American automaker; largest US automaker by sales for decades; owns Chevrolet, Buick, GMC, Cadillac; diversified into EV and energy storage
Automakers have pulled several electric models from the U.S. market even as quarterly EV sales have risen. Q2 2026 U.S. consumer EV purchases have reached 247,226 vehicles, a sequential rise driven by higher fuel prices, new low-cost entrants and state rebates. Manufacturers and startups are responding with cheaper models, but many legacy brands have cancelled or delayed U.S. EV projects.
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.
Chinese automakers have accelerated global expansion in 2026, showcasing rapid advances in batteries, charging and autonomous tech at the Beijing Auto Show while exports have surged. BYD, Geely and CATL have rolled out ultra-fast charging batteries and chargers; Geely is exploring US production through Volvo; legacy automakers are reorganising to respond to the pressure.
President Donald Trump has given the EU until 4 July to implement the Turnberry trade deal or the US will raise tariffs on EU cars and trucks from 15% toward 25%. He has said he spoke to European Commission president Ursula von der Leyen, set the deadline tied to US Independence Day, and warned of "much higher" duties if the bloc does not act.
Magna is embedding AI across its global supply chain to improve quality, maintenance, safety and efficiency, while Rivian outlines an expanded R2 family and a Georgia factory to scale production; Ford unveils a Long Beach EV development center amid leadership changes in its EV unit, and Toyota is pursuing a privacy-conscious data fabric in its Woven City project.
California has reached a civil settlement with General Motors over the sale of driver data collected via OnStar, with GM to pay $12.75 million and restrictions on data use. The case, announced by Attorney General Rob Bonta, centers on the sale of location and driving data to data brokers between 2020 and 2024. Court approval is required for the payout and accompanying limits.
Several firms have announced expansion plans and new measures that will accelerate commercial robotaxi rollouts. Mobileye has announced a 2027 U.S. launch with an initial 100-vehicle fleet and a five-year target of 17,000; Wayve and Uber are preparing a supervised London service in the coming months; Tesla and Waymo are expanding U.S. coverage; and new indices show Chinese robotaxi players are scaling faster than many expected.
Stellantis has unveiled a plan to roll out nine new models under $40,000 by 2030, aiming to revive US volume and stabilize margins. The move includes new Ram, Dodge, and Jeep entries, alongside cost-cutting measures after heavy investments in electrification and a prior $26 billion annual loss.
GM is expanding vehicle‑to‑grid capabilities and developing sodium‑ion batteries for grid storage, aiming to cut costs and support rising electricity demand driven by AI data centers. Pilots with PG&E and DTE Energy are underway, with Scale and timelines focused on energy storage rather than cars.
The SpaceX IPO has launched, commanding a multi-trillion-dollar market cap and drawing investor attention to AI-focused stocks like Anthropic and OpenAI. Analysts warn about overvaluation and the risk of market concentration as new supply floods the tech sector.
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.
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.
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.
Major tech firms have announced widespread workforce reductions while reporting record AI spending and rising head counts at heavy AI adopters. Oracle, Microsoft, Meta and others have cut roles and cited AI-driven change even as studies from Ramp/Revelio, SignalFire and Draup show engineering hires and entry-level roles growing at AI‑intensive firms and job listings shifting toward judgment and AI-tool fluency.
POLITICO, Independent, Business Insider UK and others report on RAISE US, a bipartisan nonprofit led by Gina Raimondo and Eric Holcomb. The group mobilizes $500m+ from tech firms to fund workforce programs, pilots in Arkansas, Maryland, Utah and Connecticut, and policy work to shield workers from AI disruption.
Non-sponsor brands are driving cultural moments at the World Cup, surpassing official sponsors in engagement and influencing ad strategies across the U.S., Canada and Mexico-hosted tournament. Non-sponsors leverage real-time trends and creative campaigns, while official sponsors maintain traditional visibility.
Volkswagen has signalled a major restructuring plan, with reports that the group is weighing further job cuts and plant closures in Germany to cut costs and counter Chinese competition. The board meeting on July 9 will review potential closures of Hanover, Zwickau, Emden, and Neckarsulm, as part of a broader program to reduce costs and boost profitability.
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.
Rivian has announced the 2027 R2 as a more affordable, capable EV SUV lineup. The vehicle will start at $59,485 for the Launch Package with up to 345 miles of range, and a $46,485 Standard version with 350 hp and ~275 miles will follow in 2027. Dual-motor and Premium variants arrive later this year or in 2027, and Autonomy Plus is being added to the driving stack with plans for future point-to-point driving.
Microsoft has announced 4,800 job cuts companywide, including 3,200 roles in Xbox during fiscal 2027 and 1,600 Xbox positions eliminated immediately. Xbox will spin out or divest five studios and reduce management layers as it restructures to strengthen margins while shifting resources toward AI and core franchises. The move has reduced Xbox headcount by about 20%.
Democratic Socialists of America-backed candidates have swept primaries in New York City and beyond, signaling a growing movement that now confronts rural areas and state legislatures.
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.
Federal and local probes have produced new findings and warnings about autonomous vehicles. The NTSB has reported that a Tesla driver manually overrode Full Self-Driving before a June crash that killed a 76‑year‑old in Katy, Texas. NHTSA has issued a directive demanding AV developers fix cases where driverless cars enter or block emergency scenes; Waymo and California regulators are under pressure over several incidents.
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.
The federal investigation into Union leader Shawn Fain has escalated as a grand jury probes allegations including retaliation and misuse of authority, with the monitor deferring disciplinary action pending review. The inquiry is unfolding as UAW elections approach.
CNBC’s 2026 America’s Top States for Business quality-of-life rankings have drawn criticism from conservatives who say the methodology unfairly targets red states. Critics argue the list conflicts with population growth data and different state policy outcomes.
Ford is pursuing a $30,000 electric pickup built on a new Universal EV Platform, aiming to-scale production and profitability. The truck, smaller than some rivals, will launch around 2027 from Ford's Kentucky plant, as Ford reins in costs after big EV investments.
Oil prices have surged as hostilities between the US and Iran escalate, threatening Gulf shipping routes and tightening global energy supplies. Brent crude has breached key levels, with traders watching the Strait of Hormuz and Bab el-Mandeb for further disruption. Analysts warn prices could rise further if tensions persist.