Source : PTI | The government’s aim is to make India’s automobile industry number one in the world within five years, Union Minister
The future of Indian automobile industry is very good as the country has trained manpower, Gadkari said while addressing an event here, highlighting that all big automobile companies are present in the country. Continue reading “Aim to make India’s auto industry no. 1 globally in 5 years: Gadkari”
Summary
BEIJING, (Reuters) – China’s producer deflation eased in August, suggesting Beijing’s efforts to rein in excessive competition and price cuts in key industrial sectors were starting to bear fruit, though analysts say manufacturers remain some way off from a reflationary cycle.
Data released by the National Bureau of Statistics (NBS) on Wednesday also showed consumer prices fell at the fastest pace in six months, reflecting food price volatility, but the core index rose to a 2-1/2-year high. Continue reading “China’s producer deflation eases, helped by crackdown on price wars”
MUNICH, (Reuters) – Chinese car makers are making inroads in Europe and executives say they are in the region to stay, underscoring a key reversal as brands from BYD to SAIC take market share on a continent where they once struggled to make sales.
At this week’s IAA Mobility car show in Munich, China’s auto firms – facing a tough price war at home – were increasingly bullish about their plans for Europe, dominated still by local brands such as Volkswagen and Renault. Continue reading “‘In Europe to stay’: Chinese carmakers steal a leaf from VW’s playbook”
Difficult economic conditions, exacerbated by U.S. President Donald Trump’s tariffs, and persistently weak demand for many products have forced European companies to freeze hiring or cut jobs.
Here are some of the layoffs announced since the beginning of April:
Continue reading “European companies cut jobs in response to slowing economy”
BEIJING, (Reuters) – China’s industry ministry on Wednesday said it would launch a three-month campaign to crack down on false marketing and other online irregularities in the automotive sector.
The crackdown comes after regulations were tightened in May against an extended price war that has bruised automakers, suppliers and dealers in the world’s largest auto market. Continue reading “China cracks down on false auto marketing in three-month campaign”
HONG KONG, (Reuters Breakingviews) – When two objects collide, they exert equal and opposite forces on each other. The same may be true for U.S. President Donald Trump’s increasingly conflicting goals of curbing immigration and bringing back high-tech manufacturing.
Last week’s high-profile raid at a Hyundai car battery facility in Georgia is the largest single-site enforcement in the history of the U.S. Department of Homeland Security’s investigative operations. Nearly 500 workers were arrested and detained. The incident and accompanying shocking visuals of hundreds of mostly South Korean workers shackled in chains quickly sparked a diplomatic crisis, testing already fragile bilateral relations between the two trading partners and security allies, not to mention a surge of anti-American sentiment in South Korea. Continue reading “Hyundai raid sets Trump goals against each other”
MUNICH, (Reuters) – Introducing a minimum requirement for European content in cars sold in the EU is vital for keeping the region’s auto sector competitive, Christophe Perillat, chief executive of French car parts supplier Valeo said on Wednesday.
The European Commission is in talks with carmakers and their suppliers on ways to secure the sector’s future as it navigates an expensive shift to electric vehicles, stiff competition from China and tariff uncertainty. Continue reading “Valeo CEO backs minimum EU content in cars to aid region’s competitiveness”
MILAN, (Reuters) – Carmaker Stellantis agreed on Wednesday to sell its Italian VM Motori engine making unit to a group of Italian investors who also control engine part maker Marval.
The transaction, for which no financial details were provided, is part of a wider Stellantis effort to reorganise its operations as the auto industry moves towards electrification, while contracting market demand in Europe reduces the need of traditional petrol engines. Continue reading “Stellantis sells engine making plant in Italy to group of industrial investors”
NEW YORK, (Reuters) – Auto dealer Tricolor filed for Chapter 7 bankruptcy in Texas court on Wednesday, moving to liquidate its business a day after Fifth Third Bank warned of alleged fraudulent activity at the company.
Tricolor, the third-largest used auto retailer in Texas and California, has more than $1 billion in assets and over $1 billion in liabilities, with more than 25,000 creditors, according to its bankruptcy petition. Continue reading “Auto dealer Tricolor files for bankruptcy, moves to liquidate”
Summary
SHANGHAI/MILAN, (Reuters) – When Audi executives first saw the Zeekr 001 in 2021, a long-range electric vehicle with European aesthetics, it was a wake-up call for the premium German auto brand – if it wanted to compete with the Chinese, it needed their technology. Continue reading “‘China Inside’: How Chinese EV tech is reshaping global auto design”
MUNICH, (Reuters) – Chinese luxury automaker Hongqi said on Tuesday that it would launch 15 electric and hybrid models in Europe by 2028 across 25 different markets as it also unveiled the EHS5, a compact electric SUV.
Hongqi, or Red Flag, known as former state leader Chairman Mao Zedong’s favoured car brand, already sells cars in several European markets, including Norway, the Netherlands and Poland. Continue reading “China’s luxury automaker Hongqi to launch 15 models in Europe by 2028”
MUNICH, (Reuters) – Volkswagen will invest up to a billion euros ($1.2 billion) in artificial intelligence by 2030, feeding the technology into every area of its business in a bid to unlock billions in savings, the German carmaker said on Tuesday.
The announcement was made on the first day of the IAA car show in Munich, Europe’s biggest, where European carmakers have gone on the offensive with electric model launches and technology revamps to combat Chinese competition. Continue reading “Volkswagen to invest up to a billion euros in AI by end of decade”
Summary
SAN FRANCISCO, (Reuters) – Tesla’s (TSLA.O), U.S. market share dropped to a near eight-year low in August as buyers chose electric vehicles from a growing stable of rivals over the aging lineup offered by CEO Elon Musk’s company, according to data from research firm Cox Automotive shared exclusively with Reuters. Continue reading “Exclusive: Tesla market share in US drops to lowest since 2017 as competition heats up”
WASHINGTON, (Reuters) – Ford (F.N), is recalling 1.9 million vehicles worldwide due to faulty rear-view cameras, the latest in a series of callbacks over the issue, the automaker said Tuesday.
The recall covers various 2015 through 2019 model year Lincoln MKC, Lincoln Navigator, Mustang, F-250, F-350, F-450, F-550, Expedition, Edge, Transit, Transit Connect, Econoline and Ranger vehicles because rearview cameras can display inverted, distorted, or blank images, Ford said in a filing with the National Highway Traffic Safety Administration. Continue reading “Ford recalls 1.9 million vehicles over faulty rear-view camera”
Summary
SAN FRANCISCO, (Reuters) – How can Tesla (TSLA.O), become an $8.5 trillion company? That’s the market valuation the electric vehicle maker would have to reach to justify CEO Elon Musk’s new pay package announced last week. Continue reading “Musk’s pay package: How does Tesla get to $8.5 trillion in value?”
Summary
MUNICH, (Reuters) – Whisper it quietly, but beneath the buzz of shiny new car models and bright lights at Europe’s largest car show, the industry sector is worried that their party is over. Continue reading “‘The party is over’ as European carmakers face tariffs and a price war in China”
Summary
MILAN, (Reuters) – Ferrari (RACE.MI), on Tuesday completed a refresh of its hybrid range with the new 849 Testarossa sportscar, a tribute to the famous original Testarossa model of the 1980s. Continue reading “Ferrari evokes spirit of 1980s with new 849 Testarossa hybrid”
Wheels falling off cars at speed. Suspensions collapsing on brand-new vehicles. Axles breaking under acceleration. Tens of thousands of customers told Tesla about a host of part failures on low-mileage cars. The automaker sought to blame drivers for vehicle ‘abuse,’ but Tesla documents show it had tracked the chronic ‘flaws’ and ‘failures’ for years.
Shreyansh Jain was ecstatic in March when he picked up his first electric vehicle, a brand-new 2023 Tesla Model Y. He used a sizable chunk of family savings to buy it with cash. Continue reading “Tesla blamed drivers for failures of parts it long knew were defective”
LONDON,(Reuters) – U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. But so far, China’s top EV maker, BYD, has dramatically hiked export prices compared to what it charges at home rather than undercut foreign rivals.
The goal: to rake in hefty profit margins the automaker can’t get in China amid fierce competition.
In some foreign showrooms, BYD charges more than double — sometimes nearly triple — the price it gets for three key models in China, according to a Reuters review of the automaker’s pricing in five of its biggest export markets. Continue reading “Insight: Why BYD’s EV exports sell for twice the China price”
(Reuters) – A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world’s best-selling EV, but for about $8,000 less.
The EX30 from Volvo Cars the Swedish luxury brand owned by China’s Geely (GEELY.UL) , foreshadows the fierce competitive threat U.S. automakers could face from Chinese EV manufacturers that have surged far ahead of global rivals, especially on affordability. Continue reading “How Volvo landed a cheap Chinese EV on U.S. shores in a trade war”
(Reuters) – The day before Elon Musk fired virtually all of Tesla’s electric-vehicle charging division last month, they had high hopes as charging chief Rebecca Tinucci went to meet with Musk about the network’s future, four former charging-network staffers told Reuters.
After Tinucci had cut between 15% and 20% of staffers two weeks earlier, part of much wider layoffs, they believed Musk would affirm plans for a massive charging-network expansion. Continue reading “The inside story of Elon Musk’s mass firings of Tesla Supercharger staff”
LONDON, (Reuters) – Low resale values for electric cars have pushed the leasing firms that drive Europe’s auto market to double prices over the last three years and some are threatening to quit the business altogether if regulators force them to go electric too fast, industry executives say.
The jump in prices for electric car leases comes as cuts in subsidies for new EVs in key markets such as Germany are hitting sales and risks stalling Europe’s electric transition, just when Brussels wants to step on the accelerator, the executives say. Continue reading “Leasing model behind Europe’s EV drive at risk of breakdown”
Summary
MUNICH, (Reuters) – Major automakers will showcase their latest models at Munich’s car show on Monday as Europe’s automotive sector faces crises ranging from U.S. tariff hikes to costly electrification and the expansion of Chinese automakers on their home turf.
Aside from a product blitz to counter Chinese models being pushed to European consumers, including by BYD, Changan and GAC, domestic firms will focus on lobbying to persuade the European Union to reconsider its 2035 ban on combustion-engine cars. Continue reading “European automakers confront tariffs, Chinese rivalry at Munich car show”
Summary
BEIJING, (Reuters) – China’s August sales of electric vehicles and hybrids grew at the slowest pace in one and a half years as the government continues efforts to halt punishing price wars.
EV and hybrid sales outstripped gasoline cars for the sixth straight month in August, but annual growth cooled to 7.5% from 12% in July, China Passenger Car Association (CPCA) data showed on Monday. Continue reading “China’s EV and hybrid sales growth at slowest in 18 months”
Summary
NEW YORK, (Reuters) – Tesla’s $1 trillion, 10-year pay package to retain CEO Elon Musk is likely to be approved by shareholders at the company’s annual meeting in November even though the amount is staggering. Continue reading “Tesla’s ‘Super Ambitious’ $1 trillion deal for Musk could still pass shareholder muster”
Summary
MUNICH, (Reuters) – Volkswagen was in advanced talks with the U.S. government over substantial investments in the world’s second-largest auto market, where tariffs have cost Europe’s top carmaker billions of euros so far this year. Continue reading “Volkswagen in advanced talks with US over investment deal”
TOKYO, (Reuters) – U.S. tariffs on Japanese goods including cars and auto parts are set to be lowered by September 16, Japan’s tariff negotiator Ryosei Akazawa said on Tuesday.
Citing a U.S. Federal Register document dated September 9 that formalised President Donald Trump’s executive order on the U.S.-Japan trade deal, Akazawa said in a press conference the revised tariff rates on Japanese goods will take effect within seven days from its publication. Continue reading “Japan says lower US tariffs will take effect by September 16”
Summary
MUNICH, (Reuters) – Major automakers showcased their latest models at the Munich car show on Monday, unveiling new EVs and lower-cost models as Europe’s auto sector fights crises ranging from tariff hikes to rising costs and rivalry with Chinese firms on their home turf. Continue reading “Automakers debut new EVs, affordable models at Munich car show”
Source : PTI | In an initiative aimed at modernising its fleet, the West Bengal government has launched a massive cleanup drive to scrap its nearly 22,000 vehicles that are over 15 years old, a senior official said.
The process, which is already underway, seeks to decommission the old vehicles used by various government departments, most notably police and transport, he said.
Continue reading “Bengal govt undertakes massive cleanup drive to scrap its 22,000 ‘aged’ vehicles”
Source : PTI | Auto stocks continued to remain on buyers’ radar on Monday, fuelled by hopes of demand recovery following the recent GST rate cut announcement.
Shares of Bharat Forge jumped 5.73 per cent, Ashok Leyland surged 4.85 per cent, Samvardhana Motherson International climbed 4.22 per cent, Tata Motors rallied 3.97 per cent and Bajaj Auto edged higher by 3.97 per cent on the BSE. Continue reading “Auto stocks continue to draw investors’ attention; Bharat Forge jumps nearly 6%”
Summary
WASHINGTON/TOKYO, (Reuters) – U.S. President Donald Trump signed an order on Thursday to implement lower tariffs on Japanese automobile imports and other products that were announced in July, providing some relief to Japan’s export-heavy economy.
Formalizing the deal between the U.S. and a key Asian ally comes after months of negotiations, reduces uncertainty plaguing the massive Japanese auto sector since the July announcement and confirms an agreement for $550 billion of Japanese investment in U.S. projects. Continue reading “Exclusive: Trump signs order to bring lower Japanese auto tariffs into effect”
Summary
LONDON/FRANKFURT/BERLIN, Sept 5 (Reuters) – Chinese and European carmakers are set to face off at next week’s Munich car show, reflecting intensifying competition on the continent that has pitted incumbents such as Volkswagen against EV giant BYD and newcomers GAC and Changan.
This year’s IAA Mobility, the continent’s biggest biennial car show, comes as European automakers lose ground in China – the world’s biggest market – in what some executives have described as a “Darwinian” price war. Continue reading “‘It’s Europe vs China’ as Chinese brands crowd Munich car show”
SEOUL, (Reuters) – Hyundai Motor said on Friday that it will investigate the employment practices by suppliers and their subcontractors, after hundreds of workers at a Hyundai Motor car battery facility under construction in the state of Georgia were detained in a major raid by U.S. authorities.
“We take our responsibility as a corporate citizen seriously, and incidents like this remind us of the importance of robust oversight throughout our entire supply chain and contractor network,” the South Korean automaker said in a statement. Continue reading “Hyundai Motor to investigate employment practices by suppliers, contractors”
(Reuters) – A U.S. appeals court on Friday voided a Biden administration-era rule that changed the calculation of the petroleum-equivalent fuel economy of electric vehicles, a victory for 13 Republican state attorneys general who said the rule overstated EVs’ efficiency.
The 8th U.S. Circuit Court of Appeals in St. Louis said the Department of Energy exceeded its authority by deciding to phase out during the 2027 to 2030 model years a “fuel content” factor that artificially inflated EV fuel economy, rather than eliminating that factor. Continue reading “US appeals court voids Biden-era electric vehicle fuel economy rule”
Summary
WILMINGTON, Delaware, (Reuters) – Elon Musk’s blow-out $1 trillion pay package from Tesla proves everything is bigger in Texas, especially under its new management-friendly law.
Last year, Tesla reincorporated in the Lone Star State after a judge in its former corporate home, Delaware, ruled a $56 billion compensation for the CEO was “unfathomable” and unfair to shareholders. Musk urged companies to ditch Delaware and his board worked on a new pay package. Continue reading “Musk’s Texas-sized $1 trillion payday enabled by state’s new law”
Summary
NEW YORK, (Reuters) – Tesla’s $1 trillion, 10-year pay package to retain CEO Elon Musk is likely to be approved by shareholders at the company’s annual meeting in November even though the amount is staggering.
That is because it was crafted with an eye on keeping Musk in place, addressing concerns about the company’s technical outlook and giving big company owners just enough reason to back the massive amount, investors and executive pay analysts said. Continue reading “Tesla’s ‘Super Ambitious’ $1 trillion deal for Musk could still pass shareholder muster”
Source : PTI | A Sri Lankan court here on Wednesday ordered the release of a second lot of Chinese BYD electric vehicles (EVs), held by the Customs over an alleged misrepresentation of their motor power.
The Court of Appeal’s verdict to release 506 Chinese EVs came after the official dealer, John Keells CG Auto, sought relief for the second time within a month.
Continue reading “Sri Lanka Customs to release over 500 BYD EVs after judicial intervention”
An incredible journey that began in the 1950s with a small tyre shop in Mysore. All thanks to the vision, hard work and determination of Mr. Madhusudhana Rao Bungale, the founder of Madhus Garage Equipment
Continue reading “WAF welcomes Madhus Garage Equipment as Annual Gold Partner”
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As a Customer: What to Evaluate During a Car Test Drive CarPhD
Next Sat, Top Fleet Cos, Auto Makers, Dealers in the Hall. What’s your Plan ? YPD Continue reading “WAF Auto News | The Auto World This Week (05th September 2025)”
(Reuters) – Vietnamese electric-vehicle maker VinFast on Thursday reported a wider second-quarter net loss as it stepped up spending on global expansion and marketing to spur demand and support its ambitious growth strategy.
The EV maker, however, reaffirmed its commitment to achieving breakeven by the end of 2026. Founder and CEO Pham Nhat Vuong last month pledged an additional $1.5 billion to the automaker in exchange for R&D assets to support its expansion plans. Continue reading “EV maker VinFast’s quarterly loss widens amid heavy spending on ambitious growth strategy”
