Source : PTI | Crude oil prices reversed early losses to trade higher at ₹8,224 per barrel on Thursday, tracking gains in global benchmarks amid fresh US airstrikes on Iran, which revived concerns over supply disruptions in West Asia.
On the Multi Commodity Exchange (MCX), crude futures for the August delivery climbed by ₹110, or 1.36 per cent, to ₹8,224 per barrel.
Continue reading “Crude oil rebounds to ₹8,224 on MCX as US-Iran tensions stoke supply fears”
LONDON, (Reuters) – Rolls-Royce raised its full-year outlook far beyond market expectations after it posted a 46% jump in first-half operating profit on a better performance in the civil aircraft aftermarket and increased demand in defence.
The British engineering company said it now expected to make £4.7 billion to £4.9 billion in underlying operating profit, up from previous guidance of £4.0 billion to £4.2 billion. Continue reading “Rolls-Royce hikes profit forecast after strong first half”
(Reuters) – Mercedes-Benz is recalling 310,667 vehicles in the U.S. due to risk of failure to detect an open door, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Thursday.
The recall includes models such as CLA, A-Class, C-Class, CLE, GLA/GLB, and GLC vehicles, the NHTSA said, adding that dealers will replace the driver’s door lock free of charge. Continue reading “Mercedes-Benz to recall more than 310,000 US vehicles citing risk of failure to detect open door”
Summary
BERLIN, (Reuters) – BMW will review working practices once deemed “untouchable”, the carmaker pledged on Thursday, after a 35% drop in second-quarter pretax profit underscored the pressures driving a shake-up across Germany’s auto sector. Continue reading “BMW to review practices once deemed ‘untouchable’ as profit slumps”
ROME, (Reuters) – Ferrari has hit its annual sales target for its first-ever electric vehicle on the back of strong demand from China, the Financial Times reported on Wednesday, citing people familiar with the matter.
The luxury sports car maker had aimed to sell just under 500 units of the Luce model this year, and the quota was filled in less than two months since the car’s May 25 launch, the newspaper said. Continue reading “Ferrari has already hit 2026 sales target for Luce EV, FT says”
MEXICO CITY,(Reuters) – South Korea’s Kia will produce and sell fully electric vehicles in Mexico, managing director for the company Horacio Chavez said on Wednesday.
The car manufacturer will invest $649 million in Mexico, Chavez added during President Claudia Sheinbaum’s daily press conference. Continue reading “Kia to invest $649 million to bring electric car production to Mexico”
Summary
LONDON, (Reuters) – A wave of Chinese entrants into Britain’s car market is piling pressure on traditional manufacturers, forcing them to offer deeper discounts to compete with lower-cost imports, the head of the country’s main automotive industry body said on Thursday. Continue reading “Chinese carmakers piling pressure on UK rivals, auto industry chief says”
BERLIN, (Reuters) – BMW said on Wednesday it will cut several thousand jobs in Germany by the end of 2027 under a voluntary redundancy programme, the latest German carmaker to axe staff in response to squeezed profits and weak demand.
BMW’s severance programme, agreed between the company and the works council, targets the administration and development divisions, with production operations excluded, a company spokesperson said. Continue reading “BMW to cut several thousand jobs in latest blow to German auto sector”
(Reuters) – Italian luxury sports carmaker Lamborghini reported an over 8% drop in its half-year operating profit on Wednesday, reflecting sector-wide fragility spurred by tariffs and the conflict in the Middle East.
The Volkswagen-owned luxury brand’s operating profit was €395 million ($450 million) in the first half of 2026, versus €431 million a year ago. The operating margin fell to 22.7% from 26.5% in the same period last year. Continue reading “Lamborghini’s operating profit falls as geopolitical turmoil shakes luxury car sector”
Summary
NECKARSULM, Germany, (Reuters) – Thousands of Audi workers demonstrated on Wednesday against the possible closure of the German automaker’s Neckarsulm plant as parent Volkswagen pushes ahead with a group overhaul expected to include tens of thousands of job losses. Continue reading “Thousands of Audi workers protest over threatened plant closure”
PARIS, (Reuters) – Renault swung back to a profit in the first half of 2026 versus a large one-off loss in the same period last year, with electric vehicle sales up sharply despite intense competition from expanding Chinese brands.
The French carmaker on Wednesday reported first-half revenue of 30.25 billion euros ($34.43 billion), up 9.4% from 27.64 billion euros a year earlier. The company posted a net profit of 700 million euros versus a 11.14 billion euro loss in the same period of 2025. Continue reading “Renault swings to profit in first half despite intense Chinese competition”
TOKYO, (Reuters) – Toyota Motor said on Thursday its global first-half production and sales fell for the first time in two years, as weaker demand in China and a model changeover for its popular RAV4 sport utility vehicle weighed on results. Continue reading “Toyota’s first-half global output, sales fall for first time in two years on China weakness”
Source : PTI | The government on Wednesday said some rubber parts and gaskets in BS-III vehicles, introduced from April 1, 2005, and manufactured before 2016, may need to be replaced when operated with E20 fuel (petrol containing 20 per cent ethanol).
In a written reply to the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said that with regard to the concern of vehicle mileage due to the use of E20 fuel, automobile manufacturers and vehicle/engine testing agencies have clarified that vehicle mileage is influenced by a host of factors beyond just fuel type. Continue reading “BS-III vehicle rubber parts may require replacement when operated with E20 fuel”
Source : PTI | Electric two-wheeler maker Ather Energy on Wednesday announced the rollout of a pothole alert feature for its customers with Gen 2 and above scooters.
The feature alerts riders to potholes, broken road patches, uneven roads and speed breakers ahead while navigating, using road intelligence built from data generated by Ather’s connected scooter fleet, Ather Energy said in a statement. Continue reading “Ather Energy rolls out pothole alert feature to its Gen 2, above electric scooters”
Source : PTI | The Meghalaya Cabinet on Monday approved the Electric Vehicle (EV) Policy, 2026, offering a ₹25,000 incentive and full registration fee waiver to encourage the adoption of electric vehicles across the state, a minister said.
The cabinet also cleared a series of measures to strengthen the power sector, including the appointment of a Chief Technical Advisor for power generation and sanctioning ₹22.37 crore towards land compensation for a key transmission line project. Continue reading “Meghalaya govt to provide ₹25,000 incentive, waive registration fee for EV buyers”
Source : PTI | The Poonawalla Vision Fund-1 (PVF1) and some family offices have invested ₹230 crore in Lohum Cleantech, wealth management firm Ambit Global Private Client said on Monday.
Lohum is one of the world’s largest sustainable critical minerals platforms outside China, and the investment comes at a time when there have been concerns about challenges in accessing such minerals. Continue reading “Poonawalla fund, others invest ₹230 cr in critical mineral-focused Lohum: Ambit”
Source : PTI |Kerala Transport Minister C P John on Monday said that the government would take stringent action against vehicles operating without speed governors and enforce stricter speed monitoring, especially during the monsoon, following the fatal private bus accident at Kuttipuram.
Calling the accident “extremely unfortunate”, the minister said the preliminary investigation indicated that overspeeding was the likely cause.
MILAN, (Reuters) – Stellantis has agreed to sell its Free2move car-sharing unit to German investment company Mutares, the automaker said on Tuesday, as CEO Antonio Filosa continues efforts to sharpen the group’s focus on its core vehicle production. Continue reading “Stellantis sells car-sharing business as CEO Filosa focuses on core auto-making”
Summary
BEIJING, (Reuters) – China’s regional growth data underscored the uneven nature of the country’s economic transition in the first half of 2026, as provinces at the forefront of Beijing’s push into hi-tech sectors pulled ahead of those reliant on traditional industries. Continue reading “High-tech manufacturing hubs pull ahead in China’s uneven growth”
Summary
BERLIN, (Reuters) – Mercedes-Benz’s CEO pledged on Tuesday to shield its U.S. business from a possible sales ban, as concerns in Washington over the German carmaker’s Chinese investors threaten it with exclusion from one of its few remaining growth markets. Continue reading “Under pressure over China backers, Mercedes CEO pledges to defend US business”
Summary
DETROIT, (Reuters) – Ford Motor on Tuesday raised its annual profit outlook for a second time this year, following rival GM’s move last week, citing “resilient” customers who are buying the company’s pricey pickup trucks. Continue reading “Ford joins GM in raising profit outlook as wealthy buyers keep truck demand humming”
Summary
WASHINGTON, (Reuters) – The Trump administration on Tuesday unveiled bans that target imports of new Chinese robots and power inverters, seeking to protect the U.S. AI buildout from national security threats and reshore key industries slated for explosive growth. Continue reading “Trump administration bans new Chinese humanoid robots, to protect US AI buildout”
Summary
BERLIN, (Reuters) – Mercedes-Benz posted a higher profit in the second quarter helped by tough cost cuts, pushing its shares up on Tuesday, but intense Chinese competition dented the outlook for car sales and revenue. Continue reading “Cost cuts help Mercedes stabilise profit but China woes loom”
TOKYO, (Reuters) – China’s BYD launched an electric mini-car in Japan on Tuesday, hoping the Racco model will revive sales in a market where it has struggled to gain traction since entering the passenger-car segment in 2023.
The Shenzhen-based automaker said buyers could get the entry-level Racco for less than 2 million yen ($12,213) after taxes and government subsidies, a threshold some analysts have said will be key for attracting Japanese drivers. Continue reading “China’s BYD enters Japan’s mini-car market with low-cost EV”
Source : PTI | The government on Monday said it has not assessed the proportion of vehicles in the country that are fully compatible with E20 petrol, but maintained that extensive studies and field trials have found the fuel to be safe for use under prescribed standards.
In a written reply to a question in the Rajya Sabha, Minister of State for Petroleum and Natural Gas Suresh Gopi said, “Ministry of Heavy Industries (MHI) have informed that no such assessment has been done by them” of the percentage of vehicles currently compatible with E20 fuel (petrol doped with 20 per cent ethanol). Continue reading “Govt says no assessment of share of vehicles compatible with E20 petrol”
Source : PTI | The government has proposed to extend the validity of the Pollution Under Control Certificate (PUCC) for up to six-year-old BS-VI-compliant private vehicles to three years instead of the current one year to ease the burden on owners.
The Ministry of Road Transport and Highways (MoRTH), in a draft notification, has said that BS-VI vehicles aged between six and ten years will be required to renew their PUCC certificate and those above 10 years every six years. Continue reading “Govt proposes three-year PUCC validity for BS-VI vehicles”
Summary
BERLIN, (Reuters) – Volkswagen must deepen cost cuts to remain competitive against Chinese brands increasingly taking aim at the German auto group’s home market, CEO Oliver Blume said on Friday following a mixed quarterly earnings report. Continue reading “Volkswagen makes case for deep cuts as Chinese competitors close in on Europe”
Summary
MILFORD, Michigan, (Reuters) – U.S. President Donald Trump touted his record on investment, job creation and tax cuts on Monday less than 100 days before the November elections, even as polls showed Americans increasingly souring on his handling of the economy. Continue reading “Trump uses GM stage to launch midterms attack on Democrats”
TOKYO, (Reuters) – China’s BYD launched an electric mini-car in Japan on Tuesday, hoping the Racco model will revive sales in a market where it has struggled to gain traction since entering the passenger-car segment in 2023.
The Shenzhen-based automaker said buyers could get the entry-level Racco for less than 2 million yen ($12,213) after taxes and government subsidies, a threshold some analysts have said will be key for attracting Japanese drivers. Continue reading “China’s BYD launched EV mini-car in Japan”
Summary
BERLIN, (Reuters) – Volkswagen’s premium brand Audi must work with the group towards a comprehensive restructuring, the subsidiary’s finance chief said on Monday, after reporting a weak second quarter hit by falling sales in China and the United States. Continue reading “Audi must work with Volkswagen to restructure business, CFO says”
BERLIN, (Reuters) – German luxury carmaker Porsche will cut around one in five jobs by 2035, with 9,000 positions to be axed in total, as parent Volkswagen and its brands restructure in the face of weak demand and stiff competition.
In a deal announced on Monday after months of negotiations, Porsche management and labour representatives agreed to 5,000 additional job cuts that avoid compulsory redundancies through measures like natural attrition and voluntary schemes. Continue reading “Porsche to axe one in five jobs by 2035 as China, EV woes bite”
Summary
BEIJING, (Reuters) – Profits at China’s industrial firms grew at a solid, though slower, pace as resilient exports helped cushion sluggish domestic demand, highlighting the economy’s uneven recovery despite policymakers’ efforts to spur consumption. Continue reading “China’s industrial profit growth moderates as exports cushion uneven recovery”
Source : PTI | Rajasthan Chief Minister Bhajanlal Sharma on Sunday flagged off 144 new buses from the Heera Pura bus terminal here, saying the move will strengthen public transport and make travel more convenient for commuters across the state.
After flagging off the buses, Sharma said the state government is expanding public transport services to ensure safe, affordable and accessible travel for people in all regions.
Source : PTI | Maharashtra Chief Minister Devendra Fadnavis on Thursday launched the Bharat Taxiride-sharing app at the Navi Mumbai International Airport premises, stating that it will protect commuters from surge pricing.
Bharat Taxi, which operates on a zero-commission and surge-free pricing model with direct profit distribution to drivers, is being positioned by the government as an indigenous alternative to foreign investment-based platforms.
Continue reading “Maharashtra CM launches Bharat Taxi service at Navi Mumbai International Airport”
Summary
BEIJING, (Reuters) – Chinese battery giant CATL reported stronger-than-expected second-quarter profit, driven by robust growth in its energy storage business that helped offset softer demand in the electric vehicle market. Continue reading “China’s CATL tops quarterly profit forecasts on robust energy storage business”
(Reuters) – Ford is recalling 565,691 vehicles in the U.S. as the engine compartment wiring harness may become damaged and short circuit, the National Highway Traffic Safety Administration said on Friday.
Here are the details: Continue reading “Ford to recall more than 565,000 US vehicles over engine compartment fire risk”
Source : PTI | India’s electric vehicle sector is entering a broader scale-up phase, with EV penetration likely increasing to 10-12 per cent of the overall vehicle sales in this fiscal from 8.5 per cent in the last year, driven by e-two-wheelers, ratings agency Ind-Ra said.
The agency said it expects EV adoption to remain strongest in segments where the economics of electrification are already compelling. Continue reading “EV penetration may rise to 10-12% of total sales in FY27: Ind-Ra report”
Summary
LOS ANGELES, (Reuters) – A year ago, Tesla CEO Elon Musk said the company’s robotaxi network would expand at a “hyper-exponential rate” and be available to half the population of the U.S. by the end of 2025. Continue reading “Tesla’s once-bullish tone on robotaxis shifts”
Summary
(Reuters) – Amnon Shashua, CEO of Mobileye since founding it in 1999, will step down, just as the autonomous-driving technology firm makes a big push into a robotaxi service and robotics. Continue reading “Mobileye founder’s decision to step down as CEO, weak forecast hit shares”
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