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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Rivian Automotive (NASDAQ: RIVN) stock rallies nearly 5% on Wednesday after the electric vehicle manufacturer smashed second-quarter delivery projections and raised its full-year output forecast.
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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-foolCarroll joins Ford from ENGIE North America, where he led one of the largest renewables and storage platforms in the U.S.Drake concludes an accomplished 32-year Ford career spanning leadership positions in engineering,
Read original at benzingaFord is partnering with Chinese automaker Geely to develop a compact crossover SUV using Geely's GEA electric platform for the European market, launching in 2029. This reversal of traditional joint venture dynamics allows Ford to leverage Chinese low-cost manufacturing and EV technology while Geely gains European expansion. Geely-owned Centurion Industries will invest $259 million for a 34% stake in Ford's Valencia facility.
Read original at the-motley-foolTesla ranks first in Gartner's Digital Automaker Index 2026 with a score of 82.7%, maintaining its dominance in AI and software technology. While legacy automakers like GM and Ford continue to fall behind, Tesla faces challenges with aging vehicle inventory and massive capital expenditures for robotaxi and AI ventures. The company's transition into technology-based businesses carries greater uncertainty but demonstrates capability as the automotive industry becomes software-defined.
Read original at the-motley-fool