Summary

• Delivery, freight outperform; ride-hailing revenue misses
• Q1 revenue hit by winter storms, Iran war, higher fuel costs
• Uber targets robotaxi trips in 15 cities by end of 2026

(Reuters) – Uber Technologies forecast second-quarter bookings above Wall Street estimates on Wednesday on strong ‌demand for ride-hailing and delivery services, even though the Middle East conflict weighed on its growth.

Shares of the San Francisco-based company rose about 7%. Continue reading “Uber forecasts strong second-quarter bookings despite Middle East woes”

Summary

• Negotiations to continue on May 19
• EU Parliament, governments seek deal under looming US tariffs
• Lawmaker-demanded safeguards complicate swift approval
• Member states push fast implementation to avert tariff escalation

BRUSSELS, (Reuters) – European lawmakers and governments are making good progress in ‌negotiations to finalise a deal scrapping duties on U.S. imports but “there is still some way to go”, the European Parliament’s chief negotiator Bernd Lange said on Thursday.

The lawmakers and governments were aiming to finalise a deal under renewed pressure from U.S. President Donald Trump, with divisions over safeguards an overhang on the chances of a ​swift agreement. Continue reading “EU negotiator says ‘still some way to go’ on US trade deal under threat of higher auto tariffs”

Source : PTI | The ongoing West Asia conflict has highlighted India’s structural vulnerability to energy shocks, reinforcing the need to reduce dependence on imported crude and accelerate efforts to strengthen energy security, according to an external member of the RBI’s rate-setting panel.

Nagesh Kumar, who is the director of the Institute for Studies in Industrial Development and also a part of the Monetary Policy Committee, said the Indian approach needs to focus both on stepping up oil exploration domestically and hastening the transition to alternative sources. Continue reading “West Asia war has a crude lesson for Indian economy: Cut the oil imports”

COPENHAGEN, (Reuters) – Sweden-based Volvo Cars sold 162,864 cars in ​the three months through April, down ‌10% from the same period a year earlier, it said on Tuesday.

• China sales remained ​weak amid competitive and macro pressures, ​while U.S. deliveries continued to face ⁠softer customer sentiment, slower electrified car ​demand and SUV pricing pressure.
• Sales of electrified ​models, including fully electric and plug-in hybrid cars, accounted for 48% of cars sold in the ​period.
• Fully electric car sales rose 14% ​to 39,235 vehicles, making up 24% of total ‌sales, ⁠while plug-in hybrid sales fell 12%.
• “The automotive industry continues to face challenging market conditions which are reflected in the sales ​performance for ​the ⁠three-month period ending April 2026,” it said.
• Order pace in Europe, ​the company’s largest region, remained resilient, ​led ⁠by fully electric cars.
• The company said deliveries of fully electric cars had grown ⁠for ​seven consecutive months, driven ​by the EX30 and EX40 models.

Continue reading “Volvo Cars’ February-April sales volume down 10% year-on-year”

(Reuters) – Harley-Davidson outlined a new strategy on Tuesday focused on lower-priced motorcycles and its dealer network to help shore up volumes, the company’s latest turnaround ​attempt under new top boss Artie Starrs.

Shares of the storied motorbike maker rose about 2.3% in ‌early trading on the comments, even though Harley reported a weaker first quarter. Continue reading “Harley-Davidson bets on affordable models, dealer network in latest turnaround effort”

PARIS/BARCELONA/LONDON, (Reuters) – Nissan Motor will cut about 900 jobs in Europe, around 10% of the total, and consolidate production from two ​lines to one at its Sunderland plant in the UK as part of a global ‌restructuring drive, the Japanese automaker said on Tuesday.

The job cuts will focus on white-collar and warehouse roles, a Nissan Europe spokesperson said, adding that the company’s current European headcount stands at about 9,300. Continue reading “Nissan to cut 900 job cuts in Europe as part of global restructuring”

BERLIN, (Reuters) – A looming U.S. tariff hike would have a ‘significant’ impact on German ​premium carmaker Audi as it pushes ahead with plans to ‌launch its largest SUV in the U.S. this summer, finance chief Juergen Rittersberger said on Tuesday.

U.S. President Donald Trump has threatened to raise tariffs on EU car ​imports to 25%, arguing that the bloc has failed to ​comply with last year’s U.S.-EU trade agreement. The measures have ⁠not yet been confirmed, Rittersberger noted. Continue reading “Audi fears ‘significant’ tariff impact ahead of SUV launch in US”

Summary

• Auto parts makers in Argentina face falling sales, plant closures
• Milei’s reforms benefit foreign exporters but hurt domestic industry
• Economists say manufacturers being squeezed by stronger peso, austerity measures

BUENOS AIRES, (Reuters) – Inside a small, family-run auto parts plant on the outskirts of Buenos Aires, production lines sit quiet.

The factory is running below capacity as the firm, Suspenmec, ​struggles to compete with an influx of cheaper imported parts, many from China, after Argentina sharply eased trade restrictions. Continue reading “Argentina’s auto parts industry feels the pain from Milei’s shock therapy”

Summary

• EU regulators voice safety concerns over FSD, including speeding and performance on icy roads
• Officials frustrated by Tesla’s strategy of encouraging owners to pressure regulators
• Dutch will present case for FSD to EU-wide committee this week

(Reuters) – Tesla CEO Elon Musk has projected confidence that the European Union will soon green-light the carmaker’s “Full Self-Driving” (FSD) system, but emails from some European regulators show marked skepticism toward the technology and its stated safety ​benefits.

Tesla’s “FSD (Supervised)” technology got the nod from Dutch road regulator RDW in April. RDW is now seeking EU approval for FSD, with a key committee hearing scheduled for Tuesday. Continue reading “Exclusive: Tesla faces EU skepticism over automated-driving tech, records show”

Porsche India, a division of Škoda Auto Volkswagen India Private Limited (SAVWIPL), today announced the appointment of Ashutosh Dixit as Brand Director, Porsche India, with immediate effect.

India |Porsche India, a division of Škoda Auto Volkswagen India Private Limited (SAVWIPL), today announced the appointment of Ashutosh Dixit as Brand Director, Porsche India, with immediate effect. Continue reading “Porsche India appoints Ashutosh Dixit as Brand Director”

Pune :  Tunwal E-Motors proudly announces its successful association with Bigg Boss Marathi Season 6, marking a major milestone in the brand’s marketing journey with an investment of ₹1.75 crore. The season aired on JioStar and Colors Marathi, offering extensive reach and consistent audience engagement across Maharashtra and beyond.

As part of this strategic collaboration, Tunwal E-Motors integrated its electric vehicle within the Bigg Boss house, where it remained a prominent feature for nearly 100 days, ensuring strong and repeated brand visibility throughout the season. Continue reading “Tunwal E-Motors Accelerates Brand Visibility with Bigg Boss Marathi Season 6 Integration”

Key features in the New Force Traveller N:

1. All-new car-like cockpit with digital cluster and 9-inch infotainment screen
2. Improved NVH for a quieter cabin experience
3. New ergonomically designed seats
4. New front facia with DRL and LED turn indicators
5. All-new HVAC system for improved cabin cooling
6. Moulded roof with modular construction design across all variants
7. Enhanced structural integrity (improved BIW build)
8. Reduced number of body joints through improved design and manufacturing techniques
9. Comprehensively re-engineered sheet metal structure
10. Robust manufacturing and quality systems enhancing fit, finish, and overall aesthetics
11. Advanced manufacturing, including robotics and automated door hemming, improve build quality, efficiency, and consistency

Pune, India, : Force Motors Limited, India’s largest van maker and a leading automotive manufacturer, today launched the New Force Traveller N Range comprising of ambulance, delivery van, and school bus applications. Continue reading “Force Motors launches New Force Traveller N Range—Reimagined for the future of shared passenger mobility”

WASHINGTON, (Reuters) – U.S. Trade Representative Jamieson Greer told European Union and German trade officials over the weekend that the U.S. will move ​forward with President Donald Trump’s plan to raise EU car import tariffs to 25%, according to ‌a statement made Monday on CNBC.

“I was in contact with both European and German trade officials this weekend to help them understand why this was happening and remind them of all the conversations we’ve had about ​their compliance,” Greer told CNBC in an interview. “I’ll continue to have those conversations, but ​the president’s moving forward with this action.” Continue reading “US to move forward with plans to hike EU car tariffs”

Source : PTI | Ramkrishna Forgings is gearing up to start commercial operations of its Chennai facility from June this year, a development that will mark the company’s foray into forged wheel manufacturing business.

The company has been setting up the facility at an estimated cost of ₹2,000 crore after receiving a Letter of Award (LOA) from the Indian Railways in 2023, Naresh Jalan, the Managing Director of Ramkrishna Forgings, said.

Continue reading “Ramkrishna Forgings set to foray into forged wheel production next month”

Hero MotoCorp has announced the appointment of Sachin Agrawal as its Chief Technology Officer (CTO), effective May 21, 2026. This leadership transition marks a significant step in the company’s ongoing transformation towards future mobility solutions.

Agrawal succeeds Vikram Kasbekar, who will step down from the CTO role while continuing as Executive Director on the company’s Board, ensuring continuity in leadership. Continue reading “Hero MotoCorp Appoints Sachin Agrawal as CTO to Drive Next-Gen Mobility Vision”

(Reuters) – New registrations of Tesla cars extended their recovery in several European markets in April, more than doubling in Sweden, France and Denmark while ​rising in the Netherlands but falling sharply in Norway and Spain.

Tesla’s sales in Europe ‌have rebounded strongly so far this year after two consecutive annual declines, helped by an easier comparison base and customers’ rising interest in alternatives to combustion‑engine vehicles following a surge in petrol prices ​triggered by the Iran war. Continue reading “Tesla’s European rebound continues in April despite decline in Norway and Spain”

(Reuters) – Elon Musk contacted OpenAI President Greg Brockman to gauge interest in a settlement ​two days before their high-stakes trial got underway in ‌Oakland federal court, according to a new court filing.

When Brockman suggested both sides drop their claims, Musk allegedly said, “By the end of this ​week, you and Sam will be the most hated ​men in America. If you insist, so it will ⁠be,” the filing, made on Sunday, stated. Continue reading “Musk sought settlement with OpenAI before Oakland trial, filing shows”

Summary

• Trump threatens 25% car tariffs, citing EU delay in removing duties on US goods
• German Chancellor Merz urges swift EU action to finalise trade deal
• EU lawmakers seek sunrise, sunset clauses and safeguards

BRUSSELS, (Reuters) – European Union countries are broadly pushing for the swift implementation of the bloc’s side ‌of a trade deal struck with the United States last year to ward off the threat of higher auto tariffs, EU diplomats said on Monday.

Representatives of the European Parliament and the Council, the body representing EU governments, will on Wednesday ​resume negotiations on legislation to lower EU duties on imported U.S. goods, with the EU ​assembly wanting to establish multiple safeguards. Continue reading “EU countries push to settle US trade deal to avoid car tariff hike”

(Reuters) – Tesla’s new car sales ​in Spain fell ‌47.3% in April from the same ​month last ​year to 301 vehicles, ⁠registration data ​from industry group ​ANFAC showed on Monday.

In the first four months, ​sales of ​Tesla cars in Spain ‌rose ⁠29.1% compared to the same period in 2025, ​while ​total ⁠sales of electrified vehicles, ​a category that ​includes ⁠both fully-electric vehicles and hybrids, ⁠grew ​by ​54%. Continue reading “New Tesla sales in Spain fall 47.3% year-on-year in April”

Summary

• Shares in German automakers down 2% to 3%
• Trump says auto import tariffs will be increased to 25%
• Move hurts European automakers exporting to the U.S.

FRANKFURT, (Reuters) – Shares in German carmakers slid on Monday following ​President Donald Trump’s decision to hike U.S. tariffs on imported European cars to 25% from the 15% levy previously ‌agreed, dealing a fresh blow to the already battered sector. Continue reading “German carmakers in crosshairs of latest Trump tariff salvo”

Source : PTI | In a renewed push to curb vehicular pollution in the national capital, the Delhi government has intensified enforcement of its “no PUC, no fuel” rule, leading to over 15,000 vehicles being turned away from fuel stations in just four days from April 26 to 29, as per data accessed by the PTI.

The move signals a stricter on-ground implementation of existing norms to tackle the city’s persistent air quality crisis. Continue reading “Delhi govt tightens ‘no PUC, no fuel’ rule, data shows over 15K vehicles denied fuel in four days”

Source : PTI | The country’s largest carmaker, Maruti Suzuki India, has started the new fiscal 2026-27 with a 42 per cent market share, increasing from 39 per cent in the previous fiscal.

According to industry estimates, the company, which posted a record domestic sales of 1,91,122 units in April, gained nearly 3 percentage points in market share the month. Continue reading “Maruti Suzuki India starts FY27 with increase in market share to 42%”

The mobility ecosystem has lost a significant voice with the passing of Kewin Kuriath, Founder & CEO of Mobility Aftermarket.

A respected industry leader and entrepreneur, Kewin played a pivotal role in shaping conversations around the automotive aftermarket and its future in an increasingly digital and connected world. Continue reading “Remembering Kewin Kuriath: A Driving Force Behind the Mobility Aftermarket Evolution”

Source : PTI | India’s used car market is expected to double to around $70 billion by 2031 from $35 billion in the last financial year, accelerated by a mix of factors such as rising affordability and faster replacement cycles, among others, making it one of the most attractive markets globally, a report said on Thursday.

The country which currently stand at 5th position in terms of used car markets is globally and is projected to become the 3rd largest by the end of this decade, trailing only the US and China, strategy consulting firm Redseer said in a study report. Continue reading “India used car market expected to double to $70 billion in five years: Report”

Summary

• Monitor cites governance failures and lack of investment oversight at UAW
• Monitor disputes $80 million loss figure, calling union’s calculation exaggerated
• Union says it disagrees with some findings but it has adopted the monitor’s recommendations

(Reuters) – A federally appointed monitor overseeing the United Auto Workers found “multiple points of breakdown” in a delayed investment of union funds that ​could have cost the labor group millions in unrealized stock gains.

Reuters first reported last June that the union’s leadership was in turmoil over an ‌alleged investment blunder that officials said at the time cost the UAW about $80 million in potential gains from its financial portfolio. Continue reading “Federal monitor flags ‘dysfunction’ in UAW’s management of investments”

LONDON, (Reuters) – Registrations of Tesla cars continued to rebound in France, Denmark and the Netherlands in April, but ​fast-moving Chinese rivals such as BYD kept chipping away ‌at the U.S. electric vehicle maker’s market share.

Tesla’s sales have recovered strongly in Europe this year after two consecutive annual declines, including a drop ​of nearly 27% in 2025. Continue reading “Tesla sales rebound continues in several European markets in April”

SHANGHAI, (Reuters) – Chinese EV giant ​BYD’s vehicle sales fell for an eighth straight month ‌in April, down 15.5% from a year earlier and extending its longest-ever downturn as it struggles with weak demand at home.

Overseas ​sales of passenger vehicles and pickup trucks, increasingly a ​source of growth for BYD, jumped 35% to ⁠130,000 vehicles last month, according to Reuters calculations based ​on a Weibo post by BYD executive Li Yunfei. Continue reading “BYD’s sales downturn extends to eighth straight month”

Summary

• Pentagon partners with seven AI firms, excluding Anthropic
• Staff reluctant to drop Anthropic, citing tool superiority despite Pentagon ban
• Pentagon expands AI partnerships to avoid overreliance on single vendor

WASHINGTON, (Reuters) – The Pentagon said on Friday it had reached agreements with seven AI companies to deploy their advanced ‌capabilities on the Defense Department’s classified networks as it seeks to broaden the range of AI providers working across the military.

The statement excludes Anthropic, which has been in dispute with the Pentagon over guardrails on the military’s use of its artificial intelligence tools. Continue reading “Pentagon reaches agreements with top AI companies, but not Anthropic”

Summary

• Trump cites EU non-compliance with trade deal as reason for tariff hike
• EU officials criticize move as arbitrary, warn of firm response
• Economist calls on Brussels, Berlin to ‘finally show some backbone’
• Shares of Ford, Stellantis, GM down after tariff announcement

WASHINGTON, (Reuters) – U.S. President Donald Trump said on Friday he would increase tariffs on cars and trucks from the European Union to 25% next week from the previously agreed 15%, saying ​the bloc had not complied with its trade deal with Washington.

The move drew sharp rebukes from European politicians and trade groups, with one European economist calling on Brussels and the German government to “finally show some backbone” and ‌impose retaliatory tariffs. Continue reading “Trump says he will raise tariff on autos from European Union to 25%”

BRUSSELS, (Reuters) – U.S. President Donald Trump’s ​announcement to increase tariffs on cars from ‌the EU shows that the U.S. is an unreliable trading partner, EU parliament’s ​trade committee chair Bernd Lange said ​on Friday.

“This latest move demonstrates just ⁠how unreliable the U.S. side ​is,” Lange said. “This is no way to ​treat close partners. Now we can only respond with the utmost clarity and firmness, drawing ​on the strength of our ​position.” Continue reading “Trump’s tariffs on EU autos show US to be unreliable, says EU parliament’s trade committee chair”

Mumbai, May 1, 2026: Tata Motors Passenger Vehicles Ltd. sales in the domestic & international market for April 2026 stood at 59,701 units, compared to 45,532 units during April 2025.

  Continue reading “Tata Motors Passenger Vehicles Ltd. registered total sales of 59,701 units in April 2026”

Bangalore, 01^st May 2026: Toyota Kirloskar Motor (TKM) today announced its sales performance for the month of April 2026 with 32,086 units, reflecting a growth of 17% compared to 27,329 units sold in April 2025. This includes 30,159 units sold in the domestic market and 1,927 units exported.

April 2025 VS April 2026 [Y-O-Y]

Continue reading “Toyota Kirloskar Motor Registers 32,086 Units Sales in April 2026”

Source : PTI | New Delhi: The government has cut the windfall gains tax on the export of diesel to ₹23 per litre and aviation turbine fuel to ₹33/litre, effective Friday.

The finance ministry, in a statement, said there will be no change in existing excise duty rates on petrol and diesel for domestic consumption.

Continue reading “Excise duty on diesel exports cut to ₹23/ltr”

(Reuters) – Ford is recalling 179,698 ​vehicles in the U.S. ‌due to a loose bolt in ​the front seat ​frame, the U.S. National ⁠Highway Traffic Safety ​Administration (NHTSA) said on ​Friday.

The recall includes certain 2024-2026 Ranger and Bronco vehicles. Continue reading “Ford recalls about 180,000 vehicles over loose bolt in front seat frame, NHTSA says”

(Reuters) – Harley-Davidson is ​recalling 88,039 ‌motorcycles in the U.S. ​due ​to an airbox ⁠backplate ​breather port ​that may be blocked, allowing ​pressure ​to build up ‌inside ⁠the crankcase, the U.S. ​National ​Highway ⁠Traffic Safety Administration (NHTSA) ​said ​on ⁠Friday. Continue reading “Harley-Davidson recalls around 88,000 motorcycles over Airbox Baseplate issue, NHTSA says”

(Reuters) – Elon Musk testified for more than seven hours over three days this week at a trial in Oakland, California, over the future of OpenAI, casting his lawsuit against the owner of ChatGPT as a defense of the institution of charitable giving.

Musk, the CEO of Tesla and SpaceX as well as the world’s richest person, is also ​suing OpenAI’s Chief Executive Sam Altman and its President Greg Brockman, saying they betrayed him and the public by abandoning the mission to be ‌a benevolent steward of AI for humanity. Continue reading “Key takeaways from Musk’s testimony at OpenAI trial”

(Reuters) – Magna International topped analysts’ estimates for first-quarter sales and profit on Friday, ​helped by stronger foreign exchange and ‌resilient demand for its auto parts.

Demand for auto parts and advanced driver-aid systems has held ​up, although the end of certain ​programs and lower vehicle production weighed on ⁠overall sales in the first quarter. Continue reading “Magna tops quarterly profit, sales estimates on auto parts demand”

Summary

• Rivian plans to draw DOE loan in early 2027
• Posts narrower loss, revenue beat in Q1
• Uber robotaxi deal and Volkswagen partnership aim to drive future growth

(Reuters) – Rivian said on Thursday it will get up ​to a $4.5 billion loan from the U.S. Department of Energy, about $2 billion lower than previously approved, to build its ‌plant in Georgia and will draw the funds earlier than planned in 2027.

Access to the loan will be crucial for the electric-vehicle maker, which like many of its peers has been burning cash, as it starts building the Georgia plant and equips it to expand production of the smaller and more affordable R2 ​SUVs, seen as critical for the company’s success. Continue reading “Rivian says US loan for Georgia plant set to be smaller but quicker”

Summary

• Toyota forecast to post $5.2 billion Q4 operating profit
• Middle East conflict drives up aluminium prices, disrupts shipments and regional sales
• Analysts, suppliers warn of further profit risks from higher input costs this year

TOKYO, (Reuters) – Toyota is expected to report a fourth successive year-on-year decline in quarterly operating profit ​next week, as rising material and labour costs and the impact of U.S. tariffs offset strong demand, particularly for hybrid vehicles.

The world’s ‌biggest automaker is forecast to post operating profit of 813 billion yen ($5.17 billion) for the January-March quarter, down 27% from a year earlier, according to the median estimate of seven analysts surveyed by LSEG. Continue reading “Toyota to post fourth straight quarterly profit drop as Middle East risks, costs mount”