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On Tuesday, April 21, the South Korean index Kospi reached its highest level in history. This was facilitated, among other things, by contracts between Korean companies and Mercedes-Benz and the boom in artificial intelligence, Bloomberg reports. Investors also maintain hope for a resolution to the conflict in the Middle East amid upcoming negotiations between Iran and the USA, CNBC notes.

Italy's restrictions on the influence of Chinese shareholders in Pirelli will allow the tire manufacturer to compete in the US market, said Industry Minister Adolfo Urso on Wednesday, according to the ANSA news agency.
As part of the 'golden share' rules introduced last week to protect national interests in corporate matters, Rome limited Sinochem's representation on the board of directors to three members. The Chinese company owns 34% of Pirelli's shares, making it the largest shareholder.

Volkswagen is preparing for increased competition in China as the world's largest car market may shrink for the first time since 2018, said the head of the German automaker's division in the region.
Ralph Brandstätter, CEO of Volkswagen Group China, told FAZ on Wednesday that a market decline cannot be ruled out. The China Passenger Car Association expects the country's passenger car market to remain at the same level in 2026 after 24 million sales in 2025.

BMW reported a 3.5% decline in global car deliveries in the first quarter of 2026 on Tuesday, as the German premium car manufacturer faced weak demand in China and the USA.
The group sold 565 748 cars over a three-month period. Sales of BMW and MINI brands increased by 3% in Europe, but this growth could not offset a decline of 4.3% in the USA and 10% in China.

Tesla (NASDAQ: TSLA) has once again come under close scrutiny from Wall Street after J.P. Morgan confirmed an "Underweight" rating for the company's shares, citing significant accumulation of unsold vehicles and deteriorating free cash flow (FCF) outlook.
The bearish forecast followed the delivery data for Q1 2026, which amounted to 358,000 units, approximately 4% below the latest Bloomberg consensus forecast and 7% below the company's own forecasts.

Porsche AG delivered 60,991 cars to customers worldwide in the first quarter, which is 15% less compared to 71,470 units in the same period last year, the company reported on Friday.
The German sports car manufacturer explained the decline by the completion of production of the 718 model with an internal combustion engine, the ramp-up phase of the fully electric Macan in the same period of the previous year, and the cancellation of tax incentives for electric and hybrid vehicles in the USA.

Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) rose by 26% after the company announced the completion of the investigation by the U.S. Securities and Exchange Commission without recommendations for enforcement actions against the company or its executives.
The SEC officially notified the company, its founder and co-CEO YT Jia, as well as president Jerry Wang about the termination of the investigation and the refusal to impose enforcement actions against any of them. The investigation concerned issues related to the PIPE and SPAC transactions of Faraday Future in 2021.

Ferrari NV temporarily suspended most shipments to the Middle East, the Italian supercar manufacturer reported on Thursday. The company's shares, listed in Italy, are trading more than 3.2% lower on Thursday. American shares are also losing more than 2.5% in Pre-Market.
The suspension comes against the backdrop of nearly three weeks of military actions in the region starting to affect luxury goods manufacturers.

General Motors recalls 32,988 Corvette vehicles due to a software issue that may prevent the detection of rear turn signal malfunctions, according to a notice filed with the National Highway Traffic Safety Administration.

The review touches on some Corvette cars from the 2025 and 2026 model years, including the Corvette ZR1X Coupe, Corvette ZR1X Convertible, Corvette Coupe E-Ray, Corvette Convertible E-Ray, Corvette Convertible, Corvette Coupe, Corvette E-Ray Coupe, and Corvette E-Ray Convertible.

Chinese automaker BYD more than tripled car sales in the European Union in the first two months of 2026, industry data showed on Tuesday, while battery electric vehicles accounted for 18.8% of the market, despite a slight decline in total registrations.
BYD registered 29,291 vehicles in January-February, which is 179.2% more compared to 10,491 a year earlier, according to data from the European Automobile Manufacturers Association (ACEA), making the company the leader in growth amid an overall sluggish market.

Tesla shares rose by 1.4% to $405.09 on Wednesday after the electric vehicle manufacturer reported a sharp increase in sales in China in February.
The company sold 58,600 units of Model 3 and Model Y from its factory in Shanghai in February, which is 91% more than a year earlier, Tesla China reported on Wednesday. February's sales figures include exports to Europe and other markets.

Bank of America raised the rating of Liberty Media Formula One shares from Neutral to Buy on Wednesday, citing the company's sustainable business model, long-term monetization potential, and favorable risk-reward ratio at current valuations.
Analyst Brent Navon maintained the target price of the shares at $105.

Volkswagen stated that it expects an improvement in profitability this year as the German automaker continues efforts to reduce costs in challenging operational conditions.
The company forecasts an operating margin of between 4% and 5.5% this year compared to 2.8% in 2025 and 5.9% in 2024. Analysts surveyed by Visible Alpha expect a margin of about 5.2%, which is close to the upper end of Volkswagen's forecast range. Revenue is expected to remain at last year's level or grow by up to 3%.

Xiaomi shares fell sharply on Friday as traders took profits after the stock had significantly risen ahead of the long-awaited launch of the company's electric sedan SU7 update.
However, the pricing of the new SU7 model raised concerns as investors feared margin compression due to rising component costs for electric vehicles, especially chips and batteries.

Exports of electric vehicles and hybrids from China more than doubled in March, reaching a record 349,000 units, according to data released on Thursday by the China Passenger Car Association.
Overseas shipments increased by 140% compared to last year, as the global energy shock from the war in Iran renewed interest in electric vehicles. BYD Co., the world's largest electric vehicle manufacturer, accounted for about a third of total exports, while Geely Automobile Holdings Ltd. and Chery Automobile Co. ranked second and third among exporters for the month.

Volkswagen AG (ETR:VOWG) will continue its aggressive restructuring despite the growth of its order book, as the largest European car manufacturer seeks to protect its margin from high costs in the domestic market. CEO Oliver Blume told Bild am Sonntag that the group is implementing "clear target cost metrics" across its global manufacturing network, which encompasses Germany, Europe, and China.

Ferrari switched to air delivery of supercars assembled to special order to bypass the logistical blockade in the Persian Gulf, according to the Financial Times. The legendary brand was forced to take this step after the region's seaports became inaccessible to vessels due to the US war with Iran.

Ecologists wanted to achieve an earlier ban on the sale of cars with internal combustion engines. The Supreme Court ruled that the responsibility for climate legislation lies with the legislator, not the courts.

The building of the Federal Court in Karlsruhe

Climate lawsuits against German car manufacturers BMW and Mercedes-Benz suffered defeat. The Federal Court (BGH) in Karlsruhe on Monday, March 23, ruled against the leadership of the environmental organization Deutsche Umwelthilfe (DUH), which sought an earlier ban on the sale of cars with internal combustion engines. "The responsibility for climate legislation lies with the legislator," said presiding judge Stephan Seiters when announcing the decision.

Renault announced that it intends to sell more than 2 million cars under the Renault brand per year by 2030, presenting a strategy focused on expanding beyond Europe amid increasing competition in key markets.
The French automaker plans to increase sales of Renault-branded cars by about 23% compared to 1.63 million cars sold in 2025. As part of this course, the company expects that by the end of the decade, half of the cars under the Renault brand will be sold outside of Europe, compared to 38% last year.

The Chinese company Geely Automobile Holdings Ltd. is preparing to enter the Canadian market after the country earlier this year reached an agreement that opened access for electric vehicles from China.
The automaker is awaiting certification from Canadian authorities for vehicles under the Geely Auto brand, said Andy An, CEO of the parent company Zhejiang Geely Holding Group Co.