Industry News Archives - Daily Car Blog | The World's Best Original Carblog

Illegal Iran War Fuels A Frantic Rush to Electric Cars

Anthony Henson — Wed, 18 Mar 2026 17:01:51 +0000

The illegal war in Iran, waged by an empire in decline, has sent shockwaves through the global economy, driving gasoline prices to levels that sow uncertainty among carmakers, dealers, and drivers alike. Yet amid this upheaval, a new industry flourishes. Martin Miller, the proprietor of a modest used electric vehicle dealership southwest of London, has […]

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Electric Vehicle Demand Slows, Sustainability Accelerates: VW Bets On Grid-Integrated Storage

Paul Whiston — Wed, 18 Mar 2026 16:01:03 +0000

Volkswagen Group is confronting a profound inflection in the global energy and mobility landscape. As electric vehicle demand fails to meet earlier projections, the company is strategically pivoting from a narrow focus on EV production toward the broader, systemic role of batteries in energy storage and grid integration. Its new facility in Salzgitter, Germany—a pilot […]

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Bentley Cuts Jobs And Rethinks EV Strategy As Demand Plummets

Anthony Henson — Tue, 17 Mar 2026 12:48:17 +0000

Bentley, subsumed under the corporate juggernaut of Volkswagen, is shedding 275 jobs—6 percent of its workforce—in a bid to survive what executives call “turbulent times.” This is not mere accounting; it is a window into a world in which human labor is expendable, where the makers of luxury are forced to bow to the harsh […]

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Volvo Cites Tariffs, Costs In Decision To Discontinue EX30 In U.S.

DCB Editorial — Tue, 17 Mar 2026 10:35:11 +0000

Swedish automaker Volvo Cars has confirmed it will stop selling the EX30 and EX30 Cross Country in the United States after the 2026 model year. Dealer orders for U.S. customers will close on March 20, and production of units destined for the U.S. market will gradually end over the summer. The EX30 will remain available in other North American markets […]

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Tesla, LG Energy Solution To Build U.S. LFP Battery Facility By 2027

DCB Editorial — Tue, 17 Mar 2026 10:19:08 +0000

Tesla has partnered with South Korea–based LG Energy Solution to develop a $4.3 billion lithium iron phosphate (LFP) battery manufacturing facility in Lansing, Michigan. The plant is expected to begin production in 2027 and will produce prismatic LFP battery cells for Tesla’s Megapack 3 energy storage systems, which are assembled in Houston. The project is intended to support the expansion of a domestic battery […]

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Lucid Motors Shares Slide Nearly 8% Despite Cost-Cutting, Self-Driving Push

DCB Editorial — Fri, 13 Mar 2026 10:10:20 +0000

Lucid Motors said it expects to become cash-flow positive later this decade as it expands into cheaper EVs and autonomous driving. At its investor day in New York, the company unveiled a two-seat robotaxi concept without a steering wheel or pedals, signaling a bigger push into fully autonomous vehicles. Lucid also plans to launch a mid-size EV platform later this […]

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BMW Sees Pre-Tax Earnings Slip Further As Deliveries Plateau

DCB Editorial — Thu, 12 Mar 2026 10:29:05 +0000

BMW anticipates a moderate decline in pre-tax earnings for 2026 and flat vehicle deliveries, as trade barriers and intense competition in China continue to challenge the German luxury automaker. CEO Oliver Zipse said the company remains committed to revamping its model lineup and reducing costs, but cautioned that “our world remains unstable, and numerous risks will persist in the current financial year.” In […]

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Tariffs, China And Declining Margins Push Volkswagen Into Nuclear Sales Winter

Anthony Henson — Tue, 10 Mar 2026 11:01:59 +0000

The crisis engulfing Volkswagen is not simply a bad year on the balance sheet. It is another tremor in the slow unraveling of the industrial order that once defined Europe. Operating profit has collapsed to €8.9 billion, barely half of what it was a year earlier. Revenue stagnates at €322 billion. The company predicts only a thin […]

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Denso Eyes Acquisition of Rohm In Major Semiconductor Deal

DCB Editorial — Mon, 09 Mar 2026 14:54:56 +0000

Denso, a major supplier to Toyota, has made a bid to acquire Japanese chipmaker Rohm in a deal that could be worth about $8.3 billion. If completed, the acquisition would strengthen Denso’s position in power management semiconductors, which are widely used in electric vehicles, electronics and data centers. The companies confirmed that discussions are underway, but said no final decision has been […]

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