Magna starts contract assembly of Xpeng EVs in Graz Contract manufacturer Magna has started assembling electric vehicles (EVs) for Chinese carmaker Xpeng. Marcus Williams
Tata-Iveco charts a new $4.3bn global industrial map Tata Motors will acquire Iveco Group’s commercial vehicle business for €3.8 billion, excluding its defence arm. The move aims to build a diversified global champion with combined revenues of €22 billion and a shared focus on sustainable mobility. Ilkhan Ozsevim
US Senate passes ‘Big Beautiful Bill’, ends EV tax credits The US Senate has passed ‘The One Big Beautiful Bill’ act, a budget bill that has several implications for the automotive industry, including the ending of EV tax credits in September. Megan Kelly
