automotiveindustrynews

General Motors, the largest automotive company in the U.S., has decided to move its stock listing from the New York Stock Exchange (NYSE) to Nasdaq amid the development of self-driving cars and artificial intelligence technologies.
After the move, GM will become the first traditional automaker whose shares can be bought on Nasdaq, Reuters reports. GM Chief Financial Officer Paul Jacobson called the move to an exchange focused on technology companies “natural” from the standpoint of the company’s strategy.

General Motors (GM) announced a $20 billion share buyback program. That is about 28.6% of GM’s total market capitalization, which stands at around $70 billion, Barron’s notes. The company’s board expects the buyback to boost the automaker’s share price. Instead, however, General Motors shares plunged 8% in premarket trading on October 20. Almost simultaneously with the buyback announcement, the company released its third-quarter results. It slightly narrowed its full-year earnings forecast. Barron’s links this change to the sell-off that followed.

Centrist parties in the European Parliament have managed to agree on a compromise on easing the restrictions set out in the law concerning cars with internal combustion engines in the European Union. Der Spiegel reported this on its website on Tuesday, October 20.
“This appears to clear the way for European institutions to agree on a reform concerning the maximum CO₂ emissions limits for new cars,” the article says.

A German court declared Volkswagen AG Pref’s (VOW) approvals of a settlement resolving liability claims against former Audi chief Rupert Stadler invalid, citing insufficient disclosure of information about Stadler’s assets and insurance coverage for the claims.
Volkswagen AG Pref (VOW) reported a software data leak at VW Group Retail Deutschland that affected around 120 dealerships. Affected customers were notified of potential risks.

Jefferies raised its rating on Mercedes-Benz Group AG shares from «hold» to «buy,» while cutting the target price from €60 to €52, citing the management’s supportive guidance and an «outdated» annual consensus that needs to be revised downward.
According to analysts, the signals sounded at the German-Swiss conference Jefferies on 23.06 were perceived as positive and consistent with confirmation of the margin forecasts. Mercedes-Benz Group is ahead of German automakers «in the pace of restructuring, launching new models, and capital allocation,» the broker noted.

Citi kept a “buy” rating and a target price of €100 for Volkswagen shares, but noted that the performance of the stock over the next 12 months will largely depend on the European Union’s willingness to take trade-protection measures against competition from China.
After the warning about lower profits that Volkswagen published on Friday afternoon last week, Citi revised its model, reflecting an additional deterioration in VW Core and Audi’s operating performance in 2026 by €1 billion. As reasons, the bank cited pressure from China, competition from Chinese manufacturers in Europe, and margin erosion in the electric vehicle segment. In addition, the bank added about €8.5 billion in additional one-off expenses for the third quarter of 2026, and also accounted for the estimated timing of the rollout of VW’s additional €10 billion restructuring program.

Chinese electric vehicle maker BYD announced plans to launch its first heavy truck on the European market next year, and also intends to set up local production.
Stella Li, executive vice president of BYD and head of the international division, said on Monday at the IAA trade show in Hanover that, in the long term, the company plans to manufacture all vehicles that can be sold in Europe directly on site.

BMW repurchased 830,852 HGB ordinary shares from October 5 to 11, 2026, as part of its 2025–2027 buyback program, disclosing the weekly volume of transactions under the current repurchase plan.
BMW is reviewing its model lineup as part of a restructuring and may discontinue low-margin models such as the 2 Series Active Tourer. No timeline has been announced; existing models will remain in production until the end of their current product cycles.

Nissan Motor Co. (TYO:7201) is working to reduce the cost of the cars produced in Mexico in order to mitigate the impact of tariffs that have significantly hindered sales of vehicles in the U.S. market, the company’s CEO said.
As talks between the U.S., Mexico, and Canada drag on beyond the deadline of 01.07.2025 for concluding an updated free trade agreement, Nissan is paying special attention to vehicles subject to a 25% duty. This was reported by the company’s CEO, Iván Espinosa, on Bloomberg Television.

Improving the performance of Tesla’s automotive division should support near-term profit and help fund investments in artificial intelligence. However, at Morgan Stanley and Barclays, the main drivers of stock valuation are still considered to be Robotaxi, Full Self-Driving, and Optimus.

Shares of the French automaker Renault rose by 2% on Tuesday after French business newspaper Les Echos reported two unsuccessful attempts by Chinese rival BYD to acquire a stake in the company.
According to Les Echos, the first attempt was made in 2024, and the second in the autumn of 2025. The rejection of these proposals indicates Renault’s clear strategic stance aimed at maintaining control in the key European market.

Ford Motor and the Chinese company Geely have reached an agreement under which the American automaker will sell part of its Almussafes plant near Valencia, ABC reports on Wednesday.
The deal will allow Geely to set up electric vehicle production in Spain, ABC reports citing informed sources. An official announcement is expected on Thursday during the visit of Spanish Prime Minister Pedro Sánchez and Ford Europe President Jim Farley Baumguis to the Almussafes plant.

The war between the US and Israel with Iran has caused gas prices to skyrocket worldwide - and it's got many drivers thinking about whether it's time to switch from internal combustion engine vehicles to electric cars. For residents in some countries, this will be a pretty significant change in their daily lives - but in several regions, as stats show, electric mobility has been gaining traction for the past few years. The numbers vary widely by country, so the global sales figures can skew the reality. However, let's try to clarify things.

Chinese automaker BYD Co. is exploring the possibility of purchasing a Stellantis NV idle plant in the Toronto suburb, a local politician said.
Patrick Brown, the mayor of Brampton (Ontario province), said that about six months ago, BYD approached him with a proposal to discuss producing buses at this facility. Previously, Stellantis had been retooling the plant to produce the Jeep Compass, but the company paused those plans last year after the United States imposed tariffs on foreign-made cars.

Chinese automakers are set to capture 37% of the global automotive market by 2030, increasing their share from 22% in the first half of 2026, as growing consumer confidence is driving their expansion beyond China, analysts at UBS report.
The forecast was raised from 35%, while the expected market share in Europe has also been increased to 20% from 18%. Chinese brands currently account for about 8% of the European market, and the latest growth rates have exceeded previously expected levels.

Tesla delivered 486,532 vehicles, about 5% above the company’s own consensus of 461,974 units. Deliveries of Model 3/Y, at 478,237 units, also exceeded both the company’s consensus of 450,712 and FactSet’s estimate of 435,000.
Strong delivery performance helped offset weaker results from Tesla’s energy business. Energy storage system deployments totaled 13.7 GWh, falling short of the consensus of 15.9 GWh by about 14%.

BMW stocks took a hit, dropping over 7% on Wednesday after the German automaker slashed its 2026 margin forecast for the automotive segment by more than half, citing a deepening sales slump in China and the fallout from the Middle Eastern conflict. This is one of the sharpest profit warnings the company has issued in recent years.

BYD stated that it did not violate environmental regulations during the construction of its electric vehicle factory in Hungary, reports Bloomberg citing the words of the company's Executive Vice President Stella Li.
"This is a false claim," Li said at an international conference in Belgrade, adding that the Chinese automaker has engaged lawyers to respond to the allegations made.

Great Wall Motor plans to capture between 3% and 5% of the European automotive market by 2030 by launching at least 10 models over the next two years. This was stated on Thursday by the company’s Chief Technology Officer, Nicole U.
The Chinese automaker entered the European market at the beginning of this decade, focusing on electric vehicles, but ran into difficulties amid intense competition. Currently, the company sells vehicles in the UK and Germany through local importers, and also has its own subsidiary structures in Italy and Spain.

Suzuki Motor Corporation reported operating profit for the first quarter of ¥158.0 billion, 11% higher than the same period last year. Operating margin was 9.3%. The results matched market expectations.
The company revised its full-year operating profit forecast downward — to ¥540 billion from ¥570 billion. Suzuki faced a negative impact on profit of ¥110 billion due to higher raw material costs related to the situation in the Middle East.