Summary

• GM’s $1.6 billion charge linked to EV capacity adjustments
• GM may incur further charges due to capacity reassessment
• Automaker expects EV adoption to slow

(Reuters) – General Motors said on Tuesday it would take a $1.6 billion charge in the third quarter as it reshapes its electric vehicle strategy following the scrapping of a key federal incentive that is likely to dampen demand.

GM’s disclosure is one of the clearest indications yet that U.S. automakers are scrambling to adapt their production plans in response to slowing EV demand. Continue reading “GM to take $1.6 billion charge as tax credit blow muddies EV plans”

Summary

• Investment is the largest in the automaker’s history
• 5,000 jobs to be added in Midwest plants
• Belvidere plant reopening to create 3,300 jobs, produce Jeep models

(Reuters) – Stellantis announced a $13 billion investment in the U.S. on Tuesday, a move it said will bring five new models to the market and add 5,000 jobs in plants across the Midwest over the next four years.

The plan, which includes some previously disclosed investments, may help buffer Stellantis from U.S. President Donald Trump’s tariffs, which the automaker has said would cost it around $1.7 billion this year. Continue reading “Stellantis to invest $13 billion in the United States”

SEOUL, (Reuters) – South Korea’s industry minister said on Monday that the government had expressed concerns over Hyundai announcing multi-billion dollar U.S. investment plans at the same time as Seoul was involved in delicate trade negotiations with Washington.

“We told Hyundai that (its) conduct was deeply regrettable, especially considering that our efforts have been made for the sake of Hyundai and Kia’s industry,” South Korea’s Industry Minister Kim Jung-kwan told parliament in response to questions. Continue reading “South Korea says it flagged Hyundai US investment plan concerns”

(Reuters) – Credit rating agency Moody’s Ratings changed European automaker Stellantis’ ratings outlook to negative on Monday, though maintained its current ratings.

In their Monday report, opens new tab, Moody’s analysts outlined the financial risks facing the owner of Chrysler, Fiat, Jeep and other car brands. Continue reading “Moody’s puts Chrysler owner’s credit ratings on negative outlook”

Summary

• Leveraged ETF derivatives fueled Friday selloff
• JPMorgan analysts warn more ETF-related selling may follow
• Leveraged ETFs among hottest new products in 2025

Oct 13 (Reuters) – Large-scale selling of leveraged exchange-traded funds contributed significantly to Friday’s U.S. stock market rout, according to a report published late on Sunday by JPMorgan’s Americas equities derivatives strategy team.

The report estimated that some $26 billion of selling from leveraged ETFs at Friday’s close drove the overall market even lower after threats by U.S. President Donald Trump that he would levy big new tariffs on China triggered an initial selldown. Continue reading “JPMorgan says leveraged ETFs worsened Friday’s Wall St selloff”

BEIJING, (Reuters) – China has officially started collecting special port fees from U.S.-owned, operated, built, or flagged vessels on Tuesday but said Chinese-built ships would be exempted from the levies, according to state broadcaster CCTV.

The details published by CCTV clarify the specific provisions on exemptions, including for ships built by China, empty ships entering Chinese shipyards for repair, and other ships that are deemed exempted from payment. Continue reading “China begins charging port fees for US ships, exempts China-built ones”

(Reuters) – China’s No. 1 automaker BYD considers Spain to be its top candidate for a third car factory to serve the European market, two people briefed on the matter told Reuters, as the company seeks to grow sales on the continent.

A BYD assembly plant, joining two other planned factories in Hungary and Turkey, would be a significant boost for the carmaker that competes with Tesla, and would also bolster Spain’s aim of becoming a major hub for electric vehicle production. Continue reading “Exclusive: Spain the frontrunner for Chinese carmaker BYD’s third European plant, sources say”

Summary

• China’s Sept car sales +6.6% y/y vs +4.9% y/y in Aug
• Dealers, consumers take advantage of trade-in incentives
• BYD domestic market share drops to 14%, vs 18% in Sept 2024
• Geely, Leapmotor, Xpeng and Xiaomi post record sales
• Tesla China sales dip 0.9%, third month of decline

BEIJING, (Reuters) – China’s car sales accelerated in September, the traditional peak season for the auto market, as dealers and consumers took advantage of trade-in subsidies before more local governments suspended the incentives. Continue reading “China’s car sales pick up speed in ‘Golden September’”

Summary

• UK court to decide if diesel vehicles had ‘defeat devices’
• About 1.6 million claimants suing carmakers for compensation
• Manufacturers say claims are ‘fundamentally flawed’
• Key trial comes decade after VW ‘dieselgate’ scandal

LONDON, (Reuters) – Some of the world’s biggest carmakers manipulated diesel emissions tests because they “would rather cheat than comply with the law”, lawyers for over 1.6 million claimants told London’s High Court on Monday, at the start of a huge trial. Continue reading “Carmakers accused in huge UK lawsuits of cheating diesel emissions tests”

New Delhi/Pune, India – 13th October 2025: Tata AutoComp Systems Limited, a leading provider of automotive and mobility component solutions, is set to present its expanded portfolio for the railway sector at the International Railway Equipment Exhibition (IREE) 2025, to be held at Bharat Mandapam, New Delhi. Underlining its commitment to “Shaping the Future of Railways,” Tata AutoComp will highlight its innovative products, solutions, and strategic partnerships that bring global technologies to India — customized for local requirements and cost structures.

At IREE 2025, Tata AutoComp will showcase its latest offerings for the railway mobility sector, with a special focus on the innovative global propulsion system being introduced in India, along with seating systems, lightweight and sustainable composite components, and HVAC solutions for the Indian railway ecosystem — solutions designed to enhance passenger comfort, reduce maintenance needs and improve energy efficiency. Continue reading “Tata AutoComp to Showcase Innovative Propulsion, HVAC, Seating, and Sustainable Lightweight Rail Solutions at IREE 2025”

(Reuters) – Three workers have died since Hyundai Motor started construction of its $7.6 billion auto plant in Georgia in 2022, the Wall Street Journal reported on Sunday, citing a review of federal records.

Apart from the deaths, more than a dozen workers have suffered serious injuries, including from falling without wearing harnesses and getting crushed by forklifts, according to the WSJ. Continue reading “Three workers died at Hyundai’s Georgia plant since 2022, before US immigration raid, WSJ reports”

Summary

• Samsung Q3 profit forecast 10.1 trillion won, highest Q3 profit since 2022
• Profit boosted by conventional memory chips backed by server demand
• Memory chip gains to offset weaker HBM sales
• Analysts warn of China’s rare earths curbs, tariff risks despite AI chip deals
• Q3 preliminary results expected on Tuesday, October 14

SEOUL, (Reuters) – Samsung Electronics is expected to post its highest third-quarter profit since 2022, driven by higher memory chip prices supported by server demand as customers rebuild inventories, analysts’ estimates showed. Continue reading “Samsung set for highest Q3 profit in three years as AI demand lifts chip prices”

Summary

• US consumers rushed to buy EVs before $7,500 tax credit expired on September 30
• LGES Q3 operating profit beat market expectations based on preliminary figures
• Company has warned of slowdown in EV demand due to tax credit end, US tariffs

SEOUL, (Reuters) – Battery maker LG Energy Solution (LGES) said on Monday its third-quarter operating profit likely rose 34% as U.S. consumers rushed to buy electric vehicles to take advantage of government incentives that expired on September 30. Continue reading “LG Energy Solution Q3 profit likely up 34% on US EV sales rush”

(Reuters) – Jefferies Financial Group said on Sunday its exposure to bankrupt auto parts maker First Brands Group is limited and any potential losses will be “readily absorbable”.

First Brands, which makes filters, brakes and lighting systems for the automotive industry, filed for bankruptcy protection last month after its lenders began investigating irregularities in the company’s financial reporting. Continue reading “Jefferies sees limited impact from First Brands’ bankruptcy”

Summary

• China’s Sept car sales +6.6% y/y vs +4.9% y/y in Aug
• Dealers, consumers take advantage of trade-in incentives
• BYD domestic market share drops to 14%, vs 18% in Sept 2024
• Geely, Leapmotor, Xpeng and Xiaomi post record sales
• Tesla China sales dip 0.9%, third month of decline

BEIJING, (Reuters) – China’s car sales accelerated in September, the traditional peak season for the auto market, as dealers and consumers took advantage of trade-in subsidies before more local governments suspended the incentives. Continue reading “China’s car sales pick up speed in ‘Golden September’”

Source : PTI | Tata Motors and Maruti Suzuki saw a year-on-year increase in their retail sales market share last month, according to the latest passenger vehicle registration data for September.

Hyundai Motor India and Toyota Kirloskar Motor on the other hand saw a year-on-year dip in their respective market share last month. Continue reading “Tata Motors, Maruti see retail sales market share growth in September”

Summary

• China to impose extra port fees on US ships from October 14
• US to start imposing port fees on Chinese ships on same day
• US-China tensions have risen since September

BEIJING/LOS ANGELES, (Reuters) – China will slap port fees on U.S.-owned, operated, built, or flagged vessels on Tuesday as a countermeasure to U.S. port fees on China-linked ships starting the same day, China’s transport ministry said on Friday.

Later in the day, U.S. President Donald Trump said he was raising tariffs on Chinese exports to the U.S. to 100% and imposing export controls on critical software in a reprisal to export limits by China on rare earth minerals. Continue reading “China hits back on US port fees with retaliatory levies”

Summary

• Q3 global shipments up 13% to 1.3 million units
• North America shipments up 35%
• New V8 Ram 1500 and inventory recovery supported sales
• Shipments in Europe rose 8% led by four new compact models
• Stellantis shares up in Milan in morning trading

MILAN, (Reuters) – Stellantis’ global vehicle shipments rebounded in the third quarter led by new models and North American demand, the carmaker said on Friday, recovering from a slump over the previous six quarters. Continue reading “Stellantis shipments rebound as CEO Filosa’s strategy starts to deliver”

OTTAWA, (Reuters) – The specific deals that Canada is negotiating with the U.S. in key sectors such as steel, aluminum and autos are likely to persist even if the United States-Canada-Mexico trade deal is reviewed next year, Prime Minister Mark Carney said Friday.

Carney told reporters it was unlikely that “one simple trade deal” could resolve all the issues between the two countries. Continue reading “Canada-US sectoral deals likely to persist even if USMCA is revised, Carney says”

SHANGHAI, (Reuters) – Shares of Chinese battery makers plunged on Friday after the country announced that it would control exports of lithium battery parts, a move that tightens its grip on the technology critical for energy storage and electric vehicles.

It had earlier expanded export controls over rare earths as trade tensions with the United States simmer ahead of a possible meeting between Presidents Donald Trump and Xi Jinping later this month. Continue reading “Chinese battery shares slide after Beijing imposes export controls over supply chain”

Summary

• Battery Belt projects face uncertainty due to waning EV demand and policy changes
• Auto industry is installing many times more battery capacity than it will need, Reuters review shows
• Federal raid at Hyundai’s Georgia plant marked another setback for one of the largest EV projects

STANTON, Tenn., (Reuters) – Stanton, Tennessee – population 450 – welcomed a massive new neighbor a few years ago: a Ford electric-truck factory and a joint-venture battery plant slated to employ 6,000 workers.

Ford’s 2022 groundbreaking triggered an influx of construction activity into the former cotton-and-soybean farmlands outside of Memphis. Hard-hatted workers filled local diners. Developers scrambled to build homes and fire stations. Continue reading “Trump’s crackdown on EVs hits home in the Battery Belt”

MILAN, (Reuters) – Stellantis said on Friday its global vehicle shipments rose 13% year-on-year in the third quarter, led by new models and North American demand, in a sign of business recovery after several quarters of declining sales.

The French-Italian-American automaker estimated it shipped a total of 1.3 million vehicles in the July-September period.

Final data on third-quarter shipments and revenues are due to be released on October 30. Stellantis’ brands include Jeep, Peugeot, Fiat, Opel and Ram. Continue reading “Stellantis’ third-quarter shipments rise 13%, led by North America”

BEIJING, (Reuters) – Vessels owned or operated by U.S. firms and individuals – or those built in the United States or that fly the U.S. flag – will be charged additional port fees per voyage starting on October 14, China’s transport ministry said.

The fees are a counter-measure against upcoming U.S. port fees, the ministry said on Friday. Continue reading “China hits back at US ships with additional port fees”

DETROIT, (Reuters) – Ford Motor is walking back a program that would have allowed dealers to offer a $7,500 tax credit on EV leases after the federal subsidy expired September 30, the company said on Thursday.

“Ford will not claim the EV tax credit but will maintain the competitive lease payments we have in the market today,” a spokesperson said.

The decision follows a similar move from General Motors on Wednesday. While automakers including Hyundai and Stellantis have offered cash off incentives to bridge the gap for buyers, Ford and GM took a different approach. Continue reading “Exclusive: Ford reverses plan to claim EV tax credits, following GM”

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(Reuters) – Germany luxury sports carmaker Porsche said on Thursday its sales fell globally in the first nine months of 2025, blaming challenging market conditions and intense competition for a 26% slump in the Chinese market.

The carmaker delivered around 70,836 vehicles globally between July and September, roughly a 6% drop from last year’s level according to a calculation by Reuters. Continue reading “Porsche’s 9-month sales fall globally, China leads slump”

Summary

• Showcases Elettrica’s tech at Capital Markets Day
• First EV marks milestone and completes powertrain line-up
• Ferrari developed bespoke sound system
• Model integrates 60+ patents, recycled aluminium

MARANELLO, Italy, (Reuters) – Ferrari has unveiled the technology which will power its hotly-anticipated first electric car, the Elettrica, as the 78-year-old luxury Italian sportscar maker looks to add battery power to its hybrid and petrol-engine models. Continue reading “Ferrari lifts the hood on EV tech in maiden electric car”

• DrivebuddyAI crosses 3.5 billion kilometers of real-world driving data with 70%+ accident reduction, underscoring Roadzen’s global leadership in AI-powered driver safety
• DrivebuddyAI to exhibit live at InCabin Europe 2025, October 7–9, in Barcelona (Booth C210)

NEW YORK, Oct. 07, 2025 (GLOBE NEWSWIRE) — Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, today announced major milestones for its flagship driver-safety and in-cabin intelligence platform, DrivebuddyAI, marking a defining step in its global expansion. Continue reading “Roadzen’s DrivebuddyAI Secures EU’s General Safety Regulation 2144 Compliance, Becomes the World’s Only Driver Monitoring System Validated Under Both Indian and EU Safety Standards”

BRASILIA, (Reuters) – Brazil’s presidential chief of staff, Rui Costa, said on Wednesday the government has no plans to eliminate public transport fares nationwide this year or next, a day after the finance minister had confirmed studies to assess ways to finance the sector.

“There is nothing planned for next year or this year,” Costa said in a local radio interview. “I want to make this clear: the president only requested studies.” Continue reading “Brazil not planning free public transport soon, presidential chief of staff says”

Summary

• BYD benefits from Argentina’s tariff-free EV import policy
• Argentina’s EV market poised for growth, analyst says
• BYD faces competition from other Chinese automakers in global market

BUENOS AIRES, (Reuters) – China’s largest carmaker BYD on Wednesday launched sales of its EVs in Argentina, taking advantage of the lifting of import tariffs for electric and hybrid vehicles and boosting its fast-growing footprint in South America. Continue reading “China’s BYD expands South American footprint with Argentina EV launch”

(Reuters) – Liontown Resources said on Thursday it amended its loan and spodumene supply agreements with Ford Motor aiming to bolster near-term liquidity and gain more flexibility in marketing output as production ramps up at its Kathleen Valley lithium project in Western Australia.

Under the revised terms, Liontown said principal and interest payments due to Ford over fiscal 2026 would be deferred by 12 months; all other loan conditions remained unchanged. Continue reading “Liontown Resources amends loan and supply deals with Ford Motor; shares advance”

DETROIT, (Reuters) – Ford Motor is pausing production next week at the Dearborn, Michigan, plant that makes its F-150 Lightning electric pickup, a change a union official at the plant says is related to a disastrous fire at a supplier’s New York aluminum factory.

The September 16 fire at a Novelis plant is expected to disrupt production of Ford’s best-selling F-150 vehicles for months, and potentially sap $1 billion from its bottom line, according to an analyst estimate. Continue reading “Exclusive: Ford F-150 Lightning plant hit by aluminum fire-related shutdown, union official says”

Summary

• GM cancels EV lease tax credit program after concerns from Senator Moreno
• Program aimed to ease impact of tax credit expiration on dealers
• Ford’s similar program status unclear, spokesperson declined to comment

(Reuters) – General Motors is scrapping a program aimed at allowing its dealers to continue offering a $7,500 tax credit for several months on electric-vehicle leases following the September 30 expiration of the federal subsidy, the company said on Wednesday.

Toward the end of last month, GM devised a plan to have its in-house lending arm initiate the purchase of EVs in its dealers’ inventory. The company planned to apply for the federal $7,500 credit on those cars and then roll that money into EV lease terms for customers through the end of the year. Continue reading “Exclusive: GM backtracks on plan to claim last-minute EV tax credits”

Source : PTI | Skoda Auto India, part of the Volkswagen group, is evaluating the launch of electric car in the country with localised supplier base, an official said on Wednesday.

The company plans to enter the fast-growing Indian electric car market by 2027-28, according to the official. Skoda has a global portfolio of electric cars positioned in the premium segment.

Continue reading “Skoda Auto India evaluating electric car launch with localised supplier base”

Source : PTI | Predictive AI start-up Intangles has raised $30 million (about ₹266 crore) in a funding round led by Avataar Venture Partners, the company said on Tuesday.

The Pune-based firm received follow-on investments from Baring India Private Equity and Cactus Partners in the funding round. Continue reading “Auto AI firm Intangles raises $30 mn in funding led by Avataar Venture Partners”

Source : PTI | Honda Motorcycle and Scooter India, the unlisted two-wheeler arm of Japan’s Honda Motor Co, posted a 37.77 per cent rise in consolidated profit after tax to ₹3,726.8 crore for the fiscal year ended March 31, 2025, its highest in five years, according to financial data accessed by business intelligence platform Tofler.

The company had posted a consolidated profit after tax of ₹2,705.15 crore in the financial year ended March 31, 2024.

Continue reading “Honda Motorcycle & Scooter India posts record ₹3,726.8 crore profit in FY25”

Rodim India, a brand of BASF, announces the appointment of Amresh Khar as Senior Vice President – Sales & Marketing (India). In his new role, Khar will lead Rodim’s expansion strategy, drive sales initiatives, finance & warranty and strengthen the company’s leadership presence in both Indian and international automotive markets.

With over 22 years of experience in the automotive industry, Amresh Khar has held leadership positions at Mahindra First Choice Wheels, Volkswagen Group Sales, Castrol India and Honda Cars, and also founded Mad About Wheels. An alumnus of IIM Bangalore, Khar holds an MBA from UBI Brussels and a Bachelor’s degree in Engineering from Maharashtra. He is credited with building one of India’s fastest-expanding automotive installation teams, with a workforce of over 200 skilled professionals. Continue reading “BASF’s Rodim India names Amresh Khar as Senior Vice President – Sales & Marketing”

Source : PTI | Japanese automaker Nissan will kickstart the resurgence of the brand in India with its entry into the fast-growing but highly competitive mid-size SUV segment next year with its new model Tekton, which will also be exported to other countries, top company officials said on Tuesday.

The Tekton, which will compete with the likes of market leader Hyundai Creta, Kia Seltos, Maruti Suzuki Grand Vitara and Skoda Kushaq among others, has been designed and developed through a three-way collaboration by Nissan’s global teams in Japan, London and India.

Continue reading “Nissan bets on mid-size SUV Tekton for resurgence in India, launch slated for mid-2026”

Source : PTI | New Delhi, Over 112 DTC buses broke down on average every day in Delhi over the last two years, with more than 81,000 breakdowns reported by different depots of the public transporter, according to data obtained through an RTI query by PTI.

According to the data, 81,869 cases of bus breakdowns were reported over a span of two years between 2023 and 2024 — an average of nearly five buses breaking down every hour and every day for two years.

Continue reading “5 buses broke down every hour, every day in Delhi in 2 years: Official data”

BERLIN, (Reuters) – BMW has cut its 2025 earnings forecast due to slow growth in China and U.S. import tariffs, the luxury automaker said on Tuesday.

The German company said it expected a slight decline in group earnings before tax, compared with previous guidance that they would be around the same level as in 2024. Continue reading “Automaker BMW cuts 2025 earnings forecast”