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Toyota Invests $1.91 Billion to Build Three New Factories in India

Key Points: Toyota will spend roughly $1.91 billion to build three new vehicle assembly plants in Maharashtra, India. The massive expansion will triple the automaker's Indian production capacity to 1 million units by the 2030s. India will soon become Toyota's fourth-largest global production base, just behind the United States. The company shifts its focus to emerging markets because auto sales in the US and China...

France and Spain Push to Kick US Companies Out of European Satellite Market

Key Points: France and Spain teamed up to reserve the upcoming mobile satellite communications spectrum exclusively for European companies. The current 2 GHz spectrum licenses belong to two United States companies, Viasat and EchoStar, but they expire in 2027. European leaders want to reduce their heavy reliance on foreign technology from the United States and China. Both American and Chinese officials warned the European Union...

Stellantis Returns to Profit in Early 2026 Following Major Turnaround

Key Points: Stellantis posted a net profit of 377 million euros ($440 million) for the first quarter of 2026. Total sales revenue climbed by 6 percent to reach 38.1 billion euros. The automaker plans to launch 10 new vehicle models later this year. The company will reveal a new business strategy on May 21 to fight Chinese competitors. Global automaker Stellantis shared positive financial news...