Summary

• Indexes mixed: Dow up 0.5%, S&P 500 flat, Nasdaq down 0.3%
• Super Micro surges after strong business update
• AT&T jumps after strong wireless subscriber additions in Q2
• Alphabet, Tesla to report Q2 results after the bell

(Reuters) – U.S. stock indexes were mixed on Wednesday, as ​weakness in chip shares soured sentiment ahead of the first batch of Big Tech earnings that could decide the ‌durability of Wall Street’s AI-driven rally. Continue reading “Wall St mixed as caution builds ahead of Big Tech earnings”

Summary

• Volkswagen aims to start Level 3 deliveries in China in second half of 2027
• Agreement ​gives CARIZON access to Horizon Robotics’ AI
• Partnership also to boost Level 4 ‌development for robotaxis

BERLIN, (Reuters) – Volkswagen said on Wednesday its China-based automated driving unit CARIZON will deepen its partnership with Horizon Robotics to speed up development of advanced self-driving technologies. Continue reading “Volkswagen’s CARIZON and Horizon Robotics deepen self-driving partnership in China”

BEIJING, (Reuters) – Shanghai authorities said on Wednesday it convened major automakers, dealer groups ​and internet platforms to reinforce compliance ‌requirements as part of a campaign to regulate online information dissemination in the automotive ​sector. Continue reading “Shanghai holds compliance guidance meeting with automakers including Tesla, BYD”

Summary

• Bill would bar sales by automakers more than 15% owned by Chinese entities
• Provision would apply to Mercedes-Benz, which has nearly 20% Chinese ownership
• Rules cover Bluetooth, Wi-Fi, cellular connectivity and some satellite communications technologies
• Battery management ​software remains disputed as automakers push for changes before committee vote

(Reuters) – The U.S. Senate Commerce Committee is set to consider bipartisan legislation to toughen a U.S. government ban on Chinese automakers entering the American market, but some provisions remain under debate ahead of ​an expected vote Wednesday. Continue reading “US Senate panel to vote on Chinese vehicle crackdown bill”

Mumbai, 21 July 2026 – Škoda Auto India has expanded its Slavia range with the Slavia Monte Carlo receiving two new exclusive colour options – Shimla Green and Steel Grey. They are both offered in a distinctive dual-tone finish. Exclusive to just 200 units, these limited colour editions of the Slavia Monte Carlo combine the sedan’s dynamic design and engaging driving experience with the brand’s Rallye Monte Carlo heritage. The addition lends an even stronger visual presence and is aimed at customers seeking a more distinctive and exclusive ownership experience. Continue reading “Limited edition Škoda Slavia Monte Carlo adds new colours”

(Reuters) – Nissan is recalling 168,149 vehicles ​in the U.S., ‌as the Gross Axle Weight Rating (GAWR) ​listed on the ​certification label is incorrect, ⁠which can ​allow the vehicle ​to be overloaded, the National Highway Traffic Safety ​Administration (NHTSA) said ​on Tuesday.

The recall affects certain ‌Nissan ⁠Armada, Infiniti QX56, and QX80 vehicles, the regulator ​said. Continue reading “Nissan to recall about 168,000 US vehicles over incorrect weight rating labels”

(Reuters) – Mobileye Global will supply Stellantis with cloud-driven advanced driver-assistance technology, the Israeli company ​said on Tuesday, as automakers race to meet rising ‌demand for connected safety systems.

The ADAS hardware maker’s shares were up about 6% in premarket trading. Continue reading “Mobileye to supply Stellantis with cloud-based driver assistance technology”

WASHINGTON, (Reuters) – U.S. Treasury ‌Secretary Scott Bessent said on Tuesday that the 50% tariffs on a ​range of imports from ​Canada were “reciprocity” for trade actions by ⁠Ottawa on U.S. dairy, ​alcohol and beverages.

U.S. President Donald Trump ​on Monday announced tariffs on nearly $20 billion worth of Canadian goods over the northern ​neighbor’s retaliatory tariffs on ​U.S. autos, steel, aluminum and liquor and ‌its ⁠high dairy tariffs. Continue reading “US Treasury’s Bessent tells Fox Business 50% Canada tariffs are ‘reciprocity’”

(Reuters) – Tesla on Tuesday expanded its robotaxi service to Orlando and Tampa, as the electric-vehicle ​maker races to prove that it can ‌scale its autonomous ride-hailing business beyond its initial launch markets.

The move comes a day before Tesla reports second-quarter ​earnings, with Wall Street closely watching the ​progress on robotaxis, which underpin much of ⁠the company’s valuation as CEO Elon Musk shifts ​focus toward artificial intelligence, autonomous driving and humanoid ​robots. Continue reading “Tesla expands robotaxi service to Orlando, Tampa ahead of earnings”

Summary

• US, Mexico launch third round of trade deal talks without Canada
• Mexico’s new ambassador to US expects USMCA deal by year-end
• USTR Greer says Trump’s ‘No. 1 goal’ is to lower trade deficits with Mexico and Canada
• Talks in Mexico City to revisit autos content, regional barriers to Chinese goods

MEXICO CITY, (Reuters) – U.S. ​and Mexican trade negotiators launched a third round of bilateral talks on Tuesday to try to revise the North American trade agreement, just as President Donald Trump said ‌he would impose new duties on Canada. Continue reading “US, Mexico resume USMCA trade talks as Trump hits Canada with new tariffs”

Summary

• Heavy outlays target AI infrastructure, robotaxis and Optimus
• Barclays says stronger vehicle operations can help finance AI-related expenditures
• Quarterly update may show first cash burn in over two years

(Reuters) – Tesla is expected to report its first quarterly cash burn in over two ​years on Wednesday, as its spending on AI and robotics soars, intensifying investor scrutiny over when those bets will pay ‌off. Continue reading “Tesla cash burn to test investor faith in AI bets”

Summary

• Rule bans Chinese connectivity software from 2027 models and hardware from model-year 2030
• Eagle Wireless is one of few U.S. suppliers of connectivity modules
• Shifting sourcing away from China can raise module costs by 5% to 15%

SOLON, Ohio, (Reuters) – A nondescript facility south of Cleveland has become an early staging ground for the auto industry’s next supply-chain pivot: replacing vehicle hardware from China. Continue reading “U.S. auto industry races to purge Chinese connected-car hardware amid federal push”

Madhus Garage Equipment, in association with Hunter Engineering, officially launched the Hunter Road Force WalkAway and Hunter Revolution WalkAway for the Indian market during an exclusive customer event held at JW Marriott, Bengaluru, on Jul 15, 2026.

The event was hosted by Madhus Garage Equipment under the leadership of Nikhil B, Managing Director, and Ravi B.M, Chairman, with participation from Tom Gant, Regional Manager, Hunter Engineering, along with customers, dealers, workshop owners, OEM representatives and automotive professionals from across India. Continue reading “Madhus Garage Equipment and Hunter Engineering Launch Road Force WalkAway and Revolution WalkAway in India”

Source : PTI | In less than four months since its launch, the Mukhyamantri Gram Parivahan Yojana has covered 56 of Uttar Pradesh’s 75 districts, where bus services have been launched on rural routes, officials said on Sunday.

The Mukhyamantri Gram Parivahan Yojana was approved during a Cabinet meeting in March. Under the scheme, bus services are being extended to villages and rural routes where regular public transport was previously unavailable. Continue reading “UP rolls out rural bus scheme across 56 districts, deploys 215 mini buses”

Source : PTI | Hinduja group flagship firm Ashok Leyland expects the domestic commercial vehicles market to grow in single digit this fiscal as demand continues to be buoyant despite headwinds due to the West Asia war.

The diesel price hikes have had an impact on demand initially but have now stabilised, Ashok Leyland President MHCV, Sanjeev Kumar, told PTI here.

Continue reading “Ashok Leyland expects single-digit CV industry growth in FY27”

SEOUL, (Reuters) – Samsung Electronics said on Tuesday it ​will set up a robotics division reporting directly ‌to the chief executive to accelerate development and commercialisation in the field and establish robotics as a growth engine.

The South Korean conglomerate ​said the RX, or “Robotics eXperience”, division will oversee its ​mid-to-long-term robotics strategy, core technology development and business ⁠execution, while expanding research capabilities at home and overseas. Continue reading “Samsung Electronics creates robotics division; ex-Hyundai executive to head strategy”

Summary

• Chinese brands captured 17% of Mexico’s new vehicle sales, up from 14% a year earlier and 7% in 2022
• Chinese-brand vehicle sales rose to 137,525 in the first half, distributor data showed
• Deputy Minister Gutierrez said figures misleading, imports are down since tariffs

MEXICO CITY, (Reuters) – Mexican sales of Chinese-brand vehicles jumped nearly 30% in the first six months of the year despite steep ‌tariffs imposed in January that were intended to slow the rise of Asian imports, according to a sales report obtained by Reuters. Continue reading “Chinese car sales in Mexico surge despite new tariffs”

Source : PTI | Delhi Mayor Pravesh Wahi on Saturday flagged off 135 electric sanitation vehicles for the Municipal Corporation of Delhi (MCD), with 46 of them set to join the sanitation fleet in the Rohini zone.

The vehicles will be deployed in the Rohini, Narela, Civil Lines and Keshav Puram zones, the MCD said. Continue reading “Delhi mayor flags off 135 electric sanitation vehicles”

WASHINGTON, (Reuters) – Amazon.com self-driving car unit Zoox said Friday it will recall its fleet of 105 autonomous vehicles because they may ​not detect heavy smoke and could impede emergency personnel.

Last week, the ‌top U.S. auto safety official said self-driving car companies must quickly address a “clear pattern” of driverless vehicles interfering with law enforcement and other first responders that had raised significant safety concerns. Continue reading “Zoox recalls self-driving cars because they may not detect smoke”

Summary

• ASML would need shares at some $2,600 for $1 tril market value
• ASML is nearly sold out of flagship EUV systems for 2027
• Shares trade at 38 times 2027 earnings, above most chipmakers

AMSTERDAM, (Reuters) – The global artificial intelligence boom has propelled ASML to the top of Europe’s stock market, as soaring ​demand for AI computer chips flows to the Dutch company that dominates the market for the equipment needed to make them. Continue reading “Could AI chip boom make ASML Europe’s first trillion-dollar firm?”

(Reuters) – Models of battery electric vehicles (BEVs) became more affordable in Germany ​between 2020 and 2025, data ‌from research organizations the International Council on Clean Transportation and Fraunhofer ISI showed.

The ​average BEV price, however, rose ​during the same period, reflecting a ⁠shift in model offerings toward ​larger, more expensive cars. Continue reading “Electric cars became cheaper in Germany despite rising average prices”

Source : PTI | Himachal Pradesh Deputy Chief Minister Mukesh Agnihotri on Thursday said all formalities regarding the running of electric buses were being completed, and they would be made operational very soon.

Presiding over the 163rd meeting of the board of directors of the Himachal Pradesh Road Transport Corporation (HRTC) here, Agnihotri, who also holds the transport portfolio, said four new e-depots being constructed in the state would also be made functional at the earliest. Continue reading “E-buses, four new depots to become operational soon: Deputy CM Mukesh Agnihotri”

Source : PTI | National Capital Region Transport Corporation (NCRTC) has commissioned a high-capacity electric vehicle (EV) charging station at the New Ashok Nagar Namo Bharat station, expanding its EV charging network to nine stations across the corridor.

The facility, among the largest public ultra-fast EV charging stations in Delhi, has 14 digital charging points, including seven 240 kW chargers, four 360 kW ultra-fast chargers and three 480 kW ultra-fast chargers designed for heavy-duty electric vehicles, according to NCRTC. Continue reading “High-capacity EV charging station opens at New Ashok Nagar Namo Bharat station in Delhi”

Source : PTI | The Goa government plans to offer up to 50 per cent subsidy on electric vehicles for licensed motorcycle pilots and autorickshaw operators to accelerate the state’s transition to clean mobility, Chief Minister Pramod Sawant has said.

Chairing a high-level meeting on Sustainable Transport Strategy, Sawant on Friday directed the Department of New and Renewable Energy to finalise the subsidy scheme and draft a policy to transition industrial establishments to cleaner energy alternatives. Continue reading “Goa govt plans up to 50% subsidy on EVs for bike taxi, autorickshaw operators”

BEIJING, (Reuters) – China’s ​industry ministry on Friday called ‌on automakers to resist “irrational competition” and ensure the safety of cars, ​car parts and assisted ​and autonomous driving systems, a ⁠statement from the ministry ​showed.

• Automakers should search for issues ​in production consistency, reliability and durability, and fully assess safety risks when ​rolling out new designs ​and products, the ministry told key automakers ‌in ⁠a meeting.
• The companies must not engage in “exaggerated or false advertising,” it added.
• The ministry further ​urged companies ​to “strengthen ⁠safety assessments of combined driver-assistance and autonomous ​driving features,” and said ​authorities ⁠will step up oversight and inspection of production consistency and ⁠quality.
• Violators ​will be penalised, ​it said.

Continue reading “China tells automakers to boost safety, quality checks”

Summary

• North America truck orders up 122% after years of weakness
• Volvo raises 2026 European truck market forecast
• Lower R&D spend helps offset U.S. tariffs, higher costs

STOCKHOLM, (Reuters) – Swedish truckmaker Volvo Group reported on Friday a 35% rise in second-quarter profit and said order intake in North America more than doubled after years of sluggish demand. Continue reading “Truckmaker Volvo’s second-quarter profit rises, North America orders jump”

Source : PTI | Petrol and diesel sales by India’s three state-run fuel retailers rose sharply in the first half of July, helped by below-normal monsoon rainfall that boosted fuel demand from farmers and motorists, preliminary sales data showed on Thursday.

Petrol sales by Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) climbed 22.9 per cent to 1.63 million tonnes during July 1-15, compared with 1.33 million tonnes in the corresponding period a year earlier. Continue reading “Petrol, diesel sales jump in first half of July on delayed monsoon boost”

Summary

• Manufacturing topped June short targets, three more picks than in May
• Hazeltree data listed Canadian Solar, Toyota and Puma among manufacturing short bets
• Strait vessel flows collapsed more than 90% at peak disruption, LSEG data showed

LONDON, July 16 (Reuters) – Global hedge funds bet heavily against manufacturing stocks in June, data from Hazeltree ‌shows, as investors grew more concerned about supply-chain disruption from renewed tensions around the Strait of Hormuz. Continue reading “Shortsellers take aim at manufacturing in June amid supply chain stress, Hazeltree data shows”

WASHINGTON, (Reuters) – The National ​Highway Traffic Safety Administration on Thursday said it was denying ‌a 2024 petition filed by Tesla to avoid a recall fix for nearly 20,000 vehicles with headlights that may exceed maximum lighting levels.

Tesla argued the issue ​was inconsequential to motor vehicle safety and did not require ​a recall or notification to consumers. NHTSA said it disagreed ⁠with Tesla’s conclusion that there is no increased risk of ​glare for surrounding traffic or the driver of the vehicle. The recall ​covers about 19,900 2017-2023 model year Tesla Model 3 and Tesla Model Y vehicles, NHTSA said. Continue reading “US agency denies Tesla petition to avoid recall fix over headlight issue”

Summary

• Debt crackdown on local governments slows investment
• Local government spending led to overcapacity, waste
• Beijing strengthens control over investment decisions
• No new major stimulus needed for faster infrastructure build-out
• Beijing bets on productivity gains, misallocation risks remain

(Reuters) – China can stabilise economic growth this year by accelerating already-budgeted national infrastructure investment projects, economists and one government adviser said, reducing the likelihood of large-scale ​fiscal stimulus. Continue reading “China bets on faster state-backed projects to shore up growth, avoid broad stimulus”

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LONDON, (Reuters) – The full implementation of China’s rare earth export restrictions could put $6.5 trillion of downstream production outside the country at risk, the International ​Energy Agency warned on Thursday.

China, the world’s largest producer of ‌rare earths, expanded export controls in October last year to cover additional materials and introduced new licensing requirements, but later agreed to delay implementation for a year. Continue reading “China’s rare earth curbs endanger $6.5 trillion of Western industry, IEA says”

(Reuters) – Vertical Aerospace on Thursday it will partner with Near Earth Autonomy to ​equip its Valo aircraft with autonomous flight ‌capability, as the British electric aviation company expands into uncrewed defense and commercial operations.

The companies said Near ​Earth’s autonomous flight technology will be ​integrated with Honeywell Aerospace’s Anthem avionics system, ⁠already slated for the Valo aircraft. Continue reading “Vertical Aerospace taps Near Earth for autonomous aircraft tech”

Summary

• Boston Dynamics to be wholly owned subsidiary of Hyundai Motor Group
• Hyundai Motor Group to buy stake of about 10% from SoftBank
• Deal gives Hyundai greater leeway over Boston Dynamics

SEOUL, (Reuters) – Hyundai Motor Group on ​Thursday disclosed that it would make U.S. robotics company Boston Dynamics a wholly owned subsidiary by acquiring SoftBank Group’s stake ‌of around 10%, a move it said would help it deploy advanced robotics across its operations. Continue reading “Hyundai Motor Group to own Boston Dynamics in full with SoftBank stake buy”

BERLIN, (Reuters) – BMW has appointed Dorothea von Boxberg as its new board member for human resources, the German ​carmaker said in a statement on Thursday, outlining ‌her experience in “transformation processes” at a challenging time.

The executive board change, which was approved by the supervisory board, comes after BMW ​issued a shock profit warning under new CEO Milan Nedeljkovic ​last month and pledged further belt-tightening. Continue reading “BMW appoints new HR chief as it moves ahead with cost-cutting drive”

MILAN, (Reuters) – Stellantis’ premium brand Alfa Romeo will launch the first of its planned new models by the end ​of next year, the automaker’s head for Europe, ‌Emanuele Cappellano, said on Tuesday at an auto representative meeting at Italy’s Industry Ministry.

The new model, a mid-sized SUV, will be produced at ​Stellantis’ Melfi plant in southern Italy. Continue reading “Stellantis’ Alfa Romeo plans launch of new mid-sized SUV by end 2027”

Summary

• EQT AB offers to buy all Perpetual shares for A$22.07 apiece
• Perpetual says board is considering the revised proposal
• Perpetual has previously stared down bids from Regal Partners & Washington H Soul Pattinson

(Reuters) – Australia’s Perpetual said on Wednesday it received a sweetened A$2.5 billion ($1.75 billion) takeover proposal from Sweden’s EQT AB, less than two weeks after rejecting the private equity firm’s earlier offer, deeming it inadequate. Continue reading “EQT sweetens pursuit of Australia’s Perpetual with $1.75 billion bid”