Welcome to the Friday, Nov. 14, edition of The Daily 5.
Volkswagen Group has become the latest Exhibit A in how U.S. tariffs, sluggish markets worldwide, rising competition from China and slowing EV adoption rates have undermined finances and planning across the auto industry.
The company's supervisory board has delayed until next year the approval and release of spending plans for new and updated products, factory investments and other outlays, including a new Audi assembly plant in the U.S.
The company's spending program typically looks out five years.
VW Group, the world's second-largest automaker after Toyota Motor Corp., has a financing gap of about €11 billion ($12.8 billion) for investments earmarked for 2026 alone, Germany's Bild reported, citing people familiar with the situation.
The company has already delayed several key product programs across various brands.
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On Thursday, we shared news on Nissan Motor Corp.'s latest product push — think hybrids ― in the U.S. Now, one of Nissan's key Japanese partners, Mitsubishi Motors Corp., is readying a new product blueprint to revive U.S. sales that have been upended in part by aging models, discontinued cars and tariffs. The company has told dealers it will be a game-changing moment in this report from Urvaksh Karkaria.
In other news, General Motors is taking another key step toward a future dominated by software-defined vehicles. Lindsay VanHulle reports on how the automaker's strategic plans to add advanced driver-assistance and artificial intelligence technology across its car and light-truck lineup will be unlocked with the launch of a new centralized computing platform.
North of the border, AutoCanada Inc. posted a double-digit decline in revenue and lower earnings in the third quarter, with sales down broadly across new- and used-vehicle, parts and service, and finance and insurance segments.
And finally, Bentley is reviving the high-performance Supersports badge on a key model after a hiatus but with a twist. Jack Walsworth has all the details.
That's all for now. Enjoy your weekend. If you want to view this story on your browser click here.
― David Phillips, senior editor
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