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”

WASHINGTON, (Reuters) – A group representing major automakers warned late on Thursday that a chip disruption stemming from a dispute between China and the Dutch government could quickly impact U.S. auto production.

Carmakers and their suppliers received notice from chipmaker Nexperia last week that it could no longer guarantee delivery of its chips, said ACEA, the European Union’s auto association, which also said manufacturing could be significantly disrupted. Continue reading “Automaker group warns Nexperia chip supply issue could quickly disrupt US production”

“WAF AutoNews” is World’s No.1 in World Auto News,  Auto Think Tank & Auto Awards !!
Click Here to See for yourself.

WAF THINK TANK

Dhanteras Deals on Cars at CarPhD – Gaadi & Dealer ka Asli Report Card! CarPhD

The Incredible Journey of Madhus Garage Equipment WAF Continue reading “WAF Auto News | The Auto World This Week (17th October 2025)”

After Italy, Hero MotoCorp strengthens its European presence through a new distribution partnership with Noria Motos in Spain

MADRID, SPAIN / NEW DELHI, INDIA, Oct 15, 2025 — Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today announced its official entry into the Republic of Spain in partnership with Noria Motos, part of the ONEX Group and Euro 5+ Models. As the world’s largest manufacturer of motorcycles and scooters for over 24 years serving a customer base of 125 million+ globally, this expansion marks Hero MotoCorp’s entry into its 50th international market, while strengthening its presence in Europe.

Mr. Sanjay Bhan, Executive Vice President, Hero MotoCorp, said, “Hero MotoCorp’s entry into Spain marks a defining milestone in our global expansion journey. Following our foray into Italy, our launch in Spain further strengthens our footprint across Europe – one of the world’s most dynamic two-wheeler markets in the world. With presence now spanning 50 international markets across five continents, we reaffirm our commitment to redefining the future of mobility through next-gen mobility solutions that deliver Limitless Freedom and Limitless Adventure to riders everywhere.” Continue reading “Hero MotoCorp rides into the Spanish Market, Expanding its presence across 50 Countries”

Summary

• Automated Driving Test Tracks (ADTTs) to be set up across 10 cities for Light Motor Vehicles (LMV) and Two-Wheelers (TW) driving license testing
• Tracks equipped with advanced video analytics, Radio Frequency Identification (RFID) and Harnessing Automobiles for Safety (HAMS) technologies for standardized, technology-driven testing process

Chennai / New Delhi, 14 October 2025: Maruti Suzuki India Limited (“Maruti Suzuki”) signed a Memorandum of Agreement (“MoA”) with the Transport Department, Government of Tamil Nadu to set up 10 Automated Driving Test Tracks (“ADTTs”) across the state. Continue reading “Maruti Suzuki signs Memorandum of Agreement with Transport Department, Government of Tamil Nadu, to automate 21 driving license test tracks under CSR initiative”

(Reuters) – Ford Motor is recalling 59,006 vehicles that are equipped with engine block heaters for fire risks, the U.S. National Highway Traffic Safety Administration said on Thursday.

The U.S. auto regulator said the engine block heater in certain vehicles may crack and develop a coolant leak, causing it to short-circuit. Continue reading “Ford to recall over 59,000 US vehicles over fire risks, NHTSA says”

Summary

• Investors say offered premium is well below average of similar deals
• Deal likely to strengthen influence of Toyoda family in the group
• Investors seek clarity on conflict of interest for Akio Toyoda versus other shareholders

TOKYO, (Reuters) – Global investors have called on Toyota Motor to provide more disclosure about its planned buyout of group firm Toyota Industries, criticising what they said was “opaque” valuation and a failure to safeguard the interests of minority shareholders.

An August 8 letter – made public on Thursday – from some two dozen asset managers including AllianceBernstein, Neuberger Berman and Schroders, is likely to deepen scrutiny of a deal that promises a landmark unwinding of cross-shareholdings and to strengthen the influence of the founding Toyoda family within the group. Continue reading “Investors call for greater disclosure in Toyota’s buyout of group company”

Summary

• Horse Powertrain makes petrol engines and hybrids
• Aims to be top engine maker by 2035, currently third
• JV between France’s Renault and China’s Geely
• Supported by slower shift to fully electric cars

MUNICH/STOCKHOLM, (Reuters) – When French carmaker Renault and China’s Geely (GEELY.UL) carved out their combustion-engine operations in 2022, the venture looked like a footnote to an outdated technology. Now, Horse Powertrain has a new lease of life.

The joint venture aims to become the world’s top engine maker by 2035, betting that legacy carmakers pivoting to EVs will still need suppliers to make combustion engines for them as the energy transition stutters. Continue reading “Horse power: Renault-Geely engine unit speeds up as EV shift stutters”

(Reuters) – Stellantis is recalling 298,439 vehicles in the U.S. due to a shifter cable defect that could disable the park function and allow the vehicle to roll away, the U.S. National Highway Traffic Safety Administration said on Wednesday.

The shifter cable may detach from the transmission, preventing the vehicle from shifting into the park position, the NHTSA said. Continue reading “Stellantis to recall over 298,000 US vehicles over rollaway risk”

(Reuters) – Nissan is recalling 173,301 vehicles in the United States due to a potential issue with blown fuel pump fuses that can cause engine stalling, the U.S. National Highway Traffic Safety Administration said on Wednesday.

The fuel tank temperature sensor harness may have been incorrectly routed, damaging wires and causing a short circuit in the fuel pump fuse, the NHTSA said. Continue reading “Nissan to recall more than 173,000 US vehicles over fuel pump issue”

(Reuters) – Alphabet’s Waymo plans to launch its fully driverless ride-hailing service in London in 2026, the robotaxi firm said on Wednesday, as it looks to expand its footprint to major international cities.

Waymo 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 launch autonomous ride-hailing service in London next year”

Summary

• Norway plans to phase out EV tax exemptions by 2027
• Finance Minister Stoltenberg cites achievement of EV sales goal
• Parliamentary negotiations needed for budget’s approval
• Pro-EV lobby group wants staggered phase-out

OSLO, (Reuters) – Norway plans to eliminate its main subsidy for electric vehicles over the next two years, the government said on Wednesday, adding thousands of dollars to the cost of new cars like Tesla’s Model Y, the country’s top-selling automobile. Continue reading “Norway proposes widening EV tax to include mass-market Tesla models”

(Reuters) – Stellantis’ new $13 billion investment plan in the U.S. marks a key step to countering tariffs imposed by President Donald Trump and to reviving the automakers’ sales in its main market, investors and analysts said on Wednesday.

The plan, announced late on Tuesday, would help buffer the group from U.S. tariffs, an impact the French-Italian-American group had estimated in July at about $1.7 billion this year. Continue reading “Stellantis’ $13 billion investment plan in US wins nod from investors, analysts”

OTTAWA, (Reuters) – Canada threatened legal action against automaker Stellantis NV on Wednesday over what Ottawa says is the company’s unacceptable plan to shift production of one model to a U.S. plant.

Stellantis announced a $13 billion investment in the U.S. on Tuesday, a move it said would bring five new models to the market. As part of the plan, production of the Jeep Compass will move to Illinois from a facility in Brampton in the Canadian province of Ontario. Continue reading “Canada threatens Stellantis with legal action over plan to shift output to US”

Source : PTI | Luxury carmaker BMW expects its electric vehicle sales to surge over the next few years, accounting for around 30 per cent of the overall sales before 2030, driven by new products and enhanced adoption of green vehicles in the country, according to company’s President and CEO Hardeep Singh Brar.

The German luxury carmaker’s electric vehicle portfolio in India currently accounts for around 21 per cent of the overall sales. Continue reading “Expect electric model range to account for 30% of overall sales before 2030: BMW India”

Source : PTI | Ola Electric is likely to enter the energy storage market, which is expected to reach over $30 billion by 2030, sources said. Ola Electric chairman and managing director Bhavish Aggarwal has hinted at a major announcement on October 17, suggesting the company’s entry into the segment.

In a tweet, Aggarwal stated that power in India is transitioning “from utility to deep tech – intelligent, portable, and personal”, signalling a potential shift beyond the company’s core electric vehicle business. Industry sources speculate the announcement could involve Battery Energy Storage Systems (BESS) for homes and businesses, leveraging Ola’s existing 4680 Bharat Cell technology from its Tamil Nadu Gigafactory.

Continue reading “Ola Electric likely to foray into BESS mkt”

Source : PTI | Zomato on Tuesday said it has joined a coalition of major food and grocery delivery platforms aimed at advancing the adoption of zero-emission two- and three-wheeler vehicles globally.

The formation of the industry-led alliance, Deliver-E Coalition, which has the backing of the United Nations Environment Programme (UNEP) earlier in the day was announced in Dubai with Delivery Hero, DoorDash, iFood, Mr D, Swiggy, Uber, Wolt as its founding members besides Zomato.

Continue reading “Zomato joins delivery platforms coalition to drive green vehicles adoption”

Source : PTI | Electric two-wheeler manufacturer Enigma Automobiles on Monday said it has secured a credit facility of ₹6.5 crore from State Bank of India (SBI) to boost growth and expansion into tier-1 cities.

The working capital support, structured as a term loan and an LC (line of credit), will provide the company with the financial flexibility to accelerate production and strengthen its expansion strategy, Enigma said.

Continue reading “Enigma Automobiles secures ₹6.5 crore credit facility from SBI”

(Reuters) – Foxconn’s two-year pursuit of a stake in a unit of German auto supplier ZF Group stalled last month due to a substantial mismatch in valuation expectations and a higher-than-estimated debt pile, according to documents seen by Reuters.

The findings from the Taiwanese firm’s due diligence were circulated days before ZF Group said in October that it would abandon its plans to spin off its powertrain technology unit, known as Division E. Continue reading “Exclusive: Foxconn bid for stake in unit of Germany’s ZF Group stalls, documents show”

Summary

• GM’s $1.6 billion charge linked to EV capacity adjustments
• GM may incur further charges due to capacity reassessment
• Automaker expects EV adoption to slow

(Reuters) – General Motors said on Tuesday it would take a $1.6 billion charge in the third quarter as it reshapes its electric vehicle strategy following the scrapping of a key federal incentive that is likely to dampen demand.

GM’s disclosure is one of the clearest indications yet that U.S. automakers are scrambling to adapt their production plans in response to slowing EV demand. Continue reading “GM to take $1.6 billion charge as tax credit blow muddies EV plans”

Summary

• Investment is the largest in the automaker’s history
• 5,000 jobs to be added in Midwest plants
• Belvidere plant reopening to create 3,300 jobs, produce Jeep models

(Reuters) – Stellantis announced a $13 billion investment in the U.S. on Tuesday, a move it said will bring five new models to the market and add 5,000 jobs in plants across the Midwest over the next four years.

The plan, which includes some previously disclosed investments, may help buffer Stellantis from U.S. President Donald Trump’s tariffs, which the automaker has said would cost it around $1.7 billion this year. Continue reading “Stellantis to invest $13 billion in the United States”

SEOUL, (Reuters) – South Korea’s industry minister said on Monday that the government had expressed concerns over Hyundai announcing multi-billion dollar U.S. investment plans at the same time as Seoul was involved in delicate trade negotiations with Washington.

“We told Hyundai that (its) conduct was deeply regrettable, especially considering that our efforts have been made for the sake of Hyundai and Kia’s industry,” South Korea’s Industry Minister Kim Jung-kwan told parliament in response to questions. Continue reading “South Korea says it flagged Hyundai US investment plan concerns”

(Reuters) – Credit rating agency Moody’s Ratings changed European automaker Stellantis’ ratings outlook to negative on Monday, though maintained its current ratings.

In their Monday report, opens new tab, Moody’s analysts outlined the financial risks facing the owner of Chrysler, Fiat, Jeep and other car brands. Continue reading “Moody’s puts Chrysler owner’s credit ratings on negative outlook”

Summary

• Leveraged ETF derivatives fueled Friday selloff
• JPMorgan analysts warn more ETF-related selling may follow
• Leveraged ETFs among hottest new products in 2025

Oct 13 (Reuters) – Large-scale selling of leveraged exchange-traded funds contributed significantly to Friday’s U.S. stock market rout, according to a report published late on Sunday by JPMorgan’s Americas equities derivatives strategy team.

The report estimated that some $26 billion of selling from leveraged ETFs at Friday’s close drove the overall market even lower after threats by U.S. President Donald Trump that he would levy big new tariffs on China triggered an initial selldown. Continue reading “JPMorgan says leveraged ETFs worsened Friday’s Wall St selloff”

BEIJING, (Reuters) – China has officially started collecting special port fees from U.S.-owned, operated, built, or flagged vessels on Tuesday but said Chinese-built ships would be exempted from the levies, according to state broadcaster CCTV.

The details published by CCTV clarify the specific provisions on exemptions, including for ships built by China, empty ships entering Chinese shipyards for repair, and other ships that are deemed exempted from payment. Continue reading “China begins charging port fees for US ships, exempts China-built ones”

(Reuters) – China’s No. 1 automaker BYD considers Spain to be its top candidate for a third car factory to serve the European market, two people briefed on the matter told Reuters, as the company seeks to grow sales on the continent.

A BYD assembly plant, joining two other planned factories in Hungary and Turkey, would be a significant boost for the carmaker that competes with Tesla, and would also bolster Spain’s aim of becoming a major hub for electric vehicle production. Continue reading “Exclusive: Spain the frontrunner for Chinese carmaker BYD’s third European plant, sources say”

Summary

• China’s Sept car sales +6.6% y/y vs +4.9% y/y in Aug
• Dealers, consumers take advantage of trade-in incentives
• BYD domestic market share drops to 14%, vs 18% in Sept 2024
• Geely, Leapmotor, Xpeng and Xiaomi post record sales
• Tesla China sales dip 0.9%, third month of decline

BEIJING, (Reuters) – China’s car sales accelerated in September, the traditional peak season for the auto market, as dealers and consumers took advantage of trade-in subsidies before more local governments suspended the incentives. Continue reading “China’s car sales pick up speed in ‘Golden September’”

Summary

• UK court to decide if diesel vehicles had ‘defeat devices’
• About 1.6 million claimants suing carmakers for compensation
• Manufacturers say claims are ‘fundamentally flawed’
• Key trial comes decade after VW ‘dieselgate’ scandal

LONDON, (Reuters) – Some of the world’s biggest carmakers manipulated diesel emissions tests because they “would rather cheat than comply with the law”, lawyers for over 1.6 million claimants told London’s High Court on Monday, at the start of a huge trial. Continue reading “Carmakers accused in huge UK lawsuits of cheating diesel emissions tests”