Summary
SAN FRANCISCO, (Reuters) – Motorists have traded in a record number of Tesla electric vehicles this month, Edmunds data showed, amid a wave of protests against CEO Elon Musk’s work as an adviser to U.S. President Donald Trump. Continue reading “Exclusive: Tesla trade-ins on pace for record high amid Musk backlash”
(Reuters) – Tesla was removed from the Vancouver International Auto Show in Canada because of safety concerns, the event organizers said on Thursday.
“The Vancouver International Auto Show has removed Tesla as a participant in this week’s event, after the automaker was provided multiple opportunities to voluntarily withdraw,” Eric Nicholl, executive director for the auto show said. Continue reading “Tesla removed from Vancouver International Auto Show on safety concerns”
Summary
WASHINGTON, (Reuters) – Tesla is recalling nearly all Cybertrucks in the United States to fix an exterior panel that could detach while driving, the company said on Thursday, the latest in a series of call-backs for the pickup truck. Continue reading “Tesla recalls most Cybertrucks due to trim detaching from vehicle”
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Cars to Get Costlier April 1, 2025 Onwards CarPhD Continue reading “WAF Auto News | The Auto World This Week (21st March 2025)”
JSW MG Motor India has introduced the Comet EV 2025, a futuristic and tech-savvy electric vehicle designed to enhance urban mobility. Priced at INR 4.99 lakh, with a Battery-as-a-Service (BaaS) option at INR 2.5/km, the latest iteration of India’s street-smart EV offers enhanced convenience, advanced tech features, and a stylish design. Customers can now book the MG Comet EV 2025 and the recently launched Comet BLACKSTORM Edition for INR 11,000 at MG dealerships across India. Continue reading “JSW MG Motor India Unveils Comet EV 2025 With Enhanced Features, Smart Pricing”
FRANKFURT, (Reuters) – Container shipping liner Hapag-Lloyd on Thursday reported an 18.9% lower net profit for 2024 and proposed a 11.4% cut in its divided versus 2023, citing lower interest income and higher tax expenses.
Key earnings figures for 2025 were expected to range below those reported for 2024, said Chief Executive Rolf Habben Jansen, attributing this to considerable uncertainty amid volatile freight rates and major geopolitical changes. Continue reading “Hapag-Lloyd posts 19% lower net profit in 2024, to cut dividend”
(Reuters) – Tesla is recalling 46,096 Cybertruck vehicles in the U.S. to fix an exterior panel that could detach while driving, adding to a series of call-backs for the pickup truck since last year.
This could prove to be a setback for Tesla, with the success of the Cybertruck seen as instrumental to its growth, as the company grapples with rising competition and an aging lineup while consumers, faced with high borrowing costs, choose less expensive hybrids. Continue reading “Tesla recalls over 46,000 Cybertrucks as trim detaching from vehicle”
MILAN, (Reuters) – Potential U.S. tariffs on European-made products could hit revenue at Lamborghini, its CEO said, as the sports carmaker posted strong results for last year, despite a contraction in the luxury market.
The Italian carmaker, part of the Volkswagen group , said on Thursday its revenues rose 16% last year to 3.09 billion euros ($3.31 billion), while its operating profit was up 15.5% to 835 million euros, topping the 800 million euros threshold for the first time. Continue reading “Lamborghini sees tariff threat to US volumes after strong 2024 results”
Summary
ROME, (Reuters) – The chairman of Stellantis said on Wednesday that Europe’s automotive industry does not need to convert to defence production, while confirming the group is on course to appoint a new CEO in the first half of this year. Continue reading “Europe’s carmakers should steer clear of defence industry, Stellantis’ Elkann says”
WASHINGTON (Reuters) – Amazon.com’s self-driving unit Zoox agreed to recall 258 vehicles due to issues with its automated driving system that could cause unexpected hard braking, after a U.S. investigation, according to a company filing Wednesday.
The recall affects vehicles equipped with self-driving software versions released before November 5. The California-based company said it has addressed the issue by updating the software on the company-owned vehicles. Continue reading “Amazon’s robotaxi unit Zoox agrees recall over braking issue”
(Reuters) – Vehicle thefts in the United States recorded their biggest yearly drop in four decades as automakers, mainly Hyundai and Kia, bolstered anti-theft measures, while easing supply chain constraints made stealing vehicles for parts less lucrative.
Hyundai and Kia cars topped the list of the most stolen vehicles in 2021 and 2023 as their lack of immobilizers made them easy targets for stealing, fuelling viral social media trends such as the “Kia Boys”. Continue reading “Hyundai, Kia’s anti-theft measures fuel steep dip in US vehicle thefts”
(Reuters) – Hino Motors a subsidiary of Japanese automaker Toyota pleaded guilty on Wednesday over a multi-year emissions fraud scheme in the United States and must pay $1.6 billion in penalties, the U.S. Justice Department said.
U.S. District Court Judge Mark Goldsmith in Detroit accepted the Japanese truck and engine manufacturer’s guilty plea and sentenced the company to pay a fine of $521.76 million and serve five years of probation during which it will be prohibited from importing diesel engines it manufactured into the United States. Continue reading “Toyota’s Hino Motors pleads guilty to US emissions fraud, fined $1.6 billion”
Source : PTI | Union Road Transport and Highways Minister Nitin Gadkari on Wednesday said the government will soon announce a new policy for toll charges on national highways, offering a reasonable concession to consumers. Replying to queries in Rajya Sabha, the minister asserted that the government is spending a lot on building road infrastructure and therefore toll charges are necessary.
“It is the policy of the department that when you want good road, you have to pay for it,” Gadkari said. Continue reading “Govt to announce new toll policy soon, will give reasonable concession to consumers, says Nitin Gadkari”
Source : PTI | Tyre maker CEAT Ltd is seeking to strengthen its play in the premium ultra-high performance and luxury four-wheeler segment that is expected to significantly grow in the next three to five years, company MD and CEO Arnab Banerjee said on Wednesday. The company, which launched three new products ZR-rated, CALM Technology and Run-Flat tyres, is preparing itself to address an emerging trend in the premium 17-inch plus tyre segment, he told PTI.
“The saliency of this segment is about 8-10 per cent today in the aftermarket and it is going to grow much faster than the rest of the market. It could be as high as 25-30 per cent in three to five years time,” Banerjee said. Continue reading “CEAT looks to strengthen play in premium car tyre segment”
Source : PTI | A bill to amend the Maharashtra Motor Vehicles Act 1958 was tabled in the assembly on Wednesday with the aim of increasing vehicle tax and potentially generating additional revenue. The Maharashtra Motor Vehicles Tax (Amendment) Act 2025 bill proposes to increase the maximum limit of one-time tax for motorcycles, tricycles, motorcars and omni bus.
The tax on compressed natural gas (CNG) or liquified petrol gas (LPG) vehicles will be increased by one per cent. Continue reading “Bill to hike motor vehicles tax tabled in Maharashtra assembly”
Source : PTI | Prices of electric vehicles (EVs) will be equal to those of petrol vehicles in the country within six months, Union Road Transport and Highways Minister Nitin Gadkari said on Wednesday. Addressing the 32nd Convergence India and 10th Smart Cities India Expo, Gadkari further said the construction work of the 212-km Delhi-Dehradun access-controlled expressway will be complete in the next three months.
“Within six months, the cost of electric vehicles will be equivalent to the cost of petrol vehicles,” he said. Continue reading “Prices of EVs to be same as petrol cars in 6 months, says Gadkari”
SEOUL, (Reuters) – South Korean battery maker SK On said on Wednesday that it had won a deal to supply batteries for electric vehicles for Nissan Motor in the United States.
SK On plans to provide batteries for Nissan’s next generation electric vehicles that will be built in the Japanese carmaker’s factory in Mississippi in the United States, the South Korean firm said in a statement. Continue reading “South Korea’s SK On wins EV battery deal with Nissan”
SHANGHAI, (Reuters) – China’s BYD has unveiled a megawatt charging system that it says can charge an EV as quickly as filling up a fuel tank, and said it will build a network across China, igniting a new super charging race.
Here are more details about the Chinese electric vehicle giant’s new technology and why the fast-charging space is attracting interest: Continue reading “Why are Chinese automakers like BYD launching fast-charging EV systems?”
LONDON, (Reuters) – Bentley on Wednesday posted its lowest annual revenue since the COVID pandemic struck in 2020 as the British luxury automaker faced a tough global market in 2024, but said it was pursuing “value over volume” with revenue per car up 10% versus 2023.
The Volkswagen unit reported an operating profit for 2024 of 373 million euros ($407 million), down 37% from 589 million euros the previous year. Continue reading “In tough global market, Bentley posts lowest revenue since 2020”
FRANKFURT, (Reuters) – Volkswagen said on Wednesday it sold a 2.2% stake in Traton for 360 million euros ($393 million) or 32.75 euros per share for better trading in shares of the commercial-vehicles subsidiary.
Volkswagen late on Tuesday said the transaction would enhance the free float and trading liquidity of Traton shares and that Volkswagen would remain a “committed and responsible shareholder”. Continue reading “Volkswagen sells 360-million-euro Traton stake for 32.75 euros per share”
SAN FRANCISCO, (Reuters) – Tesla on Tuesday received the first in a series of approvals from California required for the electric car maker to eventually launch a promised robotaxi service in the state, according to a state regulator.
The California Public Utilities Commission (CPUC) said it approved Tesla’s application for a transportation charter-party carrier permit (TCP), a license typically associated with chauffeur-operated services, allowing the company to own and control a fleet of vehicles and transport employees on pre-arranged trips. Continue reading “Tesla gets first in a series of permits it needs to run robotaxis in California”
(Reuters) – General Motors will use artificial intelligence chips and software from Nvidia to develop autonomous vehicle technology for its vehicles and improve workflow at its factories, the companies said on Tuesday.
Traditional automakers have struggled to commercialize autonomous technology that has been more challenging and expensive than expected but has emerged as a way to boost sales and rake in subscription revenue from motorists. Continue reading “GM to use Nvidia AI chips, software to automate vehicles, factories”
(Reuters) – U.S. Attorney General Pam Bondi on Tuesday condemned recent violent attacks on Tesla property, adding the Department of Justice has already charged several perpetrators.
“The swarm of violent attacks on Tesla property is nothing short of domestic terrorism,” Bondi said in a statement. Continue reading “US attorney general calls attacks against Tesla property ‘domestic terrorism’”
Source : PTI | New Delhi: Bengaluru-based EV startup Pravaig’s all-terrain stealth vehicle, Veer — the world’s first operational EV designed for tactical defense use — has undergone military trials and won the prestigious iDEX award from the Ministry of Defence. “In a major step towards strategic autonomy, Pravaig has won the prestigious iDEX Award for its VEER Electric Tactical All-Terrain Vehicle (E-TATV) — a cutting-edge, highly stealthy vehicle designed for forward patrolling, reconnaissance, and ISR operations,” Pravaig Dynamics said in a post on X.
Atima Corporation, a wholly-owned subsidiary of Pravaig, won the iDEX Award by the Defence Innovation Organisation (DIO), under the aegis of the Department of Defence Production in the Ministry of Defence, “for deepening India’s sovereignty by building cutting-edge defence technologies and reinforcing the country’s strategic autonomy.” Continue reading “Pravaig’s all-terrain stealth vehicle undergoes military trials, gets iDEX recognition”
Source : PTI | The Competition Commission of India (CCI) on Monday approved the proposed acquisition of 100 per cent stake each in O2 Power Midco Holdings and O2 Energy SG by JSW Neo Energy. JSW Neo Energy is a wholly-owned subsidiary of JSW Energy, which belongs to the JSW Group. JSW Energy (through its subsidiaries) engaged in power generation and transmission through conventional and non-conventional sources.
‘The proposed combination involves the acquisition by JSW Neo Energy Ltd of 100 per cent shareholding of O2 Power Midco Holdings Pte Ltd (O2 Midco) and O2 Energy SG Pte Ltd (O2 Energy),’ the CCI said in a release. Continue reading “CCI approves JSW Neo Energy’s acquisition of O2 Power’s renewable assets”
Source : PTI | India has the potential to be among the top five markets globally for the Maybach range with demand for high-end luxury vehicles likely to grow steadily in the country, Mercedes-Maybach Head Daniel Lescow said on Tuesday. Mercedes-Benz saw sales of Maybach portfolio increase over 140 per cent year-on-year last year in India at over 500 units.
The luxury carmaker has further enhanced the range in the country by introducing the Maybach SL 680 Monogram Series, priced at Rs 4.2 crore (ex-showroom).
Continue reading “India can be among top five Maybach markets globally: Mercedes”
Source : PTI | Union Road Transport and Highways Minister Nitin Gadkari on Wednesday said the government will soon announce a new policy for toll charges on national highways, offering a reasonable concession to consumers. Replying to queries in Rajya Sabha, the minister asserted that the government is spending a lot on building road infrastructure and therefore toll charges are necessary.
“It is the policy of the department that when you want good road, you have to pay for it,” Gadkari said. Continue reading “Govt to announce new toll policy soon, will give reasonable concession to consumers, says Nitin Gadkari”
Source : PTI | New Delhi: Ride-sharing company Uber on Wednesday announced new safety measures for riders and drivers on its two-wheeler offering “Moto” including initiatives aimed at improving helmet adoption and a feature that would allow female drivers to filter for female riders. The new safety feature for “Uber Moto” includes AI-powered helmet selfies for drivers as well as in-app helmet “nudges” for riders.
Uber said it is ramping up safety for two-wheeler riders and drivers with new tech-led features and distribution of 3,000 safety kits across the country. Over half of the rides on Uber today happen over auto and moto services in India. Continue reading “Uber unveils new safety measures for 2-wheeler riders, drivers”
Skoda Auto Volkswagen India Private Limited (SAVWIPL) has achieved a significant milestone by producing 500,000 locally manufactured engines at its state-of-the-art facility in Chakan, Pune. The plant’s emphasis on technological advancements and sustainability has enabled it to meet global quality standards while ensuring cost efficiency. This milestone reflects the Group’s long-term strategy of integrating India into its global supply chain for high-quality automotive components. Continue reading “Skoda Auto Volkswagen India Surpasses 500,000 Locally Manufactured Engines”
TOKYO, (Reuters) – Japanese automaker Honda Motor will procure batteries for its hybrid vehicles from Toyota Motor’s plant in the United States in an effort to reduce tariff risks under the Trump administration, the Nikkei newspaper reported on Monday.
From fiscal 2025, Japan’s second-biggest automaker will take in Toyota’s U.S.-made batteries for about 400,000 vehicles, which will be enough for all of its hybrid cars it sells in the country, the newspaper said. Continue reading “Honda to procure Toyota’s US-made batteries in tariff response, Nikkei reports”
(Reuters) – Honda and Suzuki will pool carbon emissions with U.S. electric vehicle maker Tesla in 2025 to comply with European Union rules, an EU filing showed on Monday.
The pool also includes Stellantis , Toyota, Ford, Mazda and Subaru, the filing shows. Continue reading “Honda, Suzuki to join Tesla’s CO2 emissions pool for 2025”
TORONTO, (Reuters) – Toronto is no longer providing financial incentives for Tesla vehicles purchased as taxis or ride shares due to trade tensions with the United States, the city’s mayor, Olivia Chow, said on Monday.
The city is promoting the adoption of electric vehicles purchased as vehicles for hire by giving drivers and owners a reduction in licensing fees and renewal fees until the end of 2029, to help it lower emissions. Continue reading “Toronto excludes Tesla from EV incentive due to US trade war”
Summary
(Reuters) – President Donald Trump’s tariff hikes will drag down growth in Canada, Mexico and the United States while driving up inflation, the OECD forecast on Monday, just as Trump promised to press ahead with a new wave of levies in early April. Continue reading “OECD warns of tariff drag on growth as Trump vows to press on with levies”
Summary
BERLIN, (Reuters) – Volkswagen’s Audi will cut up to 7,500 jobs in Germany by 2029 in areas like administration and development, the premium carmaker said on Monday, the latest German auto industry player to reduce costs. Continue reading “Volkswagen’s Audi to cut 7,500 jobs in administration, development by 2029”
Summary | Elon Musk’s EV company is struggling as he plunges into politics. Robyn Denholm, the Australian chair of Tesla, is thriving after cashing in half a billion dollars of the stock. Investors are clamoring for her to rein in the world’s richest man – but some question whether she has the independence to do so.
SYDNEY – Billionaire entrepreneur Elon Musk is drawing political flak as he champions right-wing causes in Europe and leads President Donald Trump’s slashing of the U.S. federal workforce. The controversy is pummeling sales at Tesla, the electric-vehicle giant Musk runs. Its stock has plunged – down 15% on March 10 alone – and investors are yelping in pain. Continue reading “As Tesla tanks, Musk’s hand-picked board chair is doing just fine”
Source : PTI | Traffic violations surged by more than 100 per cent during Holi celebrations this year, an official said on Saturday. A total of 7,230 challans were issued on Holi this year, marking a sharp increase from 3,589 violations recorded in 2024, he said.
According to a police statement, the number of people caught for drunken driving surged to 1,213 in 2025 compared to 824 in 2024. Similarly, helmet-related violations increased by 56 per cent to 2,376 this year from 1,524 challans in 2024. Continue reading “Traffic violations surge over 100% during Holi in 2025”
LONDON, (Reuters) – Tech companies must start putting in place measures to protect users from child sexual abuse images and other illegal content in Britain from Monday as enforcement of its online safety regime ramps up.
Media regulator Ofcom said Meta’s Facebook, ByteDance’s TikTok, Alphabet’s YouTube and other companies must now implement measures such as better moderation, easier reporting and built-in safety tests to tackle criminal activity and make their platforms safer by design. Continue reading “Tech firms must start protecting UK users from illegal content”
BEIJING, (Reuters) – BYD on Monday unveiled a new platform for electric vehicles (EVs) that it said could charge EVs as quickly as it takes to pump gas and announced for the first time that it would build a charging network across China.
The so-called “super e-platform” will be capable of peak charging speeds of 1,000 kilowatts (kW), enabling cars that use it to travel 400 km (249 miles) on a 5-minute charge, founder Wang Chuanfu said at an event livestreamed from the company’s Shenzhen headquarters. Continue reading “BYD unveils new super-charging EV tech, to build charging network in China”
MILAN, (Reuters) – Automaker Stellantis is investing 38 million euros ($41 million) in its Verrone plant in Northern Italy to manufacture parts for electric engines for its upcoming small-size models, it said on Monday.
The plant will manufacture steel components for electric drive modules Stellantis currently makes in other European facilities, the company said in a statement, adding production is expected to start at the end of 2027. Continue reading “Stellantis invests $41 million in Italy to make EV engine parts”
BEIJING, (Reuters) – The joint venture of Volkswagen and FAW Group (SASACJ.UL) said on Monday it will launch 11 new Volkswagen and Jetta branded models tailored for the China market from 2026.
The new models, as part of a deal signed in Wolfsburg between FAW and VW, include six electric vehicles, two plug-in hybrids, two extended-rangers and one gasoline, the joint venture said in a statement. Continue reading “Volkswagen, FAW venture to launch 11 new models tailored for China from 2026”
