
The Lamborghini Revuelto SV has officially debuted as the fastest and most powerful vehicle ever produced at the company’s factory, combining a naturally aspirated V12 engine with three electric motors to generate over 1,050 horsepower, according to the Italian auto manufacturer. Unveiled on Friday, the limited-edition hybrid supercar accelerates from zero to 100 kph (62 … Read more
China’s passenger car market is undergoing a fundamental shift toward electric-powered vehicles, with new energy vehicles (comprising battery and hybrid-powered cars) making up 65.1% of new passenger vehicle purchases this July—a rise from 54% during the same month last year, based on figures from the China Passenger Car Association released Tuesday. Industry data from Autohome … Read more
Rivian Automotive reduced its capital expenditure plans and narrowed projected annual losses while reporting second-quarter financial results, according to company disclosures. The electric vehicle manufacturer lowered its adjusted loss forecast and capital spending targets while reconfirming vehicle delivery goals for the year. Rivian Narrows Annual Losses and Trims Capital Spending Targets Rivian reported adjusted annual … Read more
Mercedes-Benz is moving to shield its U.S. operations from a potential sales ban as Washington lawmakers target the German carmaker over its significant Chinese ownership stake. According to Reuters, the U.S. Senate Commerce Committee advanced legislation last week that would toughen restrictions on Chinese automakers entering the domestic market, raising regulatory hurdles for Mercedes because … Read more
German automaker Volkswagen reported an operating profit of 3.5 billion euros ($3.98 billion) for the April to June period, missing LSEG consensus expectations of 4.3 billion euros and falling nearly 10% from the previous year. Volkswagen Cuts Sales Forecast and 2026 Revenue Expectations Europe’s biggest carmaker revised its 2026 sales revenue guidance to a range … Read more
Alphabet and Tesla are recalibrating their financial strategies as aggressive capital expenditure (capex) on artificial intelligence weighs on their short-term free cash flow. According to earnings reports from both companies released on Wednesday, rising infrastructure costs—driven by data center expansion and AI hardware—have led to negative free cash flow for the latest quarter, triggering investor … Read more
China’s industrial sector reported a 21.1% year-over-year profit increase in May, according to data from the National Bureau of Statistics (NBS). This growth, while slowing from April’s 24.7% pace, highlights a deepening divide in the Chinese economy, where a global surge in artificial intelligence investment currently offsets persistent domestic weaknesses like the property sector downturn … Read more
SpaceX has shifted from a Google-backed startup to a critical infrastructure provider for the search giant, inking a $920 million monthly deal to supply AI compute capacity as part of a broader, complex rivalry between Elon Musk and Google co-founder Larry Page. This partnership, which follows Google’s initial $900 million investment in SpaceX in 2015, … Read more