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VW to halve its lineup to cut complexity amid China EV slump
business15 hours ago

VW to halve its lineup to cut complexity amid China EV slump

Volkswagen will streamline its global model lineup by up to 50% and slash product complexity by as much as 75% under CEO Oliver Blume’s Future Plan, aiming to focus on core segments as China’s EV demand weakens and costs rise. The strategy also includes trimming annual production capacity to about 9 million vehicles (from 10 million) and has touched on plant closures and up to 100,000 potential job cuts (blocked by labor reps), with possible divestment of luxury brands like Lamborghini and Ducati. While VW sees pockets of growth in Europe and South America, EV deliveries remain volatile (notably a US slump after subsidies expired), underscoring the need to simplify the portfolio to restore profitability.

via Yahoo Finance|
#business#china#ev
EV Demand Rebounds, Signaling Stabilization After Tax Credit Phase-Out
business20 hours ago

EV Demand Rebounds, Signaling Stabilization After Tax Credit Phase-Out

Cox Automotive data show U.S. EV sales rose 14.2% quarter-over-quarter to 247,226 in Q2 2026—the strongest quarter since the federal EV tax credit expired—though they remain about 20.5% lower year-over-year; Tesla led with 124,800 deliveries, Toyota posted a 225% YoY surge amid a refreshed lineup, and automakers are pushing more affordable EVs as charging networks expand and state incentives persist, signaling market stabilization after the post-credit shock.

via InsideEVs|
#auto-industry#business#ev
China’s EV push fuels 80% June rise in passenger-car exports as domestic demand weakens
world2 days ago

China’s EV push fuels 80% June rise in passenger-car exports as domestic demand weakens

China’s passenger-car exports surged 80% year-on-year in June, driven by strong demand for electric vehicles, while domestic sales declined about 26%. For the first half of 2026, exports jumped 72% to over 4.4 million vehicles, with June exports around 905,000 cars (up from 809,000 in May). Analysts say the domestic market remains under pressure from price wars and a sluggish property sector, compounded by cutbacks in EV subsidies; meanwhile Chinese automakers like BYD are expanding overseas. Some forecasts suggest 2026 exports could reach around 10 million vehicles, though domestic demand may stay soft.

via Yahoo|
#automotive#china#domestic-sales
Fiat brings the tiny Topolino electric to the US at a bargain price with a catch
business2 days ago

Fiat brings the tiny Topolino electric to the US at a bargain price with a catch

Fiat will launch its 8-foot-long, two-seat Topolino EV in the U.S. starting at about $13,995 ($14,985 with destination), offering up to 46 miles of range. Initially limited to speeds up to 25 mph, Fiat will provide a free kit by summer to convert it into a federally regulated low-speed vehicle (LSV) that can operate on public roads with speed limits up to 35 mph; the car will be offered in Topolino and Dolcevita versions and is positioned as a neighborhood-focused, affordable EV extension beyond the 500e.

via New York Post|
#business#ev#fiat
Fiat Topolino Enters the U.S. Market as a $14,985 Tiny City EV
automotive3 days ago

Fiat Topolino Enters the U.S. Market as a $14,985 Tiny City EV

Fiat's Topolino hits the U.S. market at $14,985 (destination included), offering two seats, 46 miles of range, and a 19 mph top speed; not street-legal yet, but a late-summer conversion kit will raise top speed to 25 mph for on-road use as a Low Speed Vehicle, with limited initial units and a Dolce Vita edition featuring a sliding convertible top, plus bespoke customization via Motori & Customs.

via Road & Track|
#automotive#ev#fiat
Ford’s Q2 Sales Slip Hits 10% as EV Demand Wanes, Bronco and Maverick Hybrid Shine
business9 days ago

Ford’s Q2 Sales Slip Hits 10% as EV Demand Wanes, Bronco and Maverick Hybrid Shine

Ford reported a 10.3% drop in Q2 U.S. sales to 549,200 as EV demand waned and two models were phased out, with hybrid volume down around 20% and F-Series off about 11%. The Bronco rose 15.9% to a Q2 record of 45,739, helping a stronger showing in the off-road/SUV family, while the Maverick Hybrid set a Q2 record at 29,457 (+19.3%). Lincoln Nautilus also posted a quarterly high as Ford continues its EV and cost-conscious model strategy, including a forthcoming affordable EV pickup next year.

via Yahoo Finance|
#bronco#business#ev
Rivian nudges 2026 EV target higher on strong Q2 demand
business9 days ago

Rivian nudges 2026 EV target higher on strong Q2 demand

Rivian raised its 2026 delivery outlook to 65,000–70,000 vehicles after stronger-than-expected Q2 demand, with Q2 production of 12,613 and deliveries of 12,194. Growth was driven by the electric delivery van and the flagship R1 lineup, plus the start of R2 midsize SUV deliveries and ramp-up at its Normal, Illinois plant with 160,000 annual capacity. The company will report Q2 results on July 30 as rivals Tesla and Lucid prepare to disclose their numbers.

via CNBC|
#business#delivery#ev
Rivian bets big on R2 as tornado tests its factory
technology9 days ago

Rivian bets big on R2 as tornado tests its factory

Rivian’s push to scale the affordable R2 is tested by a tornado that damaged its Normal, Illinois factory just as the EV market cools and policy shifts bite; the company bets on vertical integration, in-house software, and a VW partnership to carry it to mass production, but success now hinges on the R2 delivering volume and profitability amid supply-chain volatility and competition.

via The Verge|
#ev#factory#r2
GM's Q2 US sales dip as EV slump tests momentum, trucks and SUVs keep margins
business9 days ago

GM's Q2 US sales dip as EV slump tests momentum, trucks and SUVs keep margins

GM posted about 715,000 US vehicle sales in Q2, down 4.2% from a year earlier, blaming discontinued models and a steep EV slump after the federal tax credit expiry; EVs fell sharply (Equinox EV, Blazer EV, Hummer EV, Lyriq), while gas‑powered trucks and SUVs carried the quarter (Sierra up 5% to ~95k, Silverado roughly flat, Traverse/Trailblazer/Canyon rising). GM maintains EV share around 13.5–14% and leadership in full‑size pickups/SUVs, aided by tight inventories and disciplined pricing, ending the period with about 511,000 vehicles in dealer stock (~55 days) and average transaction prices above $52,400.

via Yahoo Finance|
#business#ev#gm
BMW electrifies the X5 with a 525-mile iX5 60 xDrive
technology10 days ago

BMW electrifies the X5 with a 525-mile iX5 60 xDrive

BMW unveils the 2027 iX5 60 xDrive, the first all‑electric X5, built on BMW’s Gen6 eDrive with an 800V architecture and a Europe‑spec 141 kWh pack delivering up to 525 miles WLTP; a dual‑motor AWD setup makes 578 hp and 805 Nm, with DC fast charging up to 460 kW enabling 10–80% in about 23 minutes. The SUV features Neue Klasse styling and an optional Panoramic iDrive display, and it will be assembled in the US (Spartanburg) with US pricing around $75,000; it goes on sale in late 2026, with electric variants following early 2027.

via Electrek|
#bmw#charging#ev
California launches $3,500 instant EV rebate to replace federal tax credit
policy11 days ago

California launches $3,500 instant EV rebate to replace federal tax credit

California will offer a $3,500 instant rebate for new electric vehicles, funded by a $135 million state fund (matched by automaker grants) and part of a budget deal, to fill the gap after the federal $7,500 credit ended; the program will also include rebates for used EVs and is expected to be limited to California residents as the state maintains leadership in EV adoption.

via USA Today|
#automakers#budget#california
Toyota recalls nearly 21,000 EVs (bZ, Solterra, Lexus RZ) over battery ECU fault
technology14 days ago

Toyota recalls nearly 21,000 EVs (bZ, Solterra, Lexus RZ) over battery ECU fault

Toyota is recalling 20,991 electric vehicles across the bZ, Solterra, and Lexus RZ lines due to a potentially faulty battery ECU that could cause a loss of power and increase crash risk. Dealers will update the battery ECU at no cost, with notification letters to be mailed around August 3, 2026. Models affected include 11,495 bZ, 4,757 Solterra, and 4,739 Lexus RZ, all built on the e-TNGA platform; other Toyota, Subaru, and Lexus EVs are not affected.

via Electrek|
#battery-ecu#ev#recall