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Car sales in Europe surged in April thanks to high demand for electric and hybrid models. Tesla (NASDAQ:TSLA) continued to regain its foothold in the region, while Chinese automakers are increasing their market share despite escalating trade tensions.
According to ACEA data released on Tuesday, the number of new car registrations in the EU rose by 5.1% year-on-year in April, totaling 972,314 units. Sales of fully electric vehicles skyrocketed by 37.7% for the month, significantly outpacing the overall market.

Nissan Motor Co. (TYO:7201) has struck a deal to manufacture vehicles for Chinese automaker Chery Automobile Co. (HKEX:9973) at its Sunderland plant in the UK, the companies announced on Wednesday.
According to a non-binding agreement, Nissan plans to start rolling out Chery passenger cars for the UK market on the 'Line One' production line at their Sunderland plant in the 2027 fiscal year. Meanwhile, Nissan will retain full ownership of the facility in Sunderland.

Mazda North American Operations reported total sales volume in May at 39,066 vehicles, which is 35% higher than May 2025. The company announced the results on Tuesday.
Total sales since the beginning of the year hit 164,667 units, down 6.9% compared to the same period last year. May had 26 trading days compared to 27 in the same period last year. When calculated on a daily sales rate, the figure increased by 40.2%.

The company, whose controlling stake is held by China's Zhejiang Geely Holding Group, explained the decline due to increasing challenges in various regions affecting the automotive industry, including the premium segment.
for the given period, which is below the figure of 189 440 units from a year earlier, the company reported on Wednesday.

The German automotive giant Volkswagen AG plans to cut its workforce in Germany by 19,000 employees by the end of 2026. This is stated in the speech of the company's CEO Oliver Blume published on Volkswagen's website on Thursday, June 11.
According to this document prepared for the annual shareholder meeting on June 18, the massive downsizing and cost-cutting in Germany is going as planned. "By 2025, we have already reduced production costs at Volkswagen's German sites by more than 20 percent," notes Blume.

Ford Motor Company (NYSE: F) just dropped their Q1 earnings, and they crushed Wall Street's expectations: adjusted EPS came in at $0.66, way above the analyst consensus forecast of $0.19 and $0.47. The stock surged by 7.2% in after-hours trading right after the earnings release.

China's Commerce Minister Wang Wentao urged Mercedes-Benz and Airbus to encourage the European Union to reconsider trade restrictions during separate meetings on Friday, according to a government statement.
Wang told Ole Källenius, the chairman of Mercedes-Benz Group and head of the European Automobile Manufacturers Association, that China is hoping the automaker and the European auto industry will call on the EU to revisit unjust regulations.

The Italian luxury car maker Ferrari has reported a drop in deliveries for Q1. While the company claims it was planned, it proved to be more significant for investors than the profit growth: Ferrari shares in the US dipped by 3%. The war in the Middle East has disrupted the company's operations, according to Bloomberg, although Ferrari insists that the conflict has not affected supply. FT previously reported that the company transports supercars to the region by air.

Hertz quotes, one of the largest car rental services, surged almost 14% on April 30. The company, once a favorite among meme stock enthusiasts, revealed a partnership with Uber Technologies in the robo-taxi space.
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Hertz shares pumped on Nasdaq on April 30, skyrocketing nearly 14% to $6.36. The company announced two strategic partnerships that its newly formed subsidiary, Oro Mobility, struck with Uber Technologies.

Last week, the U.S. Supreme Court unanimously ruled that freight brokers can be held liable in state lawsuits for negligent carrier selection, rejecting the argument for their immunity from such claims. Analysts at Bernstein assessed the potential impact of this decision on the Transport sector.

Chinese automaker BYD more than tripled car sales in the European Union in the first two months of 2026, industry data showed on Tuesday, while battery electric vehicles accounted for 18.8% of the market, despite a slight decline in total registrations.
BYD registered 29,291 vehicles in January-February, which is 179.2% more compared to 10,491 a year earlier, according to data from the European Automobile Manufacturers Association (ACEA), making the company the leader in growth amid an overall sluggish market.

According to the Sandhills report, Oppenheimer noted a decrease in stocks of used equipment across the ag, construction, and medium to heavy-duty truck sectors in May.
In the ag sector, overall stocks of used tractors dipped by 1.5% compared to last month and 20.3% year-over-year. The biggest drop came from mid-range tractors: models with 100–174 hp dropped 22.0% year-over-year, while units with 175–299 hp fell by 16.1% year-over-year. Tractors under 100 hp decreased by 28.3% year-over-year, and those over 300 hp saw a 12.5% year-over-year decline.

On Wednesday, BMW (ETR:BMWG) reported a 24.6% drop in pre-tax profits for Q1 to €2.35 billion, as U.S. tariffs, a slowdown in China, and new levies related to the UK's car loan compensation scheme pressured their profits, although the core automotive segment of the German carmaker outperformed analyst expectations.

In RBC's analytical report, it is claimed that Ford's announced $2 billion investment in Ford Energy may be more linked to potential intersections between battery energy storage systems (BESS) and AI trading rather than fundamental business metrics. The report also discusses parameters that could lead to a valuation of Ford Energy ranging from $1 billion to $5 billion.

Waymo is pulling back 3,791 robo-taxis in the U.S. due to a software glitch in their autonomous driving system that could cause the vehicles to hit flooded roads, the National Highway Traffic Safety Administration (NHTSA) reported on Tuesday.
The recall affects certain fifth and sixth generation automated driving systems installed in the robo-taxis.

LG Energy Solution (KS:373220) has flipped to losses in Q1, as the drop in demand for electric vehicles in North America overshadowed gains in the energy storage systems (ESS) and battery supply segments.
The company reported a revenue of 6.56 trillion won for January-March, slightly below the 6.72 trillion won figure from the same period last year.

Rivian is working on undisclosed variants of its R2 electric vehicle, the company's CEO told Reuters — just days after starting the mass production of these compact and more affordable SUVs.
Rivian, known for its premium R1 series SUVs and pickups, is gearing up to kick off deliveries of the R2 SUVs around June, according to Reuters.

German automaker Mercedes-Benz Group reported a drop in net profit and revenue for Q1 2026 on Wednesday, April 29. A significant decline in sales volumes in China outweighed growth in the US and the electric vehicle segment. Mercedes is optimistic that the second half of the year will be stronger, but they warned that the Middle East conflict could undermine consumer confidence.

Li Auto delivered 34,085 vehicles in April, slightly exceeding the 33,939 units delivered in the same month last year.
April deliveries from the Chinese electric vehicle maker showed a 0.4% year-over-year growth.
As of the end of April, Li Auto operated 511 retail stores, a 2.2% increase compared to the same period last year.

Xiaomi Corp (HK:1810) reported on Friday that they delivered over 30,000 electric vehicles in April, marking a sharp rise compared to the previous month, with year-to-date sales also climbing.
The company doesn't provide precise monthly sales data, instead dropping rounded figures on social media. April's numbers show a significant uptick compared to over 20,000 units shipped in March, and a slight increase over the more than 28,000 cars sold in April 2025.