HONG KONG, (Reuters) – COSCO Shipping Ports is facing “challenges” with its international investments amid pressures from the U.S. trade war, its managing director said in Hong Kong on Thursday.

Wu Yu told an earnings conference that while there were challenges from the United States, the state-owned global shipping and ports conglomerate was “very focused on development opportunities in emerging and regional markets, as well as in some key hubs”. Continue reading “COSCO facing ‘challenges’ with international investments amid US trade pressures”

DETROIT, (Reuters) – The United Auto Workers (UAW) said on Wednesday it won a vote at a Ford joint-venture plant in Kentucky to unionize, but the remaining challenge ballots could change the outcome.

There were 526 votes for the union and 515 against, the UAW confirmed, with 41 challenge ballots remaining. Continue reading “UAW union says it wins vote at Ford JV battery plant in Kentucky, but challenge ballots remain”

(Reuters) – Ford Motor is recalling nearly 500,000 vehicles in the U.S over a brake fluid leak issue, the National Highway Traffic Safety Administration said on Thursday.

A ruptured hose in the brake system might cause fluid to leak, lengthening stopping distances, which increases the risk of a crash, the report said. Continue reading “Ford recalls nearly 500,000 vehicles over brake fluid leak”

Source : PTI | The Uttar Pradesh Transport Department has introduced a new helpline where citizens can seek information regarding transport and vehicle-related matters, including driving licence and registration certificate, a statement said on Thursday.

Transport Commissioner Brajesh Narayan Singh said that the state government had sought a short and easy-to-remember helpline, which has been approved and implemented by the Union Ministry of Telecommunications. Continue reading “UP govt launches new helpline for transport, vehicle-related matters”

(Reuters) – Over 600 workers of the United Auto Workers union at GE Aerospace’s Evendale, Ohio, plant and Erlanger, Kentucky, distribution facility went on strike on Thursday after failing to reach a new contract agreement, UAW President Shawn Fain said.

The Evendale plant builds marine and industrial engines for the U.S. Navy, while the Erlanger facility supplies parts to some of the company’s engine plants. Continue reading “Over 600 UAW workers at two GE Aerospace facilities go on strike”

DETROIT, (Reuters) – The United Auto Workers (UAW) said on Wednesday it won a vote at a Ford joint-venture plant in Kentucky to unionize it, but believed 41 challenge ballots still pending to be illegitimate.

A win for the union would give it a much-needed boost in the U.S. South by securing membership at another electric vehicle (EV) production facility, a key battleground as the automobile industry electrifies. Continue reading “UAW union says it wins vote at Ford JV battery plant in Kentucky”

TOKYO, (Reuters) – Toyota Motor’s global sales rose in July for a seventh consecutive month, anchored by robust demand in North America and strong performance of hybrid and new electric models in China, the Japanese automaker said on Thursday.

The company’s worldwide sales rose 4.8% year-on-year to 899,449 vehicles in July, a record for that month. Continue reading “Toyota’s July sales rise for seventh month on strong N.America, China EV demand”

(Reuters) – New car sales in Europe rose 5.9% in July, the best month for more than a year in a boost for the struggling industry as consumer confidence weakens, European Automobile Manufacturers Association data showed on Thursday.

Plug-in hybrid sales in the European Union recorded the biggest jump since at least January 2023, when the ACEA started reporting the figure, while those of battery-electric cars had the biggest increase since August 2023. Continue reading “Europe’s July car sales rise most since April 2024, BYD ahead of Tesla”

Source : PTI | Commercial vehicle dispatches from companies to dealers are expected to witness a volume growth of 3-5 per cent year-on-year in the current fiscal, rating agency Icra said on Wednesday.

Domestic commercial vehicle wholesale volumes reported a moderate 6.1 per cent year-on-year increase in July 2025, even as volumes declined sequentially by 2.7 per cent. Continue reading “Commercial vehicle volumes likely to grow by 3-5% this fiscal: Report”

Source : PTI | Rating agency ICRA expects India Inc to report muted revenue growth of 5-6 per cent in the second quarter of the fiscal as against 5.5 per cent in the preceding three months.

Coupled with softening of input costs such as crude oil and coal, this will result in a steady Operating Profit Margin (OPM) in the range of 18-18.2 per cent on a year-on-year (YoY) basis, it said in a release.

Continue reading “India Inc to report muted revenue growth of 5-6 pc in Q2: ICRA”

TOKYO, (Reuters) – Japanese automaker Mitsubishi Motors cut its operating profit forecast for the current fiscal year by 30% on Wednesday, citing the impact of U.S. import tariffs, weaker sales expectations, and rising selling costs.

The automaker now expects to post an operating profit of 70 billion yen ($475.12 million) for the fiscal year through next March, down from its previous estimate of 100 billion yen. Continue reading “Japan’s Mitsubishi Motors cuts full-year operating profit forecast by 30%”

BRUSSELS, (Reuters) – European Union targets to cut CO2 emissions from vehicles, including a 100% reduction for cars by 2035, are no longer feasible, the heads of the European automobile manufacturers’ and automotive suppliers’ associations said on Wednesday.

European Commission President Ursula von der Leyen is set to host automotive sector executives on September 12 to discuss the future of the sector, which is facing twin threats of Chinese competition in electric vehicles and U.S. tariffs. Continue reading “EU auto groups press for change to ‘no longer feasible’ car CO2 emission targets”

Summary

• AI theme dominates U.S. single stock leveraged ETF market
• 112 new leveraged ETFs launched in 2025, up from 38 in 2024
• Nvidia earnings likely to test AI leveraged ETF market
• Critics warn retail investors may not grasp leveraged ETF volatility

(Reuters) – AI hype that has helped push U.S. stocks to fresh records this year has driven an explosion in leveraged single stock exchange-traded funds, a universe of speculative products that is likely to be tested by Nvidia’s NVDA.O Wednesday earnings. Continue reading “Nvidia to set tone for booming AI leveraged ETF market”

(Reuters) – Mexico’s government is set to raise tariffs on Chinese imports, including cars, textiles, and plastics, as part of its 2026 budget proposal next month, Bloomberg News reported on Wednesday, citing three people briefed on the matter.

The tariff increases may also target other Asian countries, the report said, citing one of the sources. Continue reading “Mexico set to raise tariffs on imports from China, Bloomberg News reports”

(Reuters) – Ford Motor Company is recalling more than 355,000 trucks in the U.S over a issue with the instrument panel display, the National Highway Traffic Safety Administration said on Wednesday.

The recall affects certain Ford 2025-2026 models – F-550 SD, F-450 SD, F-350 SD, and F-250 SD – and the 2025 F-150. Continue reading “Ford to recall more than 355,000 trucks over instrument panel issue, NHTSA says”

Summary

• Investors have criticised dual role as CEO of Porsche and VW
• Appointment expected in the autumn, WirtschaftsWoche reports
• Porsche AG shares up 1.1%

BERLIN, (Reuters) – Porsche has begun the search for a successor to CEO Oliver Blume, a source close to the matter said, signalling what is likely to be the end of his dual role at the helm of the luxury sports car maker and parent Volkswagen . Continue reading “Porsche begins CEO search likely to end dual VW role, source says”

Start of Production of Maruti Suzuki’s first BEV, e VITARA for sales in over 100 countries and Suzuki’s first Lithium-ion battery, cell & electrode manufacturing in India for strong hybrid electric vehicles – Significant milestones in Make in India and Aatmanirbhar Bharat

• Hon’ble Chief Minister of Gujarat, Shri Bhupendra Patel, and Ambassador of Japan to India, H.E. Mr. Keiichi Ono grace the ceremony
• Manufactured exclusively at Maruti Suzuki’s Gujarat plant, first batch of e VITARA is set to sail for the European region from Pipavav port, this month
• Suzuki Group has invested over INR 1,00,000 crore in India. These investments have also led to the creation of over 11,00,000 direct jobs in the value chain

Hansalpur / New Delhi : Hon’ble Prime Minister, Shri Narendra Modi, today commemorated the Start of Production of Maruti Suzuki’s first Battery Electric Vehicle (“BEV”), e VITARA, for sales in over 100 countries, at Suzuki Motor Gujarat Private Limited (“SMG”), a wholly owned subsidiary of Maruti Suzuki India Limited (“Maruti Suzuki”). The Hon’ble Prime Minister also celebrated the start of local manufacturing of first Lithium-ion battery, cell & electrode for strong hybrid electric vehicle at TDS Lithium-Ion Battery Gujarat Private Limited (“TDSG”), Maruti Suzuki’s fellow subsidiary. Continue reading “Hon’ble Prime Minister Shri Narendra Modi commemorates two historic firsts in India”

(Reuters) – Chrysler-parent Stellantis paid $190.6 million in penalties this year for not meeting U.S. fuel economy requirements, according to a government report and the Italian-U.S. automaker.

The National Highway Traffic Safety Administration said in an annual report that Stellantis paid $112.3 million in June and $78.3 million in March in payments for shortfalls from the 2019 and 2020 model years. In total, Stellantis has paid $773.5 million since 2018. Continue reading “Stellantis paid $190.6 million in US fuel economy penalties this year, agency says”

TOKYO, (Reuters) – The pension trust of German automaker Mercedes-Benz has sold its entire stake in Japan’s Nissan Motor for 47.83 billion yen ($324.65 million), a source with direct knowledge of the matter said on Tuesday.

Shares in the Japanese automaker ended the day more than 6% lower, following Mercedes-Benz’s announcement on Monday that it would sell its 3.8% stake. The decline marked the stock’s biggest one-day drop since early July. Continue reading “Mercedes-Benz offloads Nissan stake for $325 million, source says”

SEOUL, (Reuters) – South Korea’s Hyundai Motor Group said in a statement on Tuesday it is increasing U.S. investment to $26 billion from a previously planned $21 billion.

Hyundai Motor Group added that it will establish a state-of-the-art robotics facility with an annual capacity of 30,000 units in the U.S. Continue reading “Hyundai Motor Group increases US investment to $26 billion”

Source : PTI | Vedanta group firm Hindustan Zinc Ltd is actively exploring opportunities in rare earth elements and seeking global partners for AI and drone-based exploration of critical minerals, Chairperson Priya Agarwal Hebbar on Monday said.

Addressing the shareholders during the 59th Annual General Meeting, Hebbar said, “Further, we are actively pursuing exploration opportunities in copper, lithium, nickel, cobalt, potash, and rare earth elements, while also looking at neodymium from monazite, antimony, graphite, and germanium.” Continue reading “HZL eyes rare earth elements, seeks global partners for AI, drone-led mineral exploration”

(Reuters) – The National Highway Traffic Safety Administration is opening a probe into more than 1.4 million Honda vehicles sold in the United States over concerns that connecting rod bearing failures in their engines could lead to complete engine failure.

In a letter dated August 20, the regulator said it received 414 reports of the issue in various Honda and Acura vehicles’ 3.5-liter V6 engine. Continue reading “US probes into more than 1.4 million Honda vehicles over engine failure”

BERLIN, (Reuters) – German carmaker Porsche AG has scrapped plans to produce high-performance batteries at its Cellforce unit, citing slow demand for electric vehicles and changed conditions in China and the United States.

The move, which according to a person familiar with the matter will see about 200 of the nearly 300 jobs at the subsidiary cut, is a further blow to European efforts to challenge Asia’s dominance in automotive battery manufacturing. Continue reading “Porsche scraps battery production plans at Cellforce unit”

TOKYO/BERLIN, (Reuters) – The pension trust of Mercedes-Benz will sell off its roughly $346 million shareholding, a 3.8% stake, in Nissan Motor a spokesperson for the German carmaker said on Monday, adding to pressure on the Japanese automaker’s share price.

Japan’s third-largest automaker has been hit by U.S. tariffs, restructuring and lower sales volumes that have contributed to a 24% slide in its share price this year. Continue reading “Mercedes-Benz Pension Trust to sell its 3.8% stake in Nissan Motor”

(Reuters) – Startups worldwide are racing to develop new battery technologies using materials like sodium and sulfur or other innovative chemistries, aiming to cut costs and reduce reliance on some critical minerals to supply electric vehicles (EVs).

China controls 85% of the global battery cell production, and 90% of processing of raw materials used in two lithium-ion variants that dominate today’s EV market. Continue reading “Competing battery technologies shape the EV industry”

Summary

• Lyten to restart Northvolt’s halted production plants -CEO
• Lyten CEO: Deal will speed up lithium-sulfur production
• BMW says Lyten will only be considered for future projects
• FACTBOX: Competing battery technologies shape EV industry

STOCKHOLM, (Reuters) – Silicon Valley startup Lyten will need to convince carmakers it can succeed where bankrupt Swedish EV battery maker Northvolt failed – creating a European champion to reduce the region’s reliance on China.

Lyten, which develops lithium-sulfur batteries, unexpectedly announced on August 7 it was buying Northvolt’s assets, offering a lifeline to future European battery production for electric vehicles. Continue reading “Battery startup Lyten yet to convince carmakers over Northvolt revival”

New Delhi, 25th August 2025: The Society of Indian Automobile Manufacturers (SIAM) organised the 2nd SIAM Automotive Taxation Conference 2025, themed “Drive with Policy Reforms and Innovation to Build Viksit Bharat.” The conference included insightful discussions related to critical role of taxation policies in supporting the growth of India’s automotive sector while contributing to the nation’s economic development; GST compliance – best practices and challenges; and the role of AI & analytics for ease of compliance.

Mr. Shashank Priya, Special Secretary & Member (GST, CX&ST), CBIC, Ministry of Finance, Govt. of India, said, “The Government is working towards GST rate rationalization, towards substantially controlling disputes and boost consumer sentiments. We are looking at early refund of inverted duty structure, focus at more auto-filled data and working on time frame for reconciliation of credit notes.” Continue reading “SIAM Deliberates on Policy Reforms for Automotive Taxation”

(Reuters) – Tesla has raised the price of its most-expensive Cybertruck pickup truck model by $15,000 in the United States despite softer-than-expected sales and recalls.

The sharp increase follows a long-delayed rollout in which the pickup has struggled to meet Tesla’s early promises, with sales so far trailing expectations. Continue reading “Tesla raises price of most-expensive Cybertruck by $15,000 in US”

Summary

• US to levy 15% tariff on most EU goods, 50% on steel, aluminum
• US to cut car tariffs once EU introduces legislation to reduce levies on US goods
• EU will seek to secure retroactive car tariff reduction
• Tariff relief could come in weeks, US official says

WASHINGTON/BRUSSELS, (Reuters) – The European Union will work to ensure lower U.S. tariffs on its car exports are applied retroactively to August 1, the bloc’s trade chief said on Thursday, as the transatlantic partners set out details of a framework trade deal struck in July. Continue reading “EU pushes for reduced US autos tariff from August 1 as joint text limits exemptions”

Source : PTI | VinFast Auto India on Friday said it has joined hands with State Bank of India to facilitate loans for customers.

The agreement aims to offer a seamless suite of credit solutions ahead of the electric automaker’s first product rollout in the country. Continue reading “VinFast Auto partners with SBI for vehicle finance”

Source : PTI | The domestic tyre industry is likely to register a 7-8 per cent growth in the current fiscal on the back of replacement demand, according to people tracking the sector.

JK Tyre & Industries MD Anshuman Singhania said the Indian tyre industry remains an export-heavy manufacturing sector, with outbound shipments surpassing ₹25,000 crore in FY25. Continue reading “Tyre industry likely to see 7-8% growth in FY26”

Source : PTI | Electric vehicles are exempted from paying toll on the Atal Setu (formerly Mumbai Trans Harbour Link or MTHL), India’s longest sea bridge, an official said on Friday.

The state Urban Development Department, in a notification on Thursday, said that the exemption will apply to electric four-wheelers and electric buses, including those operated by state transport undertakings and private operators.

Continue reading “Electric vehicles exempted from toll on Atal Setu”

Summary

• Separate probe covers 2.4 million Teslas after four collisions, one fatal
• Some crash reports arrived months after those incidents-NHTSA

WASHINGTON, (Reuters) – The U.S. auto safety agency said Thursday it would investigate Tesla’s delays in submitting crash reports involving advanced driver-assistance systems or self-driving vehicles.

The National Highway Traffic Safety Administration said it had identified numerous incident crash reports from Tesla that arrived several months or more after those incidents. Continue reading “US probes delays in Tesla crash reports involving driver-assistance systems”