American multinational automaker rooted in Dearborn since 1903
Warren Buffett has stepped down as chairman of Berkshire Hathaway and has become chairman emeritus, remaining on the board. His son, Howard Buffett, has become non-executive chairman while Greg Abel continues as chief executive. The move completes a long‑planned succession more than nine months after Buffett handed the CEO role to Abel.
Slate Auto has unveiled a bare‑bones two‑seat electric pickup with a $24,950 base price and a two‑row SUV conversion starting at $29,950. The company has raised the base EPA range estimate to about 205 miles, is taking preorders with a $300 deposit, and plans production to begin in late 2026 with direct online sales.
Micron has reported blockbuster fiscal third-quarter results — $41.46bn revenue and $28.24bn net income — and has forecast roughly $50bn for the current quarter. The results have pushed Micron above a $1tn market value, restarted buying in memory stocks and have sharpened concerns that soaring AI data‑centre demand is forcing consumer electronics makers, including Apple, to prepare price increases.
Markets are stabilising after a stretch of high activity in tech options, with traders shifting focus as implied volatility cools. Small caps are leading potential next moves, while global equities reflect a policy-led, carry-friendly regime.
Rivian has launched the R2, a mid-market electric SUV, signaling a strategic shift from its high-price lineup. Analysts say the move could broaden EV adoption and pressure rivals, as markets respond to strong electrified sales and growing competition.
Ford has rehired roughly 300–350 veteran engineers to correct defects that automated inspection and AI-driven tools failed to catch. Executives have said the specialists are auditing designs before parts reach factory floors, mentoring younger staff, and retraining AI systems; Ford has risen to the top mainstream spot in JD Power’s initial-quality study.
E. Jean Carroll has received $5,625,005.48 that a 2023 jury awarded after finding Donald Trump liable for sexual abuse and defamation. The funds had been held in a court-controlled escrow account while Trump exhausted appeals and sought last-minute delays; his legal team is continuing challenges tied to a separate $83.3m judgment.
The United States has declined to renew the US-Mexico-Canada Agreement in its current form and has begun annual reviews instead. Washington has said it will continue talks with Mexico and Canada to address trade deficits and "shortcomings." The pact remains in force and will expire in 2036 unless countries agree changes.
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.
Major automakers have pulled several electric models and cancelled projects after federal tax credits ended in 2025, while Q2 2026 US EV sales have recovered sequentially to about 247,226 units. Higher fuel prices, state rebates and low‑cost entrants such as Slate, Fiat Topolino and Chinese brands in Europe are reshaping supply, pricing and consumer demand.
Kia America has initiated a recall expansion for 2020–2024 Telluride models after front power seat motors can overheat and cause fires. The new repair, installed by dealers, centers on an electronic fuse assembly to prevent ongoing motor operation if the switch is damaged. Owners are advised to park outdoors until repairs begin, with letters to be sent from Aug. 13. The recall follows a prior 2024 fix that did not resolve all incidents.
The High Court has ruled that most testing strategies do not amount to prohibited defeat devices, narrowing a long-running lawsuit over NOx-emitting diesel cars. Mercedes-Benz faces one upheld allegation, which was removed from 2015. The ruling binds other manufacturers; a broader trial continues.
Chips used in AI data centers are squeezing memory supply and driving up RAM costs, impacting smartphones, laptops, and other devices. The trend is shifting production toward high-bandwidth memory, reducing capacity for consumer chips and pressuring prices across the tech sector.
Ford has integrated Apple Maps directly into its universal electric vehicle platform, starting with a $30,000 midsize truck due in 2027. The move, part of Ford’s push for affordability and a simplified tech stack, will power navigation, EV routing, and battery preconditioning, with Latitude AI using map data for a next-gen hands-free system. Apple Maps runs natively in-vehicle, not via CarPlay, and aims to streamline features like home automation and fleet routing.
Subaru recalls certain 2019–2026 Ascent, 2025–2026 Forester and Forester Hybrid, and 2026 Crosstrek Hybrid vehicles after regulators found incorrect GAWR labeling. Owners will receive corrected GAWR stickers by mail; dealers can apply them at no charge. Notifications begin late August.
Ford and Aramark are reviewing kiosk payments after workers wrongly branded as snack thieves led to terminations. Several cases have emerged at Ford plants, with employees reinstated in some instances after payment glitches are cited. Ford and Aramark say they are examining limited kiosk issues.
Automakers are expanding vehicle-to-home and vehicle-to-grid capabilities. Ford’s F-150 systems are connecting EVs to home meters for backup power, while Kia, Tesla and GM are pursuing similar energy services as grid demand grows and EV sales slow.
A bipartisan Senate bill would bar the sale of connected vehicles by automakers that are more than 15% owned by Chinese entities, potentially affecting Mercedes-Benz, which has substantial Chinese ownership. The proposal has emerged in an ongoing policy debate about national security and supply-chain resilience.
US jobless claims have fallen to a record low, highlighting a tight labor market. Yet NILF (not in labor force) trends show millions leaving the workforce, with experts warning of a broader participation shift. The data suggest ongoing divergence between firing rates and hiring activity, with implications for policy and growth.
Ford and Geely have unveiled a two-thirds/one-third joint venture to build five vehicles at Ford’s Valencia plant in Spain, starting 2028. The deal seeks to reassert Ford’s presence in Europe amid rising Chinese competition, cost pressures, and tightening regulations. Production of the Kuga PHEV will continue; two Geely electric SUVs will be built; a new multi-energy crossover is planned for 2028. The move signals broader global partnerships as U.S. policy tightens access for Chinese firms.
The US has imposed new 10%–12.5% tariffs on imports from 60 trading partners, saying they have not effectively enforced bans on goods produced with forced labour. The levies replace expiring temporary duties and include product exemptions, while trading partners from Brazil to Australia have criticised the move and markets have reacted with caution.
A review of recent automotive pieces shows evolving sentiment around hybrid performance, affordability, and simplified interiors in new trucks and SUVs. Updates highlight continued experimentation with powertrains and consumer-focused pricing in 2026 models.
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.
Zoox has received a temporary NHTSA exemption that allows it to charge fares for its purpose-built robotaxis and will start paid rides in Las Vegas on Aug. 10. The company can deploy up to 2,500 vehicles annually for two years under enhanced federal oversight while state and local approvals remain required for expansion.
A roundup of recent reports shows how debt, housing costs, and consumer spend patterns shape the US financial landscape. Redfin and Zillow data indicate ongoing affordability stress in housing, while consumer debt and money-management trends are highlighted by CNBC and independent outlets. The mix suggests a cautious, debt-aware economy.
London's TfL has licensed 15 private-hire autonomous vehicles with human supervision to begin trials later this summer, paving the way for robotaxis in the capital. Uber and Wayve say thousands are on the waiting list as regulators monitor safety and prepare for potential driverless trips.
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.
Ford has announced the Fathom, a sub-$30,000 electric pickup built on a new Universal EV Platform. Prototypes will start in early 2027 with deliveries later that year, as Ford pushes a cost-focused, vertically integrated approach to catch up with Chinese competitors and Tesla.
Global firms are increasingly turning to Chinese technology, AI, and battery suppliers as China deepens its role in global supply chains. Auto makers and tech majors are partnering with CATL, Baidu, Alibaba, and Xpeng, while Hong Kong is rising as a testing ground for AI models and data-center capacity. The shift signals a broader move from China as a manufacturing base to a source of advanced capabilities, even as US constraints persist.
Moove has raised $250 million in a Series C led by Mubadala, supporting its plan to scale autonomous-vehicle operations while continuing its human-driven fleet business. The funding values Moove at $2.1 billion and will fund depots, hiring, and expansion with Waymo partnerships.
Canada and the United States have resumed intensive talks to avert steep US tariffs that could take effect this week. Ottawa has offered concessions, including removing a retaliatory auto tariff, while Washington has pressed provinces to lift bans on US alcohol and pushed demands on market access and content rules for autos. Negotiators are still finalising details.
Waymo has expanded its Ojai robotaxi rollout, adding more U.S. markets and plans to accelerate fleet growth. The company is integrating its sixth‑generation self‑driving system with Zeekr’s Ojai platform, aiming to reduce cost and improve safety as deployments accelerate globally.
A digest of recent car industry moves: Rivian adds captain’s chairs in updated models; Ford explores new sub-$30k entry crossovers and a cheaper four-door pickup; 2026 cancellations signal potential discounts; rear-camera glitches prompt safety concerns; Mazda explores a new EV-based 6e with long range.
U.S. authorities have charged Melissa L. Farris with depredation of property and destruction of veterans’ memorials after the World War II Memorial fountain was defaced with red graffiti and soap. The incident follows similar vandalism at nearby sites and comes amid ongoing debate over the Reflecting Pool case.
Genesis unveils the GV90, its first full-size electric SUV, signaling a bold push into premium markets. The Neolun variant with coach doors and a lounge-like cabin showcases high-end features as Genesis outlines its three pillars—luxury, performance and hospitality—while signaling a broader portfolio development.
Max Verstappen has extended his Red Bull contract to 2030 as Formula 1 implements new engine regulations. The move follows months of speculation about his future and reflects a commitment to the team despite dissatisfaction with the sport’s energy-management rules.
Chinese regulators have announced recalls affecting more than four million vehicles, largely driven by safety concerns over hidden, electronically operated door handles. Tesla has accounted for about 2.98 million cars; Xiaomi, Leapmotor, Xpeng and Geely are also recalling vehicles. Automakers will add warning labels and push software updates to improve emergency egress and driver monitoring.
Canada has matched the United States’ 50% tariffs on a broad range of goods, escalating a tense trade war. Ottawa says it will apply counter-tariffs across sectors including steel, dairy, appliances and electronics, while promising support for affected businesses as talks stall. The row centers on autos, housing materials and consumer items, with markets reacting to the broader clash over sovereignty and trade rules.
A police pursuit has led to fatal crashes in Stratford-upon-Avon, Warwickshire, and Dunstable, Bedfordshire. In Warwickshire, a 62-year-old woman driving a Ford Puma died after colliding with a pursued Audi A3; the Audi driver, a 19-year-old man, died at the scene. In Dunstable, a separate collision after a pursuit killed the driver, a 41-year-old man. The IOPC has launched investigations into both incidents.
The United States has imposed 50% tariffs on roughly $20bn of Canadian goods and has threatened 50% duties on vehicles from January 2027. Canada has unveiled dollar‑for‑dollar retaliatory tariffs on C$27.6bn of U.S. imports, taking effect 8 September, and has pledged more than C$7bn in support for affected firms and workers.
A wave of higher tariffs has escalated the US-Canada dispute, with Canada retaliating dollar-for-dollar as talks collapse. Canadians are shifting consumer habits, favoring local products, and businesses warn of rising costs. Trump pushes for broader punitive actions as the standoff deepens.
Tesla has revealed European specifications for the Semi, announcing a 342-mile range, 800 kW Megacharger support, and 1,073 bhp from three rear motors. BYD and others unveil competing electric trucks across 3.5–44 tonnes, highlighting chargers and efficiency as the race for long-haul electrification accelerates.
Automakers including Hyundai, Genesis, Ram, Jeep, Ford and Scout Motors are pursuing extended-range electric vehicles (EREVs) by 2028, aiming to blend electric driving with gasoline range for long trips amid high fuel costs. Toyota's plug-in RAV4 and Hyundai’s Santa Fe EREV illustrate growing plug-in and hybrid options, while comparisons show RAV4 Plug-in leading in range and efficiency versus the Tucson Plug-in Hybrid.
A wave of robotics and AI upgrades is reshaping manufacturing. Startups like Vsim and Maven are pushing faster simulations and end-to-end automation, while established players such as Agility, Nissan and Caterpillar detail how humanoids and AMRs are being deployed to lift heavy loads, optimize flows and reduce human labor in factories.
Transportation Secretary Sean Duffy has raised national-security concerns about Ford’s ties to Chinese battery tech and plans with Geely in Spain, prompting political and regulatory scrutiny. Ford defends its approach, while lawmakers press for clarity on independence from Chinese tech.
An Amazon Air cargo flight overshot the runway at Miami International Airport, striking vehicles and causing multiple fatalities. Investigators have recovered flight records and are examining weather, speed, and crew actions. Two runways remain closed as the response and probe continue.
Major moves in autonomous mobility involve Bolt and Lucid, May Mobility, and Lyft-Waymo partnerships, with deals aimed at scaling fleets, public listings, and international expansion.
Ford and GM are expanding gasoline and V-8 options for 2027 pickups while trimming some features to cut prices. Ford adds a towing-capable BlueCruise on the F-150; GM rolls out new Small Block V-8s and a refreshed Silverado/Sierra lineup. The shift comes as regulators and markets weigh the future of electrification against demand for traditional powertrains.