Summary

• Tesla used dubious safety stats to make case for FSD approval in Europe
• Automaker’s crash data has been called into question by researchers
• Sweden says regulators ‘look beyond headline figures’ to assess safety

(Reuters) – In its efforts to secure European approval of its “Full Self-Driving” (FSD) system, Tesla has presented self-published safety statistics to regulators in Sweden and the Netherlands that independent traffic-safety researchers have said amount to misleading marketing.

A Reuters examination published last month found that Tesla ​CEO Elon Musk and other leaders over the past year have increasingly cited statistics they say prove its FSD driver-assistance feature is up to 10 times safer than human drivers. But the ‌news agency’s review found several invalid data comparisons underlying Tesla’s statistics that exaggerated its safety claims. Continue reading “Exclusive: Tesla presented misleading ‘Full Self-Driving’ safety data to European regulators”

Source : PTI | Union Minister of State for Petroleum and Natural Gas Suresh Gopi on Sunday said fuel prices would be reviewed based on the availability of crude oil supplies.

Replying to reporters’ questions on a possible revision in fuel prices, Gopi said the situation would be assessed based on crude oil supplies. Continue reading “Fuel price revision to depend on crude oil supply, says Suresh Gopi”

Source : PTI | Shares oil marketing companies surged on Friday, with HPCL climbing over 6 per cent, amid a sharp decline in crude prices.

The stock of Hindustan Petroleum Corporation Ltd jumped 6.30 per cent, Bharat Petroleum Corporation Ltd surged 5.54 per cent and Indian Oil Corporation climbed 4.91 per cent on the BSE.

Brent crude, the global oil benchmark, dropped 3.98 per cent to $86.78 per barrel. Continue reading “Oil marketing stocks jump as crude prices slide nearly 4%”

Summary

• Volkswagen, Stellantis, Renault write to EU lawmakers
• Says 70% of cars sold in EU should have 70% local content
• Urge stronger incentives to support local production
• The three groups cover 60% of ​Europe’s car output

MILAN, (Reuters) – Automakers Volkswagen, Stellantis and Renault, which account for ‌about 60% of Europe’s car output, are urging the EU to adopt a simple “Made in Europe” rule and stronger incentives to boost local production.

In a joint letter sent to European Parliament members, seen by ​Reuters, the three groups called for 70% of vehicles sold in the European Union ​to source 70% of their value from within the 27-country bloc, covering ⁠the full value chain from engineering to manufacturing. Continue reading “Europe’s top carmakers urge simple ‘Made in Europe’ rules”

BEIJING, (Reuters) – China is “strongly dissatisfied” with a U.S. move to add several large ​Chinese companies to the Pentagon’s list of firms it says ‌are aiding China’s military, the commerce ministry said on Saturday.

The foreign ministry has also expressed concern about the U.S. Defense Department’s long-awaited update to ​its list on Monday, which included such top technology ​names as e-commerce giant Alibaba, internet search provider Baidu ⁠and automakers BYD and NIO. Continue reading “China ‘strongly dissatisfied’ with Pentagon move against top Chinese tech firms”

Mumbai, June 2026 – Škoda Auto India is set to elevate its high-performance RS portfolio with the all-new Kodiaq RS. Building on more than 50 years of RS legacy and over 125 years of motorsport heritage, this latest addition underscores the brand’s performance DNA. With bookings opening on June 22, 2026, the Kodiaq RS combines exhilarating performance with unmistakable motorsport character, the versatility of seven-seat luxury, and enhanced all-terrain capability powered by 4×4.

Commenting on the announcement, Ashish Gupta, Brand Director, Škoda Auto India, said, “The RS badge carries over 50 years of global performance legacy and a fiercely loyal following in India since the Octavia RS arrived more than two decades ago. The latest Octavia RS, launched last year, sold out in just 20 minutes, highlighting its cult status among enthusiasts. Now, we’re taking that legacy forward with the Kodiaq RS, our first-ever seven-seater in India to wear the iconic RS badge and the quickest Škoda yet in the country. It blends performance, space, and 4×4 capability into a bold, unmistakable expression of our racing DNA.” Continue reading “Škoda Auto expands the RS Legacy with the new Kodiaq RS”

Source : PTI | The government has restricted industrial, commercial and institutional users from buying petrol and diesel from petrol pumps and instead asked them to source their requirements from bulk sale points, according to an official order.

The restrictions, which will be in place for up to 90 days, follows abnormal demand growth, particularly that of diesel, in some pockets after bulk users started buying fuel from petrol pumps due to the pricing difference. While diesel at petrol pumps costs Rs 95.20 a litre in Delhi, bulk sales are priced at Rs 134.50. Continue reading “Govt bars bulk industrial petrol, diesel purchases through petrol pumps”

Source : PTI | Amazon is primarily relying on on-site charging infrastructure for its growing fleet of electric delivery vehicles in India, while also working with partners to expand charging and transportation options as it pushes towards its sustainability goals, a top company executive said.

The US-based e-commerce giant already has plans to introduce over 1,000 electric trucks into its operations in India over the next five years, joining the existing 10,000 electric vehicles fleet. The move is aimed at delivering packages to customers from Amazon fulfilment centres more sustainably. Continue reading “Amazon leveraging own charging infrastructure to grow electric delivery fleet in India”

Summary

• Musk’s influence spans automotive, space, AI, and social media
• Tesla’s legal challenges and CEO pay package raised shareholder concerns
• Jamie Dimon, JPMorgan CEO, now praises Musk as ‘our Einstein’ after past disputes

(Reuters) – Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has ​made him the world’s first trillionaire.

At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured Musk has managed to retain a loyal following despite his stratospheric net worth ‌and without the folksy persona that endeared other tycoons such as Warren Buffett to the masses. Continue reading “SpaceX IPO makes Elon Musk the world’s first trillionaire”

(Reuters) – Ford is ​recalling 255,404 vehicles in ‌the U.S. over an issue with the canister purge ​valve, which may ​malfunction, causing the engine to ⁠stall unexpectedly while driving, ​the U.S. National Highway ​Traffic Safety Administration said on Friday.

The recall affects certain 2012-2018 ​Focus vehicles which were ​previously repaired incorrectly, the regulator said.

The ‌dealers ⁠will update the powertrain control module doftware free of charge, as per ​NHTSA. Continue reading “Ford to recall more than 255,400 US vehicles over engine issue”

Summary

• Lyft, Uber say new law forces them to keep unsafe drivers
• Law would take effect July 28, following override of ex-Mayor Adams’ veto
• NYC officials defend law, emphasizing due process for ​app-based drivers

NEW YORK, (Reuters) – Lyft joined Uber Technologies in suing ‌New York City to block a new law they said would force them to keep bad drivers who threaten public and passenger safety on their platforms.

The Lyft lawsuit was filed late Wednesday in Manhattan ​federal court, 24 hours after Uber sued. Continue reading “Lyft, Uber sue New York City to block driver retention law”

(Reuters) – Ford is ​recalling 548,463 vehicles in ‌the United States over an issue with the center console, the ​U.S. National Highway Traffic ​Safety Administration said on Thursday.

The ⁠issue relates to the console’s ​chrome plating, which may bubble ​and peel over time, potentially resulting in sharp edges. Passengers who come ​in contact with these ​edges face an increased risk of injury, ‌the ⁠regulator said. Continue reading “Ford to recall more than 548,000 US vehicles over defective center console”

BERLIN, (Reuters) – Volkswagen is pressing ahead with ​sweeping job cuts ‌and cost reductions in Germany as planned, shrinking ​its workforce by ​19,000 by the end ⁠of the year, ​CEO Oliver Blume is ​set to tell investors at the upcoming AGM.

More than ​28,000 job cuts ​have been agreed as a ‌binding ⁠target for 2030, according to a transcript of Blume’s speech ​for ​the ⁠event on June 18. Continue reading “Volkswagen to reduce workforce by 19,000 by end of year, CEO says”

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Source : PTI | The revenue of listed auto ancillary companies grew at a compound annual growth rate (CAGR) of 11 per cent during FY16-26, according to a report by Equirus Securities.

Sectoral revenues during the period rose nearly three-fold to about ₹5 lakh crore during the period, according to the report.

It noted that exports have more than tripled over the past decade and have emerged as an important contributor to industry growth alongside rising vehicle content and premiumisation trends. Continue reading “Revenue of auto ancillary firms grew at 11% CAGR during 2016-26: Report”

Source : PTI | Kerala Cultural Affairs Minister P C Vishnunadh on Thursday said the Priyadarshini scheme would significantly enhance women’s mobility in the state.

The scheme offers free travel for women on KSRTC ordinary buses and is expected to strengthen their economic independence by reducing travel expenses.

Speaking to reporters, Vishnunadh said a study assessing the social impact of the scheme would be conducted, and its findings would be made available one month after its implementation.

Continue reading “Women’s free bus travel scheme to boost mobility, empowerment: Kerala Minister Vishnunadh”

SAN FRANCISCO, (Reuters) – General Motors may scrap plans to use a lower-cost, iron-based battery chemistry that many automakers are using to cut electric-vehicle costs, GM’s head of battery technology ​said.

The Detroit automaker had said it planned to develop lithium-iron phosphate, or LFP, batteries for use ‌in future EV models, and would begin making those batteries in late 2027 at a jointly owned plant in Tennessee. Continue reading “Exclusive: GM may ditch LFP batteries for future EVs”

BRUSSELS, (Reuters) – (This June 10 story has been corrected to say that Estonia and Denmark have also approved Tesla’s driver assistance software, in paragraph 4)

Tesla Full Self-Driving supervised driver assistance software has been authorised ​in Belgium, Annick De ​Ridder, the transport minister of ⁠Flanders region said on Wednesday ​in a post on X.

“I ​just signed the approval,” she said in a post on X featuring ​a picture of an official ​signed document. Continue reading “Tesla gets go-ahead to sell self-driving technology in Belgium”

(Reuters) – Honda Motor America ​is recalling 1,049,883 vehicles in ‌the United States due to a defect in the ​tyre repair kit, ​the National Highway Traffic Safety ⁠Administration (NHTSA) said on Wednesday.

The ​issue involves a faulty sealant ​bottle, in which pressure can build up, potentially causing the ​cap to detach and ​become a projectile, the regulator said. Continue reading “Honda recalls over 1 million US vehicles due to defective tyre kit, NHTSA says”

DETROIT, (Reuters) – The United Auto Workers has ​reached a deal with axle supplier ‌Dauch Corp after a 10-day strike against the company at its Three Rivers, Michigan, plant, ​union President Shawn Fain said on ​Wednesday.

• Dauch, formerly known as American Axle, ⁠supplies axles to General Motors’ full-size ​and midsize trucks from the plant.
• Members of ​UAW Local 2093 will soon vote on the new agreement with the company that includes a ​top wage rate of $30 per hour ​by 2030, a more than 36% increase in four ‌years, ⁠said Josh Jager, bargaining chairman for Local 2093.
• The strike will continue until the contract is ratified, the UAW said.
• Workers at ​the Dauch ​plant ⁠in 2008 agreed to accept lower wages. Since then, the top ​wage has increased by $4 to $22 ​per ⁠hour, Jager said.
• A Dauch spokesperson said in a statement: “We appreciate the efforts of both ⁠the ​UAW and Dauch labor ​negotiations teams to find common ground.”

Continue reading “UAW reaches deal with Dauch Corp after 10-day strike”

BEIJING, (Reuters) – China’s northeastern city of Changchun, home to the country’s oldest automaker ​FAW Group, has released a draft ‌plan through 2030 to revamp its decades-old auto sector, aiming to attract electric-vehicle makers ​such as BYD and Xiaomi.

Here are ​key points from the draft plan:

• China’s ⁠domestic auto industry is expected to ​consolidate significantly, with the number of automaker ​groups projected to fall to about 15 by 2030 from the current 71, according to the ​draft released earlier this week by ​the city’s industry and information technology bureau.
• FAW Group ‌has ⁠experienced a decline in production and sales in recent years, increasing the likelihood of restructuring pressure on the state-owned enterprise.
• Changchun ​plans to ​leverage FAW’s ⁠headquarters presence to attract partners such as Leapmotor to introduce ​new vehicle models.
• The city is targeting ​high-growth ⁠automakers including BYD and Xiaomi to set up northern production bases, smart vehicle ⁠R&D ​centres, or key component ​projects to diversify its industrial base.

Continue reading “China’s Changchun unveils auto revamp plan, seeks BYD and Xiaomi to boost EV push”

Summary

• Uber says New York City law shields dangerous drivers and fraudsters
• Law slated to take effect on July 28
• New York City reviewing Uber’s complaint
• Uber faces ​3,571 lawsuits over driver conduct

NEW YORK, (Reuters) – Uber Technologies sued New York City to ‌block enforcement of a new law that it said would unconstitutionally force it to keep drivers it does not want on its platform.

In a complaint filed late on Tuesday night, Uber said the law against “wrongful deactivations” would improperly shield drivers who ​engage in dangerous, threatening or other inappropriate behavior, threatening public safety and causing “immediate and irreparable harm” by ​undermining the company’s reputation and goodwill. Continue reading “Uber sues New York City over ‘reckless’ driver protection law”

Source : PTI | More than 55,000 challans were issued and over 3,100 vehicles were impounded or towed during a week-long anti-encroachment and unauthorised parking drive conducted to decongest pavements and roads and ease traffic flow.

The Delhi Traffic Police said on Wednesday that the action was taken at 144 locations across Delhi between June 1 and June 7, with intensive operations carried out from June 3 to June 6 in all traffic circles and ranges in coordination with the MCD.

Continue reading “Over 55,000 challans issued as traffic police, MCD crack down on encroachments, illegal parking”

Source : PTI | Coworking solutions firm Urban Vault has given on sub-lease 16,000 sq ft office space in Gurugram to Green SM, the electric ride-hailing service backed by Vietnam’s Vingroup.

Bengaluru-based Urban Vault currently has a portfolio of over 2.80 million sq ft, comprising more than 70,000 seats across 80 locations. It primarily has a presence in Bengaluru, Pune and Gurugram. Continue reading “Green SM leases 16,000 sq ft workspace in Gurugram”

ESKILSTUNA, Sweden, (Reuters) – Truckmaker Volvo Group said ​on Wednesday customer demand and deliveries ‌in Europe are stable at good levels across the business in the second quarter while in North ​America, demand remains strong with ​production gradually increasing.

• Cost inflation is trending ⁠upward, while at the same time, ​high utilisation of customers’ trucks and machines ​supports service activity, the Swedish group said ahead of presentations to investors.
• It predicted its Trucks ​and Volvo Construction Equipment units would ​outperform historical growth rates. It did not specify a ‌timeframe.
• Self-driving ⁠trucks unit Autonomous Solutions aims to have driverless on-highway operations by the first quarter of 2027, and to approach around $3 ​billion in ​sales ⁠within five years, supporting group profitability.
• Engine and power systems unit ​Volvo Penta plans to double ​sales ⁠in the coming years.
• Volvo Group is one of the world’s largest makers of trucks, buses ⁠and ​construction equipment.
• Share price unchanged ​by 0753 GMT vs Tuesday closing

Continue reading “Truckmaker Volvo says demand is good in Europe, strong in North America”

(Reuters) – Honda Motor America has ​recalled 880,514 vehicles in the ‌United States over the failure of rear suspension components in ​the vehicles, the National ​Highway Traffic Safety Administration (NHTSA) said ⁠on Wednesday.

The recall includes ​certain Honda Pilot, Ridgeline, Passport, ​Acura MDX vehicles, the NHTSA said.

The vehicles can experience failure of rear ​suspension components, such as ​the rear control arm which could ‌lead ⁠to the loss handling and control, increasing the risk of a crash or injury. Continue reading “Honda America recalls more than 880,000 vehicles over rear suspension components failure”

Berlin, (Reuters) – Porsche will not produce a fully ​electric version of the ‌911 sports car, Porsche CEO Michael Leiters said at an ​event hosted by ​the magazine “Auto, Motor und Sport”, ⁠news agency dpa reported ​on Wednesday.

• All 911 models ​have been combustion-engine models so far with some models also available ​as hybrids
• Porsche has ​had a fully electric sports car ‌on ⁠the market since 2019, the Taycan, as well as two fully electric SUVs
• Porsche ​plans ​to ⁠continue investing in electric mobility selectively, guided ​by customer demand, ​said ⁠CEO Leiters
• Porsche has overestimated demand for electric models and ⁠has ​somewhat shifted ​back to combustion-engine vehicles

Continue reading “Porsche won’t produce fully electric 911, dpa cites CEO as saying”

Summary

• Renault CEO says EV demand up 50% in France and Germany since Iran war
• Company considers more shifts at French and Slovenian EV plants to meet demand
• CEO rejects offers from Chinese automakers to use ​Renault’s European factories

BRUSSELS, (Reuters) – Renault’s electric vehicle order book is up by 50% in some markets, such as France and Germany, since the Iran war started, the carmaker’s Group CEO Francois Provost told Reuters in an interview on Wednesday.

Provost said ​Renault had no problems in terms of sourcing batteries but the company was having to ​work hard to keep up with demand for electric vehicles, and it was setting ⁠up a task force to tackle this matter. Continue reading “Renault EV orders have surged in Europe since Iran war began, says CEO”

(Reuters) – Harley-Davidson said on Tuesday it is bringing ​production of the ‌Revolution Max engine platform for North America back to ​the U.S.

The motorbike ​maker uses the engine ⁠in its Sportster S, ​Nightster and Pan America ​1250 models. Continue reading “Harley-Davidson to bring Revolution Max production back to US”

Summary

• SpaceX’s high valuation and unproven AI ambitions may limit optimism
• Tesla’s established profitability and Musk’s dual role support case for holding both stocks
• Analysts debate potential merger, but expect Musk to remain committed to both companies

(Reuters) – SpaceX’s landmark listing this week is set to test the “Elon premium” that has made Tesla one of the most highly valued U.S. companies and a ​must-have among retail investors.

The rocket company led by Elon Musk is targeting a valuation of $1.77 trillion in its record-setting IPO, which would make it the seventh-biggest publicly traded ‌U.S. company by market value.

Musk’s fans contend that his track record makes buying SpaceX shares at the IPO a no-brainer, but some investors and analysts say the expensive multiple it is expected to trade at makes the risk too high. Continue reading “SpaceX’s lofty valuation set to put ‘Elon premium’ to test”

SAN FRANCISCO, (Reuters) – General Motors is releasing a software update that allows some U.S. electric-vehicle owners ​to pipe power back to the electric grid, another example ‌of car companies pursuing business opportunities in the energy sector.

The update gives owners of GM’s vehicle-to-home energy system, which allows the EV to power the ​home during a blackout, the expanded capability of feeding electricity ​to the power grid. However, it remains unclear whether doing ⁠so will be popular with drivers, who may also want ​to keep their cars charged. Continue reading “GM to offer EV owners ability to sell power to US electricity grid”

Source : PTI | Vehicles entering the national capital will soon pass through Delhi’s border toll points without stopping as the MCD has initiated introducing a multi-lane free flow toll collection system, reducing traffic and vehicular emissions at the city entry points.

According to the plan, the civic body will upgrade its toll and environmental compensation charge (ECC) collection to an MLFF (Multi-Lane Free Flow) system across its 154 border entry points, officials said on Monday. Continue reading “Barrierless, free-flow toll system soon to ease congestion at Delhi border entry points”

Source : PTI | Crude oil price fell by ₹101 to ₹8,606 per barrel in the futures trade on Tuesday amid weak global trends.

On the Multi Commodity Exchange, crude oil futures for the June delivery slipped by ₹101, or 1.16 per cent, to ₹8,606 per barrel in a business turnover of 6,533 lots.

Analysts said the prices fell after participants offloaded their holdings amid weak demand in the spot market. Continue reading “Crude oil futures fall amid weak global trends”

Source : PTI | The Karnataka government will issue smart cards to women under the Shakti Scheme enabling them to travel free in state-run buses more effectively, according to Transport Minister Byrathi Suresh.

The minister said that more than three crore people in the state are expected to receive these smart cards. Women will receive the cards at no cost, while men can obtain them by paying a fee, similar to a metro card. “These cards will need to be recharged once the balance is exhausted.”

Continue reading “Karnataka govt to issue smart cards for women bus passengers”

Summary

• Uber partners with British AI startup Wayve
• Vehicles will launch with trained safety operators
• Europe’s complex street layouts have been a challenge

LONDON, (Reuters) – Uber said its users could sign up from Monday for a chance to ride ​in London’s first robotaxis as soon as regulators give the go-ahead for launch, which it expects ‌in the coming months.

The cars will use AI technology from British startup Wayve to drive themselves round the capital’s streets, but will initially have trained operators sitting behind the wheel monitoring the system, the ride-hailing company said. Continue reading “London’s first robotaxis expected in months, Uber says”

Summary

• May marks 8th month of declines in China car sales
• EV makers still outpace overall market
• Car exports maintain strong growth
• VW trying to defend local position

BEIJING, (Reuters) – China’s car sales extended a downturn in May that has become a stress ​test for foreign automakers led by Volkswagen which is trying to revive its China business through locally developed electric vehicles.

Sales ‌dropped 22.3% from a year earlier to 1.53 million vehicles last month, marking an eighth consecutive month of decline, data from the China Passenger Car Association (CPCA) showed on Monday. Continue reading “China car sales downturn extends into May as VW tests EV revamp”

DETROIT, (Reuters) – A strike at a major supplier for General Motors’ trucks entered its second week ​on Monday with the United Auto Workers and Dauch ‌Corp still unable to reach a deal, according to a local union official.

“Unfortunately, we just walked away from the table. The ​company is trying to play games with words and ​not providing anything productive,” Josh Jager, bargaining chairman ⁠for Local 2093, said in a Monday afternoon statement, ​adding the union is working on another proposal to give ​back to the company. Continue reading “Strike at GM axle supplier continues”