Summary

• Longtime Musk ally had key roles in North America and Europe
• Departure follows other high-profile exits at Tesla over past year-and-a-half
• Tesla faces declining EV sales, pressure to deliver robotaxis

(Reuters) – Tesla executive and longtime Elon Musk confidant Omead Afshar has left the electric-vehicle maker, three people familiar with the matter said on Thursday, another senior departure as the company grapples with slowing global demand. Continue reading “Top Tesla executive, an Elon Musk confidant, leaves the company, sources say”

Summary

• Automakers want NHTSA to remove regulatory barriers
• Industry thinks Congress could pass rules avoiding state patchwork of requirements
• US vehicle fatality rate more than double the average of other high-income countries

WASHINGTON, (Reuters) – Major automakers want Congress and the Trump administration to move faster to make it easier to deploy autonomous vehicles without human controls as new robotaxi tests expand.

Congress has been divided for years about whether to pass legislation to address deployment hurdles, while the National Highway Traffic Safety Administration has not moved quickly to rewrite safety rules or allow exemptions for up to 2,500 vehicles without human controls annually and ease other hurdles. Continue reading “Automakers want US to move faster on self-driving car rules”

Summary

• New YU7 wins more orders than anticipated
• Tesla expected to lose more market share
• Analyst says Tesla may need to cut prices to fight back

SHANGHAI, (Reuters) – Exceptionally strong initial orders for Xiaomi’s YU7 electric sport utility vehicle sent shares in the automotive newcomer to a record high on Friday and fanned speculation that Tesla may have to cut prices to fight back.

The company received 289,000 orders for the YU7 – only its second vehicle and one that undercuts Tesla’s Model Y in price by nearly 4% – in its first hour on sale, according to CEO Lei Jun. Continue reading “Bumper orders for Xiaomi’s new SUV heighten threat to Tesla”

Source : PTI | Maharashtra Minister Pratap Sarnaik has said the government is committed to addressing the grievances of transport operators, who have threatened to go on strike from July 1 to protest against the e-challan system for traffic violations.

The minister on Thursday directed officials to form a committee and submit a report within one month concerning the transporters’ strike threat. Continue reading “Maharashtra transporters to go on strike from Jul 1 to protest e-challans; form panel, says Sarnaik”

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BEIJING, (Reuters) – Chinese EV and smartphone maker Xiaomi on Thursday priced its new electric YU7 SUV 10,000 yuan ($1,395) cheaper than Tesla’s Model Y, stepping up the challenge to the U.S. firm in the world’s largest auto market.

The base model of the YU7 starts from 253,500 yuan ($35,364), with the more premium models YU7 Pro and YU7 Max priced at 279,900 and 329,900 yuan respectively. Continue reading “Xiaomi launches YU7 priced from 253,500 yuan, challenging Tesla’s Model Y”

Summary

• Forum aims to involve drivers in robotaxi policy and planning
• Lyft to launch robotaxis with May Mobility in Atlanta
• Tesla recently tested self-driving Model Y SUVs as robotaxis in Austin

(Reuters) – Lyft introduced its first-ever Driver Autonomous Forum on Thursday, a new initiative designed to engage seasoned drivers in shaping key strategies as the company begins integrating robotaxis into its ride-hailing service. Continue reading “Lyft taps drivers for strategic input to help navigate robotaxi rollout”

By Mobility Outlook

JSW MG Motor India has announced a price increase of up to 1.5% across most of its vehicle range, effective from July 1, 2025.

The company attributed the decision to rising input costs and broader macroeconomic pressures, which have made it necessary to partially offset the impact through a pricing adjustment. This is a standard industry response to factors such as fluctuating raw material prices, logistics costs, and currency volatility, which continue to affect automotive production and distribution costs. Continue reading “JSW MG Motor India To Hike Vehicle Prices By Up To 1.5% From July 1 Amid Rising Input Costs”

(Reuters) – GM is recalling 62,468 vehicles over the risk that a fault in the brake pressure sensor assembly may allow fluid to leak, increasing chances of an electrical short, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Thursday.

An electrical short can generate excessive heat and could result in a fire, risking injury, NHTSA said. It added that an underhood fire may occur even when the vehicle is switched off or possibly unattended. Continue reading “GM to recall over 62,000 US vehicles over fire risk from brake assembly”

WASHINGTON, (Reuters) – A major trade group representing General Motors, Toyota Motor, Volkswagen, Hyundai and other automakers sharply criticized the National Highway Traffic Safety Administration, saying the auto safety regulator is impeding progress and struggling to modernize.

“Its fractured relationship with the industry, decades-old safety regulations, and lack of a clear strategic roadmap for emerging technologies are stifling innovation and threatening U.S. global leadership,” said Alliance for Automotive Continue reading “Major automakers criticize US auto safety agency, call for reform”

PARIS, (Reuters) – Stellantis’ has begun reviewing its long-term strategic plan, new Chief Executive Antonio Filosa told staff on Wednesday, in his first public appearance since officially taking over as head of world’s No. 4 automaker.

“We have already started looking at our long-term strategic plan, which we will share when we are ready,” Filosa said in a video call from Turin in Italy, and which was shared by the company with reporters. Continue reading “Stellantis has started review of long-term strategic plans, says new CEO”

Summary

• Huge new Santos container terminal stirs dispute
• Port auction rules favor newcomers over Maersk, MSC
• Process may open door to Asian rivals, new JBS unit

SAO PAULO, (Reuters) – Global shipping groups are looking to Brazil’s courts to overturn competition rules that bar them from participating in the first round of bidding on a major new container terminal at Latin America’s largest port, due to take place later this year.

Danish shipping group Maersk filed a lawsuit on Monday in Sao Paulo against Brazil’s marine transport authority (Antaq), and its general director, according to a document seen by Reuters. The lawsuit called for “procedural corrections to ensure a fair process” to assign the Tecon 10 terminal at the Port of Santos. Continue reading “Exclusive: Maersk sues over $1 billion Brazil port auction, MSC Group’s TIL may follow”

Summary

• European car sales up 1.9% year-on-year in May
• Battery-electric car sales jump 27.2%
• Tesla sales drop 27.9%, falling for fifth straight month

(Reuters) – Tesla’s new car sales in Europe fell 27.9% in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2%, with the U.S. EV maker’s revised Model Y yet to show signs of reviving the brand’s fortunes.

Overall car sales in Europe rose 1.9%, with the strongest growth coming from plug-in hybrids and cars powered by alternative fuels, data from the European Automobile Manufacturers Association (ACEA) showed. Continue reading “Tesla’s European sales slump for fifth month”

Summary

• BYD has cancelled night shifts at some factories in China -sources
• Production at some factories cut by at least a third of capacity -sources
• BYD has suspended some plans to set up new production lines -source

SHANGHAI, (Reuters) – Chinese electric vehicle champion BYD has slowed its production and expansion pace in recent months by reducing shifts at some factories in China and delaying plans to add new production lines, said two people with knowledge of the matter. Continue reading “Exclusive: BYD slows production, delays capacity expansion at China factories, sources say”

Summary

• Traffic problems, driving mistakes feature in Tesla’s robotaxi – passenger videos
• Robotaxis entered wrong lane, dropped passengers off in the middle of roads among other issues
• Problems show limitations of Tesla’s self-driving software – safety expert
• Driverless vehicle rivals Waymo and Cruise also faced issues in their rollouts

(Reuters) – A first public test of robotaxis by Tesla in Austin, Texas led to multiple traffic problems and driving issues, videos from company-selected riders showed over the first few days. Continue reading “Tesla’s robotaxi peppered with driving mistakes in Texas tests”

Source : PTI | Tata Steel CEO & Managing Director T V Narendran on Tuesday said the overall impact of the Iran-Israel conflict on the company was not much.

He said this on the sidelines of a programme organised by the Singhbhum Chamber of Commerce and Industry (SCCI).

Narendran said 95 per cent of sales of the company take place domestically on Indian currency. Hence, the overall impact on the company would not be much for the time being but if the conflict lasts long, then its impact will be felt globally including Tata Steel. Continue reading “Iran-Israel conflict not to have much impact on Tata Steel unless it lasts long: MD & CEO T V Narendran”

Source : PTI | The government has disbursed Rs 21,534 crore under Production-Linked Incentive schemes for 12 sectors, including electronics and pharma, since the launch of the support measure to boost domestic manufacturing, an official statement said on Wednesday.

In 2021, the government announced Production-Linked Incentive (PLI) schemes for 14 sectors with an outlay of Rs 1.97 lakh crore.

Continue reading “Govt disburses ₹21,534 crore under 12 PLI schemes so far”

Summary

• ‘The global demand environment remains volatile,’ CEO says
• FedEx shares fall more than 5% in after-hours trading
• Uncertainty about Trump tariffs a big wild card for FedEx
• FedEx more exposed to China than UPS, whose shares dipped less than 1%

LOS ANGELES, (Reuters) – FedEx on Tuesday signaled caution for the year ahead and forecast current-quarter profit short of market expectations amid volatile global demand, sending shares of the delivery giant down more than 5% after hours. Continue reading “FedEx shares sink 5% after profit outlook highlights tariff challenges”

Summary

• China has been shipping new cars as ‘used’ overseas since 2019
• Chinese state media condemned the domestic ‘zero mileage’ used car market
• But local Chinese governments actively promote it to meet economic targets from Beijing

BEIJING/SHANGHAI, (Reuters) – China’s auto industry has inflated car sales for years through a burgeoning government-backed grey market that registers new cars right off the assembly line and then ships them overseas as “used” vehicles. Continue reading “Exclusive: China auto industry inflates sales by exporting new cars as ‘used’”

Source : PTI | Tata Motors group is better equipped to deal with supply chain challenges arising from the ongoing Israel-Iran clash, China’s restriction of rare earth magnet exports and global tariff war, having learnt from the semiconductor crisis during the COVID-19 pandemic, top company officials said on Tuesday.

Jaguar Land Rover (JLR), the company’s British arm that is facing a steep tariff hike for exports to the US, is not considering setting up a plant in America to address local demand, Tata Motors Group CFO PB Balaji told reporters during the company’s media day interaction. Continue reading “Better equipped to tackle supply chain woes from lessons learnt during chip crisis: Tata Motors”

(Reuters) – Ford is recalling 132,914 Aviator SUVs in the United States because parts, including rear door window bars, may detach due to insufficient adhesive retention, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Tuesday.

These detaching parts could pose a hazard to other road users and increase the risk of crashes, according to the NHTSA report. Continue reading “Ford recalls 133,000 Lincoln Aviators over risk of detaching parts”

PARIS, (Reuters) – French investigators on Tuesday ordered Tesla to stop what they called “deceptive business practices” or face thousands of euros in fines.

Investigators at the finance ministry’s Competition, Consumer Affairs and Fraud Control office said the automaker had engaged in deceptive commercial practices over the fully autonomous driving capabilities of its cars, had issued sales contracts with no date, time or place of vehicle delivery, and had failed to provide timely refunds, among other infractions. Continue reading “French investigators order Tesla to stop ‘deceptive business practices’”

Summary

• Nissan faces scrutiny over crisis at annual meeting
• Espinosa plans cuts, including closing plants and shedding jobs
• Strategic Capital urges action on Nissan Shatai subsidiary

TOKYO, (Reuters) – Nissan Motor shareholders vented their frustrations over the automaker’s poor performance at its annual general meeting on Tuesday, with some demanding greater management accountability for the deepening crisis at Japan’s third-largest car company. Continue reading “Nissan shareholders assail management over deepening crisis”

Summary

• Filosa officially takes the job on Monday
• Shares fall after management team announcement
• CFO Ostermann and tech chief Curic confirmed
• Maxime Picat leaves group

MILAN, (Reuters) – Stellantis new CEO Antonio Filosa started his tenure on Monday by retaining his previous role as head of the key North American market, while avoiding major changes to the French-Italian automaker’s senior management team. Continue reading “Stellantis shares fall as new CEO avoids big shake-up of top jobs”

Summary

• The U.S. auto workers union estimates it missed out on $80 million in potential stock gains
• UAW failed to follow its policy on asset allocation, missing bull market
• Federal monitor investigating UAW’s investment decisions

DETROIT, (Reuters) – The United Auto Workers’ leadership is mired in turmoil over allegations of an investment blunder that officials say cost the union about $80 million in potential gains from its financial portfolio, according to seven UAW officials and employees and union documents reviewed by Reuters. Continue reading “Exclusive: UAW investment blunder cost the union an estimated $80 million, documents show”

Source : PTI | Adani Group has commissioned India’s first off-grid 5 megawatt green hydrogen pilot plant in Kutch, Gujarat, the conglomerate said in a statement on Monday.

An off-grid green hydrogen plant is a facility that produces hydrogen using electrolysis powered by renewable energy sources, such as solar or wind, and is not connected to the main electrical grid. This means the plant relies entirely on its own renewable energy generation for the hydrogen production process. Continue reading “Adani commissions India’s 1st off-grid green hydrogen pilot plant”

India has ramped up purchases of Russian oil in June, importing more than the combined volumes from Middle Eastern suppliers such as Saudi Arabia and Iraq, amid market volatility triggered by Israel’s dramatic attack on Iran.

The US military struck three sites in Iran early Sunday, directly joining Israel which first struck Iranian nuclear sites on June 13. Continue reading “Iran-Israel War: India ramps up oil imports from Russia, US in June”

Source : PTI | Heavy vehicles descending the Bhor Ghat section of the Mumbai-Pune Expressway might soon move down the slope a bit faster, with authorities considering an increase in the existing speed limits, officials and transporters have said.

Deliberations are underway to raise the speed limit for heavy vehicles like trucks and buses from the current 40 kmph to 45-50 kmph on the downward incline of the Pune-Mumbai arm, also known as the Khandala Ghat. A decision is likely to be taken soon, they said. Continue reading “Speed limit likely to rise for heavy vehicles on Mumbai-Pune Expressway’s ghat stretch”

(Reuters) – Electric car maker Tesla started a trial of its long-awaited robotaxi service in Austin, Texas, on Sunday, the first step toward what could be a showdown with Alphabet’s (GOOGL.O) Waymo, the only player currently offering fully autonomous paid rides in the United States.

Tesla Chief Executive Elon Musk has started off with about 10 Model Ys and promised to focus on safety. He says Tesla could scale quickly, and he plans a separate robotaxi vehicle. Continue reading “How Tesla’s robotaxi efforts stack up against Waymo and Zoox”

LONDON, (Reuters) – Britain will aim to cut the electricity bills of thousands of companies under a new industrial strategy to be published on Monday, heeding calls from business to lower high energy costs that they say have damaged competitiveness and hindered growth.

Under an industrial strategy for the decade 2025-2035, the government plans to cut the bills of electricity-intensive manufacturers by up to 25% from 2027, a move it said could benefit more than 7,000 businesses. Continue reading “Britain to cut companies’ energy bills in new industrial strategy”

Summary

• Musk emphasizes safety, limits robotaxi operations to specific conditions
• Republican Texas governor signs bill regulating autonomous vehicles
• Law does not take effect until September
• About 10 cars carry invited riders in limited area, with no one behind wheel

AUSTIN, (Reuters) – Tesla deployed a small group of self-driving taxis picking up paying passengers on Sunday in Austin, Texas, with CEO Elon Musk announcing the “robotaxi launch” and social-media influencers posting videos of their first rides. Continue reading “Tesla rolls out robotaxis in Texas test”

PARIS, (Reuters) – With Chinese automakers pushing into Europe, Stellantis and Renault are lobbying for a new, less-regulated category of small cars with fewer safety features, making them cheaper to build.

Over the last two months, Stellantis Chairman John Elkann and Renault CEO Luca de Meo have engaged in a rare public campaign to get the European Union to consider the matter. Continue reading “Fearing China’s small car rivals, Stellantis, Renault lobby EU for fewer rules”

(Reuters) – Tesla is expected to tiptoe into its long-awaited robotaxi service in Austin, Texas, as soon as Sunday with about 10 of its Model Y SUVs that will operate within strict limits. CEO Elon Musk has said the company is being “super paranoid” about safety and that humans will remotely monitor the fleet.

Remote access and control – known in the industry as “teleoperation” – is used in varying degrees by the handful of robotaxi startups operating around the globe. The technology has clear advantages and important limitations. Continue reading “How is Tesla expected to remotely control its robotaxis, and what are its limitations?”

(Reuters) – Japanese carmaker Toyota Motor Corp will raise prices of some vehicles it sells in the U.S. by more than $200 from July, Bloomberg News reported on Friday.

Some Toyota- and Lexus-branded models will have their prices increased by an average of $270 and $208, respectively, the report said, citing Nobu Sunaga, a spokesman for the company. Continue reading “Toyota to raise US auto prices by more than $200 from July, Bloomberg News reports”

Summary

• Stellantis hired McKinsey in early April
• Stellantis spokesperson says Maserati is not for sale
• Analysts urge streamlined brand portfolio for better profit margins

MILAN, (Reuters) – Stellantis is considering a possible sale of its struggling luxury Maserati unit, among other options, two sources with knowledge of the matter said, as the automaker seeks to overhaul its sprawling portfolio of 14 brands. Continue reading “Jeep maker Stellantis weighs sale among options for Maserati”