Summary

• Ford posts net loss of $11.1 billion on EV program writedowns
• Automaker projects $8-10 billion EBIT for 2026
• Ford’s Q4 revenue of $45.9 billion beat analyst expectations
• Automaker posts EPS of 13 cents, missing expectations

DETROIT, (Reuters) – Ford Motor’s quarterly core profit fell about 50% to $1 billion as it absorbed higher-than-expected costs from a fire at an aluminum supplier, but CEO Jim Farley predicted strong performance this year as the automaker slashes costs and works to produce globally competitive models.

Ford reported a fourth-quarter net loss of $11.1 billion following substantial, previously disclosed writedowns on its EV programs. Adjusted earnings per share of 13 cents for the quarter missed analyst forecasts of 19 cents per share. Continue reading “Ford’s quarterly earnings miss forecasts, CEO sees stronger year in 2026”

• More than 1.37 Million vehicles produced since the beginning of the partnership
• 50/50 JV today employs almost 5,000 and produces 222,000 vehicles/year
• 4 Jeep and 3 Tata Motors PVs are currently produced at the JV Plant

Pune, India |10^th February, 2026 — Stellantis, a leading global automaker, and Tata Motors Passenger Vehicles, India’s leading manufacturer of cars and SUVs, commemorated 20-years of successful partnering via their 50:50 joint venture, Fiat India Automobiles Private Limited (FIAPL). To mark the occasion, both companies signed a Memorandum of Understanding (MoU) today to explore further opportunities for collaboration across manufacturing, engineering and supply chain in India and overseas. Continue reading “Stellantis and Tata Motors Passenger Vehicles Celebrate 20 years of Partnership by Signing MOU to Explore Further Collaboration”

Sanand, Gujarat – February 10, 2026 – Tata AutoComp Systems Limited, a leading automotive component manufacturer, inaugurated two new manufacturing plants in Sanand, Gujarat, on 30 January 2026—one each for its business units, TM Automotive Seating Systems Private Limited and TACO Air International Thermal Systems Private Limited.

With these additions, Tata AutoComp Systems now operates more than eight plants in Sanand. The expansion marks a significant milestone in the company’s growth journey and underscores its commitment to supporting various OEMs, including Tata Motors Limited (TML), as well as its export business. Continue reading “Tata AutoComp Inaugurates Two State-of-the-Art Manufacturing Plants in One Day in Sanand, Gujarat”

New Delhi, 10^th February 2026: The Society of Indian Automobile Manufacturers (SIAM) successfully hosted the highly anticipated 5^th edition of Global Electrification Mobility Summit (GEMS) in New Delhi, centred on the inspiring theme “विद्युतीकरण (Electrification): Scaling India’s Mobility Revolution through Electrification for Growth, Sustainability & Global Leadership”. This landmark gathering brought together top policymakers, visionary industry leaders, and distinguished experts from across the globe to shape the roadmap for India’s accelerating transition to electric mobility and sustainable transportation.

The event was graced by the presence of Chief Guest, Mr. H. D. Kumaraswamy, Hon’ble Union Minister of Heavy Industries, Government of India, and Guest of Honours, Dr. Hanif Qureshi, Additional Secretary, Ministry of Heavy Industries, Government of India; Mr. Ghanshyam Prasad, Chairperson, CEA and Ms. Padma Jaiswal IAS, Secretary to Govt. of NCT Delhi, along with leading industry leaders. Continue reading “SIAM Leads the Charge for Electrification at the 5th Global Electrification Mobility Summit”

February 9, 2026 – Autoverse Mobility today announced a strategic integration with GetAFix, a leading garage management platform developed by Evenforce Technologies, with a shared vision of building a deeply connected automotive aftermarket ecosystem. The integration brings together workshop operations and parts procurement into a single, seamless digital workflow, benefiting every participant in the value chain; from manufacturers and distributors to garages, mechanics, and end customers.

Commenting on the integration, Mihir Mohan, Founder and CEO of Autoverse Mobility, said,
“The automotive aftermarket has traditionally operated in silos, with manufacturers, distributors, garages, and mechanics working on disconnected systems. This integration with GetAFix is a step toward changing that reality by building a connected ecosystem where information, demand, and fulfilment flow seamlessly from the factory floor to the mechanic’s bay.” Continue reading “Autoverse Mobility and GetAFix Join Hands to Build a Connected Aftermarket Ecosystem Linking Manufacturers to Mechanics”

Source : PTI | The India-EU deal is expected to reshape competitive dynamics and market access on both sides while providing better access to European markets for Indian auto and component exports, aiding the sector’s long-term growth prospects, according to a report by Icra.

It is expected to give a boost to premium vehicle imports, but have limited disruption to the mass market, it added.

The sharp reduction in duties on EU-made vehicles (completely built units) is expected to drop from as high as 110 per cent to 10 per cent over time for a fixed quota/annum, above an import price of Euro 15,000/vehicle, the report said, adding that this will open India’s car market to European original equipment manufacturers (OEMs). Continue reading “India-EU FTA to provide better access to European markets for Indian auto component firms: Icra”

Source : PTI | Jaguar Land Rover on Friday reported a loss of 310 million pounds for the October-December quarter, hit by a production pause due to the cyber attack incident.

The Tata Motors-owned British marquee automaker posted a profit before tax of 523 million pounds in the year-ago period.

Revenue for the third quarter stood at 4.5 billion pounds, down 39 per cent year-on-year (YoY), the automaker said in a statement. Continue reading “JLR reports loss of 310 million pounds in Oct-Dec quarter”

Source : PTI | Drivers of app-based taxis and autorickshaws on Saturday observed a day-long strike in Maharashtra and other parts of the country to draw the government’s attention to various demands, including a ban on “illegal” bike taxis and action against “arbitrary” fare policy.

The protest affected commuters to some extent as most of the cabs and rickshaws linked to aggregator apps remained off roads. State transport minister Pratap Sarnaik warned of taking action against the ride aggregator companies if they behave unfairly with the drivers and indulge in “injustice” against them. He said the govt was ready to support the drivers on their genuine issues. Continue reading “Fare policy: App-based cab, auto drivers hold 1-day strike”

Summary

• Tech jitters grip market
• Amazon’s shares fall sharply after announcing $200 billion spending
• European data and analytics firms face pressure

NEW YORK/LONDON, (Reuters) – A planned $600 billion artificial intelligence spending splurge by big tech firms in 2026 is adding to investor unease as they assess the implications for profitability as well as a potential existential threat to software firms.

Shares of Amazon which had announced a $200 billion capital expenditure outlay, slid 7% on Friday, while Alphabet lost 3% after the company said on Wednesday that capital spending could double this year. Meta Platforms was down 1.3%. Continue reading “Big Tech’s $600 billion spending plans exacerbate investors’ AI headache”

Summary

Tesla hiring to pursue Musk plan for 100 GW of US solar manufacturing
Goal far exceeds current US solar manufacturing capacity
Job post says plan is to meet solar manufacturing goal by end of 2028

(Reuters) – Tesla is hiring to support founder Elon Musk’s recently announced plan to become the biggest U.S. manufacturer of solar energy components, according to online posts by senior executives at the company.

The posts show the company is acting on Musk’s new vision of setting up 100 gigawatts of domestic solar production, a target he announced last month. Continue reading “Tesla executives say company is hiring to support Musk’s expanded solar strategy”

(Reuters) – BMW North America is recalling 87,394 vehicles in the U.S. as the engine starter may overheat, causing a fire risk, the U.S. National Highway Traffic Safety Administration said on Saturday.

Dealers will replace the engine starter free of charge, the auto regulator said. Continue reading “BMW North America to recall over 87,000 U.S. vehicles over engine starter overheating issue”

ROME, (Reuters) – The Stellantis-backed Automotive Cells Company (ACC) told unions it had dropped plans to build gigafactories in both Italy and Germany, the Italian metalworkers’ union UILM said in a statement on Saturday.

ACC, a battery joint venture in which Stellantis is the largest investor, had plans for three gigafactories in Europe — in France, Germany and Italy. Continue reading “Stellantis-backed ACC drops plans for Italian, German gigafactories, union says”

Summary

• India to cut duties on high-end U.S. cars to 30%
• India to eliminate tariffs on Harley-Davidson bikes
• No tariff concession for U.S. electric vehicles

NEW DELHI, (Reuters) – India will slash tariffs on high-end American cars to 30% from as high as 110% and eliminate duties on Harley-Davidson bikes under an interim trade pact, an official said, but will not make concessions for electric vehicles, a move that pointedly leaves Tesla out.

The U.S. and India moved closer to a trade pact after releasing an interim framework on Friday, days after President Donald Trump said duties on Indian exports would be cut to 18% from 50% in exchange for New Delhi halting purchases of Russian oil. Continue reading “India-US trade deal gives tariff-free access to Harley bikes, no reprieve for Tesla”

Summary

• Charges will lead to H2 2025 loss of 19-21 billion euros
• Company will not pay a dividend this year
• Shares plunge as much as 30% to lowest level since 2021

MILAN, (Reuters) – Stellantis announced 22.2 billion euros ($26.5 billion) of charges on Friday as it scales back its electric-vehicle ambitions, hammering its shares as traditional automakers pay the price of misjudging the switch to cleaner driving.

The move is the biggest in a series of writedowns, including at Ford and General Motors as some automakers pull back from EVs in response to the Trump administration rolling back subsidies and weaker-than-expected demand. Continue reading “Stellantis plunges on $27 billion bill for EV pullback”

Summary

• Toyota’s changes CEO despite success
• Incoming CEO Kon emphasizes the bottom line
• Kon’s appointment signals focus on financials

(Reuters) – Toyota Motor’s surprise CEO switch comes as global automakers confront a tumultuous industry landscape – one that the Japanese automaker has been navigating more adeptly than most.

The world’s No. 1 carmaker by sales said on Friday that it is moving away from CEO Koji Sato after a three-year stint, a relatively short tenure for the man hand-picked by Toyota Chairman Akio Toyoda. Taking the reins on April 1 will be finance chief Kenta Kon, a close ally and former secretary of Toyoda. Continue reading “Toyota changes CEO despite its strength through industry turmoil”

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Summary

• Chinese carmaker targets 50% local parts by end-2026
• New Bahia factory using site left by Ford
• BYD aims to be Brazil’s top carmaker in sales volumes

CAMACARI, (Reuters) – Chinese automaker BYD is aiming to produce and source 50% of its vehicle components locally at its new Brazilian factory by the end of 2026, the company’s top executive in the country told Reuters, amid concerns about the EV giant undercutting the local industry.

Senior Vice President Alexandre Baldy said in an interview this week at the plant in Bahia state that BYD is transitioning to a local supply chain as quickly as possible, with the aim of becoming Brazil’s top carmaker in sales volumes by 2030. Continue reading “Exclusive: BYD shifts to local parts in Brazil factory in bid for market leadership”

Summary

• Record global vehicle sales, strong hybrid demand boost Toyota’s market position
• Yen’s weakness may boost company’s financial results
• Company faces investor scrutiny over Toyota Industries’ privatisation

TOKYO, (Reuters) – Toyota Motor is expected to report a third straight decline in quarterly operating profit on Friday, as rising costs and U.S. import tariffs weigh on earnings despite record global vehicle sales and strong demand for hybrids.

The world’s best-selling automaker is forecast to post operating profit of 1.09 trillion yen ($6.95 billion) for the October-December quarter, down 10% from a year earlier, the average estimate of seven analysts surveyed by LSEG showed. Continue reading “Toyota expected to post third straight quarterly profit drop as costs, tariffs bite”

Tata Motors Passenger Vehicles Limited (formerly Tata Motors Limited) Consolidated Q3 FY26 Results

JLR CYBER INCIDENT IMPACT CARRIED OVER IN Q3 RESULTS, POISED FOR STRONG RECOVERY IN Q4

Consolidated Revenue ₹70.1K Cr (-25.8%), EBITDA at ₹1.5K Cr,

PBT (bei) ₹(3.1)K Cr (-9.2K Cr), Free Cash Flows ₹(17.9)K Cr (vs PY)

•  JLR Revenue £4.5bn down 39.4%, EBITDA at 0.7% (-1350 bps), EBIT at -6.8% (-1580 bps)
•  Tata PV Revenue ₹15.3K Cr, up 24%, EBITDA at 7.0% (-80 bps), EBIT at 1.2% (-50bps)

Mumbai, February : Tata Motors Passenger Vehicles Ltd. (TMPVL) announced its results for quarter ending December 31, 2025. Continue reading “Tata Motors Passenger Vehicles Ltd. Consolidated Q3 FY 26 Results”

Source : PTI | New Delhi, Ride-hailing platform Uber on Wednesday said it has appointed Indian-origin Balaji Krishnamurthy as its chief financial officer.

Krishnamurthy has been with Uber for more than six years and will assume his new role from February 16, following the resignation of the present chief financial officer Prashanth Mahendra-Rajah.

“Prashanth Mahendra-Rajah, Chief Financial Officer, will step down from his role on February 16, 2026. Balaji Krishnamurthy, currently Vice President, Strategic Finance, will assume the role of Chief Financial Officer on that date,” the company said in a regulatory filing. Continue reading “Uber appoints Balaji Krishnamurthy as its CFO”

Source : PTI | There are around 5.9 crore FASTags active across the country, of the total 11.86 crore FASTags issued so far, Union Minister Nitin Gadkari said on Wednesday.

FASTag is an RFID passive tag used for making toll payments directly from the customer’s linked prepaid, savings, or current account.

Presently, more than 98 per cent of user fee on National Highways is collected through electronic toll collection system, the Union Minister for Road, Transport and Highways said in a written reply to the Rajya Sabha. Continue reading “Around 5.9 crore FASTags active in country against 11.86 cr issued so far: Nitin Gadkari”

Source : PTI | Investments in high-speed rail corridors and promotion of electric vehicles announced in the Union Budget will play a key role in reducing pollution in the national capital while strengthening connectivity and infrastructure, Delhi minister Manjinder Singh Sirsa said on Wednesday.

Calling the Budget forward-looking, Sirsa said, “This Union Budget marks a new phase in the country’s economic journey and reflects a farsighted vision to achieve Viksit Bharat 2047.”

He added that it addresses key challenges such as pollution, connectivity and inclusive growth. Continue reading “Union Budget rail, EV push to reduce Delhi pollution: Manjinder Sirsa”

COPENHAGEN, (Reuters) – Sweden-based Volvo Cars sold 177,830 cars in the November-January period, down 7% from the same period a year earlier, it said on Wednesday.

Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement sales volumes for fully electric models rose 13% to account for 24% of all cars sold in the period.

Meanwhile, sales of electrified cars as a whole, also including plug-in hybrids, were down 2%. Continue reading “Volvo Cars’ sales volumes drop 7% in November-January period in challenging market”

Summary

• Tesla’s China-made EV sales rise despite weak domestic demand
• China’s EV sales and exports grow by 1% year-on-year in January
• BYD reports 30% decline in global sales due to revised subsidy scheme

BEIJING, (Reuters) – Tesla China-made electric vehicle sales rose for a third-straight month in January, even as China’s EV sales and exports were slow amid weak domestic demand.

Deliveries of Model 3 and Model Y vehicles made at Tesla’s Shanghai plant, including exports to Europe and other markets, were up 9.3% from a year-ago period, extending gains for a third consecutive month, data from the China Passenger Car Association showed on Wednesday. Continue reading “Tesla’s China-made EV sales extend gains despite industry slowdown”

BEIJING, (Reuters) – Automakers in China are extending repayment terms for customers to as long as eight years to woo consumers amid stagnant demand in the world’s largest auto market.

Nissan’s joint venture with Dongfeng joined at least 10 other car brands, including Xpeng, Xiaomi and Geely, on Tuesday in offering longer-term low-interest financing plans, according to Reuters’ checks.

Dongfeng Nissan’s eight-year plan requires zero down payment and advertised that customers buying its Sylphy Classic model would only need to make a daily repayment of as low as 27 yuan ($3.89), roughly the amount to buy a coffee per day. Continue reading “Automakers in China roll-out longer-term financing plans to spur demand”

Summary

• Company forecasts Q1 adjusted profit below estimates
• CFO Mahendra-Rajah to step down, Balaji Krishnamurthy to succeed
• Forecasts Q1 gross bookings above Wall Street expectations
• Uber plans robotaxi expansion to Madrid, Hong Kong, Houston, Zurich

(Reuters) – Uber Technologies backed its capital-intensive, early-stage autonomous vehicle strategy on Wednesday even as its profit took a hit from its push for affordable rides and higher taxes, sending the shares of the ride-hailing company down 5%.

The company said it was committing capital to vehicle partners to secure early supply and speed up deployments as its plaform has a structural advantage, while working with banks and private equity firms to finance most of the autonomous fleets. Continue reading “Uber pushes robotaxi plans even as cheaper rides, higher taxes dent profit”

Summary

• Ford and Geely discuss using Ford’s European factory space
• Talks include shared vehicle technologies including for automated driving
• More automakers are seeking out partnerships to defray costs

(Reuters) – Ford and China’s Geely (GEELY.UL) are in discussions about a potential partnership, eight people with knowledge of the ongoing talks said, as the world’s carmakers look to share heavier technology and manufacturing costs.

The companies are in talks to have Geely use Ford factory space in Europe to produce vehicles for the region, three people familiar with the matter said. They also have discussed the potential framework for shared vehicle technologies, including for automated driving, according to two different people with knowledge of the talks. Continue reading “Exclusive: Ford and Geely in talks for manufacturing, technology partnership, sources say”

Source : PTI | EV major Tesla India on Tuesday said it has launched various initiatives, including an EMI scheme, to lift weak sales in the country.

To encourage customers switching from the petrol and diesel cars to electric, Tesla said it is offering ₹3 lakh exchange incentive.

Besides, customers can now purchase the Model Y at a monthly installment starting from ₹49,000, with a down payment of just ₹6 lakh significantly lowering the barrier to entry for premium electric vehicles, it added. Continue reading “Tesla India takes EMI, exchange incentive route to boost sales”

(Reuters) – Elon Musk’s SpaceX has acquired his artificial intelligence startup xAI in a deal that unifies the billionaire’s AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot.

The deal, which reportedly values SpaceX at $1 trillion and xAI at $250 billion, comes as the rocket company plans a blockbuster initial public offering this year that could take place as soon as June, Reuters has reported. Continue reading “Mega IPOs in focus after Musk’s SpaceX acquires xAI”

(Reuters) – Elon Musk said on Monday SpaceX has acquired his artificial intelligence startup xAI in a record-setting deal, unifying the billionaire’s AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot.

The deal, first reported by Reuters last week, represents one of the most ambitious mergers in the technology sector yet. It values SpaceX at $1 trillion and xAI at $250 billion, a person familiar with the matter said. Continue reading “SpaceX acquires xAI: Key facts about the Musk-owned startups”

BEIJING, (Reuters) – China will ban ‘hidden’ car door handles from 2027, becoming the first country to phase out a design pioneered by Tesla and adopted by Chinese competitors including Xiaomi.

The hidden handle design, which functions through a key fob or mobile phone or by manually pressing it, has drawn scrutiny in both the United States and China over potential safety risks. Continue reading “China to ban ‘hidden’ car door handles to address safety fears”

Summary

• Waymo defends safety record amid federal investigations
• Waymo urges Congress to advance self-driving legislation
• Tesla warns of China’s potential dominance in AV technology

WASHINGTON, (Reuters) – Self-driving company Waymo on Wednesday will defend its safety record before the U.S. Senate Commerce Committee after federal agencies opened investigations into a vehicle striking a child near an elementary school and incidents involving robotaxis driving past were loading or unloading parked school buses. Continue reading “Waymo to defend self-driving safety record, warn on China”

Source : PTI | Customs duty exemption on goods used to produce lithium batteries would enable creation of a robust electric vehicle infrastructure in the country, automobile industry body SIAM said on Sunday.

Finance Minister Nirmala Sitharaman, while delivering Budget speech, proposed to extend the basic customs duty exemption given to capital goods used for manufacturing lithium-ion cells for batteries, to those used for manufacturing lithium-ion cells for battery energy storage systems too.

Continue reading “Customs duty exemption on lithium batteries to aid EV infra creation: Industry”

Source : PTI | The Indian tyre industry stands to gain from the government’s steps to enhance spending on infrastructure announced in the Union Budget 2026-27, Automotive Tyre Manufacturers Association (ATMA) said on Monday.

The tyre sector is closely linked to the performance of the transport and infrastructure ecosystem and the substantial increase in public capital expenditure to ₹12.2 lakh crore is a significant positive for long-term demand growth, ATMA said in a statement.

Continue reading “Public capex, infra development focus in Budget to help tyre industry: ATMA”

Source : PTI | The focus in the Union Budget 2026-27 on scaling manufacturing in strategic sectors, building value chain in critical minerals and rare earths will be vital enablers for the future of electric vehicles, electronics and next-generation mobility, according to industry players.

Finance Minister Nirmala Sitharaman had proposed dedicated corridors in mineral-rich states like Odisha and Tamil Nadu and import duty exemption on capital goods needed for processing critical minerals to boost mining and processing activities.

Continue reading “Focus on building value chain in critical minerals in Budget vital enabler for EVs, next-gen mobility: Industry”

Source : PTI | CIAL is set to create a national first by introducing hydrogen-powered buses for passenger transportation, marking a major step towards clean and green mobility in the aviation sector.

The move follows the exchange of a Memorandum of Agreement (MoA) between the Kerala Hydrogen Valley Innovation Cluster Foundation and Cochin International Airport Ltd (CIAL) on February 1.

The agreement paves the way for the procurement and operation of three hydrogen fuel cell electric buses at Kochi airport, a CIAL release said here on Monday. Continue reading “Kochi airport to run India’s first hydrogen-powered passenger buses”

BRUSSELS, (Reuters) – Electric vehicles are likely to make up 85% of new car sales in the EU from 2035, based on its plans to drop an effective ban on new combustion-engine models, although that share could drop as low as 50%, clean transport advocacy group T&E said.

Under pressure from carmakers, the European Commission in December proposed a 90% cut in CO2 emissions in 2035 from 2021 levels, instead of zero for all new cars and vans.

T&E has criticised the EU’s biggest retreat from its green policies in years, saying the proposals will allow continued sales of high CO2-emitting vehicles, while Chinese producers race further ahead in battery electric vehicles (BEVs). Continue reading “EU proposals set to limit EV sales from 2035, says campaign group”