Summary

• Q3 sales up 6.8% vs forecast 6.2% increase
• Boosted by new cars like Dacia SUV
• Pricing benefit weaker on tough comparison vs year ago

PARIS, (Reuters) – Renault Group beat forecasts with a 6.8% rise in third-quarter revenue on Thursday, as popular new models such as the Dacia Bigster and its financial services business offset a weaker commercial vehicle market.

However, the benefit from higher-priced new models – known as the product mix – declined from 3% in the first half of the year to less than 1%, the “only disappointment” from the results, Oddo BHF analysts said. Continue reading “Renault’s new Bigster SUV helps it beat third-quarter sales forecast”

Summary

• Tesla’s profit misses estimates due to high costs, lower regulatory credit revenue
• Company records $400 million tariff costs linked to Trump’s trade policies
• Tesla’s stock gains 9% this year, still lags megacap stocks

(Reuters) – Tesla shares fell 4.4% on Thursday after the Elon Musk-led electric vehicle maker extended its streak of profit misses to a fourth quarter, even as sales hit record highs.

Rising costs and declining revenue from highly profitable regulatory credits strained Tesla’s margins, underscoring that even the EV maker is feeling the cost pressures rippling through the auto industry as President Donald Trump overhauls U.S. policy. Continue reading “Tesla shares slide as margin pressures mount despite record sales”

Summary

• Questions over production beyond next week, source says
• VW, Mercedes seeking alternative suppliers
• Industry calls for solution to China-Netherlands trade row

FRANKFURT, (Reuters) – Production at Volkswagen’s main plant will proceed as planned during its next work week, despite the risk of shortages from a stand-off between China and the Netherlands over chipmaker Nexperia, a person familiar with the matter said.

But beyond the next work week, which will be shortened anyway because of a German public holiday, there is some uncertainty, the source told Reuters on Thursday. Continue reading “VW production continuing for now but chip uncertainty high, source says”

Summary

• Cost-cuts deliver faster than expected, improving profitability
• US-EU trade deal offers clarity, lowers import tariffs for Volvo
• Samuelsson cut costs, slowed investment on return as CEO
• Shares jump as much as 40% on profit beat

STOCKHOLM, (Reuters) – Volvo Cars smashed third-quarter profit forecasts on Thursday, despite tariffs and tough competition, as sweeping cost cuts delivered faster than expected results, sending its shares soaring as much as 40%. Continue reading “Volvo Cars smashes profit forecasts as cost cuts deliver”

Source : PTI | Aizawl, The Mizoram government on Wednesday urged truckers and other commercial vehicle owners in Kolasib district not to go for their planned four-day blockade of NH-306, the state’s vital link, and warned of legal action if they went ahead with their proposed stir.

The Kolasib unit of Mizoram Tipper Association (MTA), and the joint action committee (JAC) of drivers and owners of commercial vehicles in Kolasib district have called for a four-day blockade on the Sairang-Vairengte and Kolasib-Bairabi stretches of NH-306 from 7 am on Thursday to 4 pm on Sunday to protest the dilapidated condition and slow repair work of the highway. Continue reading “Mizoram govt urges truckers not to go for 4-day blockade of vital highway”

Summary

• Recall is latest in series of issues over rear cameras
• Ford reached settlement with NHTSA in 2024 over delayed recall
• Automaker also extending warranties on cameras to millions of other vehicles

WASHINGTON, (Reuters) – Ford said on Wednesday it is recalling nearly 1.45 million older vehicles in the U.S. due to faulty rear-view cameras and will extend warranty coverage on millions of other vehicles.

The announcement is the latest in a series of recalls over the issue for the second-largest U.S. automaker. Last month, Ford recalled 1.9 million vehicles worldwide due to faulty rear-view cameras. Continue reading “Ford recalls 1.4 million US vehicles over faulty rear-view cameras”

Summary

• Tesla Q3 rev $28.1 bln vs analysts’ estimate of $26.4 bln – LSEG
• Tesla Q3 profit per share 50 cents vs analysts’ estimates of 55 cents
• Operating expenses jump 50%; regulatory credits revs falls 44%
• Shares down 4% in after-market trading
• Tesla did not give a full-year 2025 forecast

(Reuters) – Tesla tabreported record third-quarter revenue that beat Wall Street estimates on Wednesday, driven by the highest quarterly sales of its electric vehicles as U.S. buyers rushed to lock in a key tax credit ahead of its expiry last month.

However, Tesla’s profit failed to live up to analysts’ expectations, in part due to tariff and research costs, as well as a drop in income from regulatory credits that are expected to continue to fade away with recent legislation passed by the Trump administration. Continue reading “Tesla profit falls short despite record sales, hit by higher costs and fading credits”

(Reuters) – Alphabet’s Waymo said on Wednesday it will begin manual testing of its autonomous vehicles at Newark Liberty International Airport, as the firm looks to bring its robotaxis to one of the three main airports serving the New York City area.

The robotaxi firm has grown slowly but steadily over the years in the United States despite tough regulations and expensive technology. Now, it is picking up speed through partnerships with ride-hailing platforms and fleet operators at a time when Tesla is rolling out its long-promised robotaxi service in the country. Continue reading “Waymo to manually test autonomous vehicles at Newark airport”

SEOUL, (Reuters) – Brian Kemp, the governor of the U.S. state of Georgia, plans to meet with South Korean business leaders this week, including executives from Hyundai Motor and LG Energy Solution, months after an immigration raid in the state detained hundreds of Korean workers, the Maeil Business Newspaper said on Thursday.

Kemp’s visit comes after U.S. immigration authorities in September raided the construction site of a battery plant under construction in Georgia jointly owned by Hyundai Motor and LGES. Hundreds of hundreds of South Korean workers were arrested for allegedly working without the necessary visas though they were released after a week of negotiations between South Korea and the United States. Continue reading “Georgia Governor Kemp visits South Korea to meet Hyundai, LG officials, media report says”

(Reuters) – Uber Technologies said on Wednesday it is rebranding its “Uber Green” service as “Uber Electric” and launching a $4,000 grant program for drivers, as part of the ride-hailing giant’s push toward zero-emission rides by 2040.

The new grants, branded “Go Electric,” will provide eligible drivers $4,000 to buy new or used EVs in states including California, New York, Colorado and Massachusetts. Continue reading “Uber rebrands ‘Green’ as ‘Electric’, offers US drivers $4,000 to switch to EVs”

Summary

• The hack’s cost could be higher if production not fully restored
• Cyber incident is the ‘most economically damaging’ hack to have hit Britain
• JLR spokesperson declines to comment

LONDON, (Reuters) – The hack of Jaguar Land Rover, owned by India’s Tata Motors cost the British economy an estimated 1.9 billion pounds ($2.55 billion) and affected over 5,000 organisations, an independent cybersecurity body said in a report published on Wednesday.

The report was produced by the Cyber Monitoring Centre, an independent, not for profit organisation made up of industry specialists, including the former head of Britain’s National Cyber Security Centre. Continue reading “Jaguar Land Rover hack cost UK economy an estimated $2.5 billion, report says”

MILAN, (Reuters) – Automakers have formed alliances to help them avoid hefty European Union fines on carbon emissions by purchasing credits from electric vehicle companies.

Several legacy automakers face potential fines as the transition to EVs in Europe has proved slower than expected in recent years. Continue reading “Automakers pool with EV makers to avoid EU emissions fines”

Summary

• GM raises annual profit forecast amid tariff relief
• Shares surge 15%, the best day in nearly six years
• Quarterly adjusted earnings per share of $2.80 beat expectations
• Tariff impact reduced to $3.5-$4.5 billion from $4-$5 billion

(Reuters) – General Motors raised its profit outlook for the year citing relief on two fronts: less pressure from tariff costs and lighter losses on electric cars, as it unwinds massive bets it made on the technology.

GM’s stock surged 15% on Tuesday, the biggest single-day jump for its shares in nearly six years, as investors cheered the automaker’s third-quarter results along with the company’s signals for an even stronger 2026. Continue reading “General Motors lifts forecast as tariff outlook improves, shares surge 15%”

(Reuters) – A Stellantis plant in Michigan will remain shut down for several weeks due to a shortage of key components, Bloomberg News reported on Tuesday.

Production at the company’s Warren plant, which was halted on October 13, will stay idle until the week of November 3, Bloomberg reported citing an email from Stellantis. Continue reading “Stellantis factory halted after aluminum plant fire, Bloomberg News reports”

SEOUL, (Reuters) – Senior South Korean officials will visit Washington on Wednesday for urgent discussions aimed at finalising a tariff deal that has been on hold over details tied to a $350 billion investment, ahead of an Asia-Pacific summit later this month.

Presidential Policy Secretary Kim Yong-beom and Industry Minister Kim Jung-kwan, who met U.S. Commerce Secretary Howard Lutnick last Friday, will reconvene with Lutnick again to iron out outstanding differences over the large investment pledge. Continue reading “South Korean negotiators visit US to resolve sticking points in trade talks”

BERLIN, (Reuters) – Volkswagen said on Tuesday it was preparing to pause production of two key models but denied any connection with a stand-off over chipmaker Nexperia putting pressure on supply chains.

Pauses in production of the Golf and Tiguan models this week have been “long planned” to deal with inventory matters, coinciding with the autumn holidays, a spokesperson told Reuters. Continue reading “VW says production pauses planned, denies chip crunch as reason”

Summary

• Hanoi to bar petrol-powered motorbikes from city centre from mid-2026
• Japanese officials, manufacturers raise alarm over Hanoi motorbike plan
• Ban risks job losses, bankruptcies, documents show
• Honda sales down after measures unveiled; VinFast set to gain

HANOI/TOKYO, (Reuters) – The Japanese government and some of the nation’s top manufacturers have warned Vietnam that a planned ban on petrol-powered motorbikes in Hanoi could spark job losses and disrupt a $4.6 billion market that is dominated by Honda, according to documents reviewed by Reuters and seven people familiar with the matter.

In July, Vietnamese Prime Minister Pham Minh Chinh issued a directive prohibiting petrol motorbikes from entering the centre of the capital from the middle of 2026, as the country seeks to reduce high levels of air pollution. Broader restrictions are due in 2028 and bans are expected to spread to other parts of the country. Continue reading “Exclusive: Japan warns Vietnam of job losses as Hanoi motorbike ban hits Honda”

Source : PTI | Jaipur, The Rajasthan government has allotted around 65 acres of land to PMI Electro Mobility Solutions in Ghiloth Industrial Area, Kotputli-Behror district to set up a ₹1,200 crore electric bus manufacturing plant, which will be the first such facility in the state, according to a statement.

The allotment, made through the Rajasthan State Industrial Development and Investment Corporation (RIICO), follows an MoU signed during the Rising Rajasthan Global Investment Summit, the Chief Minister’s Office said in the statement on Tuesday.

Continue reading “Rajasthan to get its first e-bus manufacturing plant in Kotputli-Behror’s Ghiloth”

Source : PTI | China has alleged that certain conditions in India’s Production Linked Incentive schemes for advanced chemistry cell battery, automobiles and the policy to promote the manufacturing of electric vehicles violate global trade rules, and has filed a complaint against these measures at the WTO.

According to a communication of the Geneva-based WTO, China has sought consultations with India on these measures under WTO’s dispute settlement mechanism.

Continue reading “China files complaint, says India’s PLI schemes for auto, EV policy violate WTO norms”

Source : PTI | Truckers and other commercial vehicle operators in Mizoram’s Kolasib district have called for a four-day strike from October 23 to protest the dilapidated condition of National Highway-306, the state’s vital link, an agitating leader said on Monday.

The blockade will be spearheaded by the Kolasib unit of the Mizoram Tipper Association (MTA) and Joint Action Committee (JAC) of drivers and owners of commercial vehicles in Kolasib town, he said.

Continue reading “Truckers, commercial vehicle operators call for 4-day strike to protest bad roads in Mizoram”

Source : PTI | KP Group company KPI Green Hydrogen and Ammonia, Desco Infratech Ltd, and Naveriya Gas have joined hands to spearhead hydrogen-natural gas blending projects, a statement said on Saturday.

Under the partnership, the three companies will initiate hydrogen-natural gas blending projects in the city gas distribution sector, Desco Infratech said in a statement. Continue reading “Desco Infratech, KPI Green Hydrogen and Ammonia join hands for hydrogen-natural gas blending”

Source : PTI | A case has been registered against the founder of Ola Electric and other senior officials of the company following the suicide of a 38-year-old engineer, who had accused them of “harassment”, police said on Monday. The deceased identified as K Aravind, had been working as a Homologation Engineer with Ola Electric in Koramangala since 2022.

In a statement, the company spokesman said the firm has challenged the registration of the FIR before the Karnataka High Court, and protective orders have been passed in favor of Ola Electric and its officials. Continue reading “Case against Ola Electric founder, senior officials after suicide of employee”

Source : PTI | The Commission for Air Quality Management (CAQM) has invoked Stage II of the Graded Response Action Plan (GRAP) across Delhi-NCR as the city’s air quality slipped into the “very poor” category, with the AQI crossing 300 mark.

The move came after the Sub-Committee on GRAP on Saturday reviewed the worsening pollution levels and forecasts by the India Meteorological Department (IMD) and the Indian Institute of Tropical Meteorology (IITM), which warned of further deterioration in the coming days.

Continue reading “GRAP Stage 2 curbs kick in as Delhi’s air turns ‘very poor’”

Source : PTI | Jio-BP, the fuel retailing joint venture of Reliance Industries and super major BP, clocked a 34 per cent rise in petrol and diesel sales in the September quarter as the joint venture aggressively expands its retail network.

Jio-BP clocked 1.8 million sales of petrol and diesel in July-September, 34 per cent more than a year ago, according to an investor presentation made by the company after the second quarter earnings announcement. Continue reading “Jio-BP clocks 34% volume growth in petrol, diesel sales”

(Reuters) – Proxy firm Glass Lewis has recommended that Tesla shareholders vote against the proposed $1 trillion pay package for CEO Elon Musk, days after ISS also urged investors to reject what might be the largest-ever compensation plan awarded to a company chief.

The Glass Lewis recommendation adds pressure to Tesla’s board ahead of a closely watched shareholder meeting on November 6 and renews scrutiny of Musk’s compensation after a Delaware court earlier voided his $56 billion pay package. Continue reading “Proxy firm Glass Lewis joins ISS in urging vote against Musk’s $1 trillion pay package”

Summary

• NHTSA probes Waymo for school bus safety violations
• Waymo’s fleet includes over 1,500 robotaxis in major US cities
• Firm claims improvements already made for school bus safety

WASHINGTON, (Reuters) – The National Highway Traffic Safety Administration said on Monday it has opened a preliminary investigation into about 2,000 Waymo self-driving vehicles after reports that the company’s robotaxis may have failed to follow traffic safety laws around a stopped school bus.

The probe of the Alphabet unit is the latest scrutiny of self-driving systems by regulators reviewing how driverless technologies interact with pedestrians, cyclists and other road users. Continue reading “US probes Alphabet unit Waymo robotaxis over school bus safety”

Summary

• Goods subsidies worth 300 bln yuan expire at the end of 2025
• Scheme has maintained China’s growth trajectory towards 5%
• But people who bought cars, durable goods don’t need more
• Calls grow for service subsidies, structural measures

BEIJING/SINGAPORE, (Reuters) – Chinese doctor Lisa Zhu took full advantage of consumer goods subsidies this year, buying three air conditioners and a washing machine – the big-ticket spending policymakers want to see from households as they target roughly 5% economic growth. Continue reading “China’s consumer subsidy scheme needs a rethink”

Summary

• China controls 70% rare-earth mining, 85% refining
• Rare-earth-free motors are years from mass production
• China pricing undermines new rare-earth mines abroad

LONDON/BERLIN, (Reuters) – Global automakers are scouring the globe for crucial rare earths ahead of looming Chinese export controls, with executives worried they could lead to parts shortages and plant closures.

Rare earth magnets power motors in car parts such as side mirrors, speakers, oil pumps, windshield wipers and fuel leakage and braking sensors. They play an even bigger role in EVs. Continue reading “Concerned carmakers race to beat China’s rare earths deadline”

Summary

• GM raises annual profit forecast amid tariff relief
• Shares surge 14%, on track for best day in six years
• Quarterly adjusted earnings per share of $2.80 beat expectations
• Tariff impact reduced to $3.5-$4.5 billion from $4-$5 billion

(Reuters) – General Motors raised its profit outlook for the year citing relief on two fronts: less pressure from tariff costs and lighter losses on electric cars, as it unwinds massive bets it made on the technology.

GM’s shares surged 14% on Tuesday morning as investors cheered the profit forecast and the automaker’s third-quarter results along with the company’s signals for an even stronger 2026, putting its shares on track for their biggest single day jump in nearly six years. Continue reading “General Motors lifts forecast as tariff outlook improves, shares surge 14%”

Summary

• Apple’s F1 interest dates back almost a decade
• Ecclestone ally reveals talks already in 2016
• Cue says he had long thought about a deal

AUSTIN, Texas, (Reuters) – When Bernie Ecclestone was asked about a group of guests receiving VIP treatment at a Formula One race nine years ago, the commercial supremo said they were representatives of “a fruit company”.

The explanation reflected his particular sense of humour, and secretive way of working, rather than any disparagement of Apple Inc. Continue reading “Apple’s F1 broadcast deal was years in the making”

Source : PTI | New Delhi, The Commission for Air Quality Management (CAQM) on Friday approved a sweeping ban on the entry of polluting commercial vehicles into Delhi from November 1 and warned of strict action against officials failing to stop stubble burning in NCR states.

Chairing the 25th meeting of the Commission, CAQM Chairperson Rajesh Verma ratified directions empowering district authorities in Punjab, Haryana, Delhi, and NCR regions of Uttar Pradesh and Rajasthan to initiate legal proceedings against officials showing inaction on stubble burning.

Continue reading “Ban on entry of polluting commercial vehicles into Delhi from November 1”

Source : PTI | Automobile exports from India rose 26 per cent year-on-year in September quarter driven by highest-ever shipments of passenger vehicles, two-wheelers and three-wheelers during the period, as per the latest data released by industry body SIAM.

Passenger vehicle exports grew 23 per cent to 2,41,554 units in September quarter as against 1,96,196 units in the same period of last fiscal.

Continue reading “Automobile exports rise 26% in Q2 as passenger vehicles, two-wheeler shipments spur”

Source : PTI | The NCLT has dismissed an insolvency plea against the Indian unit of telecom gear manufacturer ZTE filed by TVS Supply Chain Solutions after observing a pre-existing dispute between the parties.

A Chandigarh-based bench of the National Company Law Tribunal (NCLT), the debt claimed by TVS Supply Chain Solutions was disputed and under reconciliation dating back to 2017, well before the statutory demand notice. Continue reading “NCLT set aside insolvency plea against ZTE filed by TVS Supply Chain”

AMSTERDAM, (Reuters) – The Netherlands is in talks with China over export controls imposed on the Chinese-owned chipmaker Nexperia, which has become tangled up in the trade frictions between the U.S. and China.

The Dutch government stepped in on September 30 to take control of Nexperia, which makes chips for carmakers and for consumer electronics, citing worries about the possible transfer of technology to Nexperia’s Chinese parent company, Wingtech. Continue reading “Dutch government in talks with China over Nexperia export controls”

(Reuters) – Ford is recalling nearly 625,000 vehicles in the U.S. due to seatbelt and rear-view camera display problems, the U.S. National Highway Traffic Safety Administration said on Friday.

The seatbelt recall affects 332,778 Ford Mustang vehicles, while the camera display issue recall covers 291,901 F-250, F-350 and F-450 super duty trucks, according to NHTSA notices. Continue reading “Ford to recall nearly 625,000 US vehicles over camera display, seatbelt issues”

BEIJING, (Reuters) – Chinese car maker BYD will make its largest recall yet of more than 115,000 Tang series and Yuan Pro vehicles produced between 2015 and 2022 due to design defects and battery-related safety risks, China’s market regulator said on Friday.

BYD has filed a plan with the State Administration for Market Regulation to recall 44,535 Tang series vehicles produced between March 2015 and July 2017 in which certain component design flaws may cause abnormal function. Continue reading “BYD makes largest recall of over 115,000 cars due to design, battery issues”

Summary

• Boeing 737 MAX production increase seen key to financial stability
• Boeing plans to quickly go to 42 737 MAX jets a month
• FAA administrator called Boeing CEO to confirm the rate increase

WASHINGTON/SEATTLE, (Reuters) – Boeing won approval on Friday to raise its 737 MAX production to 42 planes per month, the Federal Aviation Administration said, easing a 38-plane cap in place since January last year and boosting its efforts to shore up its finances and move past concerns over safety and quality.

The FAA imposed the unprecedented production cap shortly after a 2024 mid-air emergency involving a new Alaska Airlines 737 MAX 9 that was missing four key bolts in a door plug, causing a gaping hole to open in the fuselage at 16,000 feet (4,900 m). The incident revealed widespread production safety and quality lapses at Boeing. Continue reading “Boeing wins FAA approval to hike 737 MAX production to 42 planes per month”

Summary

• Trump imposing 25% tariffs on all medium, heavy duty trucks, parts
• Commerce also imposing 10% tariffs on imported buses
• Expanded credits could provide help to automakers building in the U.S.

WASHINGTON, (Reuters) – U.S. President Donald Trump on Friday signed orders expanding credits for U.S. auto and engine production and setting new 25% tariffs on imported medium- and heavy-duty trucks and parts starting November 1.

The tariffs, which the orders say are being made on national security grounds, are aimed at shifting more auto production to the United States but could be a significant blow to Mexico, which is the largest exporter of medium- and heavy-duty trucks to the United States. Continue reading “Trump approves expanding credits for US auto production, issues new 25% truck duties”

Source : PTI | The government is working on measures to improve supply of rare earth minerals, including negotiating trade pacts with Chile and Peru, promoting domestic exploration, and engaging startups in recycling and processing, Commerce and Industry Minister Piyush Goyal said on Friday.

China, the major player of these minerals, has imposed restrictions on the supply, which is disrupting the supply chains worldwide.

Continue reading “Govt working on steps to improve supply of rare earth minerals: Piyush Goyal”