MILAN, (Reuters) – Fiat will start sales of its Grizzly mid-sized SUV and Grizzly Fastback model in ​the second half of this year in ‌Europe, the Middle East and Africa, with plans to expand to other regions, the Stellantis -owned brand said on ​Wednesday.

As part of its new business plan to ​2030, Stellantis is aiming for more than 60 ⁠new vehicle launches and 50 significant refreshes, ​across all brands, to help claw back the ​market share the automaker has lost in several regions, including in North America and Europe, its largest ones. Continue reading “Fiat to start sales of Grizzly SUV and Grizzly Fastback in second half of the year”

Summary

• Tata-Chery deal shows India’s depedence on Chinese tech
• Deal to speed up launch of Tata’s Avinya EVs – sources
• Plans for two models, with first launch in 2027 – sourcesWithout Chery platform, Tata risks losing EV lead – source
• Chery says Tata deal builds on success with JLR

NEW DELHI, (Reuters) – Tata Motors will use an ​automaking platform from Chery to locally build electric cars under its premium Avinya brand, underscoring the dependence on Chinese technology after its original plan ‌with Jaguar Land Rover was shelved.

Reuters first reported that Tata will use Chery’s platform to launch its Avinya EV, as India’s biggest electric carmaker seeks to get its long-delayed programme back on track and maintain its pole position. Continue reading “Exclusive: India’s Tata taps Chery for premium EV push, leveraging Chinese tech”

Summary

• SpaceX secures tax incentives for Terafab chip plant despite strong local opposition
• Residents voice concerns over resource strain, environmental impact and lack of project details
• Musk says proposed Texas fab would lift Grimes County tax revenue by around 25%
• Supporters cite job creation, investment and U.S. tech competitiveness against China

ANDERSON, Texas/NEW YORK,  (Reuters) – SpaceX secured tax incentives on Wednesday for its proposed Terafab chip manufacturing ​project in Grimes County, Texas, despite fierce opposition from residents who warned the development could strain local resources and disrupt the rural community.

The project is central to SpaceX’s efforts to expand ‌beyond rockets and satellite communications into advanced computing infrastructure and domestic chip production — ambitions that investors view as a key pillar of the company’s future growth. Continue reading “SpaceX wins Texas tax breaks for chip project, ahead of record IPO”

WASHINGTON, (Reuters) – The increasing need for memory chips to power artificial intelligence data centers could lead to ​dramatic price hikes in U.S. consumer goods and disrupt supply chains, groups representing automakers, ‌retailers, electronic firms and others said on Wednesday.

The groups said in a letter to the U.S. Treasury and Commerce departments that “an urgent imbalance in the market for memory chips could lead to significant and sustained near-term price increases ​for American households and disrupt critical U.S. supply chains.” Continue reading “Automakers, retailers warn US memory-chip shortage is impacting prices”

BRUSSELS, (Reuters) – European automotive, construction, metals, chemicals and transport sectors could lose ​up to 1.3 million jobs ‌this year as a result of a surge in energy prices caused by the U.S.-Iran ​conflict, Labour Commissioner Roxana Minzatu ​said on Wednesday. “Due to the war ⁠in the Middle East, up ​to 1.3 million jobs are at risk ​and we are talking about jobs in energy-intensive industry, particularly,” Minzatu told a news ​conference.

• The EU automotive sector could face ​the biggest layoffs of up to 600,000, the ‌European ⁠Commission estimated.
• Construction, metals, chemicals, transport could lose 56,000 jobs.
• Some 85,000 jobs in battery projects could be at risk ​and 58,852 ​jobs ⁠in solar manufacturing.
• Another 4,500 jobs could go in the ​steel sector because of low-carbon ​measures.
• Low-income ⁠households could spend an additional 1.4% of income on transport fuel.
• The EU ⁠manufacturing ​sector employs around 30 ​million people, while services provide almost 87 million ​jobs.

Continue reading “EU could lose 1.3 million jobs due to energy price surge linked to Iran war, Commission says”

SAN FRANCISCO, (Reuters) – Uber has committed close to half a billion dollars in self-driving startup Nuro, two sources directly aware of the matter told Reuters, detailing the extent of a major investment ​by the ride-hailing company in developing commercial robotaxis.

After years of false starts, the robotaxi ‌industry is re-accelerating development, testing and early commercial deployment, led by companies including Tesla, Alphabet’s (GOOGL.O) Waymo and Amazon’s Zoox. Continue reading “Exclusive: Uber’s commitment to self-driving startup Nuro is close to $500 mln, sources say”

Summary

• To build new electric, hybrid Peugeots in Mulhouse from 2029
• Cars will be made on new platform being rolled out across group
• Aiming for ​2 million new cars on STLA One platform by 2035 – ‌CEO

MULHOUSE, France, (Reuters) – Stellantis will produce three new electric and hybrid Peugeot models at ​its Mulhouse factory in eastern France from 2029, the automaker ​said on Tuesday, as part of a revamped global that ⁠includes a major new product push.

The launches will be backed by ​a €400 million ($466 million) investment in the Mulhouse plant, alongside a further €500 million ​for research and development. Most of the R&D spending will go into the new STLA One platform, which is designed to underpin a new range of electrified ​vehicles. Continue reading “Stellantis deepens France investment with new Peugeot EV production”

Source : PTI | RSB Transmissions, a Bain Capital-backed automotive components platform, on Monday announced it has completed the acquisition of Setco Auto Systems, a supplier of clutch systems and aftermarket drivetrain solutions for medium and heavy commercial vehicles.

Setco Auto Systems Private Limited was a subsidiary of Setco Automotive Limited (SAL).

The acquisition marks a significant step in RSB’s strategy to scale its presence in the automotive components sector and build a systems-led, multi-product platform with leadership across the original equipment manufacturer (OEM) and aftermarket segments, the company stated. Continue reading “RSB Transmissions acquires clutch systems supplier Setco Auto Systems”

Source : PTI | Crude oil prices fell marginally to ₹8,697 per barrel in futures trade on Tuesday, tracking losses in global benchmarks even as investors remained cautious over the fluid geopolitical situation involving the US and Iran.

On the Multi Commodity Exchange (MCX), the most-traded June contract slipped by ₹39, or 0.45 per cent, to ₹8,697 per barrel in a business turnover of 9,045 lots. Continue reading “Crude oil futures slip amid uncertainty over US-Iran ceasefire talks”

Maruti Suzuki Production volume: May 2026 Continue reading “Maruti Suzuki Production volume: May 2026”

Anthropic said on Monday it has confidentially filed for ​a U.S. initial public offering, as ‌the Claude chatbot maker races with arch rival OpenAI to go public in what would ​be one of the biggest IPOs ​of all time.

The move comes ahead of SpaceX’s ⁠mega IPO, which is set to ​rewrite the record books as the Elon ​Musk-led company pursues a $1.75 trillion valuation. Continue reading “From Saudi Aramco to Alibaba: World’s biggest IPOs”

Summary

• Jury convicts Left of securities fraud, acquits on four counts, sentencing set for August 31
• Prosecutors allege Left manipulated markets via media, profiting from misleading stock calls
• Legal experts had questioned DOJ’s aggressive case, citing First Amendment and investor rights

(Reuters) – A U.S. jury found prominent investor Andrew Left guilty of securities fraud ‌on Monday, the Justice Department said, in a blow to a divisive cohort of short sellers who have for years goaded public companies in the U.S. and overseas with allegations of fraud and mismanagement.

U.S. authorities charged Left in July 2024, alleging he had manipulated the stock market and defrauded investors with misleading claims about his positions ​in multiple companies’ shares, including Nvidia and Tesla making at least $20 million in the process. Continue reading “US jury finds investor Andrew Left guilty of securities fraud”

BENGALURU, (Reuters) – India’s top carmakers reported higher sales ​in May, with market leader Maruti Suzuki saying bookings ‌for its compressed natural gas vehicles jumped 40% after fuel prices rose due to the energy shock from the Iran war.

India raised petrol and ​diesel prices at least four times during May to ​offset losses from soaring crude oil costs linked ⁠to the Iran conflict, adding to automakers’ woes as they ​also grapple with higher raw material costs, supply-chain disruptions and labour ​issues. Continue reading “Indian automakers’ sales rise in May despite rising fuel prices”

(Reuters) – New registrations of Tesla cars rose across several ​European markets in May, continuing a recovery in the U.S. electric vehicle maker’s European sales.

Tesla registrations, ‌a proxy for sales, increased year over year by 655% to 5,446 vehicles in France and 29% in Norway, to 3,345 vehicles, figures from Norwegian compiler OFV and French car body PFA showed on Monday. Continue reading “Tesla May registrations jump in several European markets as recovery continues”

Source : PTI | India is likely to bring a mandate on blending isobutanol with diesel as early as this year to improve energy security in the country and decarbonise the road and highways sector, Ministry of Roads, Transport and Highways (MoRTH) Secretary V Umashankar said on Friday.

Addressing the ‘CII Multimodal Transportation and Logistics Summit’, Umashankar further said that the highways ministry may bring a draft notification on truck-trailers interchangeability soon to build an ecosystem that needs battery-swapping and battery charging for electric heavy duty commercial vehicles. Continue reading “Diesel-isobutanol blending mandate likely this year, says transport secretary”

Source : PTI | Deputy Chief Minister Chowna Mein on Friday described the Arunachal Pradesh State Transport Services (APSTS) as a lifeline of the state that has played a crucial role in connecting remote communities and driving socio-economic development over the past five decades.

Addressing the inaugural function of the three-day APSTS Golden Jubilee celebrations at Khonsa in Tirap district, Mein said the growth of APSTS from a modest beginning with just two buses in 1975 to a major public transport institution today mirrors the development journey of the state itself. Continue reading “Arunachal Pradesh State Transport Services backbone of connectivity: Deputy CM Mein”

Tesla says its Full Self-Driving software is up to 10 times safer than human drivers. But the figures the company uses to support its claims don’t withstand scrutiny – and staffers who trained the technology say it isn’t close to safely delivering autonomous vehicles at scale.

Continue reading “Why Tesla’s AI trainers don’t trust its self-driving tech – or its safety stats”

Summary

• USTR seeks 50% US content in North American-built cars and trucks under USMCA
• US autos demands more onerous than current trade deal, no Canada-specific provision
• “Not even a hint” of US threat to quit USMCA, Mexican official says

WASHINGTON/MEXICO CITY, (Reuters) – The Trump administration issued a sweeping demand to Mexico to raise the level of regional content in North American-built cars and trucks to 82% ‌to qualify for preferential trade deal access, with 50% of that value produced in the United States, four people familiar with the U.S. negotiating stance said on Friday.

The proposed new thresholds were revealed to automakers during two days of bilateral talks to revise the U.S.-Mexico-Canada Agreement on trade that concluded on Friday. Canada was excluded from the negotiations in Mexico City. Continue reading “Trump administration wants to raise North American auto content to 82%, with half from US”

Summary

• BYD’s May global sales up 0.3% year-on-year, production up 8.8%
• Overseas sales continue robust growth
• Challenges in home market remain

BEIJING, (Reuters) – Chinese electric vehicle giant BYD snapped its longest streak of declining ​sales in May, despite weakening domestic demand and intensifying competition continuing to weigh on ‌performance.

Vehicle sales globally grew 0.3% from a year earlier to 383,453 units last month, according to Reuters calculations based on a stock filing on Monday, following eight months of sales contraction. Continue reading “BYD snaps longest streak of sales declines”

DETROIT, (Reuters) – United Auto Workers President Shawn Fain on Sunday called ​for a strike at a Michigan factory that ‌makes axles for General Motors pickup trucks, some of its most profitable vehicles.

The Detroit union said late on Sunday that workers ​at the plant in Three Rivers, Michigan, owned ​by Dauch Corp would walk off the job ⁠at midnight (0400 GMT). Continue reading “UAW calls for a midnight strike at GM pickup truck axle supplier”

Summary

• Tesla accepts Syrah is producing conforming AAM samples
• Syrah shares on course for best day since October 2023

(Reuters) – Australia’s Syrah Resources (SYR.AX), opens new tab said on Monday Tesla has ‌withdrawn a notice of intent to end their graphite supply deal over an alleged quality default, accepting the miner is now producing conforming samples.

Under its 2021 contract with Elon Musk-led Tesla, ​Syrah aimed to supply 8,000 metric tons of graphite anode materials ​over a four-year period from its Vidalia plant in Louisiana. Continue reading “Tesla drops threat to scrap graphite supply deal with Australia’s Syrah”

Source : PTI | Domestic commercial vehicle industry is showing “amazing” resilience despite the challenges emanating from the West Asia war that has led to fuel price hikes, Ashok Leyland Managing Director & CEO Shenu Agarwal said on Thursday.

The boost from the GST rate cut and replacement of ageing fleets continue to drive demand momentum, but it remains to be seen how the situation unfolds “as the decisions on this war are taken”, he told reporters during an earnings call. Continue reading “CV industry showing resilience, not much impact of fuel price hike on demand: Ashok Leyland MD”

Summary

• USTR seeks 50% US content in North American-built cars and trucks under USMCA
• US autos demands more onerous than current trade deal, no Canada-specific provision
• “Not even a hint” of US threat to quit USMCA, Mexican official says

WASHINGTON/MEXICO CITY, (Reuters) – The Trump administration issued a sweeping demand to Mexico to raise the level of regional content in North American-built cars and trucks to 82% ‌to qualify for preferential trade deal access, with 50% of that value produced in the United States, four people familiar with the U.S. negotiating stance said on Friday.

The proposed new thresholds were revealed to automakers during two days of bilateral talks to revise the U.S.-Mexico-Canada Agreement on trade that concluded on Friday. Canada was excluded from the negotiations in Mexico City. Continue reading “Trump administration wants to raise North American auto content to 82%, with half from US”

(Reuters) – Cheniere Energy Partners said on Thursday it signed a contract with Bechtel Corp for engineering, ​procurement and construction of the first phase of its Sabine Pass ‌LNG expansion project in Cameron Parish, Louisiana.

Here are more details: Continue reading “Cheniere signs $4.69 billion deal with Bechtel to expand LNG export capacity”

Summary

• Mexico, US open detailed negotiations to revise USMCA
• USTR wants minimum US content in Mexican-built vehicles, sources say
• US eyes preferential treatment for North American ‘melted and poured’ steel

MEXICO CITY, (Reuters) – U.S. and Mexican negotiators began formal talks to revamp the North American trade deal on ​Thursday, with Washington demanding stricter regional rules of origin, including a U.S.-specific minimum level of content for cars and trucks built in Mexico.

The new standard is contained ‌in proposed texts to modify the U.S.-Mexico-Canada Agreement, two people familiar with the U.S. negotiating position told Reuters. Continue reading “US, Mexico launch formal trade talks, haggle over automotive content rules”

Summary

• Samsung begins shipping its latest HBM samples to global customers
• New chip delivers more than 20% higher-speed performance than previous-generation HBM4 products
• Shares rise on HBM4E rollout, optimism over foundry opportunities tied to Anthropic partnership

SEOUL, (Reuters) – Samsung Electronics on Friday ​said it started shipping samples of its latest high-bandwidth memory (HBM) chip to customers, pulling ahead of rivals in distributing ‌a new version of the product critical to AI data centers and sending its shares higher.

The South Korean tech company said the new chip, the 12-layer HBM4E, is more than 20% faster than its previous-generation HBM4 products. Continue reading “Samsung Electronics ships faster HBM4E chip samples to customers; shares jump”

Source : PTI | Gulf Oil Lubricants India is steadily building a scalable EV ecosystem amid rising adoption of electric vehicles and demand for charging infrastructure in the domestic market.

This comes as EV penetration in the two-wheeler segment is nearing 7 per cent, the company said on Thursday.

According to the company, its EV subsidiary Tirex revenue crossed ₹100-crore mark during the previous fiscal. Continue reading “Gulf Oil expands EV play as Tirex crosses ₹100 crore revenue mark”

Source : PTI | State-run oil marketing companies (OMCs) posted a combined net profit of ₹77,821 crore in FY 2025-26, but the earnings reflect a return to normal profitability rather than a crisis-driven windfall, according to government and industry data reviewed amid criticism over fuel price hikes following the West Asia conflict.

The profit pool, spread across Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited, amounts to a net margin of roughly 3-4 per cent on combined turnover estimated near ₹20 lakh crore, broadly in line with global commodity refining benchmarks. Continue reading “OMC profits hit ₹77,821 crore in FY26; govt says gains reflect normal margins, not windfall”

Source : PTI | President Droupadi Murmu on Wednesday flagged off buses exclusively for women in Gangtok.

The ‘Pink City Runner – Aama Didi Bahini Bus Sewa’ was launched at Ridge Park in the presence of Governor Om Prakash Mathur and Chief Minister Prem Singh Tamang.

Continue reading “President Murmu flags off exclusive bus service for women in Gangtok”

Source : PTI | Chief Minister Nayab Singh Saini on Thursday inaugurated an electric bus depot in Panipat and flagged off 80 electric city buses.

On this occasion, Saini said that a new era of clean, modern and environment-friendly transport has begun in Haryana from the historic and sacred land of Panipat. Continue reading “Haryana CM inaugurates electric bus depot in Panipat, flags off 80 electric buses”

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New Delhi, 27 May 2026: Maruti Suzuki India Limited’s (Maruti Suzuki) service network has set a new benchmark of attending over 2.84* crore vehicles in a single financial year. This is the highest-ever service load managed in the Company’s history.

The milestone has been enabled by Maruti Suzuki’s expansive service network of 5,926 service touchpoints across India, supported by trained manpower, robust processes, and technology-enabled service operations. Continue reading “Maruti Suzuki’s after-sales network creates a new record of attending over 2.84 crore vehicles”

• Starting at just ₹ 4.69 lakh, Tiago redefines the hatchback segment with a decisive leap in design, technology and value
• Starting from ₹ 6.99 lakh (full ownership) and BaaS pricing of ₹ 4.69 lakh + Battery EMI of ₹ 2.6 / km, Tiago.ev makes EVs truly accessible with smart economics, everyday practicality, faster charging and a Lifetime HV Battery Warranty

New Delhi, 28 May 2026: Built on a decade of legacy and trust of over 700,000 customers, Tata Motors Passenger Vehicles (TMPV), today launched the Next Gen Tiago, holistically reimagining what the hatchback can offer, elevating customer expectations from the segment. Available across Petrol, iCNG, and Electric powertrains and priced from just ₹ 4.69 lakh for the ICE version and ₹ 6.99 lakh (full ownership) for the electric version, the new Tiago brings together aspiration, practicality and advanced technology, delivering two distinct ownership experiences anchored in a common design philosophy and a shared promise of value. Continue reading “Tata Motors Passenger Vehicles Sets New Benchmark for Hatchbacks with Next Gen Tiago & Tiago.ev”

(Reuters) – The U.S. National Highway Traffic Safety Administration said on Thursday ​it has opened a preliminary probe into 114,922 ‌Rivian vehicles over an issue with the rear toe link.

The issue relates to the company’s R1S and R1T electric vehicles.

The ​agency’s office of defects investigation received two vehicle ​owner questionnaires reporting that the left rear toe ⁠link separates while driving, causing vehicles to swerve ​across multiple lanes of traffic, NHTSA said. Continue reading “US auto safety regulator opens probe into nearly 115,000 Rivian vehicles”

Source : PTI | More than half of the electric vehicle (EV) charging stations allotted under the MCD are yet to become operational due to delays in obtaining approvals from the Public Works Department, officials said on Wednesday.

According to official data, a total of 1,047 EV charging stations have been allotted across the city, including 185 at the civic body’s parking sites and 809 at roadside locations. However, only over 460 stations have so far been made operational. Continue reading “Over 50% of MCD-allotted EV charging stations yet to become operational in Delhi: officials”

(Reuters) – Taiwanese battery maker ProLogium Technology will go public in New York through a merger with ​blank-check vehicle Translational Development Acquisition Corp in a $3.8 ‌billion deal, the companies announced on Wednesday.

Here are some details of the deal:

• The deal will provide ProLogium with funds ​to scale the production of its fourth-generation ​solid-state batteries and the construction of its new ⁠gigafactory in Dunkirk, France.
• It will also allow ProLogium ​to expand into growth markets such as data centers, ​aerospace, robotics and defense.
• Construction at ProLogium’s Dunkirk facility is expected to begin later in 2026, followed by formal mass production and ​deliveries in the second quarter of 2029.
• Founded in ​2006, ProLogium makes lithium ceramic batteries for electric vehicles, and ‌has ⁠shipped over 2.4 million battery cells to customers since 2013.
• A SPAC is a shell company that raises money through an IPO to merge with a ​private business, allowing ​it to ⁠go public without a traditional IPO.
• The deal is expected to close in the ​second half of 2026. The combined ​company ⁠will be listed on the Nasdaq under the ticker symbol “PRLG”.
• Cohen & Company Markets advised ProLogium on the deal, while ⁠BTIG ​advised TDAC. Crédit Agricole Corporate ​and Investment Bank acted as the placement agent to ProLogium.

Continue reading “Battery maker ProLogium to list on Nasdaq in $3.8 billion SPAC deal”

Summary

• Kering’s de Meo is a former Renault CEO
• Italian is also an old friend of Alpine boss Briatore
• Gucci will replace BWT as title partner

PARIS, (Reuters) – Gucci will become title partner to Renault’s Alpine Formula One team ​from the 2027 season, the Italian luxury brand said on Wednesday.

Alpine, whose current title partner is Austrian ‌water treatment company BWT, will race as Gucci Racing Alpine Formula One Team. Continue reading “Gucci to become title partner of Renault’s Alpine F1 team from 2027”

WASHINGTON, (Reuters) – Volvo Cars majority owned by China’s Geely Holding(GEELY.UL), said on Tuesday it received approval from the U.S. ​government allowing it to continue selling vehicles.

In January 2025, President Joe Biden’s administration finalized rules ‌effectively barring nearly all Chinese cars and trucks from the U.S. market, as part of a crackdown on vehicle software and hardware from China. Continue reading “Volvo Cars wins US approval to keep importing vehicles with ‘connected car’ technology”