Multinational carmaker forged in 2021 from PSA and FCA
Toyota plans to expand its electric vehicle lineup in the US, with new models and local production, as demand recovers from a recent decline. Meanwhile, Tesla struggles with falling sales and production-supply gaps amid industry-wide demand slowdown, focusing on autonomous robots and future mobility projects.
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.
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.
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.
Stellantis has announced a global recall affecting around 1.3 million Jeep Wrangler SUVs and Gladiator pickups from 2021–2025 amid an electrical wiring fault in the power-steering system that could overheat and cause fires. The company has identified 72 potential incidents, including one injury, and is urging owners to park outside until repairs are completed, with a fix expected by July.
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.
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.