The smart way to stay ahead in the automotive world
The smart way to stay ahead in the automotive world
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AUSTRALASIA –
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Ex-Stellantis CEO sees Tesla’s Musk pulling out of car industry
NORTH AMERICA –
AutoExec Summary: Former Stellantis CEO Carlos Tavares criticised Tesla’s long-term prospects, claiming Chinese rival BYD is more efficient and cost-effective. He suggested Elon Musk might eventually exit the automotive sector to focus on other ventures like AI or SpaceX. Tavares dubbed Tesla’s $1 trillion pay package valuation “stratospheric” and doubted the company’s survival in a decade.
Brands mentioned: Peugeot, Fiat, Jeep, BYD, Tesla |
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Mercedes sales in China slide 27% to ten-year low as demand crisis deepens
NORTH AMERICA –
Summary: Mercedes-Benz China sales plummeted 27% in Q3 to their lowest since 2016, dragging global deliveries down 12%. The luxury carmaker is losing ground to Chinese rivals like BYD and Xiaomi, whose cheaper EVs are dominating the market. US sales also fell 17% amid tariff uncertainty, while expensive EQS and EQE models have struggled globally.
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