Japanese auto giant navigating tariffs, EV shifts and global supply pressures
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.
Micron has reported blockbuster fiscal third-quarter results — $41.46bn revenue and $28.24bn net income — and has forecast roughly $50bn for the current quarter. The results have pushed Micron above a $1tn market value, restarted buying in memory stocks and have sharpened concerns that soaring AI data‑centre demand is forcing consumer electronics makers, including Apple, to prepare price increases.
New Zealand has confirmed its first mainland detection of H5 bird flu after a brown skua found on Petone beach has tested positive. Authorities have said there is no evidence of mass mortality or poultry infection, but surveillance and a targeted vaccination programme for endangered captive birds have been activated as officials monitor wild populations.
Federal and local investigators have opened probes after a Tesla Model 3 drove across a Katy, Texas, lawn and crashed into a home on 19 June, killing 76‑year‑old Martha Avila. The driver, Michael Butler, has been arrested on suspicion of manslaughter and remains jailed on $150,000 bond; the victim’s family has filed a wrongful‑death suit naming Tesla and Butler.
Markets are stabilising after a stretch of high activity in tech options, with traders shifting focus as implied volatility cools. Small caps are leading potential next moves, while global equities reflect a policy-led, carry-friendly regime.
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.
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.
Toyota has announced a major expansion of its San Antonio manufacturing campus, adding a second assembly line and a new axle plant, boosting capacity and jobs as part of a $10 billion U.S. investment through 2030. The move follows a decision to shift Tacoma production from Mexico to Texas, while continuing some Mexican operations.
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.
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.
Agility Robotics is expanding Digit deployments in manufacturing and logistics, unveiling a new 60,000-square-foot facility to accelerate commercial use. The company reports proprietary progress in integrating Digit with facilities and warehouse IT, while preparing for a public listing via a reverse merger.
Japan has recorded a string of 40°C temperatures in several cities, prompting new kokushobi warnings. Heatstroke alerts have been issued across many prefectures as officials urge cooling measures and casual office attire to reduce electricity use.
Edmunds has compared redesigned 2026 Lexus ES and Mercedes CLA in gas and electric forms. The ES offers more interior space and a smoother ride, while the CLA provides strong real-world range and faster charging. Both are priced to attract buyers into the luxury segment.
Ford and Geely have unveiled a two-thirds/one-third joint venture to build five vehicles at Ford’s Valencia plant in Spain, starting 2028. The deal seeks to reassert Ford’s presence in Europe amid rising Chinese competition, cost pressures, and tightening regulations. Production of the Kuga PHEV will continue; two Geely electric SUVs will be built; a new multi-energy crossover is planned for 2028. The move signals broader global partnerships as U.S. policy tightens access for Chinese firms.
Noah Lyles delivers a world-leading 9.79s in the 100m and confirms dominance as Sha’Carri Richardson wins the women’s 100m; Melissa Jefferson-Wooden defends her 200m title as Olympic cycle shifts with the Ultimate Championships on the horizon.
A magnitude-7.1 earthquake in Kumamoto has disrupted semiconductor and automotive production, prompting shutdowns at major plants, evacuations, and widespread power and transportation outages. Authorities report casualties and ongoing aftershocks as emergency services coordinate rescue and stabilization efforts.
A major earthquake has struck Kyushu, Japan, triggering a collapse at a shopping mall and a mill chimney, with dozens dead or missing. Power and water outages affect tens of thousands as temperatures rise. Rescuers are racing to reach survivors amid aftershocks and ongoing heat.
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.
Tech firms report sustained AI-driven demand for memory chips has pushed prices up, with Samsung and SK Hynix signaling multi-year capacity plans. Analysts caution that bets on AI infrastructure will keep capacity tight, while consumer electronics pricing remains elevated.
Eight families living in the Luyolo Community Centre hall have been moved to a temporary relocation area in Mfuleni after years of eviction battles and poor conditions. City of Cape Town confirms ongoing housing checks and talks on electricity connection, while urging immediate repairs and security during renovations.
Nissan has reported a quarterly profit of 3.8 billion yen after a loss in the prior year, with sales at 2.96 trillion yen. The company is aiming to restore profitability by March 2027, while facing disruption from the Middle East war and competitive pressure in China, alongside a Kumamoto earthquake impact.
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.
Ford has announced the Fathom, a sub-$30,000 electric pickup built on a new Universal EV Platform. Prototypes will start in early 2027 with deliveries later that year, as Ford pushes a cost-focused, vertically integrated approach to catch up with Chinese competitors and Tesla.
Typhoon Dolphin has tracked west from the Pacific toward Okinawa and Kyushu with sustained winds near 144–162 km/h, forcing Naha Airport to close and cancelling flights. Evacuation centres are hosting hundreds; authorities are warning of heavy rain, storm surge and gusts that will threaten damaged homes and infrastructure as the storm heads toward China’s eastern coast.
A wave of safety recalls has affected vehicles, ladders, refrigerators and trucks, impacting hundreds of thousands of consumers. Toyota recalls 655,000 vehicles for a faulty 7-inch display; Ram 1500 seat belt anchors are under scrutiny; attic ladders face bolt-break risks; Galanz refrigerators pose fire hazards. Notifications begin this week with free repairs and updates.
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.
British engineering firm JCB has set a new FIA-recognised land-speed record for a hydrogen internal-combustion vehicle. On 11 August at Bonneville Salt Flats, driver Andy Green has averaged 406.320 mph in the 32ft Hydromax powered by two hydrogen engines adapted from JCB machinery, more than doubling the prior hydrogen-combustion mark and showcasing JCB’s hydrogen programme.
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.
Toyota former president Hiroshi Okuda has died at 93. He led the company from 1995, spearheading globalization and hybrid development, including the Prius. His tenure shaped Toyota’s global production network and governance, with succession continuing to probe the Toyoda family’s influence.
Japan’s real GDP has grown at a 0.3% quarter-on-quarter pace in Q2, with annualized growth of 2.1%, driven by exports and government spending. Private spending has slipped, while energy costs and the Iran war have pressured prices. The Bank of Japan maintains a cautious outlook as wage growth remains tepid.
Japan has posted another trade deficit, with imports climbing 27.8% year over year and exports rising 23.2% in July, as the weak yen and Iran-related oil costs shape the outlook. The government is supporting chip subsidies even as energy costs weigh on households.
Chinese regulators have announced recalls affecting more than four million vehicles, largely driven by safety concerns over hidden, electronically operated door handles. Tesla has accounted for about 2.98 million cars; Xiaomi, Leapmotor, Xpeng and Geely are also recalling vehicles. Automakers will add warning labels and push software updates to improve emergency egress and driver monitoring.
Several manufacturers have launched or previewed new electric and hybrid models this month. Skoda has introduced the compact Epiq from £24,950; Mercedes has unveiled a seven-seat electric GLB with an 85kWh battery and up to 379 miles claimed range; Bentley has previewed the Torcal EV and a lighter Supersports coupe; Rivian has launched the smaller R2 SUV; Suzuki, Volvo, Leapmotor, Aion and Honda have released updated or new models aimed at family and city buyers.
The BBC has confirmed that Top Gear is returning after a hiatus following Freddie Flintoff’s crash. Ed Havard says the show is coming back and details on hosts will be announced soon. Previous presenters and safety concerns are revisited as the channel readies a new run.
Tesla has revealed European specifications for the Semi, announcing a 342-mile range, 800 kW Megacharger support, and 1,073 bhp from three rear motors. BYD and others unveil competing electric trucks across 3.5–44 tonnes, highlighting chargers and efficiency as the race for long-haul electrification accelerates.
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.
A head-on collision on Mozambique’s EN1 has claimed 17 lives, all passengers in a public transport vehicle, with authorities continuing investigations. The tragedy follows a rising toll from road crashes as the government calls for stricter adherence to traffic laws.
GM is updating its in-vehicle infotainment to surface controls proactively, revamp Super Cruise visuals, and enable split-screen Apple CarPlay and Android Auto integration. The changes aim to reduce driver cognitive load and improve coexistence of native systems with third-party apps across the GM portfolio.
Japan has posted a fourth straight month of red ink with August imports up 28% year-on-year to 11.15 trillion yen as Brent crude climbs above $100 a barrel. Exports rose 19.3%, led by chips and autos, while global rate expectations push the BOJ to consider a policy shift; the U.S. Fed is expected to lift rates soon.
The FIA has cancelled the Rally Saudi Arabia leg of the 2026 FIA World Rally Championship due to ongoing regional unrest. The finale will shift to Rally Italia Sardegna (Oct 1-4) as the season's final round, with Elfyn Evans leading the standings. Saudi Arabia will still host the Middle East Rally Championship this year.