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BMW stock slumped to a five-year low as the automaker cites softening demand in China and regional instability in Iran as key reasons for cutting its 2024 profit outlook.

Ineos and Daimler Truck are the latest automakers to pivot toward defense as European military budgets increase, though specifics regarding contract scale and technical outcomes remain uncertain.

KG Mobility, formerly SsangYong, has outlined a roadmap for seven new eco-friendly vehicle models by 2030 in an effort to accelerate its recovery and expand its global market presence.

Tesla saw a 40% jump in May sales for its China-made EVs, signaling a potential market rebound despite persistent geopolitical and tariff pressures on global automotive trade.