Automotive publications for 23 July 2026

Mercedes-Benz unexpectedly under threat of restrictions in the US: Chinese shareholders are the reason
A new Senate bill targets companies with significant Chinese involvement, but the German automaker could also fall under its scope

Porsche Prepares New Wave of Layoffs After Electric Vehicle Strategy Failure
The company may lay off up to 6,000 employees while reviewing its model lineup and refocusing on internal combustion engine vehicles.

BYD to open over 9,000 vacancies amid record global sales growth
The Chinese automotive giant is expanding production in Shenzhen, preparing for further increases in exports and localization of vehicle manufacturing abroad.

Ford and Geely to Establish Joint Venture in Spain for New Car Production
Production in Valencia will be shared by the two companies, with the first models appearing in 2028