STOCKHOLM, (Reuters) – S&P on Friday lowered the outlook for its BB+ credit rating on Volvo Cars to “negative” from “stable”, saying U.S. tariffs and tougher competition in China were hurting the company’s growth prospects.

The Sweden-based automaker, which is majority-owned by China’s Geely, last month withdrew its earnings guidance and announced cost cuts, which will include laying off some 3,000 mostly white-collar workers amid a slowdown in demand. Continue reading “S&P lowers outlook on Volvo Cars rating citing US tariffs, competition in China”

Summary

• Global economy has performed better than expected
• Trump’s back-pedalling a reason for optimism
• Economists warn outlook remains uncertain

FRANKFURT, (Reuters) – For all the drama surrounding U.S. President Donald Trump’s trade tariffs, the world economy is holding up better than many had expected.

The latest data from the United States, China and, to a lesser extent, Europe are showing resilience and the global economy as a whole is still expected to grow modestly this year. Continue reading “Global economy’s ‘sugar rush’ defies trade drama – for now”

Summary

• Five early investors, including CATL and Intel Capital, have sent letters
• Say offer values Zeekr far lower than some peers despite better prospects
• Geely plans to merge Zeekr into Geely Auto unit

HONG KONG/SHANGHAI, (Reuters) – China’s Geely is undervaluing its premium electric car unit Zeekr with the $2.2 billion take-private offer it has made, five early investors in Zeekr have written to its board, according to three sources with direct knowledge of the matter. Continue reading “Exclusive: Zeekr investors criticise Geely’s $2.2 billion take-private bid as inadequate, say sources”

Summary

• Great Wall Motor chairman openly fretted about industry’s health
• BYD exec criticizes his comments as alarmist, defends BYD’s debt
• Chinese auto shares tumbled this week over price war worries

BEIJING, (Reuters) – Tensions between two of China’s largest automakers erupted into the open on Friday when a BYD executive slammed as alarmist comments by the chief of Great Wall Motor that called the industry “unhealthy”. Continue reading “China’s BYD and Great Wall Motor clash over China’s auto price war”

Summary

• Volkswagen in US tariff talks, flags more investments
• CEO Blume: talks are “fair” and “constructive”
• Blume hopes for quick deal

BERLIN/FRANKFURT, (Reuters) – Volkswagen wants to make more big investments in the United States, CEO Oliver Blume said in an interview with a German newspaper on Friday, adding that tariff talks with the U.S. government were “fair” and “constructive”. Continue reading “Volkswagen flags ‘massive’ US investments and says tariff talks constructive”

(Reuters) – Hyundai Motor is considering a 1% price increase on its entire U.S. lineup, looking to soften a hit from U.S. President Donald Trump’s tariffs, Bloomberg News reported on Thursday, citing people familiar with the matter.

The price hikes could come as soon as next week and would affect the suggested retail price of every model in its lineup, the report said, adding that they would apply to newly built vehicles, leaving cars that are already in dealer lots unaffected. Continue reading “Hyundai considering 1% price hike on US vehicles to counter tariff hit, Bloomberg News reports”

DETROIT/WASHINGTON, (Reuters) – Ford Executive Chair Bill Ford on Thursday sounded the alarm over the potential for the U.S. government to eliminate production tax credits that support the manufacturing of electric vehicle batteries using Chinese technology.

The disappearance of the credits would threaten Ford’s projected $3 billion investment in a Marshall, Michigan, plant that is 60% complete and slated to employ 1,700 workers. Continue reading “Ford head says GOP tax bill provision could ‘imperil’ battery factory”

Summary

• Trump tariff uncertainty sidelines importers
• Port of Los Angeles May volume down double-digits from last year
• Holiday shipping season off to soft start at Port of Los Angeles

LOS ANGELES, (Reuters) – Importer uncertainty ahead of the vital holiday ocean shipping season remains high, the executive director of the busiest port in the U.S. said on Thursday, as a court battle broke out over President Donald Trump’s trade tariffs. Continue reading “Court battle over Trump tariffs prolongs shipper uncertainty as holiday season nears”

Source : PTI | Ride-sharing platform Rapido has partnered with the Society for Advanced Clinical and Therapeutic Emergency Medicine (SACTEM) to provide basic life support training to over 1,000 bike, auto and cab captains across 16 cities in the country, the company said on Wednesday.

The initiative was flagged off on the World Emergency Medicine Day, which is observed globally on May 27 every year. Continue reading “Rapido to provide basic life support training to over 1,000 drivers”

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JSW MG Motor India’s ‘MG SELECT’ Blends Innovation With Lifestyle Appeal WAF Continue reading “WAF Auto News | The Auto World This Week (30th May 2025)”

BEIJING, (Reuters) – Xiaomi tab rolled out its new sports utility vehicle in Beijing on Thursday, as the firm best known for smartphones and consumer electronics gears up to further challenge Tesla in the world’s largest auto market.

Xiaomi launched the YU7 at 13 of its Beijing showrooms and will start taking orders for the vehicle in July. It is keen to repeat the success of the sporty SU7 sedan, which launched last year and has outsold Tesla’s Model 3 on a monthly basis since December. Continue reading “Xiaomi’s Tesla Y rival YU7 hits showrooms in Beijing”

(Reuters) – Tesla shares rose more than 2% on Thursday after news that CEO Elon Musk was stepping away from the Trump administration, fueling hopes that he will sharpen focus on the automaker as it gears up for its hotly anticipated robotaxi debut.

Musk’s ties with U.S. President Donald Trump and his tilt toward right-wing politics in Europe had fueled waves of protests against Tesla in recent months, pushing some buyers away and rattling investors worried about brand damage. Continue reading “Musk’s Trump administration exit lifts Tesla shares on hopes of renewed focus”

The latest version of the iconic Golf GTI, makes its debut in India, the sportiest hot hatch delivering maximum thrill to Indian car enthusiasts

Summary Continue reading “A legend arrives: The power-packed, iconic Volkswagen Golf GTI makes its debut in India”

TOKYO, (Reuters) – Toyota said on Thursday its worldwide output and sales rose for a fourth consecutive month in April on strong demand for hybrid vehicles and rush buying in the United States over U.S. President Donald Trump’s import tariffs.

The world’s biggest automaker’s global sales for April increased 10% year-on-year to 876,864 vehicles, with U.S. sales climbing just as much, fuelled by strong demand, including rush-buying over the tariffs, according to Toyota. Continue reading “Toyota global output, sales rise for the fourth straight month in April”

SHANGHAI, (Reuters) – A large dealer of Chinese electric vehicle maker BYD’s, cars in the eastern province of Shandong has gone out of business with at least 20 of its stores found to be deserted or shut, government-owned media reported.

The Jinan Times, which is owned by the government of the provincial capital of Jinan, reported on Wednesday that Qiancheng Holdings, which ran BYD stores, had fallen into difficulties, affecting more than 1,000 consumers who were still owed warranty coverage and after-sales services. Continue reading “Big BYD dealer in eastern China goes out of business, local media reports”

Summary

• Chinese automaker BYD slashes prices on more than a dozen models
• One analyst says China’s auto industry headed for ‘a bloodbath’
• Automakers pressuring parts suppliers to cut their prices too

May 27 (Reuters) – An intensifying auto industry price war in China has stoked fears of a long-anticipated shake-out in the world’s largest car market.

Shares of China’s largest automakers sank Monday after Chinese electric-vehicle giant BYD offered fresh discounts across more than a dozen models, and an executive at another car company fretted openly about the country’s deepening price war. BYD’s moves cut the starting price of its cheapest model, the battery-powered Seagull hatchback, to 55,800 yuan ($7,765), from nearly $10,000. Continue reading “China auto market price war stokes fears of industry shake-out”

Summary

• Filosa previously led Jeep brand, South America region
• Will need to revive business, manage EV transition
• Some investors say outsider was needed
• Stellantis shares close down 2.2%

MILAN, (Reuters) – Stellantis named its North American chief Antonio Filosa as CEO on Wednesday, as the world’s fourth-biggest automaker by sales seeks to turn around its performance, boost its flagging share price and recover lost U.S. market share. Continue reading “Jeep-maker Stellantis names insider to lead revival”

(Reuters) – Ford Motor is recalling nearly 1.1 million vehicles in the United States because rearview cameras may not display images due to a software issue, increasing the risk of a crash.

The recall covers some 2021 through 2024 model year Bronco, F-150, Edge, and 2023-2024 Escape, Corsair, F-250, F-350, F-450, F-550 and F-600 vehicles, the automaker said Wednesday in a filing with the National Highway Traffic Safety Administration. Continue reading “Ford recalls nearly 1.1 million vehicles over rearview camera software issue”

Summary

• Amazon and Stellantis’ SmartCockpit partnership is winding down, the companies say
• The project is the latest software effort to stall out at a Detroit automaker
• The companies planned to make the car an extension of home through technology

DETROIT, (Reuters) – Amazon’s deal with Stellantis to create in-car software that the companies hoped would transform the driving experience while bolstering their vehicle-tech credentials is “winding down,” the companies confirmed after a Reuters inquiry. Continue reading “Exclusive: Amazon’s in-car software deal with Stellantis fizzles”

Summary

• German carmakers hope to use US investments, exports as leverage
• They propose getting credits for cars they export from US
• US is biggest export market for VW, BMW and Mercedes

BERLIN, (Reuters) – Germany’s leading automakers are in talks with Washington over a possible import tariff deal, seeking to use their U.S. investments and exports as leverage to soften any blow, three people familiar with the matter said. Continue reading “German carmakers in talks with US over possible tariff deal, sources say”

Summary

• Nissan’s closure of Oppama plant would affect 3,900 workers, Yokosuka’s economy
• Plant was once a symbol of Japan’s industrial prowess
• Nissan’s job cuts signal shift in Japan’s employment culture

YOKOSUKA, Japan, (Reuters) – When Nissan’s Oppama plant opened in 1961, it was one of Japan’s first large-scale auto factories and a symbol of the company’s global ambitions. Sixty-four years and millions of cars later, the storied plant now faces possible closure as Nissan sinks deeper into crisis. Continue reading “Factory that symbolised Nissan’s rise may become victim of its decline”

Source : PTI | Jupiter Wagons Ltd’s electric vehicle arm Jupiter Electric Mobility (JEM) on Tuesday said it has signed an initial pact with logistics platform Pickkup for deploying 300 units of its electric light commercial vehicle Tez for last-mile deliveries. The company has already delivered the first batch of these vehicles, following extensive pilot runs across both intra-city and inter-city routes, JEM said.

The vehicles exhibited a consistent range of more than 190 km, reaching up to 220 km in a single charge across varying operating conditions ranging from heavy urban roads to intercity corridors such as Delhi to Chandigarh, the company said.

Continue reading “Jupiter Wagons signs pact with Pickkup for deploying 300 electric LCVs”

Source : PTI | Uttar Pradesh has maximum number of registered electric vehicles in the country at 4.14 lakh, surpassing even Delhi and Maharashtra, an official statement said on Wednesday.

While Delhi has 1.83 lakh registered EVs, Maharashtra has 1.79 lakh.

Uttar Pradesh has also emerged as the biggest beneficiary of the Centre’s FAME I and FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India) schemes, further bolstering its e-mobility efforts, according to the statement.

Continue reading “UP has maximum number of registered EVs”

In an era where personalisation and experience define brand loyalty, JSW MG Motor India is steering automotive retail into uncharted territory with its luxury brand channel, MG SELECT. Departing from conventional dealership models, this channel draws inspiration from luxury art galleries, crafting retail spaces that engage customers on a deeper emotional level.

Speaking to Mobility Outlook, Milind Shah, Interim Head – MG SELECT, explained that the initiative aims to move beyond transactional showrooms to create immersive, sensory-driven environments. Through curated art installations, brand heritage exhibits, and thoughtfully designed spatial elements, it offers an experience that reflects minimalism, elegance, and emotion—strengthening the bond between the customer and the brand. Continue reading “JSW MG Motor India’s ‘MG SELECT’ Blends Innovation With Lifestyle Appeal”

TOKYO, (Reuters) – Japan’s struggling Nissan is considering raising more than 1 trillion yen ($7 billion) from debt and asset sales which would include a syndicated loan guaranteed by the UK government, Bloomberg News said on Wednesday.

The country’s third-biggest automaker plans to issue as much as 630 billion yen worth of convertible securities and bonds, including high-yielding U.S. dollar and euro notes, Bloomberg News said, citing documents it had seen. Continue reading “Nissan plans $7 billion funding, including loan backed by UK government, Bloomberg News says”

Summary

• Toyota to transfer production of North America-bound GR Corolla from Japan
• To spend $56 million on dedicated line, dispatch engineers from Japan
• Move is aimed at using excess capacity in Britain

TOKYO, (Reuters) – Toyota is moving some production of its GR Corolla sports car to Britain and will spend around $56 million on a dedicated line there to build exports for North America, according to two people with knowledge of the matter. Continue reading “Exclusive: Toyota to move some GR Corolla production to Britain, sources say”

BEIJING, (Reuters) – China’s Xiaomi on Tuesday reported record first-quarter revenue and profit, as the company said its ongoing shift towards higher-end products from smartphones to home appliances was already paying off.

Revenue for the quarter ended March 31 was 111.3 billion yuan ($15.48 billion), up 47% year-on-year and beating the 107.6 billion yuan average of 17 analyst estimates compiled by LSEG. Continue reading “Xiaomi reports record first-quarter revenue as it launches new electric SUV”

Summary

• European car sales down 0.3% year-on-year in April
• Battery-electric car sales jump 27.8%
• Tesla sales drop 49%, falling for fourth straight month

(Reuters) – Tesla’s sales in Europe fell 49% in April from a year earlier, even though battery-electric car sales rose 27.8%, as the U.S. EV maker’s upgrade of its Model Y shows little sign of reviving the brand’s fortunes in the region. Continue reading “Tesla misses out on European EV growth as Model Y fails to revive sales”

SAO PAULO, (Reuters) – Brazilian labor prosecutors filed a lawsuit on Tuesday against Chinese carmaker BYD holding it responsible for human trafficking and “slavery-like conditions” for workers building a factory in its biggest market outside China.

The lawsuit seeks 257 million reais ($45 million) in moral damages from BYD and two contractors, JinJiang and Tecmonta, according to the statement from the labor prosecutors’ office, along with individual compensation for workers. Continue reading “Brazil prosecutors sue Chinese carmaker BYD for violating labor rights”

Summary

• Chinese automaker BYD slashes prices on more than a dozen models
• One analyst says China’s auto industry headed for ‘a bloodbath’
• Automakers pressuring parts suppliers to cut their prices too

(Reuters) – An intensifying auto industry price war in China has stoked fears of a long-anticipated shake-out in the world’s largest car market.

Shares of China’s largest automakers sank Monday after Chinese electric-vehicle giant BYD offered fresh discounts across more than a dozen models, and an executive at another car company fretted openly about the country’s deepening price war. BYD’s moves cut the starting price of its cheapest model, the battery-powered Seagull hatchback, to 55,800 yuan ($7,765), from nearly $10,000. Continue reading “China auto market price war stokes fears of industry shake-out”

Source : PTI | Jupiter Wagons Ltd’s electric vehicle arm Jupiter Electric Mobility (JEM) on Tuesday said it has signed an initial pact with logistics platform Pickkup for deploying 300 units of its electric light commercial vehicle Tez for last-mile deliveries. The company has already delivered the first batch of these vehicles, following extensive pilot runs across both intra-city and inter-city routes, JEM said.

The vehicles exhibited a consistent range of more than 190 km, reaching up to 220 km in a single charge across varying operating conditions ranging from heavy urban roads to intercity corridors such as Delhi to Chandigarh, the company said.

Continue reading “Jupiter Wagons signs pact with Pickkup for deploying 300 electric LCVs”

SAO PAULO, (Reuters) – Chinese automaker GAC announced on Friday its product launch in Brazil, saying it expects its line of hybrid and electric cars to garner market acceptance that would allow it to start building a factory in the country in late 2026.

GAC’s move comes at a time of growing competition in the world’s sixth-largest automotive market, where sales of electric vehicles have been speeding up and other Chinese companies – such as BYD, Chery and GWM – have also made inroads in recent years. Continue reading “China’s GAC starts auto sales in Brazil, eyes local plant by late 2026”

TOKYO, (Reuters) – Advisory firm Glass Lewis has recommended shareholders re-elect Toyota Motor Chairman Akio Toyoda at this year’s annual general meeting in June.

Glass Lewis had recommended that shareholders vote against his re-election the past two years. Toyoda’s position at the automaker has come under scrutiny over governance concerns. Continue reading “Advisory firm Glass Lewis backs Toyota chairman re-election”

(Reuters) – Tesla’s sales in Europe fell 49% in April from a year earlier, even as battery-electric sales rose by 27.8%, as the U.S. EV maker’s upgrade of its Model Y shows little sign of improving the brand’s tarnished image in the region.

Overall car sales in the region remained roughly consistent with last year, falling just 0.3%, with the strongest sales growth coming from electric and plug-in hybrid cars, data by the European Automobile Manufacturers Association (ACEA) showed. Continue reading “Car sales in Europe dip slightly in April, Tesla’s 49% drop tempers EV gains”

Summary

• Layoffs represent some 15% of company’s total office staff
• Group announced plans last month to slash costs by $1.9 billion
• Volvo Cars more exposed than many European peers to U.S. tariffs

STOCKHOLM, (Reuters) – Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said on Monday. Continue reading “Volvo Cars to slash 3,000 jobs in white-collar cutback”

Summary

• BYD, Geely and Nio shares fall by up to 9.5%
• BYD move intensifies China’s auto price war
• Great Wall Motor CEO says industry is in an unhealthy state

SHANGHAI, (Reuters) – Shares in Chinese automakers such as BYD, Nio and Geely tumbled on Monday after industry leader BYD offered fresh incentives on over 20 models and the CEO of Great Wall Motors warned that the world’s largest auto industry was in an unhealthy state. Continue reading “China auto shares sink after BYD offers trade-in incentives”

SHANGHAI, (Reuters) – China’s commerce ministry will meet industry bodies and automakers including BYD and Dongfeng Motor to discuss increasing sales of “used cars” that were never driven, a person with direct knowledge of the matter said.

The meeting is set for Tuesday afternoon, the person said, speaking on condition of anonymity as details of the meeting were confidential. Continue reading “Exclusive: China regulator summons automakers to discuss ‘zero-mileage’ used car sales”

Source : PTI | Tata Motors has paid ₹38,892 crore in tax and other contributions globally in 2024-25, a dip of 1 per cent as compared with ₹39,344 crore in the FY24, according to its inaugural Tax Transparency Report. Direct contributions, including, corporate income tax, surcharge and cess stood at ₹25,766 crore last fiscal as compared with ₹29,199 crore in 2023-24 fiscal, as per the report.

Indirect contributions, including withholding taxes collected from employee/payroll taxes, stood at ₹12,189 crore in FY25, an increase of 31 per cent against ₹9,284 crore in 2023-24 fiscal. Continue reading “Tata Motors global tax outgo at ₹38,892 crore in FY25”

Source : PTI | Clean-tech company Himadri Speciality on Thursday said it will acquire a 16.24 per cent stake in International Battery Company to increase its presence in the mobility and energy storage sectors. Himadri has already made an investment of $4.43 million (approximately ₹37.47 crore) in the US-based technology developer and manufacturer of lithium-ion (Li-ion) cells, the company said without disclosing the deal size and timeline for completion of the transaction.

The investment, made through a combination of preferred and common shares, gives Himadri representation on the board of International Battery Company.

Continue reading “Himadri Speciality to pick 16% stake in US-based International Battery Company”