Multinational carmaker forged in 2021 from PSA and FCA
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.
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.
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.
A cohort of new lightweight electric vehicles is entering the market. Amble’s One, a 60+ mile range, 40 mph open-air buggy, is launching from Lisbon with a design pedigree linked to Audi, Ford, Cowboy, and Apple’s late car ambitions. Volvo has ceased US imports of the EX30, highlighting demand for compact EVs.
President Donald Trump has overridden the NATO agenda at a summit in Ankara by pressing allies to boost defence spending, threatening trade with Spain, and floating withdrawal of US troops from Europe. He has also signalled he will lift sanctions on Turkey and is considering selling F‑35 jets and engines to Ankara, prompting Israeli and European alarm.
Volkswagen has presented a transformation plan to streamline its model lineup and cut production capacity to about 9 million vehicles per year. The group is weighing up to 100,000 additional job cuts and may close four German plants, triggering protests as unions push back against the overhaul.
The High Court has ruled that most testing strategies do not amount to prohibited defeat devices, narrowing a long-running lawsuit over NOx-emitting diesel cars. Mercedes-Benz faces one upheld allegation, which was removed from 2015. The ruling binds other manufacturers; a broader trial continues.
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.