Wednesday, November 4, 2026
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Auto industry
Honda's European president said the company could build cars in Europe again, alone or with another automaker, depending on the final form of the EU's proposed Industrial Accelerator Act and its made-in-EU rules, though nearly 59,000 regional registrations through September are too few to justify a plant today, as reported by Bloomberg. Dealers have no confirmed new European production source or start date to plan around.
Sources: Link
The other stories from Wednesday, November 4, 2026.
Honda posted its best October since 2020, with record light-truck and hybrid sales. Toyota also reported higher U.S. sales.
Read the full summary →OPENLANE posted more dealer and commercial wholesale activity in Q3 and raised its buyback authorization.
Read the full summary →Mercedes delayed Alabama GLC production until May 2030. U.S. supply will keep coming from Europe under the existing import tariff.
Read the full summary →Automakers asked Congress for a permanent Chinese connected-vehicle ban. The legislation still needs to pass.
Read the full summary →Ally's originations included more lower-score borrowers and more Carvana loans, while its consumer auto charge-off rate held steady.
Read the full summary →Assurant's auto earnings benefited from better loss experience, service contracts and partner growth. It also raised its full-year outlook.
Read the full summary →Many shoppers will consider CPO but do not understand the difference from ordinary used vehicles. Clear explanations may matter before the price discussion.
Read the full summary →Volkswagen will skip its usual year-end zero-due-at-signing lease event, removing a familiar payment offer for stores.
Read the full summary →