London, July 30, 2025 (Oilandgaspress) –-Tesla has reportedly signed a $4.3 billion deal with South Korea’s LG Energy Solution (LGES) to supply lithium iron phosphate (LFP) batteries for its energy storage systems, according to a Reuters report. The move marks a major step by Tesla to reduce its reliance on Chinese battery imports, especially as U.S. tariffs on such imports continue to rise. The lithium iron phosphate (LFP) batteries will be supplied from LGES’s U.S. factory in Michigan, the person said on condition of anonymity because the details were not public. Read More
During a visit to Scotland this week, Donald Trump urged Europe to “stop the windmills”, branding wind energy as ineffective and harmful.
Speaking to reporters at Prestwick Airport upon arriving in the country last Friday, he said, “You see these windmills all over the place, ruining your beautiful fields and valleys and killing your birds, and if they’re stuck in the ocean, ruining your oceans.”
The US President then launched into a tirade about wind energy during a press conference on Sunday with European Commission President Ursula von der Leyen to announce a new trade deal, calling it a “con job” that “doesn’t work”. Speaking at his Turnberry golf resort, he said wind turbines in Aberdeen were “some of the ugliest windmills you’ve ever seen”.
On Monday, during a press conference with UK Prime Minister Keir Starmer, Trump again attacked wind energy, calling turbines “ugly monsters” and urging Starmer to instead back North Sea oil and gas. Read More
Nissan released results for the first quarter of fiscal year April 1st, 2025 to March 31st, 2026. Nissan’s results, published in Japanese accounting standards, for the first quarter of fiscal year 2025/2026 (April 1st to June 30th, 2025), after IFRS restatements, have a negative contribution to Renault Group’s second quarter 2025 net income estimated at -€127 million[1].
As a reminder, following the sales by Renault Group of Nissan shares and the cancellation of the acquired shares as part of the buyback by Nissan, Renault Group’s holding position as of today amounts to 35.71% of Nissan’s capital (17.05% of Nissan shares are held directly and 18.66% are held in the French trust of which Renault Group is the beneficiary).
Baker Hughes Rig Count: : International +27 to 913, U.S. -2 to 542 Canada +10 to 182
U.S. Rig Count is down 2 from last week to 542 with oil rigs down 7 to 415, gas rigs up 5 to 122 and miscellaneous rigs unchanged at 5.
Canada Rig Count is up 10 from last week to 182, with oil rigs up 8 to 128, gas rigs up 2 to 54 and miscellaneous rigs unchanged at 0.
International Rig Count is up 27 from last month to 913 with land rigs up 31 to 730, offshore rigs down 4 to 183.
The Worldwide Rig Count for June was 1,600, up 24 from the 1,576 counted in May 2025, and down 107, from the 1,707 counted in June 2024.
| Region | Period | Rig Count | Change |
| U.S.A | July 26, 2025 | 542 | -2 |
| Canada | July 26 2025 | 182 | +10 |
| International | June 2025 | 913 | +27 |
| Baker Hughes |
Bentley expands MEAI network with the appointment of Bentley Mauritius Bentley Motors is set to continue the strategic expansion of its global retail network with the launch of its first showroom in Mauritius, opening in the third quarter of 2025. Located in the central town of Phoenix, part of the Plaines Wilhems District, the new site stands as a key location for strengthening Bentley’s presence in the Middle East, Africa, and India (MEAI) region.
The new showroom will bring both Bentley’s extraordinary cars and its legendary ownership experience to automotive enthusiasts on the island, with a full suite of services provided by a dedicated sales and aftersales team. Customers will benefit from world-class technical expertise and personalised care to keep their vehicles in pristine condition.
As part of the showroom launch, Bentley Mauritius will showcase two of the brand’s most iconic and latest models, the new Continental GT and the Flying Spur, both featuring High Performance Hybrid powertrains, offering guests a first-hand look at the luxury, performance, and craftsmanship that define the Bentley experience.
Bentley will be represented in Mauritius by Stuttgart Motors Ltd, part of the ABC Automobile Division, which is one of the country’s leading players in premium vehicle sales and services.
This new opening is a step forward in Bentley’s ongoing expansion across strategic international markets, delivering exceptional vehicles and experiences to customers around the world.
Automobili Lamborghini closes the first half of 2025 with solid financial results, reflecting the company’s resilience in a complex geopolitical and economic environment. Turnover stands at €1.62 billion, in line with the same period last year, while operating profit reaches €431 million, slightly down primarily due to the unfavourable exchange rate trends in the last quarter. In the first half of the year Automobili Lamborghini also achieved a new milestone with 5,681 cars delivered: the highest-ever result for a first half, marking a 2% increase compared to the same period in 2024. The profitability of the Sant’Agata Bolognese company stands at 26.6%, consolidating its path of sustainable growth over the past few years and value creation for all stakeholders, even in a phase of complete product range renewal.
Paolo Poma, Managing Director and CFO of Automobili Lamborghini, commented: “In the current macroeconomic and geopolitical context, the financial and business performance of the first half of 2025 demonstrates the resilience we have built over the years, and confirms once again the brand’s positioning among the leading players in the luxury sector.”
In terms of regional delivery distribution, EMEA leads with 2,708 units, followed by the Americas with 1,732, and APAC with 1,241.
The results achieved in the first half of 2025 confirm the effectiveness of Automobili Lamborghini’s industrial vision, guided by the Direzione Cor Tauri roadmap. The introduction of a fully hybrid line-up marks a crucial step in the brand’s evolutionary path, one that has been met with enthusiasm by the market. A decisive contribution to this success comes from Urus SE[1] and Revuelto[2], two models that demonstrate the brand’s ability to combine performance and innovation in a new era of electrification.
Revuelto, the brand’s first High Performance Electrified Vehicle (HPEV), stands out for its revolutionary technical architecture, cutting-edge design, maximum-efficiency aerodynamics and a new carbon-fibre chassis concept. Its 1,015 HP result from the combination of a next-generation V12 engine, three electric motors, and a dual-clutch gearbox: a first for a twelve-cylinder Lamborghini.
Completing the top of the range is the Urus SE, the plug-in hybrid version of the Super SUV, equipped with an 800 HP hybrid powertrain. Featuring a refreshed design, optimised aerodynamics and upgraded onboard technology, the Urus SE significantly improves on the Urus S in terms of comfort, efficiency, emissions and driving pleasure. Thanks to the combination of combustion and electric power, it delivers record torque and power figures, while retaining the versatility that makes it unique in the segment.
Trump tariffs The German economy shrank by 0.1% in the spring of 2025, as companies adjusted to the impact of Donald Trump’s tariffs.
Germany is the EU’s largest economy and biggest exporter, so its growth figures are crucial in determining the rate of growth in the eurozone – data expected at 10am BST.
Economists had expected the decline in output. The country’s federal statistics agency also revised down growth in the first quarter to 0.3%, rather than the preliminary reading of 0.4%.
You can see the tale of Germany’s struggling economy since the coronavirus pandemic in the below chart: note that GDP is below 2022 levels.
It came after France’s economy, Europe’s second-largest, significantly outperformed expectations. French GDP grew by 0.3% in the second quarter, according to preliminary data.
Porsche has been heavily hit by the US tariffs, but the German sportscar maker has not yet decided to shift production to America.
Porsche’s chief financial officer, Jochen Breckner, has told reporters this morning that the company is are observing the tariff situation and how the market responds, but there is currently no US production planned, Reuters reported. Car companies around the world are laying out the cost of Donald Trump’s trade war, with Mercedes-Benz saying tariffs will cost it €362m (£313m) while German sportscar maker Porsche saying it would cost €400m.
British sportscar manufacturer Aston Martin Lagonda also said that it cut production and limited exports to the US to try to limit the financial impact.
The Trump administration raised tariffs of 27.5% on car imports from the EU and UK, causing chaos for German and British carmakers – although the EU trade deal will cut that to 15%, while the UK has secured a 10% tariff on the first 100,000 exports.
Mercedes-Benz said the tariffs were “causing great uncertainty”, and had hit sales, which dropped 9% year-on-year to 453,700 units in the second quarter. Reuters reported that Mercedes said tariffs would cut profits by about 1.5 percentage points, equivalent to a tariff effect of €362m on the division’s adjusted operating profit.
Stellantis Reports First Half 2025 Results . Net revenues of €74.3 billion, down 13% compared to H1 2024 primarily driven by Y-o-Y declines in North America and Enlarged Europe, partially offset by growth in South America
Net loss of (€2.3) billion, including €3.3 billion of net charges excluded from Adjusted operating income(1), down compared to H1 2024 Net Profit of €5.6 billion. AOI(1) of €0.5 billion, with AOI margin(2) of 0.7%, below prior year levels of €8.5 billion and 10.0%, respectively
Industrial free cash flows(3) of (€3.0) billion, as the subdued level of AOI generation was more than offset by CapEx and R&D expenditures in H1 2025
Total industrial available liquidity at June 30, 2025 was €47.2 billion, above targeted ratio to Net Revenues
Total inventories of 1.2 million units (Company inventory of 298 thousand units) at June 30, 2025, +1% compared with year-end 2024, even as new products launched and consolidated shipments rose +5% sequentially
H1 2025 saw sequential improvement in Shipments, Net revenues, AOI(1) and Industrial free cash flows(3) compared to H2 2024, realizing benefits from an expanded product lineup, revitalized marketing and strong inventory discipline; Net loss deteriorated sequentially
The Company re-established financial guidance, expects continued sequential improvement in H2 2025
This decline was primarily driven by North America and Enlarged Europe regions, partially offset by growth in South America. Results also reflect the impacts of foreign exchange headwinds, tariffs, and declines in European LCV industry volumes. Despite the challenging financial results, Stellantis is actively positioning itself for a stronger future through strategic leadership changes and renewed focus.
New Leadership Team Now in Place
Stellantis announced on May 28, 2025 that its Board of Directors had unanimously selected Antonio Filosa as its new CEO, effective June 23, 2025. Filosa brings to the CEO role a people-first management philosophy, an expansive track record of success at the Company, and a clear vision for succeeding in a challenging auto industry.
On June 23, 2025 Filosa announced Stellantis’ new leadership team, comprised of individuals with extensive automotive industry expertise. The announcement marked the elevation of several high-performing executives to top-level roles for the first time, with the majority assuming significantly expanded responsibilities.
Filosa was confirmed as a member of the Board of Directors and an executive director of Stellantis at the Extraordinary General Meeting on July 18, 2025.
Tariff Update
Stellantis updates its estimate of 2025 net tariff impact to approximately €1.5 billion, of which €0.3 billion was incurred in H1 2025. The Company remains highly engaged with relevant policymakers, while continuing long-term scenario planning.
PEUGEOT 208, 2008, and 308 Business models, PEUGEOT is introducing two new trim levels to its range: ‘Business’ offers all the comfort and driving pleasure expected, particularly by professionals, while ‘GT Exclusive’ delivers the best of PEUGEOT design, refinement, and technology. The additional trim levels join the well-established Style, Allure and GT versions.
The new PEUGEOT 208, 2008, and 308 Business models, are based on the Style trim and come as standard with additional features including a reversing camera, electrically folding door mirrors, and the PEUGEOT i-Connect® Advanced infotainment system. This system offers wireless mirroring (Apple CarPlay/Android Auto), high-performance TomTom connected navigation, and the ‘OK PEUGEOT’ voice recognition command, allowing users to control infotainment functions hands-free.
The new PEUGEOT 408, 3008, and 5008 Business models, based on the Allure trim, come additionally equipped with the PEUGEOT i-Connect® Advanced system, tactile i-toggles that allow users to create shortcuts for climate control settings, phone contacts, radio stations, and more, as well as a wireless smartphone charger. The 3008 and 5008 also feature the Panoramic i-Cockpit® with its large 21” HD display.
The new Business trim is available across all powertrains of the 208, 2008, 308, 408, 3008, and 5008. In addition to the features mentioned above, for even greater ease of use, the plug-in hybrid versions of the 308, 408, 3008, and 5008 come equipped with a 7.4 kW onboard charger.
Mercedes-Benz Group posts robust H1 results Mercedes-Benz Group AG achieved robust financial results in the second quarter, despite a dynamic business environment and new global tariff policies. All three business units achieved solid EBIT margins. The company generated a robust free cash flow of the industrial business of €1.9 bn in the second quarter (Q2 2024: €1.6 bn) and €4.2 bn in the first six months (H1 2024: €3.9 bn). Net liquidity reached €30.8 bn in the first half (end of Q2 2024: €27.4 bn). Group Revenue and Group EBIT were influenced by the new tariffs. Group EBIT was impacted by €715 mn of adjustments which were mainly for measures to increase operational efficiency and M&A transactions, including for the sale of production and sales capacities in Argentina. The adjusted Mercedes-Benz Group EBIT reached €2.0 bn (Q2: 2024: €4.0 bn).
Mercedes-Benz Cars achieved a robust adjusted EBIT margin of 5.1% in the second quarter and 6.2% in the first half. Excluding the latest additional tariffs, the Mercedes-Benz RoS was 6.6% in Q2. Mercedes-Benz Cars sold 453,700 cars (-9%) in the second quarter, 2% above Q1 2025, influenced by the ongoing dynamic market environment especially in China and due to diligent management of stock to counter tariff impacts. Top-End Vehicles accounted for 14.3% of overall sales. Demand for plug-in hybrid vehicles (PHEV) remained strong in the second quarter (+34%) and xEV sales increased by 4%. Second quarter EBIT of Mercedes-Benz Cars was influenced by tariffs, and by lower unit sales and a softer net pricing as well as by efficiency measures, and macro environment.
Mercedes-Benz Vans achieved a healthy adjusted EBIT margin of 10.4% in the second quarter and 11.0% in the first half. Second quarter adjusted EBIT was influenced by lower sales volumes. Mercedes-Benz Vans sold 93,400 units (-10%) in the second quarter in a highly competitive market environment. Sales of electric Vans increased 32% compared to Q2 2024.
Mercedes-Benz Mobility achieved a robust adjusted return on equity of 8.9% in the second quarter and 8.8% in the first half. Second quarter adjusted EBIT of Mercedes-Benz Mobility was slightly above prior-year’s level supported by positive effects from financial investments and ongoing efficiency measures.
Outlook:
Mercedes-Benz Group now sees Group revenue significantly below the prior-year level based on lower sales expected at Mercedes-Benz Cars and Mercedes-Benz Vans.
Sales at Mercedes-Benz Cars are now seen significantly below 2024 levels, with sales in the second half of the year in the vicinity of H1. Overall sales in Q3 are seen slightly lower than in Q4. To reflect tariff impacts, the company now sees a new full-year guidance range for return on sales adj. at Mercedes-Benz Cars of 4-6%. For Mercedes-Benz Vans, sales are seen significantly below the previous year, with a stronger H2 versus H1. Including tariffs, this leads to a new guidance range of 8-10% for return on sales adj. at Mercedes-Benz Vans for the full year.
“We achieved robust financial results in the second quarter given the dynamic business environment. The best response is to stay on course to deliver desirable and intelligent products, while keeping a tight grip on costs. We’re adapting to new geopolitical realities by using our global production footprint intelligently and by executing our Next Level Performance programme, which goes beyond efficiency measures, to increase the resilience of our company.”
Ola Kaellenius, Chief Executive Officer of Mercedes-Benz Group AG
All-new electric Mercedes-Benz GLC at IAA MOBILITY 2025 The highlight of this year’s show is the world premiere of the all-new GLC with EQ Technology – and it will join the Mercedes‑Benz line-up in the “Open Space” at the Apothekenhof and in Hall B3. The all-new electric GLC is the first of a whole new series of cars with elevated Mercedes-Benz iconic design and presents a new face of the brand. Purposeful, refined and unmistakably a GLC, it embodies everything expected from the top seller in Mercedes‑Benz’s lineup. Seamlessly continuing the legacy of the GLC in its electric form, the new model is iconic, versatile, intuitive and smooth.
From Advanced Driver Assistance Systems (ADAS) and revolutionary drive concepts to the Intelligent Cockpit including numerous Digital Extras[1], visitors will have the opportunity to experience the latest technologies and innovations first-hand at the brand’s “Open Space” located at the Apothekenhof. Therefore, Mercedes‑Benz has gathered a range of current and future electric and electrified vehicles across all Mercedes brands. The line-up covers a broad spectrum from compact models and performance saloons to luxury SUVs and multi-purpose vehicles. Among the vehicles making their show premieres are the all-new CLA family, equipped with both electric and high-tech hybrid drives, as well as the all-electric CLA Shooting Brake – the first electric Mercedes‑Benz in the estate style. Also, Mercedes‑Benz allows a first look into the new era of its Grand Limousines with a camouflaged prototype of its all-new and all-electric VLE, which will hit the roads in 2026. Just around the corner, at the brand space Studio Odeonsplatz by Mercedes‑Benz, visitors can also discover an exclusive selection of materials, colours and finishes offered by the MANUFAKTUR individualisation and customisation programme.
The IAA MOBILITY’s “Open Space” concept is designed to offer automotive enthusiasts as well as locals and visitors to Munich a platform to meet and talk about current and future mobility. To this end, Mercedes‑Benz has planned an exciting programme of events to take place at the Mercedes‑Benz Pavilion throughout the show from 9-14 September.
Porsche AG pushes ahead with strategic realignment, In the first six months of 2025, the sports car manufacturer generated a group sales revenue of 18.16 billion euros (previous year: 19.46 billion euros). Group operating profit amounted to 1.01 billion euros (previous year: 3.06 billion euros). The group operating return on sales was 5.5 per cent (previous year: 15.7 per cent).
Macroeconomic and geopolitical headwinds weigh substantially on half-year results. Porsche responds with comprehensive strategic realignment measures.
Extensive rescaling and a more flexible product portfolio are its objectives.
Special charges of around 1.1 billion euros, including for battery activities, US tariffs and the strategic realignment.
Group sales revenue in the first half of the year at 18.16 billion euros, with operating profit at 1.01 billion euros.
Record deliveries in North America as well as in the Overseas and Emerging Markets.
The proportion of electrified vehicles in Europe is around 57 per cent, exceeding the target set at the time of the IPO.
Success in quality ranking and in motorsport.
CEO Oliver Blume: “The world is changing dramatically. That’s why we are fundamentally developing Porsche. Our completely revamped product range is very well received by our customers. We therefore expect that we will begin to see positive momentum again from 2026 onwards.”
CFO Dr Jochen Breckner: “The aim of our strategic realignment is to strengthen our profitability and resilience.”
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $68.96 | Up |
| Crude Oil (Brent) | USD/bbl | $70.26 | Up |
| Bonny Light 25/07/25 CBN | USD/bbl | $73.36 | — |
| Dubai | USD/bbl | $70.59 | Up |
| Natural Gas | USD/MMBtu | $3.16 | Up |
| Murban | USD/bbl | $75.41 | Up |
| OPEC basket 29/07/25 | USD/bbl | $72.61 | Up |
The 61st Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday, 28 July 2025. The JMMC reviewed the crude oil production data for the months of May and June 2025 and noted the overall conformity for OPEC and non-OPEC countries participating in the Declaration of Cooperation (DoC).
The Committee reiterated the critical importance of achieving full conformity and compensation, and requested countries that did not achieve full conformity to submit updated compensation plans to the OPEC Secretariat by 18 August 2025.
The Committee also reaffirmed that it will continue to monitor adherence to the production adjustments decided upon at the 38th OPEC and non-OPEC Ministerial Meeting (ONOMM) held on 5 December 2024, and the additional voluntary production adjustments announced by some participating OPEC and non-OPEC countries as agreed upon in the 52nd JMMC held on 1 February 2024.
The JMMC retains the authority to convene additional meetings or to request an OPEC and non-OPEC Ministerial Meeting, as established during the 38th ONOMM held on 5 December 2024.
The next meeting of the JMMC (62nd) is scheduled for 1 October 2025.
SLB Launches OnWave Autonomous Logging Platform SLB introduced the OnWave™ autonomous logging platform that enables more efficient and reliable acquisition of formation evaluation measurements in any well condition.
This first-of-its-kind technology autonomously acquires multiple, high-fidelity measurements downhole, without the need of a wireline unit, and wireline cable. The OnWave platform’s cable-free design takes less than half the time to deploy compared with conventional wireline platforms, while enabling drill pipe rotation and mud circulation during logging operations, to enhance well safety and minimize stuck pipe events.
“The OnWave platform marks the beginning of a new era in formation evaluation,” said Frederik Majkut, president of Reservoir Performance, SLB. “By streamlining how we gather high-fidelity measurements downhole, we are opening up key opportunities for our customers to integrate data-driven decision making into their workflows across the well life cycle — from exploration through to production and recovery.”
Deployable in any well trajectory — without the need for an onsite SLB crew — the OnWave platform executes tasks downhole that would typically be performed manually by engineers at surface, including borehole measurement acquisition and data quality checks. It also verifies the tool’s position and functionality downhole through constant communication with surface — a capability most conventional cableless logging platforms don’t have. This assures confidence in the data acquisition quality and avoids remedial logging runs.
Deployed successfully across diverse basins, including in the United States and Middle East, the OnWave platform has demonstrated significant efficiency gains in complex well trajectories. In South Texas, the platform reduced the landing time to total depth of the well from hours to just 27 minutes — a 70 percent reduction compared with conventional deployment techniques. Processing of the measurements at surface provided high‑quality integrated petrophysics and acoustic insights, enabling the E&P operator to improve the stimulation and completion designs and derisk asset field development.
Disability Inclusion For the fourth year in a row, SLB is a top scorer on the Disability Index® — once again ranking the company among the best workplaces for disability inclusion.
This year, SLB teams in India and the United Kingdom are featured as part of the index for their efforts in advancing accessibility and inclusion.
“We are proud to be featured in the Disability Index again this year,” says Carlos Sarmiento, director of Culture, Diversity and Inclusion at SLB. “This recognition reflects our approach to disability inclusion, which is grounded in global best practices and driven by the empowerment of our local teams.”
Central to SLB’s efforts is the ThisAbility Network, an employee resource group that provides a supportive network for employees with disabilities, long-term health conditions, carer responsibilities and allies. The group provides a community to share experiences, access peer support and encourage learning across the organization.
3t Appoints New VP to Lead Saudi Training Centre GTSC, part of 3t, the leading global provider of workforce training and competency for safety-critical industries, has announced the appointment of Askar Salem Alyami as Vice President of its Saudi Arabian training centre operations.
This strategic appointment marks a significant step in 3t’s continued commitment to advancing its growth story in the Kingdom and supporting the development of local talent to meet future energy challenges.
In his new role, Askar will oversee the company’s Dammam training centre operations, positioning it as an integral part of 3t’s global training and development network. The centre plays a vital role in equipping the next generation of Saudi professionals with the skills, knowledge, and expertise needed to drive innovation and sustainability in the energy sector, in full alignment with the goals of Saudi Vision 2030.
Askar Salem Alyami, newly appointed Vice President of 3t’s GTSC Saudi Arabian training operations, said: “I am honoured to join 3t at this pivotal time and look forward to driving strategic partnerships and delivering world-class training that supports the Kingdom’s Vision 2030 transformation goals.
“Together with our talented team, I aim to bring my experience to expand GTSC’s presence in key sectors, improve workforce development and industrial excellence across Saudi Arabia, while accelerating 3t’s growth story in the region and take our success to new heights, both locally and globally.”
With over 15 years of experience in major organisations such as Aramco, SABIC and the Saudi Water Authority, Askar brings extensive expertise in training, consultancy and business development to 3t. Throughout his career, he has held various leadership positions, delivering training programs and strategic partnerships that have empowered workforces and strengthened organisational capabilities across the region.
He now aims to leverage this experience to enhance 3t’s regional and global performance and deliver tangible business results for customers, positioning the GTSC centre as the go-to place for safety-critical training in the region.
Hani Sagr, Managing Director for 3t’s MENA region, said: “We are delighted to welcome Askar to 3t’s Middle East leadership team. His local experience in training, proven track record in business development, and passion for people-centric growth will be instrumental as we invest in the region and strengthen our position as a trusted partner in supporting the Kingdom’s ambitious energy and economic transformation.”
Under Askar’s leadership, the Saudi Arabian centre will continue to expand its suite of accredited training programs and valued customer partnerships, fostering an environment where Saudi talent can thrive and contribute to solving the world’s evolving energy challenges.
Nissan posts first quarter results Nissan Motor Co., Ltd. today announced financial results for the three months ended June 30, 2025.
In the first quarter, Nissan recorded global sales of 707,000 units and consolidated net revenue of 2.7 trillion yen. While improvements in product mix and reductions in fixed costs helped mitigate losses—resulting in a smaller-than-expected operating loss of 79.1 billion yen compared to the earlier forecast of 200 billion yen—the company continued to face headwinds. These included lower sales volumes, adverse exchange rate movements, and the impact of U.S. tariffs. Consequently, the net loss for the period amounted to 115.8 billion yen. The company has maintained its FY25 net revenue outlook at 12.5 trillion yen. However, given the difficulty in forecasting the business environment surrounding the company at this time, the outlook for operating profit, net income, and auto free cash flow for the fiscal year remains undetermined.
Additionally, the outlook for the second quarter of FY25 is expected to be a consolidated net revenue of 2.8 trillion yen, operating loss of 100 billion yen and negative automotive free cash flow of 350 billion yen.
Nissan president and CEO Ivan Espinosa said: “These results serve as a reminder of the urgency behind our Re:Nissan recovery plan. Over the past quarter, we’ve taken decisive first steps—cutting costs, redefining our product and market strategy, and strengthening key partnerships. We must now go further and faster to achieve profitability. Everyone at Nissan is united in delivering a recovery that will ensure a sustainable and profitable future.”
Re:Nissan Progress
Under the Re:Nissan transformation plan, the company is targeting a return to profitability and positive free cash flow in the automotive business by fiscal 2026. Decisive actions have already been initiated to support this goal.
On the variable cost front, the dedicated TdC Transformation team has generated approximately 4,000 cost-saving ideas, with around 1,600 ready to implementation. Fixed cost reductions have also begun to yield results, with savings of more than 30 billion yen realized in the first quarter alone.
Nissan production, sales, and exports for June and first half of 2025 Global sales in June declined 4.9% from a year earlier.
Sales including minivehicles in Japan declined 3.7% from a year earlier.
- Sales of registered vehicles in Japan declined 6.2% from a year earlier.
- Minivehicle sales in Japan surpassed year-earlier results by 0.5%.
Sales outside Japan declined 5.1% from a year earlier.
January–June 2025
Global sales in the January–June 2025 period declined 5.7% from a year earlier.
Sales including minivehicles in Japan declined 10.3% from a year earlier.
- Sales of registered vehicles in Japan declined 9.1% from a year earlier.
- Minivehicle sales in Japan declined 12.2% from a year earlier.
Sales outside Japan declined 4.9% from a year earlier.
June 2025
Exports from Japan in June declined 19.6% from a year earlier.
January–June 2025
Exports from Japan in the January–June 2025 declined 17.8% from a year earlier.
Fluid Technologies has launched an industrial division that channels its full range of sustainable pumping solutions to a wide range of sectors from primary resources, food and textiles to consumer products, pharmaceuticals, manufacturing and energy.
The new division, Armstrong Industrial, combines two of the company’s business entities – Armstrong Gas Transmission Systems and RMI Pressure Systems. According to Joe Keenan, Global Managing Director of Industrial Fluid Flow Solutions at Armstrong Fluid Technology, this gives the market single-channel access to leading industrial fluid flow technology that will drive customers’ sustainability goals – particularly through energy efficiency and carbon emission reduction.
“Armstrong Industrial gives us clear market sector focus that streamlines how we make our fluid flow solutions available to customers,” said Keenan. “Customers gain the benefit of our decades of innovation, including built-in intelligence on many of our products, as we apply our technologies in existing and evolving industrial sectors through our customer-centric approach.”
Michael Cline has been appointed as General Manager of Armstrong Industrial, which is organised into two specialised teams focusing respectively on fluid and gas – to better serve these distinct industrial needs. While the fluid unit will cater to applications such as metals foundries, non-metals manufacturing, glass production, pulp and paper, food processing and mining, the gas unit will focus on the oil and gas sector, as well as energy and utilities.
A.M.A. from Spain relies on the new Mercedes-Benz Actros L ProCabin The Spanish transport company Autónomos Manchegos Agrupados (A.M.A.) has expanded its fleet with 43 Mercedes-Benz Actros 1848 LS ProCabins. The celebratory handover of the particularly efficient semitrailer tractors took place in an extraordinary setting: in front of the world-famous Campo de Criptana windmills, which gained literary fame through Don Quijote’s battle against the “giants”.
The event was under the motto “GIANTS under GIANTS” – a tribute to the strength and innovative power of the participants. Guests of honor at the ceremony included: Zenón, Alberto and José Gregorio Muñoz Abad, owner of A.M.A.; Antonio García-Patiño, CEO of Daimler Truck Spain; Pedro Villanueva, Managing Director of Eje Occidental, the official Mercedes-Benz and FUSO dealer for several Spanish provinces. The new Mercedes-Benz Actros L ProCabin sets new standards in long-distance haulage with its aerodynamically optimized cab, state-of-the-art assistance systems and highly efficient OM471 engines with top torque function. The result: up to 3% less fuel consumption – a noticeable contribution to greater profitability in freight transport.
The extensive equipment of the new vehicles includes:
Predictive Power Control: the anticipatory cruise control uses GPS data to recognize topography, curves and speed limits at an early stage and adjust the driving mode accordingly – for even more efficient driving.
Active Brake Assist 6: The latest version of the emergency braking assistant can now detect obstacles and critical situations even better – and react to pedestrians and cyclists with clear warning signals up to automatic maximum full-stop braking.
China’s EV ascent rewires auto ties with Europe China’s transformation from an automotive novice to an electric vehicle (EV) powerhouse has been decades in the making. In 1985, German automaker Volkswagen established China’s first Sino-foreign car joint venture with SAIC Motor in Shanghai. Its Santana model achieved 10,000 sales within two years.
European cars were once the benchmark for Chinese automakers, a reality BYD experienced first-hand. In early 2004, then still known as a battery maker, BYD saw its first prototype vehicle, codenamed 316, bluntly dismissed by dealers as having “no hope” after a review. The setback prompted the company to adopt an aggressive learning strategy.
BYD Shenzhen, the world’s second-largest car carrier of its kind, set sail from China to Europe with 6,817 BYD new energy vehicles (NEVs) on board, marking a notable shift in the world’s largest auto market, once dominated by European brands.
Two weeks later, Chinese automaker BYD achieved a significant production figure by rolling out its 13 millionth NEV. The figures are very telling: in 2024 alone, the country produced and sold over 12 million NEVs, according to official data.
Chinese autonomous delivery vehicle makers are accelerating their push into global markets,. with new milestones achieved in South Korea, Europe and beyond. On July 24, domestic autonomous vehicle manufacturer Neolix signed a cooperation agreement with the city of Incheon, South Korea, during a ceremony held in Beijing, signaling the first official use of unmanned delivery vehicles in South Korea’s history.
According to the memorandum of understanding, Neolix will partner with the Incheon Free Economic Zone Authority (IFEZA) to provide smart logistics automation services to key logistics hubs in Incheon, while long-term plans also involve the use of Incheon as a strategic base for expanding its investment and operations across the South Korean market, according to Neolix.
The Lamborghini Temerario, designed and built in Italy’s Sant’Agata Bolognese, chose the Estoril, Portugal race circuit to roll out its global driving launch event, with the world’s media, dealer partners and even some owners taking the wheel for the first time. Over 15 days, new Temerario super sports cars including lightweight Alleggerita versions covered hundreds of laps on the 4.36 km track to test the outstanding dynamic qualities of the High-Performance Electrified Vehicle, while also trying out the new Drift mode and launch control.
Almost 100 media arrived in Portugal to drive the new Lamborghini and report their first experience of Temerario on track. Dealers representing 56 markets made a pilgrimage to Circuito do Estoril for a deep-dive into the car’s exemplary performance and class-leading statistics. Equipped with an all-new 4.0-liter, V8 twin-turbo engine coupled with three electric motors, the Temerario outputs an overall maximum power of 920 CV and 800 Nm torque: moreover, the combustion engine provides maximum power output of 800 CV between 9,000 and 9,750 rpm; 730 Nm of torque between 4,000 and 7,000 rpm; and is the first and only production super sports car able to reach a maximum 10,000 rpm. With its new hybrid powertrain, Temerario delivers a sublime dynamism from 13 driving modes that set up the car for every environment, from daily driving to the racetrack: the ultimate fun-to-drive Lamborghini HPEV is ‘one’, in a class of its own.
Nissan to integrate vehicle production from CIVAC plant to Aguascalientes plant in Mexico,. As part of its global production restructuring under the Re:Nissan recovery plan, Nissan will consolidate vehicle production from the CIVAC Plant in Cuernavaca to the Aguascalientes Plant in Mexico. This move strengthens the company’s resilient and responsive global manufacturing footprint—aligned with market realities and agile enough to meet future demands.
Nissan transitions all vehicle production in Mexico to Aguascalientes complex during fiscal year 2025 (ending March 2026), ceasing operations at the CIVAC Plant in Morelos. This transition will centralize the manufacturing of both current and future models in Aguascalientes, leveraging its advanced, state-of-the-art equipment to drive production and logistics efficiencies while supporting sustainable growth.
Nissan CEO Ivan Espinosa said, “For over 60 years, Nissan Mexicana has built a strong and trusted relationship with its stakeholders in Mexico, earning global recognition as one of the company’s flagship operations. Today, we have made the difficult but necessary decision, that will allow us to become more efficient, more competitive, and more sustainable. Throughout this transition, we remain deeply appreciative of the invaluable contributions made by our collaborators at the CIVAC Plant. Their dedication over the years has been instrumental to our success. I take this opportunity to reaffirm our commitment to our employees, customers, and to Mexico, which remains a strategic pillar for our company.”
Under Re:Nissan, Nissan aims to reduce its global production capacity from 3.5 million units (excluding China) to 2.5 million units, while maintaining a plant utilization rate of around 100%. To achieve this, the company has been considering the consolidation of production sites from 17 to 10.
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole , victor@oilandgaspress
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