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Welcome in, today is Wednesday, October seventh, and we begin with Automotive News on a strike vote at Stellantis Canada.
Following our earlier coverage of Stellantis moving to sell the idled Brampton plant, the Canadian talks have hit an impasse. Unifor, which represents more than nine thousand hourly Stellantis workers in Canada, says its members will soon vote on whether to authorize a strike if bargaining fails. That is Automotive News, citing the Canadian Press. Per that reporting, the union says it is moving to a vote because its bargaining committee and the company are deadlocked on several key issues. Unifor calls a walkout a last resort, and in that account presents the authorization itself as a lever to reach an agreement. The practical effect is that Canadian assembly continuity is now on the bargaining table, with any output consequence resting on whether talks actually fail.
Also today, a number on share. The Detroit Three's combined share of the United States market is expected to land at a bit more than thirty-six percent in the third quarter, the lowest on record, according to Cox Automotive. The same research has Asian brands taking more than half of new-vehicle sales for the second quarter running, and General Motors slipping from seventeen point four percent last year to sixteen point seven across the first nine months, with Toyota up from fifteen point two to fifteen point six. Building on our earlier report on the quarterly sales table, that reads through to inventory mix, incentive spend and supplier volumes at domestic nameplates. Reaction leans toward a product-mix read, with efficient Japanese and Korean models seen undercutting thirstier American SUVs while pump prices stay high.
Separately, Europe. Western European car sales posted their best September in nine years, according to Just Auto, a demand reading dealers, lenders and suppliers track when they set volume expectations. Automotive World reports record electric-vehicle sales for the month and credits subsidies and high pump prices, arguing supply, not appetite, had been the constraint. That follows our earlier report on battery-electric vehicles taking a record thirty-three percent of registrations across twelve major markets. What the single month does not break out is how much of the growth reached incumbents. Reaction leans toward crediting plug-in hybrids as a hedge for buyers unwilling to commit to full electric, while a contrarian strand says two powertrains only add cost and points instead to improving Chinese electric vehicles.
Volvo Cars, meanwhile, says it will miss its full-year volume and cash-flow targets, citing deteriorating market conditions in China and a slower-than-expected recovery in the United States. That is Automotive News and Just Auto. WardsAuto reports the China slump drove the third-quarter decline in global sales, and has Volvo pointing to strong European demand for electric vehicles against American buyers slow to return. Two regions pulling opposite ways inside one quarter is a planning problem as much as a demand one. Industry reaction leans toward reading the China decline as structural rather than cyclical, with shrinking foreign premium share there described as a decade-long trend. A recurring counterpoint is how much product and pricing must be localized by region, with premium price positioning flagged as the sticking point.
Now, a few more headlines moving the trade today. Renault Group will invest the equivalent of eleven billion dollars in France in electric and cheaper cars if the political climate allows, chief executive Francois Provost says, per Automotive News.
Volkswagen's battery unit PowerCo and China's Gotion High-Tech plan three ventures in Spain, Slovakia and Morocco for lower-cost lithium-iron-phosphate cells, Gotion putting in about one point five nine billion euros and PowerCo one point six two billion, per Just Auto.
Porsche chief executive Michael Leiters unveils his turnaround plan today, betting on a smaller, more profitable brand built on new SUVs and cost cuts, Automotive News reports, following our earlier coverage of the group's write-downs.
A European Union committee was set to take up Tesla's Full Self-Driving request again yesterday, with December now the earliest a required member-state vote could come, according to Automotive News.
Nissan has selected Valeo as its partner for the next ProPILOT, integrating Wayve's AI Driver technology with Valeo's hardware and software stack, per Just Auto.
And finally, Britain is weighing tariffs matching the European Union's on Chinese electric vehicles, to spare British firms selling into the bloc the proposed Made in Europe penalties, the Times reported, via Automotive News.