Luxury auto division of GM, rooted in American carmaking since 1902
Electric-vehicle prices have risen in July as automakers tighten incentives after the expiration of federal tax credits. Analysts say limited supply and luxury demand are keeping prices high, while cheaper, mass-market models could pressure the market later in 2026.
Gasly has had his Monaco Grand Prix penalties rescinded after a timekeeping error, restoring his third place on the track and reshuffling the final standings. Alpine had appealed; FIA confirmed the error and the penalties were withdrawn. The Barcelona weekend follows as teams await further clarity.
Automakers have announced strategic shifts as Chinese brands and US trade rules upend the sector. Volkswagen has proposed deep job cuts to cut costs, Jaguar Land Rover is adding hybrids and prioritising the US, and the Commerce Department has denied Polestar permission to sell new connected models in the US from 2027, pushing the brand to refocus on Europe.
Ford says it has turned a corner on recalls and quality, aiming to launch a fresh lineup across North America while reducing warranty costs. Yet analysts note ongoing headwinds as suppliers, electrified powertrains and software deployment complicate new vehicle launches.
Toyota has announced a major expansion of its San Antonio manufacturing campus, adding a second assembly line and a new axle plant, boosting capacity and jobs as part of a $10 billion U.S. investment through 2030. The move follows a decision to shift Tacoma production from Mexico to Texas, while continuing some Mexican operations.
Kimi Antonelli has claimed pole at Spa-Francorchamps, extending his title lead. Verstappen starts behind with a heavy grid penalty, Norris is third. The Hungarian GP is approaching, with teams looking to finalise setups before the break.
Lando Norris clinches pole at the Hungaroring, with Leclerc second and Piastri third. Kimi Antonelli starts further back due to a grid penalty; the race is set to unfold amid a tight championship battle and the final sprint before the summer break.
Mercedes-Benz is navigating U.S. pressures over Chinese investors as a bipartisan bill would tighten restrictions on Chinese-owned automakers. The company has pledged to shield its U.S. operations while expanding local production, and lawmakers warn Mercedes-Benz could be affected by new ownership limits.
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Lando Norris wins the Hungarian Grand Prix for McLaren, ahead of Max Verstappen and Kimi Antonelli. Oscar Piastri retires with gearbox trouble after leading for a stretch. Lewis Hamilton finishes fifth following a pit-lane speed penalty, while the championship gap widens to 50 points.
A wave of Chinese automakers is expanding into Europe and the UK, challenging traditional premium brands. Zeekr, BYD and others are pursuing UK launches while major players like Geely, Volvo and Lucid push into premium segments. European and US automakers are restructuring to cope with China’s rising export power and shifting supply chains.
Donald Trump has been touring Michigan, arguing tariffs are boosting US industry while acknowledging price pressures. The visit highlights a tension between pro-business rhetoric and the everyday costs felt by voters as Michigan buckles under inflation and higher import taxes.
Bob Iger and Josh Kushner have agreed to buy the Los Angeles Lakers from Mark Walter in a deal reported to value the franchise at about $12.5 billion. The agreement has been announced this week and still requires NBA Board of Governors approval and due diligence by Kushner's Thrive Eternal.
Cadillac has announced a leadership transition for its Formula 1 project, with Marcin Budkowski taking over as team principal. Graeme Lowdon has departed after guiding the American entrant through its debuts this season, which have featured reliability issues and no points after 11 races.