What happened in the mobility market today?
Read this 1-minute recap to stay informed.
1. GM 🇺🇸 announced the reduction of about 1,700 jobs at Michigan and Ohio plants due to a slowdown in their electric vehicle demand, with 1,200 layoffs at Detroit’s EV plant and 550 at Ohio’s Ultium Cells site.
2. BYD 🇨🇳 announced 7,473 car registrations in Singapore by September 2025, leading Toyota by 2,027 units and capturing 19.7% of new car registrations
3. Porsche SE 🇩🇪, Volkswagen’s largest shareholder, considers investing in Volkswagen’s Everllence diesel engine division, valued between 6 and 8 billion euros, amid Volkswagen’s planned majority spin-off next year.
That’s all for today, thanks for reading!