U.S. House Ready to Gut EV Incentives; Xiaomi SU7 Gets Lowes…

Autoline reports breaking global car news, with great insight and analysis. Also, top auto executive interviews. We cover electric vehicles (EV), autonomous vehicles (AV) and internal combustion engine technology (ICE), as well as car sales & financial earnings and new car reviews.
0:00 U.S. House Ready to Gut EV Incentives
1:16 Honda Forecasts 64% Profit Drop
1:57 Nissan Operating Profit Drops 88%
2:40 Mazda Teams Up with CATL For EVs
3:58 Xiaomi SU7 Gets Lowest Quality Rating
5:14 Nio 1st In EU with Steer-By-Wire
6:04 GM Hires Sterling Anderson As Product Czar
6:59 Mercedes Moving GLC Production to U.S.
7:39 Next-Gen Colorado, Canyon Not Until 2032
Story Links:
U.S. House Ready to Gut EV Incentives: https://www.wsj.com/business/autos/house-bill-would-scrap-ev-tax-credit-00245f9d?mod=autos_news_article_pos5
Honda Forecasts 64% Profit Drop: https://global.honda/en/investors/library/financialresult/main/07/teaserItems3/011/linkList/00/link/FYE202503_4Q_financial_presentation_e.pdf
Nissan Operating Profit Drops 88%: https://www.nissan-global.com/EN/IR/FINANCIAL_RESULTS/ASSETS/DATA/2024/20243rd_summary_673_e.pdf
Mazda Teams Up with CATL For EVs: https://carnewschina.com/2025/05/13/mazda-partners-with-catl-to-develop-next-gen-evs-using-innovative-skateboard-chassis/
Xiaomi SU7 Gets Lowest Quality Rating: https://www.aqsiqauto.com/newcars/info/14786.html
Nio 1st In EU with Steer-By-Wire: https://carnewschina.com/2025/05/13/nio-et9-steer-by-wire-technology-receives-dual-certification-from-china-and-europe/
GM Hires Sterling Anderson As Product Czar: https://pressroom.gm.com/gmbx/us/en/pressroom/home/news.detail.html/Pages/news/us/en/2025/may/0512-GM-names-Sterling-Anderson-chief-product-officer.html
Mercedes Moving GLC Production to U.S.: https://www.autonews.com/mercedes-benz/an-mercedes-us-production-expansion-plans-0512/
Next-Gen Colorado, Canyon Not Until 2032: https://files.constantcontact.com/f10152e5001/3356cb64-b125-4743-b0aa-63210c72be4c.pdf?rdr=true
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