Brand News
News about car manufacturers - launches, strategies, and corporate updates.
Taycan sales dropped 22% in 2025 to 16,339 units, then a further 19% in Q1 2026. The Zuffenhausen factory has been running with intermittent shutdowns since early May.
BYD VP Stella Li said at the FT Future of the Car conference in London that the company is in talks to acquire multiple idle European plants, with Italian Stellantis assets the primary target. Maserati was named as a 'very interesting' acquisition candidate. BYD's Q1 2026 net profit fell 55% year-on-year.
Mazda CEO Masahiro Moro confirmed that the company's first in-house EV on a dedicated platform is delayed from 2027 to 2029, with no factory lines or supplier contracts committed. The electrification budget is cut from $12.5B to $7.5B by 2030. EV volume target falls from 25–40% of sales to 15%. Hybrids and Chinese-made stopgap EVs fill the gap.