Summary

• US consumers rushed to buy EVs before $7,500 tax credit expired on September 30
• LGES Q3 operating profit beat market expectations based on preliminary figures
• Company has warned of slowdown in EV demand due to tax credit end, US tariffs

SEOUL, (Reuters) – Battery maker LG Energy Solution (LGES) said on Monday its third-quarter operating profit likely rose 34% as U.S. consumers rushed to buy electric vehicles to take advantage of government incentives that expired on September 30. Continue reading “LG Energy Solution Q3 profit likely up 34% on US EV sales rush”

(Reuters) – Jefferies Financial Group said on Sunday its exposure to bankrupt auto parts maker First Brands Group is limited and any potential losses will be “readily absorbable”.

First Brands, which makes filters, brakes and lighting systems for the automotive industry, filed for bankruptcy protection last month after its lenders began investigating irregularities in the company’s financial reporting. Continue reading “Jefferies sees limited impact from First Brands’ bankruptcy”

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’”

Source : PTI | Tata Motors and Maruti Suzuki saw a year-on-year increase in their retail sales market share last month, according to the latest passenger vehicle registration data for September.

Hyundai Motor India and Toyota Kirloskar Motor on the other hand saw a year-on-year dip in their respective market share last month. Continue reading “Tata Motors, Maruti see retail sales market share growth in September”

Summary

• China to impose extra port fees on US ships from October 14
• US to start imposing port fees on Chinese ships on same day
• US-China tensions have risen since September

BEIJING/LOS ANGELES, (Reuters) – China will slap port fees on U.S.-owned, operated, built, or flagged vessels on Tuesday as a countermeasure to U.S. port fees on China-linked ships starting the same day, China’s transport ministry said on Friday.

Later in the day, U.S. President Donald Trump said he was raising tariffs on Chinese exports to the U.S. to 100% and imposing export controls on critical software in a reprisal to export limits by China on rare earth minerals. Continue reading “China hits back on US port fees with retaliatory levies”

Summary

• Q3 global shipments up 13% to 1.3 million units
• North America shipments up 35%
• New V8 Ram 1500 and inventory recovery supported sales
• Shipments in Europe rose 8% led by four new compact models
• Stellantis shares up in Milan in morning trading

MILAN, (Reuters) – Stellantis’ global vehicle shipments rebounded in the third quarter led by new models and North American demand, the carmaker said on Friday, recovering from a slump over the previous six quarters. Continue reading “Stellantis shipments rebound as CEO Filosa’s strategy starts to deliver”

OTTAWA, (Reuters) – The specific deals that Canada is negotiating with the U.S. in key sectors such as steel, aluminum and autos are likely to persist even if the United States-Canada-Mexico trade deal is reviewed next year, Prime Minister Mark Carney said Friday.

Carney told reporters it was unlikely that “one simple trade deal” could resolve all the issues between the two countries. Continue reading “Canada-US sectoral deals likely to persist even if USMCA is revised, Carney says”

SHANGHAI, (Reuters) – Shares of Chinese battery makers plunged on Friday after the country announced that it would control exports of lithium battery parts, a move that tightens its grip on the technology critical for energy storage and electric vehicles.

It had earlier expanded export controls over rare earths as trade tensions with the United States simmer ahead of a possible meeting between Presidents Donald Trump and Xi Jinping later this month. Continue reading “Chinese battery shares slide after Beijing imposes export controls over supply chain”

Summary

• Battery Belt projects face uncertainty due to waning EV demand and policy changes
• Auto industry is installing many times more battery capacity than it will need, Reuters review shows
• Federal raid at Hyundai’s Georgia plant marked another setback for one of the largest EV projects

STANTON, Tenn., (Reuters) – Stanton, Tennessee – population 450 – welcomed a massive new neighbor a few years ago: a Ford electric-truck factory and a joint-venture battery plant slated to employ 6,000 workers.

Ford’s 2022 groundbreaking triggered an influx of construction activity into the former cotton-and-soybean farmlands outside of Memphis. Hard-hatted workers filled local diners. Developers scrambled to build homes and fire stations. Continue reading “Trump’s crackdown on EVs hits home in the Battery Belt”

MILAN, (Reuters) – Stellantis said on Friday its global vehicle shipments rose 13% year-on-year in the third quarter, led by new models and North American demand, in a sign of business recovery after several quarters of declining sales.

The French-Italian-American automaker estimated it shipped a total of 1.3 million vehicles in the July-September period.

Final data on third-quarter shipments and revenues are due to be released on October 30. Stellantis’ brands include Jeep, Peugeot, Fiat, Opel and Ram. Continue reading “Stellantis’ third-quarter shipments rise 13%, led by North America”

BEIJING, (Reuters) – Vessels owned or operated by U.S. firms and individuals – or those built in the United States or that fly the U.S. flag – will be charged additional port fees per voyage starting on October 14, China’s transport ministry said.

The fees are a counter-measure against upcoming U.S. port fees, the ministry said on Friday. Continue reading “China hits back at US ships with additional port fees”

DETROIT, (Reuters) – Ford Motor is walking back a program that would have allowed dealers to offer a $7,500 tax credit on EV leases after the federal subsidy expired September 30, the company said on Thursday.

“Ford will not claim the EV tax credit but will maintain the competitive lease payments we have in the market today,” a spokesperson said.

The decision follows a similar move from General Motors on Wednesday. While automakers including Hyundai and Stellantis have offered cash off incentives to bridge the gap for buyers, Ford and GM took a different approach. Continue reading “Exclusive: Ford reverses plan to claim EV tax credits, following GM”

“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

Roadzen’s DrivebuddyAI Secures EU’s General Safety Regulation 2144 Compliance, Becomes the World’s Only Driver Monitoring System Validated Under Both Indian and EU Safety Standards WAF

Top SUVs Under ₹10 Lakh in India (2025) CarPhD

World’s Longest Running Program on Vehicle After Sales Service. Book Your Slot or Seat Before it’s a Full House WAF Continue reading “WAF Auto News | The Auto World This Week (10th October 2025)”

(Reuters) – Germany luxury sports carmaker Porsche said on Thursday its sales fell globally in the first nine months of 2025, blaming challenging market conditions and intense competition for a 26% slump in the Chinese market.

The carmaker delivered around 70,836 vehicles globally between July and September, roughly a 6% drop from last year’s level according to a calculation by Reuters. Continue reading “Porsche’s 9-month sales fall globally, China leads slump”

Summary

• Showcases Elettrica’s tech at Capital Markets Day
• First EV marks milestone and completes powertrain line-up
• Ferrari developed bespoke sound system
• Model integrates 60+ patents, recycled aluminium

MARANELLO, Italy, (Reuters) – Ferrari has unveiled the technology which will power its hotly-anticipated first electric car, the Elettrica, as the 78-year-old luxury Italian sportscar maker looks to add battery power to its hybrid and petrol-engine models. Continue reading “Ferrari lifts the hood on EV tech in maiden electric car”

• DrivebuddyAI crosses 3.5 billion kilometers of real-world driving data with 70%+ accident reduction, underscoring Roadzen’s global leadership in AI-powered driver safety
• DrivebuddyAI to exhibit live at InCabin Europe 2025, October 7–9, in Barcelona (Booth C210)

NEW YORK, Oct. 07, 2025 (GLOBE NEWSWIRE) — Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, today announced major milestones for its flagship driver-safety and in-cabin intelligence platform, DrivebuddyAI, marking a defining step in its global expansion. Continue reading “Roadzen’s DrivebuddyAI Secures EU’s General Safety Regulation 2144 Compliance, Becomes the World’s Only Driver Monitoring System Validated Under Both Indian and EU Safety Standards”

BRASILIA, (Reuters) – Brazil’s presidential chief of staff, Rui Costa, said on Wednesday the government has no plans to eliminate public transport fares nationwide this year or next, a day after the finance minister had confirmed studies to assess ways to finance the sector.

“There is nothing planned for next year or this year,” Costa said in a local radio interview. “I want to make this clear: the president only requested studies.” Continue reading “Brazil not planning free public transport soon, presidential chief of staff says”

Summary

• BYD benefits from Argentina’s tariff-free EV import policy
• Argentina’s EV market poised for growth, analyst says
• BYD faces competition from other Chinese automakers in global market

BUENOS AIRES, (Reuters) – China’s largest carmaker BYD on Wednesday launched sales of its EVs in Argentina, taking advantage of the lifting of import tariffs for electric and hybrid vehicles and boosting its fast-growing footprint in South America. Continue reading “China’s BYD expands South American footprint with Argentina EV launch”

(Reuters) – Liontown Resources said on Thursday it amended its loan and spodumene supply agreements with Ford Motor aiming to bolster near-term liquidity and gain more flexibility in marketing output as production ramps up at its Kathleen Valley lithium project in Western Australia.

Under the revised terms, Liontown said principal and interest payments due to Ford over fiscal 2026 would be deferred by 12 months; all other loan conditions remained unchanged. Continue reading “Liontown Resources amends loan and supply deals with Ford Motor; shares advance”

DETROIT, (Reuters) – Ford Motor is pausing production next week at the Dearborn, Michigan, plant that makes its F-150 Lightning electric pickup, a change a union official at the plant says is related to a disastrous fire at a supplier’s New York aluminum factory.

The September 16 fire at a Novelis plant is expected to disrupt production of Ford’s best-selling F-150 vehicles for months, and potentially sap $1 billion from its bottom line, according to an analyst estimate. Continue reading “Exclusive: Ford F-150 Lightning plant hit by aluminum fire-related shutdown, union official says”

Summary

• GM cancels EV lease tax credit program after concerns from Senator Moreno
• Program aimed to ease impact of tax credit expiration on dealers
• Ford’s similar program status unclear, spokesperson declined to comment

(Reuters) – General Motors is scrapping a program aimed at allowing its dealers to continue offering a $7,500 tax credit for several months on electric-vehicle leases following the September 30 expiration of the federal subsidy, the company said on Wednesday.

Toward the end of last month, GM devised a plan to have its in-house lending arm initiate the purchase of EVs in its dealers’ inventory. The company planned to apply for the federal $7,500 credit on those cars and then roll that money into EV lease terms for customers through the end of the year. Continue reading “Exclusive: GM backtracks on plan to claim last-minute EV tax credits”

Source : PTI | Skoda Auto India, part of the Volkswagen group, is evaluating the launch of electric car in the country with localised supplier base, an official said on Wednesday.

The company plans to enter the fast-growing Indian electric car market by 2027-28, according to the official. Skoda has a global portfolio of electric cars positioned in the premium segment.

Continue reading “Skoda Auto India evaluating electric car launch with localised supplier base”

Source : PTI | Predictive AI start-up Intangles has raised $30 million (about ₹266 crore) in a funding round led by Avataar Venture Partners, the company said on Tuesday.

The Pune-based firm received follow-on investments from Baring India Private Equity and Cactus Partners in the funding round. Continue reading “Auto AI firm Intangles raises $30 mn in funding led by Avataar Venture Partners”

Source : PTI | Honda Motorcycle and Scooter India, the unlisted two-wheeler arm of Japan’s Honda Motor Co, posted a 37.77 per cent rise in consolidated profit after tax to ₹3,726.8 crore for the fiscal year ended March 31, 2025, its highest in five years, according to financial data accessed by business intelligence platform Tofler.

The company had posted a consolidated profit after tax of ₹2,705.15 crore in the financial year ended March 31, 2024.

Continue reading “Honda Motorcycle & Scooter India posts record ₹3,726.8 crore profit in FY25”

Rodim India, a brand of BASF, announces the appointment of Amresh Khar as Senior Vice President – Sales & Marketing (India). In his new role, Khar will lead Rodim’s expansion strategy, drive sales initiatives, finance & warranty and strengthen the company’s leadership presence in both Indian and international automotive markets.

With over 22 years of experience in the automotive industry, Amresh Khar has held leadership positions at Mahindra First Choice Wheels, Volkswagen Group Sales, Castrol India and Honda Cars, and also founded Mad About Wheels. An alumnus of IIM Bangalore, Khar holds an MBA from UBI Brussels and a Bachelor’s degree in Engineering from Maharashtra. He is credited with building one of India’s fastest-expanding automotive installation teams, with a workforce of over 200 skilled professionals. Continue reading “BASF’s Rodim India names Amresh Khar as Senior Vice President – Sales & Marketing”

Source : PTI | Japanese automaker Nissan will kickstart the resurgence of the brand in India with its entry into the fast-growing but highly competitive mid-size SUV segment next year with its new model Tekton, which will also be exported to other countries, top company officials said on Tuesday.

The Tekton, which will compete with the likes of market leader Hyundai Creta, Kia Seltos, Maruti Suzuki Grand Vitara and Skoda Kushaq among others, has been designed and developed through a three-way collaboration by Nissan’s global teams in Japan, London and India.

Continue reading “Nissan bets on mid-size SUV Tekton for resurgence in India, launch slated for mid-2026”

Source : PTI | New Delhi, Over 112 DTC buses broke down on average every day in Delhi over the last two years, with more than 81,000 breakdowns reported by different depots of the public transporter, according to data obtained through an RTI query by PTI.

According to the data, 81,869 cases of bus breakdowns were reported over a span of two years between 2023 and 2024 — an average of nearly five buses breaking down every hour and every day for two years.

Continue reading “5 buses broke down every hour, every day in Delhi in 2 years: Official data”

BERLIN, (Reuters) – BMW has cut its 2025 earnings forecast due to slow growth in China and U.S. import tariffs, the luxury automaker said on Tuesday.

The German company said it expected a slight decline in group earnings before tax, compared with previous guidance that they would be around the same level as in 2024. Continue reading “Automaker BMW cuts 2025 earnings forecast”

(Reuters) – Mercedes-Benz reported declining sales for the third quarter on Tuesday, as U.S. import duties and intensifying competition in China dented the German luxury carmaker’s deliveries.

It delivered 441,500 vehicles between July and September, 12% fewer than in the same quarter last year, with sales in the U.S. and China falling by 17% and 27% respectively. Continue reading “Mercedes-Benz third quarter sales drop, dragged by China and US”

(Reuters) – Tesla unveiled more affordable versions of its best-selling Model Y SUV and its Model 3 sedan on Tuesday at $39,990 and $36,990, respectively, as the electric-vehicle maker seeks to reverse falling sales and waning market share amid rising competition.

MARKET REACTION:

Tesla shares dropped 3.6% in afternoon trading.

The S&P 500 was down 0.4% while the Nasdaq fell 0.6%. Continue reading “Instant view: Reactions to Tesla’s launch of cheaper Model Y and Model 3”

WASHINGTON, (Reuters) – Toyota Motor said on Tuesday it is exploring the development of a small drone system primarily to support vehicle operations on unpaved roads and trails.

The Japanese automaker said in a filing with the Federal Aviation Administration that the potential system aims to boost situational awareness in places where it is unsafe to exit the vehicle. Continue reading “Toyota explores small drone system for off-road vehicle use”

(Reuters) – Tesla unveiled more affordable versions of its best-selling Model Y SUV and Model 3 sedan on Tuesday at $39,990 and $36,990, respectively, as the electric-vehicle maker seeks to reverse falling sales and waning market share amid rising competition. Continue reading “How Tesla’s cheaper models compare with other electric vehicles”

WASHINGTON, (Reuters) – The U.S. Energy Department is considering revoking nearly $1.1 billion awarded in retooling grants to Chrysler-parent Stellantis and General Motors last year by the administration of President Joe Biden, according to a document seen by Reuters.

The projects are among a list of $12 billion in awards that could be canceled as the partial government shutdown persists. Continue reading “US may revoke $1.1 billion in auto plant funding for Stellantis, GM”

Summary

• Cars open for orders now; many locations show deliveries in December, January
• Pricing disappoints some investors and analysts
• Cars drop some premium features but offer over 300 miles of range
• Musk emphasizes affordability amid rising competition and sales challenges

(Reuters) – Tesla rolled out “affordable” versions of its best-selling Model Y SUV and its Model 3 sedan, but the starting prices of $39,990 and $36,990 were too high, some said, to attract a new class of buyers to the electric vehicle brand. Continue reading “Tesla debuts ‘affordable’ Model Y and 3 that strike some as too expensive”

Summary

• Trump says tariff aims to protect U.S. truck manufacturers from foreign competition
• U.S. Chamber of Commerce opposes tariffs, citing allies as top import sources
• Mexico largest exporter of medium- and heavy-duty trucks to U.S

WASHINGTON, (Reuters) – President Donald Trump said Monday that all medium- and heavy-duty trucks imported into the United States will face a 25% tariff rate starting November 1, a significant escalation of his effort to protect U.S. companies from foreign competition. Continue reading “Trump imposing new 25% large truck tariff starting Nov. 1”

(Reuters) – Ferrari has completed the construction of e-Vortex, the new test circuit next to its Fiorano test track in less than four months, the sports car maker said on Monday.

The infrastructure is about 2 kilometers long, covers 37,000 square metres and is divided into sectors: two banked curves with longitudinal slope, a central straight and handling curves for dynamic behaviour studies. Continue reading “Ferrari completes e-Vortex test circuit near Fiorano”

(Reuters) – Tesla’s sales volume in Germany fell by 9.4% in September, the German road traffic agency KBA said on Monday, although overall sales of battery electric vehicles rose by 31.9% year on year.

Registrations of new Tesla cars had risen in parts of Europe in September, lifted by its updated Model Y. But the U.S. electric vehicle maker continues to face pressure from growing competition, political backlash against CEO Elon Musk and an ageing lineup. Continue reading “Tesla’s German car sales fall in September though wider EV sales jump”

(Reuters) – Some non-U.S. companies have said they are looking at expanding their presence or setting up shop in the United States to mitigate the impact of President Donald Trump’s tariffs on imported goods.

Below are some of the plans flagged by those companies. Continue reading “Foreign companies eye US expansion to lessen fallout from tariffs”

(Reuters) – Lucid reported a 46.6% jump in third-quarter deliveries on Monday, driven by a rush of demand for electric vehicles before lucrative tax credits expired last week, but it still missed Wall Street expectations.

The EV maker and its rivals are bracing for a sharp drop in sales in the last three months of the year without the $7,500 in credits. While some have cut prices and found mechanisms to extend the benefits of the credit, others have cut production plans in anticipation of a slump. Continue reading “EV maker Lucid’s quarterly deliveries rise but fall short of expectations”

Source : PTI | India’s crude oil imports from Russia saw a marginal decline in September, but continued to account for over one-third of the country’s total oil purchases, despite US pressure to curb the trade over concerns that it supports Moscow’s war effort in Ukraine.

India’s crude imports in September were around 4.7 million barrels per day, up 2,20,000 bpd month-on-month and flat year-on-year. Continue reading “Russia to remain India’s No 1 crude oil supplier: Analysts”