Summary

• Tesla sales fall in August in France, Sweden, Denmark, Netherlands, Italy
• Sales rise in Norway and Spain but by much less than BYD’s
• Tesla’s lineup relatively small and ageing
• A consumer backlash against CEO Musk has also hurt sales

LONDON, (Reuters) – Tesla’s sales rout this year in a number of European markets continued in August amid fierce competition from China’s BYD and a backlash against CEO Elon Musk, although Norway, Spain and Portugal bucked the trend.

Tesla has a small lineup and has not released a new mass-market model since the Model Y in 2020, while new Chinese rivals and traditional automakers alike are flooding the market with fresh models. Continue reading “Tesla’s sales rout in some European markets extends to eighth month”

Boulogne-Billancourt, September 1st, 2025 – Following his appointment on July 31st, Renault Group’s new CEO, François Provost, announces a series of executive moves and organisational updates, effective immediately.

“To meet the challenges ahead, we need an organisation that decides faster, executes smarter and stays closer to our customers. Today’s leadership changes bring together talented executives with deep industry knowledge, strong expertise and, above all, the internal credibility to make a difference,” said François Provost, CEO of Renault Group. Continue reading “Renault Group Strengthens Leadership and Organisation to Accelerate Execution”

Bengaluru, 01 September 2025: Toyota Kirloskar Motor (TKM) today declared its sales performance as follows:

Month on Month Growth: [August 2025 VS August 2024]

This includes 29,302 units sold in the domestic market and 4,934 units exported. Continue reading “Toyota Kirloskar Motor Sells 34,236 units in August 2025”

SAO PAULO, (Reuters) – Volkswagen’s Brazil unit has been ordered to pay 165 million reais ($30.44 million) in damages for subjecting workers on a farm to slavery-like conditions in the 1970s and 1980s, labor prosecutors said on Friday.

A labor court found that hundreds of workers at a Volkswagen-run ranch were subjected to degrading work conditions, forced into debt bondage and were held under armed surveillance. Continue reading “Volkswagen’s Brazil unit ordered to pay $30 million for decades-old ‘slave labor’ case”

(Reuters) – Chrysler parent Stellantis is recalling 219,577 Ram ProMaster and Doge Journey vehicles in the U.S. due to an issue with the rear-view camera that could diminish the driver’s view behind the vehicle, the U.S. National Highway Traffic Safety Administration said on Saturday. Continue reading “Stellantis to recall over 219,000 US vehicles due to an issue with rear-view camera, NHTSA says”

Source : PTI | Equity markets this week would keenly track the upcoming GST Council meeting, macroeconomic data announcements and trading activity of foreign investors for further movement, analysts said.

Moreover, developments related to tariff negotiations, global market trends and auto sales data would also drive investors’ sentiment. Continue reading “Markets to track GST Council meet, GDP data, auto sales and global tariff talks this week”

Source : PTI | Around 10 lakh passenger vehicle units were sold in the country in the April-June quarter this fiscal, with Maharashtra leading the sales chart during the period, according to the data shared by industry body SIAM.

In the April-June period, 10.12 lakh units of passenger vehicles were sold in the country, with the western zone leading with sales at 3.21 lakh units. Continue reading “Maharashtra tops PV sales in June qtr; overall segment crosses 10-lakh mark: SIAM”

FRANKFURT, (Reuters) – Washington must swiftly honour an agreement with Brussels and cut tariffs on EU auto imports to 15% from 27.5% as of August 1 after the EU started the legislative process to remove duties on U.S. goods, Germany’s auto industry association VDA said.

“For the automotive industry, the current high additional burdens mean considerable financial losses. Therefore, time is of the essence in providing rapid relief for companies in this area,” VDA president Hildegard Mueller said on Friday. Continue reading “Washington must swiftly cut auto tariffs after EU paves way, German car lobby says”

(Reuters) – Ford Motor Company is recalling more than 105,000 Mustang cars in the U.S., citing improperly sealed panels that may let water seep in and cause external lights to fail, the National Highway Traffic Safety Administration said on Friday. Continue reading “Ford recalls over 105,000 US vehicles due to lighting failure, NHTSA says”

SAO PAULO, (Reuters) – Volkswagen’s Brazil unit has been ordered to pay 165 million reais ($30.44 million) in damages for subjecting workers on a farm to slavery-like conditions in the 1970s and 1980s, labor prosecutors said on Friday.

A labor court found that hundreds of workers at a Volkswagen-run ranch were subjected to degrading work conditions, forced into debt bondage and were held under armed surveillance. Continue reading “Volkswagen’s Brazil unit ordered to pay $30 million for decades-old ‘slave labor’ case”

Summary

• Indians worry new ethanol-blended fuel will hit car performance
• Government offering no fuel choice to consumers at most pumps
• India says E20 lowers carbon emissions, concerns unjustified
• Automakers try to assuage concerns of car owners, issue FAQs

NEW DELHI/LUCKNOW, (Reuters) – The Indian government is facing a backlash from motorists after the nationwide rollout of fuel blended with 20% ethanol, amid fears – stoked by a lack of clarity from some automakers – that it may affect the performance of particularly older vehicles. Continue reading “India’s push for ethanol-mixed fuel sparks driver backlash, leaves carmakers scrambling”

Summary

• Musk waited 11 days too long to reveal 5% Twitter stake
• Musk calls lawsuit wasteful, says he meant no harm
• SEC says Musk violated important disclosure rules

(Reuters) – Elon Musk has asked a federal judge to dismiss a U.S. Securities and Exchange Commission lawsuit claiming he waited too long to disclose his purchases of Twitter shares in 2022, accusing the regulator of overreaching in order to punish him for criticizing it. Continue reading “Musk accuses SEC of overreach, seeks to end lawsuit over Twitter stake”

Summary

• BYD’s Q2 profit drops 29.9% y/y, 1st fall in over 3 years
• Working capital deficit expands
• Outlook for 2025 sales target pessimistic, analyst says

BEIJING, (Reuters) – Chinese electric vehicle maker BYD’s quarterly profit fell for the first time in more than three years, as its expansion hit a speed bump amid a government campaign against price wars. Continue reading “BYD’s quarterly profit falls for first time in 3-1/2 years as price wars bite”

Pune, August 29^th 2025 – Mobisoft Infotech, a global technology solutions provider, has announced a significant upgrade to its event transportation platform with the release of FleetNXT 2.0. The enhanced version delivers up to 35% cost savings and 2X improvement in operational efficiency, setting a new benchmark for managing large-scale event logistics through smarter, data-driven mobility. Continue reading “Mobisoft Upgrades FleetNXT Platform to Deliver 2X Efficiency and 35% Cost Savings in Large-Scale Event Transportation.”

MEXICO CITY, (Reuters) – Brazil and Mexico plan to sign complementary trade deals in August of next year, Brazilian Vice President Geraldo Alckmin said on Thursday, after a meeting with Mexican President Claudia Sheinbaum.

Authorities signed preliminary agreements in agriculture, health and biofuels, Alckmin told a press conference in Mexico City. Continue reading “Brazil readies updated sector trade deals with Mexico”

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By Mobility Outlook

In a vibrant tribute to Kerala’s Onam festival, JSW MG Motor India has set a new record by creating Asia’s largest ‘Carkalam’—a massive pookalam (floral rangoli) crafted with 306 MG electric vehicles. Held at the Grand Hyatt Bolgatty in Kochi, the spectacle has entered the Asia Book of Records, blending cultural heritage with automotive innovation.

The record-breaking initiative was a joint effort by MG’s dealer network, customers, and employees, reflecting the brand’s deep commitment to Kerala’s community and traditions. Continue reading “JSW MG Motor India Creates Asia’s Largest ‘Carkalam’ With 306 EVs In Kerala”

The time has come: Volkswagen presents the new T-Roc! Developed completely from scratch, the second generation of the best seller boasts an expressive design and innovative drive systems. The high-quality interior features a newly designed cockpit, an infotainment screen measuring up to 33 centimetres (13 inch) and background lighting that creates a lounge-like atmosphere. In addition, the T-Roc offers more space in the interior and luggage compartment. New assist systems and technologies from higher vehicle classes complete the model. Examples include Travel Assist and the driving experience control. Pre-sales of the new T-Roc start in Germany on 28 August, with the market launch scheduled for November. Prices start at 30,845 euros for the 1.5 eTSI with 85 kW/115 PS. Continue reading “World premiere of the T-Roc: new generation of the best seller is high quality and innovative”

BERLIN, (Reuters) – Volkswagen has extended its ‘factory cloud’ partnership with Amazon Web Services by another five years, the German carmaker said on Thursday, as it rolls out the use of artificial intelligence to improve production and reduce costs.

The company partnered with the cloud computing services unit of Amazon.com to create a digital production platform, or DPP, which Volkswagen says is already used in 43 locations in Europe, North America and South America. Continue reading “Volkswagen extends Amazon cloud partnership to save costs with AI”

HONG KONG, (Reuters) – COSCO Shipping Ports is facing “challenges” with its international investments amid pressures from the U.S. trade war, its managing director said in Hong Kong on Thursday.

Wu Yu told an earnings conference that while there were challenges from the United States, the state-owned global shipping and ports conglomerate was “very focused on development opportunities in emerging and regional markets, as well as in some key hubs”. Continue reading “COSCO facing ‘challenges’ with international investments amid US trade pressures”

DETROIT, (Reuters) – The United Auto Workers (UAW) said on Wednesday it won a vote at a Ford joint-venture plant in Kentucky to unionize, but the remaining challenge ballots could change the outcome.

There were 526 votes for the union and 515 against, the UAW confirmed, with 41 challenge ballots remaining. Continue reading “UAW union says it wins vote at Ford JV battery plant in Kentucky, but challenge ballots remain”

(Reuters) – Ford Motor is recalling nearly 500,000 vehicles in the U.S over a brake fluid leak issue, the National Highway Traffic Safety Administration said on Thursday.

A ruptured hose in the brake system might cause fluid to leak, lengthening stopping distances, which increases the risk of a crash, the report said. Continue reading “Ford recalls nearly 500,000 vehicles over brake fluid leak”

Source : PTI | The Uttar Pradesh Transport Department has introduced a new helpline where citizens can seek information regarding transport and vehicle-related matters, including driving licence and registration certificate, a statement said on Thursday.

Transport Commissioner Brajesh Narayan Singh said that the state government had sought a short and easy-to-remember helpline, which has been approved and implemented by the Union Ministry of Telecommunications. Continue reading “UP govt launches new helpline for transport, vehicle-related matters”

(Reuters) – Over 600 workers of the United Auto Workers union at GE Aerospace’s Evendale, Ohio, plant and Erlanger, Kentucky, distribution facility went on strike on Thursday after failing to reach a new contract agreement, UAW President Shawn Fain said.

The Evendale plant builds marine and industrial engines for the U.S. Navy, while the Erlanger facility supplies parts to some of the company’s engine plants. Continue reading “Over 600 UAW workers at two GE Aerospace facilities go on strike”

DETROIT, (Reuters) – The United Auto Workers (UAW) said on Wednesday it won a vote at a Ford joint-venture plant in Kentucky to unionize it, but believed 41 challenge ballots still pending to be illegitimate.

A win for the union would give it a much-needed boost in the U.S. South by securing membership at another electric vehicle (EV) production facility, a key battleground as the automobile industry electrifies. Continue reading “UAW union says it wins vote at Ford JV battery plant in Kentucky”

TOKYO, (Reuters) – Toyota Motor’s global sales rose in July for a seventh consecutive month, anchored by robust demand in North America and strong performance of hybrid and new electric models in China, the Japanese automaker said on Thursday.

The company’s worldwide sales rose 4.8% year-on-year to 899,449 vehicles in July, a record for that month. Continue reading “Toyota’s July sales rise for seventh month on strong N.America, China EV demand”

(Reuters) – New car sales in Europe rose 5.9% in July, the best month for more than a year in a boost for the struggling industry as consumer confidence weakens, European Automobile Manufacturers Association data showed on Thursday.

Plug-in hybrid sales in the European Union recorded the biggest jump since at least January 2023, when the ACEA started reporting the figure, while those of battery-electric cars had the biggest increase since August 2023. Continue reading “Europe’s July car sales rise most since April 2024, BYD ahead of Tesla”

Source : PTI | Commercial vehicle dispatches from companies to dealers are expected to witness a volume growth of 3-5 per cent year-on-year in the current fiscal, rating agency Icra said on Wednesday.

Domestic commercial vehicle wholesale volumes reported a moderate 6.1 per cent year-on-year increase in July 2025, even as volumes declined sequentially by 2.7 per cent. Continue reading “Commercial vehicle volumes likely to grow by 3-5% this fiscal: Report”

Source : PTI | Rating agency ICRA expects India Inc to report muted revenue growth of 5-6 per cent in the second quarter of the fiscal as against 5.5 per cent in the preceding three months.

Coupled with softening of input costs such as crude oil and coal, this will result in a steady Operating Profit Margin (OPM) in the range of 18-18.2 per cent on a year-on-year (YoY) basis, it said in a release.

Continue reading “India Inc to report muted revenue growth of 5-6 pc in Q2: ICRA”

TOKYO, (Reuters) – Japanese automaker Mitsubishi Motors cut its operating profit forecast for the current fiscal year by 30% on Wednesday, citing the impact of U.S. import tariffs, weaker sales expectations, and rising selling costs.

The automaker now expects to post an operating profit of 70 billion yen ($475.12 million) for the fiscal year through next March, down from its previous estimate of 100 billion yen. Continue reading “Japan’s Mitsubishi Motors cuts full-year operating profit forecast by 30%”

BRUSSELS, (Reuters) – European Union targets to cut CO2 emissions from vehicles, including a 100% reduction for cars by 2035, are no longer feasible, the heads of the European automobile manufacturers’ and automotive suppliers’ associations said on Wednesday.

European Commission President Ursula von der Leyen is set to host automotive sector executives on September 12 to discuss the future of the sector, which is facing twin threats of Chinese competition in electric vehicles and U.S. tariffs. Continue reading “EU auto groups press for change to ‘no longer feasible’ car CO2 emission targets”

Summary

• AI theme dominates U.S. single stock leveraged ETF market
• 112 new leveraged ETFs launched in 2025, up from 38 in 2024
• Nvidia earnings likely to test AI leveraged ETF market
• Critics warn retail investors may not grasp leveraged ETF volatility

(Reuters) – AI hype that has helped push U.S. stocks to fresh records this year has driven an explosion in leveraged single stock exchange-traded funds, a universe of speculative products that is likely to be tested by Nvidia’s NVDA.O Wednesday earnings. Continue reading “Nvidia to set tone for booming AI leveraged ETF market”

(Reuters) – Mexico’s government is set to raise tariffs on Chinese imports, including cars, textiles, and plastics, as part of its 2026 budget proposal next month, Bloomberg News reported on Wednesday, citing three people briefed on the matter.

The tariff increases may also target other Asian countries, the report said, citing one of the sources. Continue reading “Mexico set to raise tariffs on imports from China, Bloomberg News reports”

(Reuters) – Ford Motor Company is recalling more than 355,000 trucks in the U.S over a issue with the instrument panel display, the National Highway Traffic Safety Administration said on Wednesday.

The recall affects certain Ford 2025-2026 models – F-550 SD, F-450 SD, F-350 SD, and F-250 SD – and the 2025 F-150. Continue reading “Ford to recall more than 355,000 trucks over instrument panel issue, NHTSA says”

Summary

• Investors have criticised dual role as CEO of Porsche and VW
• Appointment expected in the autumn, WirtschaftsWoche reports
• Porsche AG shares up 1.1%

BERLIN, (Reuters) – Porsche has begun the search for a successor to CEO Oliver Blume, a source close to the matter said, signalling what is likely to be the end of his dual role at the helm of the luxury sports car maker and parent Volkswagen . Continue reading “Porsche begins CEO search likely to end dual VW role, source says”

Start of Production of Maruti Suzuki’s first BEV, e VITARA for sales in over 100 countries and Suzuki’s first Lithium-ion battery, cell & electrode manufacturing in India for strong hybrid electric vehicles – Significant milestones in Make in India and Aatmanirbhar Bharat

• Hon’ble Chief Minister of Gujarat, Shri Bhupendra Patel, and Ambassador of Japan to India, H.E. Mr. Keiichi Ono grace the ceremony
• Manufactured exclusively at Maruti Suzuki’s Gujarat plant, first batch of e VITARA is set to sail for the European region from Pipavav port, this month
• Suzuki Group has invested over INR 1,00,000 crore in India. These investments have also led to the creation of over 11,00,000 direct jobs in the value chain

Hansalpur / New Delhi : Hon’ble Prime Minister, Shri Narendra Modi, today commemorated the Start of Production of Maruti Suzuki’s first Battery Electric Vehicle (“BEV”), e VITARA, for sales in over 100 countries, at Suzuki Motor Gujarat Private Limited (“SMG”), a wholly owned subsidiary of Maruti Suzuki India Limited (“Maruti Suzuki”). The Hon’ble Prime Minister also celebrated the start of local manufacturing of first Lithium-ion battery, cell & electrode for strong hybrid electric vehicle at TDS Lithium-Ion Battery Gujarat Private Limited (“TDSG”), Maruti Suzuki’s fellow subsidiary. Continue reading “Hon’ble Prime Minister Shri Narendra Modi commemorates two historic firsts in India”