Source : PTI | China has granted licences to certain Indian companies to import rare earth magnets, the Ministry of External Affairs (MEA) said on Thursday.

China’s decision to ease restrictions on supply of rare earth minerals to India came amid efforts by the two sides to normalise the bilateral ties that came under severe strain following the over four-year military face-off along the LAC in eastern Ladakh.

Continue reading “China grants licences to Indian companies to import rare earth magnets”

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(Reuters) – The U.S. National Highway Traffic Safety Administration (NHTSA) has launched separate investigations into about 583,600 Honda vehicles over potential defects involving rear seatbelt warnings and inadvertent airbag deployments.

The regulator is examining 142,600 units of the 2023-2024 Honda Pilot SUV for a possible malfunction in the rear seatbelt warning system, which may incorrectly alert drivers about passenger seatbelt usage. Continue reading “NHTSA opens probe into 583,600 Honda vehicles over safety issues”

(Reuters) – Auto parts supplier BorgWarner topped analysts’ expectations for third-quarter profit on Thursday, aided by strong demand for its turbochargers and powertrains.

Shares of the company, which counts Ford and Volkswagen as customers, were up about 2.5% in premarket trading.

The Trump administration’s sweeping tariffs initially hurt suppliers such as BorgWarner, which employed cost-saving measures to cushion the blow, but demand for efficient turbochargers and powertrains has remained steady from automakers continuing to ramp up production. Continue reading “BorgWarner beats third-quarter profit estimates on turbo, powertrain demand”

TOKYO, (Reuters) – Nissan Motor said on Thursday it expects to book a 275 billion yen ($1.82 billion) in annual operating losses due to the impact of U.S. tariffs and warned that supply chain risks would be the biggest headwind in its fiscal second half.

The automaker expected the hit from tariffs would be 25 billion yen smaller in the second half of the fiscal year to March 2026, as Japan reached a trade deal with the U.S. that has lowered levies on Japanese cars to 15%. Continue reading “Nissan expects $1.8 bln annual operating loss, concerned about supply chain risks”

Summary

• Company reiterates H2 guidance but shares fall
• Charges expected from hybrid shift and warranty extensions
• Semiconductor crunch looms for industry
• Revenues up 13% in Q3, first growth in 7 quarters

MILAN, (Reuters) – Automaker Stellantis warned about upcoming charges on Thursday related to changes in regulation, its strategy and product plans, stirring investor concerns about its outlook and knocking the Jeep maker’s shares down by as much as 6.5%.

The Franco-Italian company reported a 13% rise in third-quarter revenue, its first top-line growth after seven quarters, and reiterated its forecasts for higher revenue, improving cash flow and low-single digit margins in the second half. Continue reading “Jeep maker Stellantis disappoints investors as charges, supply risks cloud outlook”

Summary

• Toyota to launch 15 new and refreshed models in India by 2030
• New model line-up to include 2 SUVs and a pickup truck, source says
• Deepening its rural network is a key part of Toyota’s strategy
• Toyota has said it plans to invest $3 billion to expand India production

TOKYO, (Reuters) – Toyota plans to launch 15 new and refreshed models in India by the end of the decade while deepening its rural network, sources said, as record profits in the country make the market increasingly important.

Battered by stiff local competition in China, several global automakers have set their sights on India as a market worthy of heavy investment, especially given surging economic growth that has averaged 8% over the past three fiscal years. Continue reading “Exclusive: Toyota steps up India expansion with new SUVs, rural push as profit surges”

Summary

• Tariff hit at up to 5 billion euros in 2025
• Q3 operating loss 1.3 billion euros
• Shares down 1%
• Porsche’s strategy reversal adds 4.7 billion euros in charges
• Volkswagen maintains guidance despite chip supply concerns

BERLIN, (Reuters) – An expensive course correction at subsidiary Porsche dealt Volkswagen a hefty blow in the third quarter, resulting in a 1.3-billion-euro ($1.5 billion) operating loss and piling billions more in costs on top of pressure from U.S. tariffs.

Volkswagen booked 4.7 billion euros in charges due to Porsche’s strategy reversal on electric vehicles announced in September, while U.S. import tariffs and subsequent lower sales were expected to cost Europe’s biggest carmaker up to 5 billion euros this year, the company said on Thursday. Continue reading “Volkswagen skids into the red on $5.8 billion US tariff hit, Porsche woes”

Summary

• Japanese automakers consider reverse imports to ease US trade tensions
• Reverse imports seen as symbolic, not economically impactful
• Government help needed to harmonize safety standards for imports

TOKYO, (Reuters) – Japanese automakers are considering importing some of their U.S.-built cars to Japan – a costly and impractical move that comes as Tokyo tries to placate President Donald Trump over its vast trade surplus with the United States.

Uneven trade with Japan has long been a sore point for Trump, and new Prime Minister Sanae Takaichi’s government has been hashing out plans to buy some Ford F-150s – oversized pickups so impractical for narrow Japanese roads that they may end up just being used as snowplows, Reuters has reported. Continue reading “Trump trade: Japanese automakers may import some of their own US-built cars”

Source : PTI | Japanese auto major Honda considers India a key market for its future growth alongside the US and Japan, according to Honda Cars India President and CEOTakashi Nakajima.

The Tokyo-headquartered automaker, which operates in India through a wholly owned subsidiary, plans to drive in more SUVs in the country, as the segment continues to see robust sales across varied price points. Continue reading “India key market for future growth, along with US, Japan: Honda”

Ford is recalling nearly 175,000 vehicles in the U.S. as their moonroof wind deflectors could detach, the U.S. National Highway Traffic Safety Administration said on Wednesday.

The recall covers Ford Expedition and Lincoln Navigator SUVs, and F-series pickup trucks, NHTSA said. Continue reading “Ford recalls nearly 175,000 vehicles in US for moonroof defect, NHTSA says”

Summary

• Sales of top-end models rose 10% in third quarter
• ‘Hyper-competition’ in China is not going away, CEO says
• Redundancy payouts hit operating profit
• Company continues share buyback
• Shares hit seven-month high

BERLIN/FRANKFURT, (Reuters) – German carmaker Mercedes-Benz on Wednesday reported stronger than expected margins at its core autos business as improved sales of premium models helped to offset one-off charges related to job cuts as well as declining sales in China.

Like rivals including Porsche and BMW, Mercedes faces particular challenges in the Chinese premium and luxury market, where a price war driven by local carmakers is hitting demand, while U.S. import tariffs also weigh. Continue reading “Mercedes beats auto margin estimates thanks to premium sales”

Summary

• Opposition from unions, Democratic leaders against Musk’s pay package
• Pension plan in Republican-led Florida supports Musk payout
• Tesla retail investors could be a factor

(Reuters) – Tesla critics hope to block the stratospheric compensation proposed for CEO Elon Musk but face an uphill fight.

Investors in the electric vehicle maker will decide on November 6 whether to approve the pay package that is potentially worth $1 trillion – likely the largest-ever CEO compensation agreement. Tesla’s board is pushing for shareholders to approve the plan, with Chair Robyn Denholm warning on Monday that Musk could leave if the deal is rejected. Continue reading “Elon Musk’s $1 trillion pay deal draws ire of labor unions, others as shareholder vote nears”

Summary

• Beijing omits NEVs from strategic industries in 5-year plan
• Inclusion in previous plans saw billions of subsidies pour into sector
• China’s EV industry now world leading, seen as mature – analysts
• China EV exports surging
• Market to play a bigger role in deciding who survives

SHANGHAI/BEIJING, (Reuters) – China has sent a clear signal that it is willing to pull the plug on subsidies for its electric vehicle industry after years of big-ticket government support fuelled a boom that has left the world’s second-largest economy saddled with vast oversupply, prompting it to push into global car markets.

Top policymakers omitted electric vehicles from their list of strategic industries in their recent five-year development plan for 2026-2030, the industry’s first exclusion in more than a decade. Continue reading “China signals it will pull plug on subsidies for EVs with five-year plan exclusion”

Summary

• To drop to one shift from two at Detroit EV plant in January
• GM’s latest EV cuts come amid slowing demand
• UAW blasts GM decision to cut workers

DETROIT, (Reuters) – General Motors said on Wednesday it will cut U.S. electric vehicle and battery production and 1,200 factory jobs at its EV plant in Detroit along with 550 jobs at an Ohio battery plant as the automaker responds to a significant slowdown in demand for its battery cars.

The Detroit automaker said it will halt battery cell production at its two U.S. joint-venture battery plants – in Tennessee and Ohio – in January for about six months. It added it will also temporarily lay off about 1,550 workers at the battery factories. Continue reading “GM to cut EV, battery production and 1,200 jobs at Detroit plant”

Summary

• Nissan and Mercedes-Benz face uncertain chip supplies
• China bans Nexperia exports after Dutch government seizes control
• Automakers consider production stoppages, alternative parts amid shortages

TOKYO/BERLIN, (Reuters) – Global automakers are scrambling to find chips and checking with suppliers to see if they have enough stockpiled, as a deepening semiconductor supply crunch related to Dutch firm Nexperia threatens car production across the industry.

Beijing banned exports of Nexperia’s products from China after the Dutch government seized control of the chipmaker last month, citing concerns about the transfer of technology to its Chinese parent, Wingtech, which has been flagged by the U.S. as a possible national security risk. Continue reading “Automakers hunt high and low for chips as supply crisis worsens”

Summary

• BYD will debut new made-for-Japan ‘kei’ EV at mobility show
• Pint-sized kei cars are popular with cost-conscious drivers
• Government officials watching challenge with concern, sources say
• Japan will not resort to protectionism, government officials say

TOKYO, (Reuters) – BYD’s Japanese mini-car will not go on sale until the end of next year, but it has already created buzz – at least among officials in Tokyo worried about the challenge from China’s biggest automaker. Continue reading “BYD’s mini-car ambitions may be a wake-up call for Japan”

(Reuters) – Stellantis said on Tuesday it has partnered with Nvidia, Uber and Foxconn to explore the joint development of autonomous vehicles, aiming to tap into the booming demand for self-driving cars.

The collaboration seeks to integrate Nvidia’s autonomous driving software and AI computing, Uber’s ride-hailing operations and Foxconn’s electronics with Stellantis’ manufacturing capability to deploy robotaxis with level 4 autonomy. Continue reading “Stellantis ties up with Nvidia, Uber to advance robotaxi development”

Summary

• ‘New Energy Vehicles’ were included in three previous plans
• Sector now gripped by overcapacity, excessive competition
• Quantum, bio-manufacturing, hydrogen energy named priorities

BEIJING, (Reuters) – China has omitted electric vehicles from its list of strategic industries in its five-year development plan for 2026-2030, marking their first exclusion in more than a decade, as the sector grapples with oversupply challenges.

New energy vehicles (NEVs)— a category comprising EVs, plug-in hybrids, and fuel cell vehicles — were included as strategic emerging industries in the previous three five-year plans, aimed at sharpening industrial competitiveness. Continue reading “China excludes EVs in latest five-year plan as industry grapples with oversupply”

Summary

• Japan plans to buy F-150 trucks to ease trade tensions with Trump
• Japanese streets unsuitable for large U.S. pickups, industry veteran says
• Toyota previously sold GM cars in Japan under pressure, with limited success

TOKYO, (Reuters) – Long associated with American ruggedness, pickup trucks such as Ford’s top-selling F-150 have now become a symbol of international trade talks, showing how far countries such as Japan will go to win over U.S. President Donald Trump. Continue reading “Trump’s ‘hot truck’ becomes symbol of Japan trade talks”

Summary

• Mid-size EV to feature Level 4 autonomy
• EV to compete with Tesla Model Y, Rivian R2
• Vehicle set to use multiple sensors such as cameras, radar and lidar

(Reuters) – Lucid Group said on Tuesday it plans to launch a mid-size Level 4 self-driving electric vehicle using computer systems from Nvidia, marking a step toward cars that can operate without driver input in most conditions.

Automakers are developing AI-based self-driving technology with a focus on improving safety and reducing the need for human control or monitoring in most conditions. Lucid’s upcoming car will require minimal human intervention, making it one of the closest to fully automated Level 5 technology. Continue reading “Lucid to launch self-driving mid-size EV with Nvidia chips”

TOKYO, (Reuters) – Japan’s Toyota Motor did not explicitly promise a new $10 billion investment in the United States, a senior executive said on Wednesday, a day after President Donald Trump mentioned a potential investment of that size.

Speaking during his visit to Japan on Tuesday evening, Trump said the world’s largest automaker would be looking to invest around $10 billion in the United States. Continue reading “Toyota says it did not explicitly promise Trump new $10 billion investment in US”

Summary

• Study links sales drop to Musk’s political actions and donations
• Democratic buyers shift to competitors’ electric vehicles
• Musk’s actions impact California’s zero-emissions vehicle goals

(Reuters) – Tesla CEO Elon Musk’s polarizing political actions since acquiring Twitter, later rebranded X, in 2022 dramatically hurt the automaker’s U.S. sales, underscoring how deeply its fortunes are intertwined with the billionaire’s persona.

The findings quantify for the first time how the political actions of the world’s wealthiest person – including his role in U.S. President Donald Trump’s administration – may have cost Tesla billions in lost vehicle sales while benefiting rival electric carmakers. Continue reading “Tesla CEO Musk’s partisan politics cost automaker over 1 million EV sales, report shows”

Source : PTI | Kolkata, Crisil Ratings said post the rationalisation of GST on commercial vehicles, acquisition of new fleet by the operators would decline substantially.

It said in a statement on Monday that GST on commercial vehicles has been reduced to 18 per cent from 28 per cent.

Continue reading “Acquisition cost of fleet operators to decline after GST reduction: Crisil Ratings”

Fans, fasten your seatbelts – the legend is back! The Duster returns to reignite the frenzy and fuel the passion of SUV lovers across India.

New Delhi; October 28, 2025: Renault India, a wholly owned subsidiary of the French carmaker Renault Group, today officially announced that its much-awaited new SUV will proudly carry forward the legacy of the iconic nameplate – Duster. Continue reading “Renault announces the return of the iconic Duster—this Republic Day”

(Reuters) – The National Highway Traffic Safety Administration is expanding its probe into 286,000 General Motors vehicles in the U.S. over a possible engine failure issue, the safety regulator said on Monday, following several complaints, despite a recall.

The NHTSA said the issue stems from engine bearing failures in GM’s L87 6.2-litre engine installed in models such as the Chevrolet Silverado 1500 and Cadillac Escalade. Continue reading “NHTSA to expand probe into 286,000 GM vehicles over possible engine failure issue”

(Reuters) – Elon Musk could leave Tesla as CEO if his proposed $1 trillion pay package was not approved, Chair Robyn Denholm warned in a letter to shareholders on Monday.

The appeal comes ahead of the November 6 annual meeting, with Tesla’s board having faced repeated criticism for not acting in shareholders’ best interests and governance experts and advocacy groups questioning its independence and oversight of Musk’s influence. Continue reading “Musk could leave Tesla if $1 trillion pay plan is rejected, chair warns”

TOKYO, (Reuters) – Toyota Motor on Monday said its worldwide production increased by more than 10% in September and rose for a fourth straight month, as both sales and output increased in the U.S., the Japanese automaker’s top market.

Toyota’s global output for September grew 11% from a year earlier to 918,146 vehicles. Production for the month in the U.S. rose 29% due to robust demand for hybrids and a recovery from last year’s production suspension of two models. Continue reading “Toyota September output grows for fourth straight month, aided by strong US demand”

At SAMIL Diwali Auction 2025 ₹100+ Crore transactions sealed at 135 plus live auctions conducted across India

Over 11,000 pre-owned vehicles and equipment showcased

New Delhi, October 27, 2025: Shriram Automall India Limited (SAMIL)—India’s Largest platform for pre-owned vehicles and equipment generated business worth Rs 100 crore plus by conducting physical and online auctions of pre- owned vehicles and equipment at 135+ Automalls nationwide. Continue reading “Shriram Automall India Limited (SAMIL) generates business worth me than Rs 100 crore on pre-owned vehicles despite price cut under new GST rates on new vehicles”

TOKYO, (Reuters) – Toyota Motor may announce plans next week to import vehicles manufactured in the United States to Japan during U.S. President Trump’s three-day visit to the country starting on Monday, public broadcaster NHK said on Saturday.

Toyota Chairman Akio Toyoda is expected to unveil the plan during a scheduled meeting between Trump and top Japanese business leaders, the report said without citing sources. Continue reading “Toyota may announce US-made vehicle imports to Japan, NHK says”

(Reuters) – The U.S. National Highway Traffic Safety Administration on Saturday said it has opened a probe into about 232,209 Chrysler 2020 model year Jeep Gladiator and Wrangler vehicles sold in the U.S. over concerns that a malfunction of the instrument panel cluster (IPC) could result in loss of vehicle information.

The regulator said it received 89 complaints alleging a complete or partial loss of the IPC display while driving. Continue reading “US opens probe into more than 232,000 Chrysler vehicles over instrument panel issue”

FRANKFURT, (Reuters) – Volkswagen Group , which owns Audi and Porsche, has secured a sufficient supply of chips for now, its CEO told a German weekly, as a Chinese export ban on finished products by semiconductor maker Nexperia has European carmakers scrambling for supplies.

“The current chip crisis shows how fragile our world is. Unlike the last semiconductor crisis, this one involves very simple chips that are used across industries and especially in cars,” Oliver Blume told Bild am Sonntag. Continue reading “Volkswagen is ok on chip supply for now, CEO tells Bild am Sonntag”

MILAN, (Reuters) – Ferrari is tapping into crypto markets and tech-rich youngsters with a planned new digital token that its wealthiest fans will be able to use in an auction for a Ferrari 499P, the endurance car that won three straight Le Mans titles.

The plan for now is limited in scope and is an effort by the Italian sports car maker to tap into a trend among luxury brands seeking access to the growing wealth of younger tech entrepreneurs, as AI and data centres drive investment and markets around the world. Continue reading “Ferrari aims at AI generation with crypto auction for Le Mans car”

Source : PTI | JSW Energy looks to operationalise its battery assembly plant in Pune, Maharashtra, in the third quarter of this financial year, a company official said.

In an investor call, the company’s Joint Managing Director and CEO, Sharad Mahendra, also said that trial runs for green hydrogen project having a capacity of 3,800 tonnes per annum (TPA) at Vijayanagar are near complete and its commissioning is expected soon. Continue reading “JSW Energy looks to operationalise 5 GWh battery assembly unit in Pune in 3rd quarter”

Source : PTI |Jammu, The zonal regulation system for electric three-wheeler – rickshaws, autos and carts – came into effect in Jammu district on Thursday, even as operators and commuters expressed strong resentment over the move, calling it “impractical” and “anti-people.”

Traffic Police Jammu issued a public notice informing citizens and vehicle operators that the operation and regulation of e-rickshaws, autos and carts shall be in accordance with the colour-coded zonal scheme. Continue reading “Jammu: Electric three-wheeler operations begin under zonal system; commuters, operators decry move”

Source : PTI | A Sri Lankan court on Friday ordered the island nation’s customs department to expedite an engine capacity probe on Chinese BYD electric vehicles (EV).

The case is based on the allegation that a lower motor power has been declared for the cars — from the actual 150 kW to 100 kW — to pay a lower customs tariff. Continue reading “Court directs Sri Lanka Customs to expedite Chinese BYD EV probe”

Summary

• Nexperia stand-off risks chip shortages
• Supplier Bosch preparing furlough option
• VW says production secure for next week
• Industry calls for political solution

BERLIN, (Reuters) – German auto parts supplier Bosch is preparing to furlough staff at its Salzgitter plant if a trade dispute between China and the Netherlands over Dutch chipmaker Nexperia is not resolved soon, amid mounting concerns in Europe’s beleaguered car industry.

Bosch (ROBG.UL) and other suppliers are scrambling for alternatives after China banned exports of Nexperia’s finished products in response to the Netherlands seizing control of the company, whose Chinese owner Wingtech has been flagged by the U.S. as a possible national security risk. Continue reading “Bosch warns production at risk as Nexperia dispute hits auto suppliers”

TORONTO, (Reuters) – Canadian Prime Minister Mark Carney on Friday said his country is prepared to pick up trade negotiations with the United States when Washington is ready, adding that Canada cannot control trade policy with its neighbor to the south.

U.S. President Donald Trump on Thursday night said trade talks with Canada were over after an Ontario political ad cited Republican icon Ronald Reagan saying tariffs cause trade wars and economic disaster. Continue reading “Canada ready to pick up trade negotiations with US, Carney says”