(Reuters) – Uber and DoorDash have held exploratory talks with ​investors in rival Delivery Hero ahead of a ‌possible takeover bid, the Financial Times reported on Saturday.

Multiple investors have indicated they would seek a price above 40 euros ($46.41) per share ​for the German food delivery service, the report ​said, citing people familiar with the matter. Continue reading “Uber and DoorDash sound out investors for Delivery Hero bid, FT reports”

TOKYO, (Reuters) – Nissan Motor subsidiary JATCO has scrapped its plan to ​make electric vehicle (EV) powertrains in ‌Sunderland, Britain, in light of sluggish demand for Nissan’s EVs in Europe, the ​Nikkei business daily reported on ​Sunday.

In January 2025, JATCO announced ⁠a plan to invest 48.7 million ​pounds ($65.39 million) to make up ​to 340,000 units a year of EV powertrains that integrate the motor, inverter and ​reducer at a Sunderland plant ​for Nissan. Continue reading “Nissan unit scraps plan to make EV powertrains in UK, Nikkei says”

Source : PTI | Isuzu Motors India on Thursday said it has introduced a new leasing model for its crew-cab pickup truck, ISUZU D-Max S-CAB, aimed at businesses and fleet operators.

With vehicle leasing steadily evolving as a preferred option for various businesses in India, the new model aims to offer customers a smarter and more convenient way to access commercial vehicles without the burden of ownership, Isuzu Motors India said in a statement. Continue reading “Isuzu Motors India brings new leasing solution for crew-cab pickup truck”

Source : PTI | Electric vehicle giant Tesla on Friday expressed interest in establishing a sales and service centre in Hyderabad, the Telangana government said.

During a meeting with Telangana IT and Industries Minister D Sridhar Babu, Tesla India representatives expressed their interest in launching operations in the city, the state Information and Public Relations department said in a post on ‘X’. Continue reading “Tesla to establish sales and service centre in Hyderabad”

MANASSAS, Virginia, (Reuters) – U.S. Trade Representative Jamieson Greer said on Friday there were no imminent new ​U.S. tariffs expected to be imposed on semiconductors, but that it ‌was important to protect the sector with duties to facilitate reshoring of chip production.

Greer, speaking at a Micron Technology memory chip plant expansion project in the Washington, D.C., suburbs, said that ​any tariffs USTR’s long-awaited Section 232 national security investigation aimed at protecting ​the U.S. semiconductor sector needed to be properly sequenced to promote ⁠U.S. output. Continue reading “USTR Greer sees no immediate chip tariffs but says protection important for sector”

DETROIT, (Reuters) – United Auto Workers leaders called for stronger pay standards and mandates that carmakers build where they sell, ​ahead of Washington’s upcoming talks on a new trade ‌deal with Canada and Mexico.

UAW President Shawn Fain and others detailed the union’s hopes for the new pact during a Thursday presentation to media. Continue reading “UAW urges tougher labor rules in US-Canada-Mexico trade talks”

(Reuters) – Hyundai Motor is recalling 421,078 ​vehicles in the U.S. over ‌a software error that may cause an unexpected application of brakes, the ​U.S. National Highway Traffic Safety ​Administration said on Friday.

The recall covers ⁠certain 2025-2026 model Santa Cruz, ​Tucson, Tucson Hybrid, and Tucson Plug-In ​Hybrid Electric vehicles. Continue reading “Hyundai to recall over 421,000 US vehicles over software brake issue, NHTSA says”

(Reuters) – Tesla is recalling 14,575 Model Y ​SUVs in the U.S., ‌over a missing certification label with weight ​specifications, the U.S. ​National Highway Traffic Safety Administration ⁠said on Friday.

Tesla ​will inspect and install ​the label on affected cars, NHTSA said. Continue reading “Tesla to recall over 14,500 Model Y SUVs in US over missing weight certification label”

Summary

• Nationwide rollout planned from early 2027
• Mercedes working with German ministry and regulator
• Rivals Tesla and BMW working on similar plans

BERLIN, (Reuters) – Mercedes-Benz said on Friday it plans to ​roll out its urban point-to-point assisted driving system in Germany from the end of ‌this year, aiming to be among the first carmakers offering the technology in Europe.

The plans are part of a race to bring self-driving features to European city streets, with rivals BMW and Tesla pursuing rollouts of similar ​technology in the region. Continue reading “Mercedes targets year-end Germany rollout for urban assisted driving in race with rivals”

Source : PTI | In the wake of a series of fatal accidents on the Lakhimpur-Bahraich stretch of the national highway, the district administration has directed highway and traffic authorities to strictly implement the ‘4-Es’ strategy’ which focuses on engineering, education, emergency and enforcement.

The move comes after 10 people, including a government teacher and an engineer, were killed when a van collided with a speeding truck while attempting to overtake another vehicle in the Isanagar police station area on Monday.

Continue reading “Lakhimpur-Bahraich highway deaths prompt crackdown, focus on ‘4-Es’ road safety strategy”

Summary

• CEO says overcapacity must be addressed
• Works council decries uncertainty for staff
• Local governments open to Chinese partnerships

BERLIN, (Reuters) – Germany’s Volkswagen is not currently in talks with Chinese ​manufacturers regarding overcapacity at its car plants in Europe, although the problem does have to ‌be addressed, CEO Oliver Blume told a general assembly of workers on Wednesday.

The meeting comes amid heightened speculation over the future of Volkswagen’s German factories as falling profits, weak demand and intense competition put Europe’s biggest carmaker under pressure to scale back ​its sprawling network. Continue reading “Volkswagen is not in talks with Chinese, CEO says in bid to calm workers”

Summary

• Plans 60 new models by 2030 on all powertrains
• Refocuses spending on four core brands, van unit
• Outsources tech while leveraging on manufacturing deals
• Sees North America adjusted operating income margin 8-10% by 2030

AUBURN HILLS, Michigan, (Reuters) – Stellantis on Thursday laid out a ​60 billion euro ($70 billion) strategy that marks a shift under new CEO Antonio Filosa, combining a wave of new partnerships, a sharper focus on core brands ‌and a push to better monetise excess factory capacity.

The five-year investment, which includes 60 new models by 2030 – among internal combustion engine, hybrid and fully electric – underscores a break from the approach of former CEO Carlos Tavares, with Filosa more open to external collaboration. Continue reading “Stellantis unveils $70 billion strategy pivot under Filosa, with blitz of 60 new products”

(Reuters) – Alphabet’s Waymo said on Thursday it has suspended its robotaxi service on freeways in the United ​States and paused its operations in Atlanta, ‌Georgia as it updates software to improve performance around construction zones and flooded roadways.

The suspension comes as Waymo, which has ​been growing its robotaxi operation slowly and steadily ​for years in the U.S., has quickened ⁠the pace of expansion, as others, including Tesla and ​Amazon’s Zoox, step up their push in the sector. Continue reading “Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes”

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Newest brand campaign redefines the iconic G.O.A.T (‘Greatest of All Time’) as ‘Greatest On A Track’, reinforcing Škoda’s performance-led strengths

• Kick-starts campaign with an India and Asia Book of Records for the ‘Fastest Multi-Car Relay of a Single Manufacturer on a Circuit’
• Campaign furthers brand’s motorsport legacy and product portfolio’s dynamic abilities across the spectrum

Mumbai, May 20, 2026 – Amidst its rapid product actions and continuous network expansion, Škoda Auto India has launched its newest campaign anchoring Škoda’s performance story. The campaign launches with a record, which is one of multiple initiatives that establish that the ‘Greatest On A Track’ is a ‘Škoda On A Track’.

With its 130-year global heritage and 125 years in motorsport, Škoda Auto furthers its racing legacy with this benchmark-setting brand narrative. The brand also celebrates more than half a century of the RS (Rally Sport) badge in its cars. Furthering its key strategy pillar of Differentiation, this new campaign highlights the dynamic capabilities and safety of the Škoda Auto India range. Continue reading “‘G.O.A.T.: Greatest On A Track’. Pure Škoda DNA”

STOCKHOLM, (Reuters) – Tesla said on X on Wednesday ‌that its Full Self-Driving (Supervised) driver assistance software was being rolled out in Lithuania, the ​second country in Europe to ​do so after Dutch approval last month. Continue reading “Tesla launches Full Self-Driving in Lithuania”

Summary

• Japanese motor vehicle exports to Middle East fall over 90% due to Strait of Hormuz closure
• Auto lobby group says short-term impact limited, sees some production cuts
• Automakers may expand in India over long-term to reduce risks

TOKYO, (Reuters) – Japanese vehicle exports to the Middle East ​were nearly wiped out in April, government data showed on Thursday, as the U.S.-Israeli war on Iran disrupted shipping ‌to a key region for global automakers like Toyota and Nissan.

The collapse suggests shipments of passenger cars, trucks and buses to the region, which is also a major destination for Japanese used cars, have largely ground to a halt following the effective closure of the Strait of Hormuz. Continue reading “Japanese auto exports to Middle East plunge in April as war disrupts shipping”

Summary

• Vitol seeks permits, third-party services to operate Rio Bravo terminal in Mexico
• Terminal offers cost advantage via pipeline from Texas
• Vitol aims to re-enter Mexico after bribery scandal led to Pemex suspending ties in 2021

MEXICO CITY, (Reuters) – Vitol, one of the world’s biggest commodities traders, has held talks with service providers and is seeking permits ‌to operate the Rio Bravo fuel storage terminal it built six years ago in northern Mexico and left idle, according to two sources with direct knowledge of the matter and a document reviewed by Reuters.

The Geneva-based trader’s plan to operate the terminal underlines its intention to re-establish in ​Mexico after a bribery scandal tarnished its reputation. It coincides with a global scramble for energy supply infrastructure during ​the Iran war, which has upended supply chains. Continue reading “Exclusive: Vitol moves to open Mexico fuel terminal years after bribery scandal, document shows”

Summary

• EV demand grows in established and new European markets
• Chinese EV brands are boosted by the trend
• Some automakers consider increasing EV production

BERLIN/STOCKHOLM/LONDON, (Reuters) – Demand for electric vehicles in Europe has surged as high fuel prices linked to the Iran war propel sales of new and second-hand EVs, data exclusively shared with ​Reuters shows, providing a much-needed boost to the auto industry.

Although sales of fully electric cars grew 30% across Europe in 2025, EV adoption on ‌the continent has lagged industry expectations. Carmakers from Volkswagen to Fiat-owner Stellantis, which had invested heavily in expectation of much higher EV demand, have over the last year booked multi-billion-dollar charges to cover asset writedowns. Continue reading “Europe EV sales leap as Iran war pushes up petrol pump prices”

Summary

• VinFast to sell factories to local investors with ties to parent company
• Deal raises governance concerns, shifts debt off VinFast balance sheet
• Multi-billion-dollar operation involving multiple transactions set to close in Q3
• VinFast says it would be debt-free after deal, denies plans to sell to manufacturer

HANOI, (Reuters) – Over the last decade, Vietnamese electric vehicle maker VinFast Auto has ​burned through billions of dollars on an aggressive expansion.

Now, a plan to sell its two main factories and shift $7 billion worth of debt off its books has sparked concerns ‌about governance at billionaire Pham Nhat Vuong’s Vingroup conglomerate. Continue reading “Vietnamese EV maker VinFast’s move to shift $7 billion in debt raises ‘red flags’”

Paris/Mailand, (Reuters) – Die Opel-Mutter Stellantis und ihr chinesischer Partner Dongfeng bündeln ihre Kräfte für den Bau und Vertrieb von Elektroautos in ​Europa. Die beiden Unternehmen hätten eine vorläufige Vereinbarung zur Gründung ‌eines Gemeinschaftsunternehmens unterzeichnet, teilten sie am Mittwoch mit. Stellantis werde 51 Prozent und Dongfeng 49 Prozent an dem Joint Venture halten. Ziel sei es ​unter anderem, Fahrzeuge der chinesischen Premium-Elektromarke Voyah in einigen europäischen ​Märkten zu verkaufen. Zudem prüfen die Partner eine lokale ⁠Fertigung von Dongfeng-Modellen im Stellantis-Werk im französischen Rennes. Continue reading “Stellantis und Dongfeng planen Joint Venture für E-Autos in Europa”

(Reuters) – Hyundai Motor is recalling 54, 337 vehicles ​in the U.S. over ‌a fire risk linked to the overheating of hybrid power ​control unit, the ​U.S. National Highway Traffic Safety ⁠Administration (NHTSA) said on Wednesday.

Here ​are further details:

• The recall ​covers certain 2024-2026 Elantra Hybrid vehicles.
• Overheating in the hybrid power control ​unit under high ​electrical loads can cause affected vehicles ‌to ⁠fail to start or enter reduced‑power mode, the auto regulator said.
• In some cases, ​the ​overheating ⁠could lead to localized thermal damage to ​the assembly and ​internal ⁠components, the agency added.
• Dealers will update the affected software ⁠free ​of charge, ​NHTSA said.

Continue reading “Hyundai to recall over 54,000 vehicles in US over fire risk, NHTSA says”

Summary

• ASML CEO: Chip market to remain supply-limited for a while
• EU should ease AI regulation to keep pace with US, Asia
• Calls for clear export control rules to China
• Fouquet had contact with Musk about TeraFab project
• ASML developing second advanced-packaging tool

ANTWERP, Belgium, (Reuters) – The booming global semiconductor ​market will be “tense” with tight supply for the foreseeable future, the head of chip-making machine giant ASML told Reuters, with demand from AI, ‌satellites and robots outpacing what the industry can produce.

In a rare interview on the sidelines of a tech event in Antwerp, ASML Chief Executive Christophe Fouquet said that there would likely be sporadic bottlenecks throughout the supply chain of the chip market which could hit $1.5 trillion by 2030. Continue reading “Exclusive: ASML CEO sees tight supply in booming chip market as AI demand soars”

Summary

• Two new EX30 battery fires prompt Thai watchdog to weigh civil action
• Volvo faces complaints as customers await battery fixes after global recall
• Repair timelines vary, with some markets ​waiting until late-2026 for replacements

STOCKHOLM/BANGKOK, (Reuters) – Two new battery-related ‌fires involving Volvo Cars’ EX30 has prompted Thailand’s consumer watchdog to consider civil action, adding to pressure on the Swedish automaker as it grapples with a global recall of the electric SUV.

Reuters reported in February that Volvo would recall more than ​40,000 EX30s and replace battery modules due to a defect that could cause packs to overheat ​and potentially catch fire. Continue reading “Volvo Cars faces Thai legal threat after fresh EX30 fires”

Summary

• Japan turns to AI robots amid labour shortages
• Transportation equipment makers lead AI robot adoption
• Majority say cash holdings decision should be left to each firm

TOKYO, (Reuters) – One-third of Japanese companies are already using or considering deploying AI-powered robots, with automakers and other transportation equipment manufacturers ​leading the way, a Reuters survey showed on Thursday.

The Japanese government expects the introduction of AI robots into the workplace ‌to be key in coping with the country’s chronic labour shortage and cementing its position as a leading industrial robot supplier. Continue reading “One in three Japan firms using or considering AI robots: Reuters poll”

Summary

• SpaceX discloses $20 billion in AI infrastructure lease obligations with xAI and Valor Equity Partners
• Links include lease, construction, aircraft-sharing, and security arrangements across Musk-affiliated entities
• SpaceX, Tesla, xAI and X engaged in $650 million in transactions last year

(Reuters) – SpaceX’s IPO filing revealed ​extensive commercial and financial ties among Elon Musk’s companies ranging from Cybertruck purchases and shared private jets to stock ‌investments, showing how deeply intertwined his business empire has become ahead of what could become the largest IPO in history.

While many of the billionaire’s companies have long collaborated, the filing contains previously undisclosed details about how they now form a network bound by commercial agreements, financing obligations and operational ​dependencies spanning AI, transportation, communications and infrastructure. Continue reading “SpaceX reveals Musk company links, from Cybertrucks and jets to stock investments”

(Reuters) – Stellantis and Britain’s Jaguar Land Rover will consider jointly developing vehicles in ​the U.S., the French-Italian automaker said ‌on Wednesday.

The two companies signed a preliminary agreement to explore collaboration opportunities in ​product and technology development. Continue reading “Stellantis, JLR to explore jointly developing vehicles in US”

Summary

• CEO says overcapacity must be addressed
• Works council decries uncertainty for staff
• Local governments open to Chinese partnerships

BERLIN, (Reuters) – Germany’s Volkswagen is not currently in talks with Chinese ​manufacturers regarding overcapacity at its car plants in Europe, although the problem does have to ‌be addressed, CEO Oliver Blume told a general assembly of workers on Wednesday.

The meeting comes amid heightened speculation over the future of Volkswagen’s German factories as falling profits, weak demand and intense competition put Europe’s biggest carmaker under pressure to scale back ​its sprawling network. Continue reading “Volkswagen is not in talks with Chinese, CEO says in bid to calm workers”

Source : PTI | Rajasthan Congress president Govind Singh Dotasra on Tuesday criticised the Centre over rising fuel prices, alleging that people are facing hardship due to inflation and shortage of diesel and petrol.

He alleged that if the situation continued, lockdown-like conditions could emerge in the next 10 to 15 days, as vehicles may stop operating and industries could shut down. Continue reading “People are in great difficulty: Dotasra slams Centre over rising fuel prices”

Source : PTI | The Andhra Pradesh government has rolled out a two-pronged reform push focusing on energy conservation across all the Urban Local Bodies, aimed at making cities cleaner, smarter and energy efficient.

As part of these efforts, the southern state is readying a PPP-based Electric Vehicle (EV) charging infrastructure and shared e – mobility proposals, encompassing e-bikes and e-scooters in major cities, said an official press release on Tuesday. Continue reading “Andhra govt rolls out twin reforms on energy conservation, e-mobility”

Source : PTI | Tata Power on Wednesday said its arm Tata Power EV Charging Solutions has expanded the ultra-fast EV charging network in collaboration with Indian Oil Corporation on the Delhi-Mumbai Expressway.

As part of the collaboration, Tata Power EV Charging Solutions Ltd (TPEVCSL) has established ultra-fast EV charging stations at the 63rd and 69th milestones on the Haryana stretch of the expressway, a statement said.

Continue reading “Tata Power EV arm expands charging network on Delhi-Mumbai Expressway”

Source : PTI | Commercial vehicle drivers’ unions in Delhi are planning to go on a three-day strike from May 21 to 23, demanding a hike in taxi and auto fares in view of the increasing fuel prices.

The All India Motor Transport Congress on Monday wrote to Delhi Lieutenant Governor Taranjit Singh Sandhu and Chief Minister Rekha Gupta, raising their demands.

Continue reading “Delhi taxi drivers’ unions to go on 3-day strike from May 21 demanding fare hike”

Source : PTI | Crude oil prices rose on Tuesday, with futures hitting a record high of ₹10,044 per barrel during trade amid disruptions in global energy supplies triggered by the lingering West Asia crisis.

On the Multi Commodity Exchange (MCX), crude oil for June delivery surged ₹43, or 0.43 per cent, to trade at ₹9,967 per barrel in 8,508 lots.

Continue reading “Crude oil futures hit record high of ₹10,044 per barrel”

Source : PTI | Shares of oil marketing companies (OMCs), including HPCL, ended higher on Tuesday after petrol and diesel prices were raised by about 90 paise per litre—the second increase in less than a week.

The stock of Hindustan Petroleum Corporation Ltd climbed 3.27 per cent, Indian Oil Corporation edged higher by 2.39 per cent, and Bharat Petroleum Corporation Ltd went up by 2.03 per cent on the BSE. Continue reading “Oil marketing companies end higher; HPCL climbs over 3%”