Japanese automaker and tech investor
Economic data show consumer confidence has risen slightly but remains below last year’s levels as gas prices stay elevated amid the Iran war. Higher fuel costs and state tax increases are shaping spending, travel plans, and hiring expectations across the country.
As of April 2026, Tesla's Q1 vehicle deliveries fell 4% below analyst expectations, with a record inventory buildup signaling demand challenges. Volkswagen will cease US production of its ID.4 electric SUV, shifting focus to higher-volume models amid weak EV sales. Meanwhile, Australian demand for used EVs surges due to rising fuel prices, and Toyota plans to expand its US EV lineup despite recent market setbacks.
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.
Rivian has begun delivering the R2, its more affordable EV, with plans for a $50,000 base version by 2027. CEO RJ Scaringe argues the R2 will broaden choice and avoid copying rivals, while production scales in Illinois and Georgia expand capacity.
A roundup of recent coverage shows interest in plug-in hybrids remains steady. Experts highlight the cost hurdle, but buyers are turning to used models to save money. The Prius Prime leads within small cars; Tucson and Sorento plug-in hybrids offer more space. The debate hinges on price versus electric range as buyers seek efficiency.
Honda has issued a recall affecting 880,514 rear-suspension-equipped vehicles across multiple models in the U.S. and elsewhere, citing potential subframe corrosion that could lead to rear-suspension failure. Honda and Acura dealers will inspect and repair or reinforce the rear subframe at no cost, with notices mailing July 7. Separately, Stellantis is recalling over 1.3 million Wrangler/Gladiator models for a wiring harness risk that could cause fires.
A Toronto police officer has been shot and killed during a dawn raid connected to the March US consulate attack. One 19-year-old suspect is in custody in hospital; another 19-year-old, Zara Jabbi, remains at large and armed. The incident is tied to ongoing investigations of shootings in the city and possible links to a broader terrorist network. The officer’s death has prompted tributes from city leaders.
Slate Auto has unveiled a no‑frills electric pickup starting at $24,950 and a two‑row SUV conversion from $29,950. The company has opened preorders with $300 deposits, said the base truck uses a 63 kWh LFP battery and rear‑wheel drive, and has increased its EPA range estimate to about 205 miles; production is scheduled to begin late 2026.
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.
The Verge reports Donut Lab is facing scrutiny over battery claims; a science YouTuber has challenged the company’s assertion about solid-state batteries, suggesting the tested cell is lithium-ion. Electrek highlights inconsistencies in production-vehicle claims and CT Coatings’ supplier history.