Japanese automaker rooted in Yokohama, selling Nissan and Infiniti brands
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.
Investors are shifting from chipmakers to hyperscalers, with AI capex by big tech cited as a key driver. The Magnificent Seven have lagged while memory and semiconductor stocks surge, signaling a rotation in market leadership as analysts weigh monetization risks and the pace of AI spending.
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.
Chinese automakers are now producing leading electric vehicles with advanced powertrain technology and rapid charging capabilities. CATL has unveiled a third-generation lithium-iron phosphate battery that charges faster and performs well in cold weather, signaling significant progress in EV battery development.
Nissan has reported a narrowed annual loss and flat revenue as CEO Ivan Espinosa cites “clear signs” of a turnaround. The company is cutting costs and pursuing faster product execution, with a plan to return to profit in the current fiscal year, while facing intense competition from Chinese makers.
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.
The EU has reached a compromise to enact the Turnberry trade accord with the United States, which has pledged to cap many U.S. duties on European goods at 15% while the EU will remove tariffs on U.S. industrial and some farm products. European institutions are racing to complete legislation before a July 4 deadline and recent U.S. tariff moves are hardening opposition in the Parliament.
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.
The USMCA renewal process is under way as the three North American partners weigh changes to the pact. Canada and Mexico seek a 16-year extension, while the United States signals willingness to renegotiate to boost domestic production. Negotiations are ongoing, with no immediate agreement expected, and the fate of tariffs and auto rules remains uncertain.
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.