Global Autos Driver: Global Autos Newsflow & Research

Research evidence excerpt

Global Autos Driver: Global Autos Newsflow & Research

J P M O R G A N Europe Equity Research

29 June 2026

Global Autos Driver

Global Autos Newsflow & Research

Sector News European Autos & Auto Parts

Jose M Asumendi AC

• Toyota Motor Corp.'s global sales fell 7.4% from a year earlier to 885,207 units (44-20) 7742-5315

in May, including those of subsidiary Daihatsu Motor Co. jose.m.asumendi@jpmorgan.com

J.P. Morgan Securities plc

• Volkswagen intends to end its automated driving partnership with Bosch Akshat Kacker, CFA

(worth around €1.5bn) as part of its efforts to cut costs and boost (44-20) 7134-6775

competitiveness, Reuters reports, citing Germany's Bild newspaper. The akshat.kacker@jpmorgan.com

partnership was launched in 2022 between Bosch and Volkswagen's software J.P. Morgan Securities plc

unit Cariad to develop software for driver assistance and autonomous driving. Nick Lai AC

(65) 6801-3176

• Volkswagen is drawing up plans to cut 100,000 jobs globally. Germany’s nick.yc.lai@jpmorgan.com

Volkswagen is drawing up proposals for a major overhaul that will see 100,000 J.P. Morgan Securities Singapore Private Limited/

jobs cut in the next few years, double that of previously unveiled plans. The J.P.MorganMorganBrokingSecurities(Hong (AsiaKong)Pacific)LimitedLimited/ J.P.

firm is considering restructuring and cutting down the size of the workforce in AC Akira Kishimoto

a bid to make cost savings worth €11bn (£9.5bn) by 2030, according to local (81-3) 6736-8646

media. The proposals could involve putting four car plants in Germany under akira.x.kishimoto@jpmorgan.com

review before ending production, Manager Magazin reported. It would also JPMorgan Securities Japan Co., Ltd.

mean cost-cutting on a much greater scale than previously outlined, having