Exclusive: US Auto Industry Has a Big Software Problem—and China Is Pulling Ahead, Expert Warns
Auto industry is facing a software integration overhaul, as risk for legacy players losing ground to newer entrants grows.
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SoftBank surpasses Toyota as Japan's largest company by market value due to investor demand for AI and semiconductor stocks.
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Auto industry is facing a software integration overhaul, as risk for legacy players losing ground to newer entrants grows.
Read original at benzingaTesla maintained a 50.5% share of the U.S. EV market in Q2 2026, down from 54.2% in Q1. However, this dominance masks underlying weakness: total U.S. EV sales fell 20% while Tesla's sales declined 13%. Globally, Tesla's deliveries grew 25% year-over-year to 480,126 units, but the company is losing market share in Europe and China to competitors like BYD, Volkswagen, Geely, and Changan.
Read original at the-motley-foolTesla has rebounded to control 59% of the U.S. EV market, its highest share since 2023, despite the stock dropping nearly 25% in 2026. While the company achieved record deliveries and 26% revenue growth, profitability declined and free cash flow turned negative as Tesla invests heavily in AI, Optimus, and robotaxis. The company faces increasing competition from rivals like BYD and Rivian, and its long-term success depends on whether its speculative bets in autonomous driving and robotics will pay off.
Read original at the-motley-foolLondian Wason, world's largest lithium-ion battery copper foil supplier, sets IPO price at $22. Shares trade higher, valuation of $2.01B.
Read original at benzingaPresident Trump announced tariffs on Canadian vehicles will rise to 50% on January 1, 2027, doubling the current 25% rate. However, GM's stock showed muted reaction as the company has demonstrated resilience in the previous tariff cycle, absorbing $3.1 billion in costs against a $5 billion forecast and offsetting over 40% through pricing and manufacturing adjustments. GM has also reduced its Canadian footprint and raised profit guidance twice in 2026.
Read original at the-motley-foolTrump's 50% tariffs on Canada may harm top-selling models from automakers like GM, Ford, Toyota, Stellantis, and Honda.
Read original at benzinga