Vehicle Deliveries - BMW Group vehicle deliveries experienced a slight increase in Q2 [1] - Strong growth in Europe offset significant declines in China [1] - Deliveries in the U S edged higher [1]

Japan’s automakers slashed the price of products exported to the US at a record pace https://t.co/ORwgwOMVPB ...

Tesla stock and the net worth of the automaker’s CEO Elon Musk sank Monday after Musk launched a new political party, as Wall Street increasingly expresses fatigue at the controversy-stirring political activities of Musk. (Photo: AFP via Getty Images) https://t.co/w10Wf9hqf0 https://t.co/oDoFtd147X ...

Renault is seeking a partner in India, sources say, to strengthen its presence as the French automaker dilutes a long-term alliance with Nissan https://t.co/FG8QqSKCxD ...

Japanese carmakers have largely absorbed the cost of Trump’s tariffs on auto imports, a move that may undermine the Asian nation’s negotiating power https://t.co/Qt09RWBgYf ...

Sales Performance - General Motors (GM) Q2 sales increased by 73% [1] - GM's EV sales in Q2 increased by 111%, more than doubling compared to last year [1] - Ford's EV sales were down by 31% in Q2 [2] Company Strategy - GM is expanding its EV portfolio [1] - GM does not break out sales by hybrids versus internal combustion engine vehicles [1]

Market Share - Chinese automotive manufacturers, led by BYD and MG (Shanghai MG), continued to expand their market share in Europe in May [1] - Hybrid vehicle share reached a historical high [1] - New car registrations of Chinese brands in Europe exceeded 5% for the first time, including gasoline vehicles [1]

Chinese automakers continued to expand their European foothold in May, capturing the highest share ever of hybrid-car sales and the biggest slice of the electric-vehicle market in 10 months https://t.co/NUtGtmrwyJ ...

Sales Performance - Toyota's sales achieved a third consecutive monthly record in May [1] - Strong demand for hybrid vehicles in the US, Japan, and China drove sales [1] Market Dynamics - Global automakers are preparing for significant losses due to potential tariffs imposed by President Trump on imported cars [1]

Core Insights - Proposed tariffs by President Trump on goods from Mexico and Canada are expected to impact automotive suppliers more severely than automakers, potentially leading to broader industry disruptions [1][4] - Compliance with the USMCA is crucial for avoiding tariffs, with a significant portion of vehicle parts not meeting the stringent standards [2][3] Industry Impact - The automotive supply chain is already fragile post-COVID, facing challenges such as high interest rates, labor shortages, and declining profits, which could be exacerbated by new tariffs [4][5] - Major publicly traded suppliers have seen stock declines, with companies like American Axle & Manufacturing Holdings and Magna International down by double digits this year [5] Compliance Statistics - In 2024, only 63% of motor vehicle parts imported from Mexico were compliant with USMCA standards, compared to 92.1% of motor vehicles [6][12] - For Canada, 74.6% of motor vehicle parts and 96.9% of vehicles were imported tariff-free under USMCA in 2024 [6] Tariff Effects - The proposed tariffs could lead to a 25% increase in costs for non-compliant parts, which suppliers are unlikely to absorb, potentially leading to higher consumer prices for vehicles [13][17] - A survey indicated that 97% of parts makers expressed concerns about financial distress due to tariffs, particularly affecting smaller suppliers [15] Supply Chain Resilience - The supply chain is described as resilient yet fragile, with significant challenges in quickly adapting to major policy shifts [8][9] - Executives from various companies, including Forvia, have indicated that the industry cannot sustain the proposed tariffs without passing costs onto consumers [17]