BESCOM to install EV charging stations along national and state highways in Karnataka

BESCOM to install EV charging stations along national and state highways in Karnataka

Source : PTI | The Energy Department of Karnataka through the state-owned BESCOM is aiming to make long highway drives in electric vehicles hassle-free in the state with the proposed installation of charging points.

It is installing charging stations along the Bengaluru-Belagavi National Highway (NH-48) and at 40 other toll points across the state, energy department officials said on Tuesday. Continue reading “BESCOM to install EV charging stations along national and state highways in Karnataka”

Honda Cars India domestic sales up 15.3% to 6,394 units in October

Honda Cars India domestic sales up 15.3% to 6,394 units in October

Source : PTI | Honda Cars India Ltd on Saturday reported a 15.3 per cent increase in domestic sales at 6,394 units in October as compared to 5,546 units in the same month last year.

The company also exported 4,124 units, bringing its total sales to 10,518 units for the month, Honda Cars India Ltd (HCIL) said in a statement. Continue reading “Honda Cars India domestic sales up 15.3% to 6,394 units in October”

Over 250 vehicles turned back as Delhi enforces ban on polluting commercial trucks

Over 250 vehicles turned back as Delhi enforces ban on polluting commercial trucks

Source : PTI | More than 250 vehicles were returned from Delhi’s borders on Saturday as a ban on the entry of commercial goods vehicles not registered here and compliant with BS-III or lower emission standards came into force in the national capital.

Transport department and traffic police teams have been deployed at Delhi’s borders.

According to official data from the Delhi Traffic Police, 5,325 non-destined vehicles were checked and 256 of those turned back. Continue reading “Over 250 vehicles turned back as Delhi enforces ban on polluting commercial trucks”

Festive season drives petrol sales but diesel lag

Festive season drives petrol sales but diesel lag

Source : PTI | India’s petrol sales surged to a five-month high in October on festive travel boost, but diesel consumption remained flattish, defying the trend, according to preliminary industry data.

Petrol consumption rose 7 per cent year-on-year to 3.65 million tonnes in October, as the onset of festival season increased demand for the fuel. The sales were higher month-on-month as well when compared to 3.4 million tonnes in September.

Continue reading “Festive season drives petrol sales but diesel lag”

Highways Ministry to penalise contractors for repeat accidents on NH stretches

Highways Ministry to penalise contractors for repeat accidents on NH stretches

Source : PTI | To prevent road accidents and fatalities, the highways ministry has decided to penalise contractors if more than one accident happens in a year on a particular stretch of National Highways, built under the build-operate-transfer (BOT) model, a senior government official said on Sunday.

Road Transport and Highways Secretary V Umashankar said the highways ministry has revised the BOT document, and now contractors will have to undertake crash management and take corrective steps if more than one accident happens in a particular period on a highway stretch built by them under the BOT model.

Continue reading “Highways Ministry to penalise contractors for repeat accidents on NH stretches”

Hinduja Group to invest ₹20,000 cr in Andhra across energy, EV sectors

Hinduja Group to invest ₹20,000 cr in Andhra across energy, EV sectors

Source : PTI | Amaravati, Diversified conglomerate Hinduja Group has agreed to invest ₹20,000 crore in Andhra Pradesh in phases, following a meeting with Chief Minister N Chandrababu Naidu in London, the state government said on Monday.

Naidu met Ashok Hinduja, Chairman of Hinduja Group India; Prakash Hinduja, Chairman of Hinduja Group Europe; and Shom Hinduja, Founder of Hinduja Renewables, to discuss investment opportunities in the energy and transport sectors. Continue reading “Hinduja Group to invest ₹20,000 cr in Andhra across energy, EV sectors”

Renault in talks with automakers including Chery after Brazil deal with Geely

Renault in talks with automakers including Chery after Brazil deal with Geely

PARIS/SHANGHAI, (Reuters) – Renault is in talks with more automakers including China’s Chery to explore partnerships to jointly produce and sell cars, a top executive said.

Fabrice Cambolive, Renault Group’s chief growth officer, told reporters on Friday about the talks while announcing the completion on Monday of a deal in Brazil with China’s Geely.

The move underscores how Renault has been increasingly partnering with other automakers, especially Chinese ones, in global markets to improve the efficiency of its factories worldwide and enhance product competitiveness. Continue reading “Renault in talks with automakers including Chery after Brazil deal with Geely”

Tesla sales resume fall in European markets in October

Tesla sales resume fall in European markets in October

Summary

  • Tesla sales rise around 2.4% in France in October
  • Drop in Norway after rising for several months
  • Tesla outsold by Chinese brands in Denmark and Spain

LONDON, (Reuters) – Tesla’s sales plunged in October in a number of European countries including Spain, the Netherlands and Nordic markets in the latest sign that the U.S. electric vehicle maker’s struggles on the continent continue.

Tesla had seen sales rise in a number of European markets in September, after falling for most of this year due to increasing competition to its ageing lineup from newer EV models. Continue reading “Tesla sales resume fall in European markets in October”

Samsung SDI in talks with Tesla to supply energy storage batteries, shares soar

Samsung SDI in talks with Tesla to supply energy storage batteries, shares soar

SEOUL, (Reuters) – South Korea’s Samsung SDI said on Tuesday it is in talks to supply energy storage batteries to Tesla in an order that Korean media said could be worth more than 3 trillion won ($2.11 billion).

Samsung SDI shares soared more than 8% on the news.

A deal would mark the latest push by Tesla to reduce reliance on China for key parts, fueled by tariffs and geopolitical tensions. Continue reading “Samsung SDI in talks with Tesla to supply energy storage batteries, shares soar”

Ford’s US October sales rise on demand for pickup trucks despite EV decline

Ford’s US October sales rise on demand for pickup trucks despite EV decline

(Reuters) – Ford on Monday reported a 1.6% rise in U.S. sales in October, as a rise in demand for pickup trucks offset falling electric vehicle volumes.

U.S. President Donald Trump’s tax and spending bill ended the $7,500 tax credits for new EV purchases last month, leading to a temporary surge in sales during the third quarter. Continue reading “Ford’s US October sales rise on demand for pickup trucks despite EV decline”

Canada says it is launching dispute settlement proceedings against Stellantis

Canada says it is launching dispute settlement proceedings against Stellantis

OTTAWA, (Reuters) – Canada is launching dispute settlement proceedings against auto manufacturer Stellantis over its decision to shift production from a Canadian plant to one in the United States, Industry Minister Melanie Joly said on Monday.

Stellantis said last month it would to move its Jeep Compass production from the Ontario city of Brampton to the U.S., prompting a threat of legal action from Canada. Continue reading “Canada says it is launching dispute settlement proceedings against Stellantis”

Price-fixing lawsuits mount against US fire truck manufacturers

Price-fixing lawsuits mount against US fire truck manufacturers

(Reuters) – Oshkosh and two other fire truck manufacturers are facing a growing number of lawsuits alleging they took part in a nationwide price-fixing scheme that caused local and municipal fire departments to pay inflated prices for emergency vehicles.

Newstead Fire Company, based in western New York, lodged the latest case on Friday in federal court in Wisconsin, where two other proposed class actions are already pending. Continue reading “Price-fixing lawsuits mount against US fire truck manufacturers”

Contact Us
World Auto Forum (WAF) – Privacy Policy

World Auto Forum (WAF) – Privacy Policy

World Auto Forum (WAF) is owned and operated by WAF Garage Ventures Pvt. Ltd. The trademark “World Auto Forum” is owned by Anuj Guglani.
This Privacy Policy explains how WAF collects, uses, shares, and protects your personal information when you use our websites, software, and related services (“Services”).

By using WAF Services, you agree to the terms of this Privacy Policy.


1. Information We Collect

We collect and use the following types of information to provide, improve, protect, and promote our Services:

a. Account Information

When you sign up for a WAF account or upgrade to a paid plan, we collect information such as your name, email address, and any other details you provide.

b. Contacts

If you choose to give us access to your contacts (for example, to invite or collaborate with others), we store those contacts securely on our servers for your use.

c. Usage Information

We collect information about how you use our Services — including actions such as viewing, sharing, editing, or creating files. This helps us improve performance, user experience, and security.

d. Device Information

We collect information about devices you use to access WAF, including IP address, browser type, device identifiers, referring pages, and possibly location data (depending on your device settings).

e. Cookies and Similar Technologies

We use cookies and pixel tags to enhance and personalize your experience. Cookies help us remember you, analyze traffic, and improve our Services.
You can disable cookies in your browser, though some features may not function properly.

f. Marketing Communications

We may send marketing emails about service upgrades or new features. You can opt out anytime by clicking “unsubscribe” in any marketing email.


2. How We Use Your Information

We use your information to:

  • Provide, maintain, and improve our Services;

  • Communicate with you, including for support and updates;

  • Detect, prevent, and address technical issues or misuse;

  • Comply with legal obligations.

We only process personal data when it’s necessary to deliver our Services or when we have your consent.


3. Data Security

WAF relies on hosting and infrastructure security provided by third-party service providers (“as received from service provider” basis).
While we take reasonable precautions, no storage system or transmission over the internet is 100% secure. WAF does not guarantee absolute data security and cannot be held liable for data breaches or losses resulting from third-party service providers.


4. Information Sharing

We do not sell your personal data to advertisers or third parties.

We may share your information with:

  • Trusted third-party service providers who assist with customer support, IT, or analytics.

  • Collaborators and team members within your organization when using WAF’s shared tools.

  • Legal authorities, if required to comply with laws, prevent fraud, protect safety, or respond to lawful requests.

WAF remains responsible for ensuring that third-party partners process your data according to our instructions.


5. Your Rights and Controls

You have control over your personal data and can:

  • Access or update your personal information through your WAF account;

  • Download or delete your data;

  • Object to certain types of processing;

  • Delete your WAF account, after which we’ll remove your stored data within 30 days (subject to legal or operational retention requirements).

For data access or deletion requests, contact anuj@waf.bz.


6. Data Retention

We retain your data for as long as your account is active or as required to provide Services. Deleted data may remain in backups for a limited period due to latency or technical constraints.


7. International Data Transfers

Your data may be processed or stored in India or other countries where WAF or its partners operate.
By using WAF, you consent to such transfers, which may include countries outside your own.


8. Third-Party Services

Our Services may integrate with or rely on third-party SaaS providers. WAF is not responsible for:

  • Data loss, corruption, or breaches caused by third-party providers;

  • Service interruptions or negligence of external vendors;

  • Malware or viruses transmitted via external platforms.

Users should maintain up-to-date antivirus protection and report any issues promptly to anuj@waf.bz.


9. Children’s Privacy

WAF Services are not directed to individuals under 18. We do not knowingly collect data from minors. If you believe a minor has provided personal data, please contact us to delete it.


10. Updates to This Policy

This Privacy Policy may be updated from time to time. Users are responsible for reviewing this page periodically. Continued use of WAF Services after any update constitutes acceptance of the revised policy.


11. Contact Information

For questions, concerns, or data-related requests, please contact:
đź“§ hi@waf.bz or anuj@waf.bz


12. Legal Jurisdiction

All disputes or claims related to this Privacy Policy or WAF Services are subject exclusively to the jurisdiction of the courts of New Delhi, India.

EVs put an end to China’s usual holiday surge in gasoline use

EVs put an end to China’s usual holiday surge in gasoline use

BEIJING, (Reuters) – Tianyu Jiang took a 2,000-km (1,200-mile) road trip this month during China’s national holiday week, driving in his electric vehicle from the southwestern Sichuan basin to Beijing for the first time.

“I used to drive a petrol car and had never taken an EV for such a big trip, but long-distance driving for an EV doesn’t feel like a problem anymore,” Jiang said. Continue reading “EVs put an end to China’s usual holiday surge in gasoline use”

Hyundai Motor keen to take part in Indonesian national car plan, ministry says

Hyundai Motor keen to take part in Indonesian national car plan, ministry says

JAKARTA, (Reuters) – South Korea’s Hyundai Motor is interested in participating in Indonesia’s plan to develop its own national car, Indonesia’s economic ministry said on Friday.

Indonesian President Prabowo Subianto said on October 20 that Indonesia was planning to fully manufacture its own national car in the next three years, with a budget already allocated and land prepared for the factories. Continue reading “Hyundai Motor keen to take part in Indonesian national car plan, ministry says”

Exclusive: Nexperia cuts wafer supplies to Chinese plant, ratcheting up chip disruptions

Exclusive: Nexperia cuts wafer supplies to Chinese plant, ratcheting up chip disruptions

Summary

  • Nexperia suspends wafer shipments, citing lack of payment
  • Automakers alarmed over possible impact on production
  • Nexperia seeking alternative solutions to keep customers supplied

BEIJING/TAIPEI, (Reuters) – Dutch chipmaker Nexperia has suspended supplies of wafers to its Chinese assembly plant, according to a letter addressed to its customers that was reviewed by Reuters, which could exacerbate a supply squeeze that is worrying automakers worldwide.

The letter, dated October 29 and signed by Nexperia interim CEO Stefan Tilger, said the October 26 suspension affecting its plant in Dongguan, in southern China’s Guangdong province, was “a direct consequence of the local management’s recent failure to comply with the agreed contractual payment terms.” Continue reading “Exclusive: Nexperia cuts wafer supplies to Chinese plant, ratcheting up chip disruptions”

Toyota does not face immediate chip shortage from Nexperia, CEO says

Toyota does not face immediate chip shortage from Nexperia, CEO says

TOKYO, (Reuters) – Toyota Motor does not face an immediate chip shortage from recent Chinese export restrictions related to chipmaker Nexperia, even as the Japanese automaker is carefully watching risks to production, Chief Executive Koji Sato said.

“I do think there’s some risk, but it’s not like we’re facing shortages tomorrow,” Sato told reporters at the Japan Mobility Show in Tokyo on Wednesday afternoon. Continue reading “Toyota does not face immediate chip shortage from Nexperia, CEO says”

Volkswagen secures credit lines from Brazil’s BNDES to boost hybrids

Volkswagen secures credit lines from Brazil’s BNDES to boost hybrids

SAO PAULO, (Reuters) – Volkswagen said on Friday it has secured 2.3 billion reais ($425.62 million) in credit lines from Brazil’s state development bank BNDES to boost the development of hybrid vehicles and expand exports from its Brazilian operations.

The company said that the funds will be used to support its plan to offer hybrid versions of all new vehicles developed and manufactured in South America starting in 2026. Continue reading “Volkswagen secures credit lines from Brazil’s BNDES to boost hybrids”

Stellantis has set up ‘war room’ to manage Nexperia chip crisis, CEO says

Stellantis has set up ‘war room’ to manage Nexperia chip crisis, CEO says

MILAN, (Reuters) – Stellantis has set up a “war room” to address possible chip shortages stemming from issues at Dutch group Nexperia linked to the U.S.-China trade war, the automaker’s CEO said on Thursday.

“We are monitoring day-by-day the chip situation from Nexperia,” Chief Executive Antonio Filosa told analysts in a call to discuss third quarter performance. Continue reading “Stellantis has set up ‘war room’ to manage Nexperia chip crisis, CEO says”

Ford to make new engines in India with $370 million investment, Bloomberg News reports

Ford to make new engines in India with $370 million investment, Bloomberg News reports

(Reuters) – Ford is planning to invest about 32.50 billion Indian rupees ($369.76 million) in India to make new engines, Bloomberg News reported on Thursday, citing a person familiar with the matter.

The report said the Maraimalai Nagar manufacturing site in the southern Indian state of Tamil Nadu would be retooled to make high-end engines for export markets with an annual capacity of over 200,000 units. Continue reading “Ford to make new engines in India with $370 million investment, Bloomberg News reports”

Jio-bp sets up 28 EV charging points at its Devanahalli retail outlet

Jio-bp sets up 28 EV charging points at its Devanahalli retail outlet

Source : PTI | Jio-bp on Thursday announced the launch of an integrated mobility hub with 28 EV charging points within a retail outlet at Devanahalli in Bengaluru.

The Devanahalli outlet with a multi-fuel retail site offering petrol, diesel, CNG, and a wildbean cafe now adds an EV charging hub, featuring superfast DC chargers with 28 charging points dispensing up to 360kW, Jio-bp said. Continue reading “Jio-bp sets up 28 EV charging points at its Devanahalli retail outlet”

China grants licences to Indian companies to import rare earth magnets

China grants licences to Indian companies to import rare earth magnets

Source : PTI | China has granted licences to certain Indian companies to import rare earth magnets, the Ministry of External Affairs (MEA) said on Thursday.

China’s decision to ease restrictions on supply of rare earth minerals to India came amid efforts by the two sides to normalise the bilateral ties that came under severe strain following the over four-year military face-off along the LAC in eastern Ladakh.

Continue reading “China grants licences to Indian companies to import rare earth magnets”

All MG Cars in India to Come Equipped with PM 2.5 Filters

All MG Cars in India to Come Equipped with PM 2.5 Filters

by WAF Auto News

New Delhi, October 30, 2025 – MG Motor India today announced that all its vehicle models will now come equipped with PM 2.5 cabin air filters as standard, reinforcing the company’s commitment to customer health and environmental sustainability.

The announcement comes amid rising air pollution levels across major Indian cities. The inclusion of PM 2.5 filters aims to significantly improve in-cabin air quality by removing fine particulate matter, dust, smoke, and pollutants smaller than 2.5 micrometers — known to be hazardous to human health.

An MG Motor India spokesperson said, “Our customers’ well-being is at the core of every innovation we introduce. With PM 2.5 filters now standard across our lineup, we aim to ensure a cleaner and safer driving experience for all MG owners, regardless of model or segment.”

Continue reading “All MG Cars in India to Come Equipped with PM 2.5 Filters”

NHTSA opens probe into 583,600 Honda vehicles over safety issues

NHTSA opens probe into 583,600 Honda vehicles over safety issues

(Reuters) – The U.S. National Highway Traffic Safety Administration (NHTSA) has launched separate investigations into about 583,600 Honda vehicles over potential defects involving rear seatbelt warnings and inadvertent airbag deployments.

The regulator is examining 142,600 units of the 2023-2024 Honda Pilot SUV for a possible malfunction in the rear seatbelt warning system, which may incorrectly alert drivers about passenger seatbelt usage. Continue reading “NHTSA opens probe into 583,600 Honda vehicles over safety issues”

BorgWarner beats third-quarter profit estimates on turbo, powertrain demand

BorgWarner beats third-quarter profit estimates on turbo, powertrain demand

(Reuters) – Auto parts supplier BorgWarner topped analysts’ expectations for third-quarter profit on Thursday, aided by strong demand for its turbochargers and powertrains.

Shares of the company, which counts Ford and Volkswagen as customers, were up about 2.5% in premarket trading.

The Trump administration’s sweeping tariffs initially hurt suppliers such as BorgWarner, which employed cost-saving measures to cushion the blow, but demand for efficient turbochargers and powertrains has remained steady from automakers continuing to ramp up production. Continue reading “BorgWarner beats third-quarter profit estimates on turbo, powertrain demand”

Nissan expects $1.8 bln annual operating loss, concerned about supply chain risks

Nissan expects $1.8 bln annual operating loss, concerned about supply chain risks

TOKYO, (Reuters) – Nissan Motor said on Thursday it expects to book a 275 billion yen ($1.82 billion) in annual operating losses due to the impact of U.S. tariffs and warned that supply chain risks would be the biggest headwind in its fiscal second half.

The automaker expected the hit from tariffs would be 25 billion yen smaller in the second half of the fiscal year to March 2026, as Japan reached a trade deal with the U.S. that has lowered levies on Japanese cars to 15%. Continue reading “Nissan expects $1.8 bln annual operating loss, concerned about supply chain risks”

Jeep maker Stellantis disappoints investors as charges, supply risks cloud outlook

Jeep maker Stellantis disappoints investors as charges, supply risks cloud outlook

Summary

  • Company reiterates H2 guidance but shares fall
  • Charges expected from hybrid shift and warranty extensions
  • Semiconductor crunch looms for industry
  • Revenues up 13% in Q3, first growth in 7 quarters

MILAN, (Reuters) – Automaker Stellantis warned about upcoming charges on Thursday related to changes in regulation, its strategy and product plans, stirring investor concerns about its outlook and knocking the Jeep maker’s shares down by as much as 6.5%.

The Franco-Italian company reported a 13% rise in third-quarter revenue, its first top-line growth after seven quarters, and reiterated its forecasts for higher revenue, improving cash flow and low-single digit margins in the second half. Continue reading “Jeep maker Stellantis disappoints investors as charges, supply risks cloud outlook”

Exclusive: Toyota steps up India expansion with new SUVs, rural push as profit surges

Exclusive: Toyota steps up India expansion with new SUVs, rural push as profit surges

Summary

  • Toyota to launch 15 new and refreshed models in India by 2030
  • New model line-up to include 2 SUVs and a pickup truck, source says
  • Deepening its rural network is a key part of Toyota’s strategy
  • Toyota has said it plans to invest $3 billion to expand India production

TOKYO, (Reuters) – Toyota plans to launch 15 new and refreshed models in India by the end of the decade while deepening its rural network, sources said, as record profits in the country make the market increasingly important.

Battered by stiff local competition in China, several global automakers have set their sights on India as a market worthy of heavy investment, especially given surging economic growth that has averaged 8% over the past three fiscal years. Continue reading “Exclusive: Toyota steps up India expansion with new SUVs, rural push as profit surges”

Volkswagen skids into the red on $5.8 billion US tariff hit, Porsche woes

Volkswagen skids into the red on $5.8 billion US tariff hit, Porsche woes

Summary

  • Tariff hit at up to 5 billion euros in 2025
  • Q3 operating loss 1.3 billion euros
  • Shares down 1%
  • Porsche’s strategy reversal adds 4.7 billion euros in charges
  • Volkswagen maintains guidance despite chip supply concerns

BERLIN, (Reuters) – An expensive course correction at subsidiary Porsche dealt Volkswagen a hefty blow in the third quarter, resulting in a 1.3-billion-euro ($1.5 billion) operating loss and piling billions more in costs on top of pressure from U.S. tariffs.

Volkswagen booked 4.7 billion euros in charges due to Porsche’s strategy reversal on electric vehicles announced in September, while U.S. import tariffs and subsequent lower sales were expected to cost Europe’s biggest carmaker up to 5 billion euros this year, the company said on Thursday. Continue reading “Volkswagen skids into the red on $5.8 billion US tariff hit, Porsche woes”

Trump trade: Japanese automakers may import some of their own US-built cars

Trump trade: Japanese automakers may import some of their own US-built cars

Summary

  • Japanese automakers consider reverse imports to ease US trade tensions
  • Reverse imports seen as symbolic, not economically impactful
  • Government help needed to harmonize safety standards for imports

TOKYO, (Reuters) – Japanese automakers are considering importing some of their U.S.-built cars to Japan – a costly and impractical move that comes as Tokyo tries to placate President Donald Trump over its vast trade surplus with the United States.

Uneven trade with Japan has long been a sore point for Trump, and new Prime Minister Sanae Takaichi’s government has been hashing out plans to buy some Ford F-150s – oversized pickups so impractical for narrow Japanese roads that they may end up just being used as snowplows, Reuters has reported. Continue reading “Trump trade: Japanese automakers may import some of their own US-built cars”

India key market for future growth, along with US, Japan: Honda

India key market for future growth, along with US, Japan: Honda

Source : PTI | Japanese auto major Honda considers India a key market for its future growth alongside the US and Japan, according to Honda Cars India President and CEOTakashi Nakajima.

The Tokyo-headquartered automaker, which operates in India through a wholly owned subsidiary, plans to drive in more SUVs in the country, as the segment continues to see robust sales across varied price points. Continue reading “India key market for future growth, along with US, Japan: Honda”

Ford recalls nearly 175,000 vehicles in US for moonroof defect, NHTSA says
Mercedes beats auto margin estimates thanks to premium sales

Mercedes beats auto margin estimates thanks to premium sales

Summary

  • Sales of top-end models rose 10% in third quarter
  • ‘Hyper-competition’ in China is not going away, CEO says
  • Redundancy payouts hit operating profit
  • Company continues share buyback
  • Shares hit seven-month high

BERLIN/FRANKFURT, (Reuters) – German carmaker Mercedes-Benz on Wednesday reported stronger than expected margins at its core autos business as improved sales of premium models helped to offset one-off charges related to job cuts as well as declining sales in China.

Like rivals including Porsche and BMW, Mercedes faces particular challenges in the Chinese premium and luxury market, where a price war driven by local carmakers is hitting demand, while U.S. import tariffs also weigh. Continue reading “Mercedes beats auto margin estimates thanks to premium sales”

Elon Musk’s $1 trillion pay deal draws ire of labor unions, others as shareholder vote nears

Elon Musk’s $1 trillion pay deal draws ire of labor unions, others as shareholder vote nears

Summary

  • Opposition from unions, Democratic leaders against Musk’s pay package
  • Pension plan in Republican-led Florida supports Musk payout
  • Tesla retail investors could be a factor

(Reuters) – Tesla critics hope to block the stratospheric compensation proposed for CEO Elon Musk but face an uphill fight.

Investors in the electric vehicle maker will decide on November 6 whether to approve the pay package that is potentially worth $1 trillion – likely the largest-ever CEO compensation agreement. Tesla’s board is pushing for shareholders to approve the plan, with Chair Robyn Denholm warning on Monday that Musk could leave if the deal is rejected. Continue reading “Elon Musk’s $1 trillion pay deal draws ire of labor unions, others as shareholder vote nears”

China signals it will pull plug on subsidies for EVs with five-year plan exclusion

China signals it will pull plug on subsidies for EVs with five-year plan exclusion

Summary

  • Beijing omits NEVs from strategic industries in 5-year plan
  • Inclusion in previous plans saw billions of subsidies pour into sector
  • China’s EV industry now world leading, seen as mature – analysts
  • China EV exports surging
  • Market to play a bigger role in deciding who survives

SHANGHAI/BEIJING, (Reuters) – China has sent a clear signal that it is willing to pull the plug on subsidies for its electric vehicle industry after years of big-ticket government support fuelled a boom that has left the world’s second-largest economy saddled with vast oversupply, prompting it to push into global car markets.

Top policymakers omitted electric vehicles from their list of strategic industries in their recent five-year development plan for 2026-2030, the industry’s first exclusion in more than a decade. Continue reading “China signals it will pull plug on subsidies for EVs with five-year plan exclusion”

GM to cut EV, battery production and 1,200 jobs at Detroit plant

GM to cut EV, battery production and 1,200 jobs at Detroit plant

Summary

  • To drop to one shift from two at Detroit EV plant in January
  • GM’s latest EV cuts come amid slowing demand
  • UAW blasts GM decision to cut workers

DETROIT, (Reuters) – General Motors said on Wednesday it will cut U.S. electric vehicle and battery production and 1,200 factory jobs at its EV plant in Detroit along with 550 jobs at an Ohio battery plant as the automaker responds to a significant slowdown in demand for its battery cars.

The Detroit automaker said it will halt battery cell production at its two U.S. joint-venture battery plants – in Tennessee and Ohio – in January for about six months. It added it will also temporarily lay off about 1,550 workers at the battery factories. Continue reading “GM to cut EV, battery production and 1,200 jobs at Detroit plant”

Automakers hunt high and low for chips as supply crisis worsens

Automakers hunt high and low for chips as supply crisis worsens

Summary

  • Nissan and Mercedes-Benz face uncertain chip supplies
  • China bans Nexperia exports after Dutch government seizes control
  • Automakers consider production stoppages, alternative parts amid shortages

TOKYO/BERLIN, (Reuters) – Global automakers are scrambling to find chips and checking with suppliers to see if they have enough stockpiled, as a deepening semiconductor supply crunch related to Dutch firm Nexperia threatens car production across the industry.

Beijing banned exports of Nexperia’s products from China after the Dutch government seized control of the chipmaker last month, citing concerns about the transfer of technology to its Chinese parent, Wingtech, which has been flagged by the U.S. as a possible national security risk. Continue reading “Automakers hunt high and low for chips as supply crisis worsens”

BYD’s mini-car ambitions may be a wake-up call for Japan

BYD’s mini-car ambitions may be a wake-up call for Japan

Summary

  • BYD will debut new made-for-Japan ‘kei’ EV at mobility show
  • Pint-sized kei cars are popular with cost-conscious drivers
  • Government officials watching challenge with concern, sources say
  • Japan will not resort to protectionism, government officials say

TOKYO, (Reuters) – BYD’s Japanese mini-car will not go on sale until the end of next year, but it has already created buzz – at least among officials in Tokyo worried about the challenge from China’s biggest automaker. Continue reading “BYD’s mini-car ambitions may be a wake-up call for Japan”