South Korean automaker and Hyundai Motor Group’s flagship owner of Genesis and Kia stake
Bending Spoons has begun trading on Nasdaq with a valuation around $25.5-25.7 billion and raised about $1.68 billion. The Milan-based group acquires and rebuilds aging digital brands such as Eventbrite, Evernote, Meetup and AOL, then holds them to drive growth through AI-enabled features, pricing, and tighter operations. Revenue in Q1 2026 reached $601 million with $27.5 million net income as it scales its portfolio and expands its multi-brand strategy.
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.
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.
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.
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.
Multiple fatal vehicle crashes have occurred recently across Scotland and Northern Ireland. Police have confirmed a series of investigations and are seeking dash-cam footage and witness information. Road closures have been in place and investigations are ongoing.
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.
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.
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.
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.
Two best friends, Maddalyn Dailey and Isabell Hill, were killed when a Camaro struck their car at 117 mph in Victorville on Aug. 14. Terry Lamar Easter, 50, has been charged with two counts of murder, willful cruelty to a child, and speed contest. Easter allegedly fled the scene, leaving his 8-year-old son in the vehicle; he later surrendered after a nationwide warrant.
Honda plans to cut over $9 billion in costs by 2030 and asks suppliers to trim prices while expanding use of Chinese components; Honda and Nissan will jointly develop SDV-focused electronic control units for a 2029 rollout. Hyundai is accelerating US growth with a massive Georgia plant, a major metaplant expansion, and a target to lift US-made vehicles share.
A wave of humanoid and consumer robots is moving from research labs into everyday life. Chinese automakers and tech firms are investing heavily in autonomous humanoid platforms, backed by AI and edge computing. Early consumer robots are shipping ahead of year-end timelines, with a focus on open development and practical tasks.
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.
Federal agents have carried out a raid at the Nutrition Bar Confectioners plant in Cato, New York, arresting 57 people and reviewing records as part of an immigration sweep. Managers opened the door after force was debated; several hours of searches followed with officers separating U.S. citizens from noncitizens and questioning immigration status.