(Reuters) – Mobileye Global forecast annual revenue below Wall Street expectations on Thursday, indicating uncertain demand for its assisted-driving chips as automakers navigate a challenging economic environment marked by high tariffs.
Shares of the Israel-based company fell 6% in premarket trading. Continue reading “Mobileye forecasts annual revenue below estimates as tariffs weigh on automakers”
Summary
(Reuters) – Shares in Volkswagen jumped to the top of Germany’s blue-chip DAX index on Thursday after Europe’s biggest carmaker reported better-than-expected 2025 net cash flow in its automotive division.
Its shares were 4.6% higher by 1058 GMT, putting them on track for their biggest one‑day gain in six months. Continue reading “VW shares jump to top of Germany’s DAX after it reports upbeat automotive cash flow”
National, 22nd January 2026: Ashok Leyland, the Indian flagship of the Hinduja Group and one of the country’s leading commercial vehicle manufacturers, today reintroduced two of its most legendry trucks—TAURUS and HIPPO. Revived for the modern era, TAURUS represents the high-horsepower tipper range, while HIPPO anchors the tractor portfolio. Their launch marks the return of names long synonymous with ruggedness and reliability, now re-engineered with next-generation technology to meet the evolving needs of India’s economy.
The vehicles were unveiled by Mr. Shenu Agarwal, Managing Director & CEO, Ashok Leyland, in the presence of Mr. Sanjeev Kumar, President – MHCV and Ms. Madhavi Deshmukh, National Sales Head, along with esteemed customers, dealers and representatives from the media. Continue reading “Ashok Leyland Reintroduces Iconic TAURUS and HIPPO Heavy-Duty Trucks”
(Reuters) – The German truck manufacturer Traton Group reported a net cash flow of 1.643 billion euros ($1.92 billion) for 2025, declining from last year but beating analyst consensus estimates of 1.011 billion euros.
Traton added that 2025 sales and adjusted operating return on sales were within forecast ranges and the current consensus. Continue reading “Traton reports full-year cash flow ahead of market expectations”
BERLIN, (Reuters) – The core brand group of German carmaker Volkswagen plans to cut back management positions and consolidate the production platform in a bid to save 1 billion euros ($1.2 billion) by 2030, it said on Wednesday.
The plan is to reduce the number of board members in Volkswagen’s core brand group by about a third by summer 2026, the company said in a statement. Continue reading “VW brands to cut board roles in push to save 1 billion euros”
Source : PTI | All-electric intercity bus services operator Fresh Bus on Tuesday announced signing an initial pact with Bengaluru-based energy-tech firm Exponent Energy and rolled out a sleeper e-bus fleet with a rapid charging facility.
The partnership plans to have 250 electric buses under this rapid-charging, long-range electric intercity bus platform, Fresh Bus said.
The company also said it aims to capture 10 per cent of India’s intercity market share by operating 10,000 EV buses, and this partnership with Exponent Energy is a monumental stride toward achieving that goal. Continue reading “Fresh Bus signs pact with Exponent Energy; rolls out sleeper e-bus fleet”
Source : PTI | E-waste and lithium-ion battery recycling firm Recyclekaro on Tuesday said it plans to invest around ₹500 crore by 2030 in a phased manner to develop research infrastructure and undertake a structured talent build-out over the next 12 to 24 months.
The company also inaugurated its Rare Earths and Advanced Materials Research Centre at Wada, Palghar, near Mumbai, aimed at advancing urban mining and critical material recovery from e-waste and end-of-life batteries amid its plans to scale rare earth processing capacity to 20,000 MT, supported by R&D-led process improvements.
Continue reading “Recyclekaro plans to invest about ₹500 crore by 2030”
BRUSSELS, (Reuters) – U.S. customs authorities will face a real challenge if President Donald Trump goes through with his threat to place tariffs on six EU countries – rather than the whole European Union – given the ease of movement of goods between EU members.
Trump has vowed to place increasing tariffs on goods from EU members Denmark, Finland, France, Germany, the Netherlands and Sweden, as well as non-EU states Norway and Britain, until the United States was allowed to buy Greenland. Continue reading “Explainer: Trump tariffs on six EU nations could create US customs headache”
BEIJING, (Reuters) – China’s industry ministry on Wednesday published revised requirements for approving new automakers and vehicles, asking car companies to set up platforms to monitor electric vehicle safety.
The revised rules, which will take effect in 2027, require automakers to track the safety status of all electric vehicles they sell, with data used to support vehicle improvements, the ministry said. Continue reading “China to require EV makers to monitor vehicle safety under new rules”
(Reuters) – Ford Motor is recalling 119,075 vehicles in the U.S. as the engine block heater may crack and leak coolant, potentially causing a short circuit and increasing the risk of a fire when the heater is plugged in, the National Highway Traffic Safety Administration said on Wednesday.
The recall includes certain Focus, Escape, Explorer and Lincoln MKC vehicles, the agency said. Continue reading “Ford recalls over 119,000 U.S. vehicles over engine block heater fire risk, NHTSA says”
Source : PTI | Global supply chains have entered an era of structural volatility, forcing companies and governments to re-evaluate how and where they invest and produce, and three in four business leaders are now prioritising resilience as a driver of growth, a new report said on Monday.
The World Economic Forum report, released ahead of its annual meeting 2026 here, said this volatility reflects a fundamental rewiring of global value chains, driven by geopolitics, industrial policy, the energy transition and technological acceleration. Continue reading “Global supply chains enter era of structural volatility: WEF”
Source : PTI | Czech automaker Skoda looks to expand its model range, including an electric car, in India while also leveraging its manufacturing footprint in the country to cater to various global markets, including Europe, as India nears a free trade pact with the EU, a senior company executive said on Tuesday.
Terming India as the most important non-European market for the Mlada Boleslav-headquartered firm, he noted that the group is “looking at it with a lot of hope and good perspective”, while trying to figure out which products to introduce to the world’s third-largest automobile market.
(Reuters) – The U.S. State Department has approved the potential sale of maritime patrol and reconnaissance aircraft and lightweight torpedoes and related equipment to Singapore in a deal valued at an estimated $2.3 billion, the Pentagon said on Tuesday.
The principal contractor is Boeing according to the Pentagon. Continue reading “State Department approves potential sale of aircraft, torpedoes to Singapore for $2.3 billion, Pentagon says”
(Reuters) – Tesla CEO Elon Musk said on Tuesday that early production rate of the company’s Cybercab robotaxi and its humanoid robot Optimus will be “agonizingly slow” before accelerating over time.
Much of Tesla’s $1.39 trillion valuation hinges on investor expectations for its self-driving technology and humanoid robots, even as the company’s core revenue and profit continue to come from electric vehicle sales. Continue reading “Tesla’s Cybercab, Optimus output to start ‘agonizingly slow’, ramp up later, Musk says”
(Reuters) – Italian luxury sports carmaker Lamborghini said on Tuesday it delivered 10,747 vehicles worldwide in 2025, slightly improving on its prior-year performance and achieving an all-time record.
Lamborghini, part of Germany’s Volkswagen group attributed the strong performance to its hybridisation strategy and solid results across all regions, with Europe, the Middle East and Africa (EMEA) region leading with 4,650 cars delivered, followed by the Americas with 3,347 and Asia Pacific with 2,750 deliveries. Continue reading “Lamborghini flags record deliveries at 10,747 cars in 2025 worldwide”
Summary
PARIS, (Reuters) – French automaker Renault Group said on Tuesday that its sales volumes rose 3.2% in 2025, as strong demand for its passenger vehicles, particularly overseas, helped offset a plunge in European van sales.
The group, which sells predominantly in Europe, said it sold 2.34 million vehicles in total, with growth of just 0.5% in Europe compared with 11.7% in its international markets, which include South Korea, Morocco and Latin America. Continue reading “Renault 2025 volumes up 3% as Clio, Sandero boost sales”
Summary
(Reuters) – Activist investor Elliott Investment Management on Sunday said the Toyota Group’s bid to take Toyota Industries private undervalues the forklift maker by almost 40% and proposed a growth plan that it said would more than double the company’s value by 2028.
Elliott called on shareholders not to tender into last week’s revised 18,800 ($119.24) yen per share offer by Toyota Motor, group company Toyota Fudosan and Toyota chairman Akio Toyoda. Continue reading “Elliott says offer for Toyota Industries is 40% undervalued, proposes alternative plan”
Summary
(Reuters) – China sold more goods to the world than ever in 2025, but export saleswoman Aimee Chen says it was the hardest of her roughly two-decade career.
After U.S. President Donald Trump’s tariff hikes led to U.S. orders plunging by a third, Chen’s pet products company moved to diversify geographies, chasing new and often lower-income markets like South America. The response mirrored China’s official trade policy, which led to a record $1.2 trillion surplus for 2025 despite new trade barriers. Continue reading “As U.S. orders fade, Chinese salespeople face tough grind in new markets”
(Reuters) – The U.S. National Highway Traffic Safety Administration said on Monday it opened a recall query into about 597,571 vehicles from General Motors over engine failure.
The recall affects GM vehicles equipped with a L87 6.2L V8 gas engine that experienced engine damage or failure, it said.
The auto safety regulator said it had received 36 Vehicle Owner Questionnaires (VOQs) alleging engine failure in vehicles subject to the prior recall. Continue reading “NHTSA opens probe into about 600,000 GM vehicles over engine failure issue”
Summary
BEIJING/SHANGHAI, (Reuters) – Tesla is poised to be one of the first automakers to benefit from Canada’s move to remove 100% tariffs on Chinese-made EVs, thanks to its early efforts to ship cars from its Shanghai plant there and its established Canadian sales network, experts say.
Under the deal announced last Friday, Canada will allow up to 49,000 vehicles to be imported annually from China with a tariff of 6.1% on most-favoured nation terms. Canadian Prime Minister Mark Carney said the quota could rise to reach 70,000 vehicles within five years. Continue reading “Tesla poised to be early winner as Canada opens door to Chinese-made EVs”
Source : PTI | Electric vehicle manufacturer VinFast India is planning to introduce three new models and double its sales infrastructure in the country this year, company CEO Tapan Ghosh said on Saturday.
The new products are designed around real usage patterns and premiumness, not just specifications on paper, and aim to deliver strong value for price-conscious Indian consumers, he stated. Continue reading “VinFast targets doubling outlets, 3 model launches this year”
Source : PTI | The Uttarakhand Transport Department is going to launch the ‘e-detection’ system from Monday, through which vehicles entering the state without the necessary valid certificates for driving will be automatically issued e-challans, officials said.
Accoriding to the officials, the ‘e-detection’ system has been installed at seven toll plazas in the state. Continue reading “Uttarakhand govt to launch ‘e-detection’ system from Monday to monitor vehicles entering state”
Summary
Pune, Maharashtra, 19th January, 2026: Kinetic Watts & Volts Ltd., the electric mobility arm of the Kinetic Group, has announced a comprehensive retail finance ecosystem for its electric scooter range through strategic partnerships with Hero FinCorp Ltd, Bajaj Finserv Ltd, and CleverPe.
These collaborations are aimed at making ownership of the Kinetic DX+ and DX electric scooters more accessible by offering a wide range of financing solutions, from traditional EMI-based lending to digital-first, technology-enabled payment options. Together, the three partners provide customers with flexibility, speed, and choice at Kinetic’s expanding network of authorised EV dealerships across India. Continue reading “Kinetic Watts & Volts Strengthens Retail Financing with Hero FinCorp, Bajaj Finserv and CleverPe for Kinetic DX EV Range”
Source : PTI | Delhi ranked third among states and Union territories in adopting electric vehicles, with EV penetration in the national capital reaching 11.6 per cent in the financial year (FY) 2024-25, according to a study.
Chandigarh topped the list with 12.1 per cent EV penetration in the financial year, followed closely by Goa at 11.9 per cent, as per the study by the Council on Energy, Environment and Water (CEEW). Continue reading “Delhi among top three in electric vehicle penetration: Study”
Source : PTI | A rationalisation of customs duties on imported luxury cars would help stimulate demand in the premium segment, leading to higher overall tax revenue for the government, according to Mercedes-Benz India Managing Director and CEO Santosh Iyer.
Besides, a more stable macroeconomic policy and improved fiscal management to arrest the ongoing decline of the rupee would help luxury car makers, which have been forced to increase prices due to rising input costs that, in turn, have had an impact on demand, Iyer told PTI when asked about expectations in the upcoming Union Budget. Continue reading “Rationalise customs duty on imported luxury cars: Mercedes-Benz India CEO”
Source : PTI | Tata Motors has sought targeted incentives for entry-level electric vehicles and support to the electric cars used in the fleet segment under the PM E-DRIVE scheme in the upcoming Union Budget.
In an interaction with PTI, Tata Motors Passenger Vehicles MD & CEO Shailesh Chandra said that while government interventions such as GST 2.0, repo rate reduction and tax regime changes have revived demand in the passenger vehicle industry, entry-level EVs continue to face pressure. Continue reading “Tata Motors seeks incentives for entry-level EVs in upcoming Budget”
Source : PTI | Electric vehicle manufacturer VinFast India is planning to introduce three new models and double its sales infrastructure in the country this year, company CEO Tapan Ghosh said on Saturday.
The new products are designed around real usage patterns and premiumness, not just specifications on paper, and aim to deliver strong value for price-conscious Indian consumers, he stated.
Continue reading “VinFast targets doubling outlets, 3 model launches this year”
Summary
DETROIT, – The Trump administration’s top auto policy officials on Saturday touted federal efforts to lower car prices by eliminating vehicle emissions regulations, as affordability remains a key concern among Americans.
Transportation Secretary Sean Duffy, Environmental Protection Agency head Lee Zeldin and U.S. Trade Representative Jamieson Greer toured the annual Detroit Auto Show to wrap up a two-day Midwestern swing that included stops at a Ford truck factory and Stellantis Jeep plant in Ohio on Friday. Continue reading “Trump administration touts push to lower car prices, de-emphasize EVs”
JERUSALEM, (Reuters) – An Israeli ministerial committee on Sunday approved a law that would allow shared ride hailing services such as Uber and Lyft to operate in Israel in a bid to lower taxi costs.
Under a reform promoted by the Transportation Ministry, the law – which still needs full parliamentary approval – would regulate and enable “technology-based transportation operators” using models successfully used globally. Continue reading “Bill to allow Uber, Lyft in Israel gains committee approval”
(Reuters) – Australia’s Syrah Resources said on Monday it agreed with Tesla to extend for the third time a deadline to resolve an alleged breach of their graphite supply agreement.
The 2021 agreement to supply 8,000 metric tons of graphite a year over four years is key to Syrah’s Vidalia, Louisiana operations and the company’s strategy to become the first major non‑Chinese supplier of the metal to the United States. Continue reading “Australia’s Syrah Resources buys more time for Tesla graphite supply deal”
Summary
WASHINGTON, (Reuters) – U.S. factory production unexpectedly increased in December amid a surge in primary metals output that offset a decline at motor vehicle assembly plants, but activity contracted in the fourth quarter against the backdrop of challenges from import tariffs.
Some improvement in manufacturing is expected this year as the drag from President Donald Trump’s sweeping import duties eases and tax legislation, which made bonus depreciation permanent among other perks, takes effect. An artificial intelligence investment boom is also seen providing support, though some economists warned the environment for manufacturers remained fragile, citing weak factory surveys. Continue reading “US manufacturing production rises on primary metals surge, outlook unclear”
SEOUL, (Reuters) – South Korea’s Hyundai Motor Group said on Friday it plans to appoint Milan Kovac, the former head of Tesla’s humanoid robot program, as an adviser as it seeks to bolster its competitiveness in robotics and artificial intelligence.
The auto group also plans to nominate Kovac as an outside director of the firm’s U.S. subsidiary Boston Dynamics.
Kovac, who announced plans to leave Tesla last June, became the lead of Tesla’s Optimus humanoid program in 2022 when he was appointed director of Optimus and Autopilot Engineering. Continue reading “Hyundai Motor Group to appoint former head of Tesla’s humanoid robot program as adviser”
Summary
AVON LAKE, Ohio, (Reuters) – Trump administration officials said on Friday that Canada would regret its decision to allow China to import up to 49,000 Chinese EVs, and that those cars would not be allowed to enter the United States.
“I think they’ll look back at this decision and surely regret it to bring Chinese cars into their market,” U.S. Transportation Secretary Sean Duffy said at an event with other government officials at a Ford factory in Ohio to tout efforts to make vehicles more affordable. Continue reading “US says Canada will regret decision to allow Chinese EVs into their market”
Summary
(Reuters) – German sports car maker Porsche suffered its biggest annual sales decline in 16 years in 2025, joining fellow Volkswagen subsidiary Audi and Mercedes-Benz in struggling with weak demand and fierce competition in China.
The company delivered 279,449 vehicles last year, down 10% overall compared to 2024. That was its steepest drop since 2009, when the global economic crisis hurt demand around the world, and Porsche sales slumped 24% year on year. Continue reading “Porsche reports worst sales drop since 2009 on weak China demand”
(Reuters) – British drivers turning to EVs are leading a change in colour preferences, as green-tinted cars sold in 2025 reached their highest volume in 20 years, industry body SMMT said on Friday.
Car colours rarely matter as a business metric, but they can reflect shifting tastes. In recent years those tastes have narrowed to plain shades of grey, prompting Fiat CEO Olivier Francois in 2023 to launch a campaign promoting more cheerful tones. Continue reading “EV shift repaints Britain’s car market green, industry body says”
(Reuters) – U.S. auto safety regulators have granted Tesla a five-week extension to respond to an investigation into whether its vehicles violated traffic laws while the Elon Musk-led company’s Full Self-Driving system was engaged.
The National Highway Traffic Safety Administration said on Friday it has extended the deadline for key responses until February 23 after Tesla requested more time to manually review thousands of records to identify incidents that may be relevant. Continue reading “Tesla gets 5-week extension in US probe of Full Self-Driving traffic violations”
Source : PTI | Changes in the Production Linked Incentive (PLI) scheme for automobiles in the upcoming Budget could help in removing barriers for the electric vehicle manufacturers, enabling more participation and enhanced adoption of green mobility in the country, according to Deloitte India.
In a pre-Budget interaction with PTI Videos, Deloitte India Partner Sheena Sareen stated that sales momentum is likely to continue into 2026, particularly for EVs, which already benefit from a concessional GST rate of 5 per cent. Continue reading “PLI scheme revamp for automobiles may enhance green mobility adoption: Deloitte India”
(Reuters) – Ford is in discussions with BYD to purchase batteries for its hybrid models, the Wall Street Journal reported on Thursday, at a time when the Detroit automaker deals with waning demand for electric vehicles.
The two companies are still discussing how the arrangement would work, the report said, citing people familiar with the matter. One option being considered is for Ford to use BYD batteries in markets outside the U.S., the report said. Continue reading “Ford, BYD in talks for hybrid vehicle battery deal, WSJ reports”
WAF THINK TANK
How real customer ratings are driving car brands and dealers forward WAF
The People’s Car, now lies under a Peepal Tree WAF Continue reading “WAF Auto News | The Auto World This Week (16th January 2026)”
AkzoNobel and the McLaren Mastercard Formula 1 Team have extended their highly successful long-running partnership – which includes expanding into the world of endurance racing.
In addition to continuing as the McLaren Mastercard Formula 1 Team’s exclusive Official Partner: Coatings Solutions, AkzoNobel has also become one of the first partners to join the McLaren United Autosports WEC Hypercar Team ahead of its entry into next year’s FIA World Endurance Championship. Continue reading “AkzoNobel and McLaren Racing extend partnership to accelerate shared passion for performance and innovation”
