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”

Summary

• Q3 operating loss 966 million euros
• Analysts had forecast a 611 million euro loss
• CFO warns ‘large-scale’ solutions needed in labour talks
• Sees around 700 million euro hit from US tariffs in 2025
• 2025 dividend to be ‘significantly’ below 2024 level

BERLIN/FRANKFURT, (Reuters) – Porsche swung to a bigger-than-expected operating loss in the third quarter, it said on Friday, plunging the German sports carmaker deeper into crisis as it slows a shift to electric vehicles and battles to stem sinking sales in top market China.

The news highlights how the automaker, pitched as the epitome of German engineering prowess when it went public in 2022, has been thrown off course in recent months, most notably by U.S. import tariffs and a relentless price war in China. Continue reading “Crisis-hit Porsche plunges to $1.1 billion quarterly loss”

(Reuters) – The National Highway Traffic Safety Administration said on Friday it is seeking information from Tesla about a new driver assistance mode dubbed “Mad Max” that operates at higher speeds than other versions.

Some drivers on social media report that Tesla vehicles using the more aggressive version of its Full Self-Driving system could operate above posted speed limits. Continue reading “US agency asks Tesla about ‘Mad Max’ driver assistance mode”

HMIF, Gurugram Traffic Police along with IRTE all set to revolutionise traffic management systems at 24 intersections across the millennium city

New Delhi/ Gurugram October 24, 2025 Hyundai Motor India Foundation (HMIF) along with Gurugram Traffic police and Institute of Road Traffic Education (IRTE) along with related civic agencies are all set to revolutionise traffic management systems at 24 major intersections across the millennium city . Work at Two busiest intersections has already started . Continue reading “Hyundai Motor India Foundation (HMIF), Gurugram Traffic Police and IRTE Strengthen Partnership to Advance Road Safety through Forensic Engineering Audits in Gurugram”

Summary

• Q3 sales up 6.8% vs forecast 6.2% increase
• Boosted by new cars like Dacia SUV
• Pricing benefit weaker on tough comparison vs year ago

PARIS, (Reuters) – Renault Group beat forecasts with a 6.8% rise in third-quarter revenue on Thursday, as popular new models such as the Dacia Bigster and its financial services business offset a weaker commercial vehicle market.

However, the benefit from higher-priced new models – known as the product mix – declined from 3% in the first half of the year to less than 1%, the “only disappointment” from the results, Oddo BHF analysts said. Continue reading “Renault’s new Bigster SUV helps it beat third-quarter sales forecast”

SAN FRANCISCO, (Reuters) – Rivian has agreed to settle a 2022 class-action lawsuit by paying $250 million to some shareholders who had alleged the electric vehicle maker defrauded investors over vehicle prices when it went public, according to a court filing on Thursday.

The lawsuit claimed that Rivian during and after its blockbuster 2021 initial public offering concealed that it had underpriced its EVs, leading to unpopular price hikes later.

Rivian’s share price slid 39% over 10 days after the Irvine, California-based company on March 1, 2022 raised the R1S price to $84,500 from $70,000 and the R1T price to $79,500 from $67,500, angering customers on social media and elsewhere. Continue reading “Rivian agrees to pay $250 million to settle IPO fraud lawsuit”

Summary

• Fire at aluminum supplier’s factory weighs on results
• Ford lowers annual forecast to EBIT of $6.0 billion-$6.5 billion
• Company to add shifts to truck factories next year

DETROIT, (Reuters) – Ford Motor cut its profit guidance on Thursday, citing fallout from a fire at a critical aluminum supplier that will crimp production of some of its most lucrative vehicles through the end of the year.

A September fire at the Novelis factory in Oswego, New York that supplies material for F-150 trucks will cost the automaker about $1.5 billion to $2 billion before taxes and interest, Ford said, adding it expects to offset about $1 billion of that next year. Continue reading “Ford lowers annual guidance, citing fire at supplier’s aluminum plant”

(Reuters) – Canada has sharply reduced tariff-free import quotas for General Motors and Stellantis citing their decisions to scale back manufacturing in the country, the country’s Department of Finance said in a statement on Thursday.

GM’s annual remission quota is cut by 24.2%, and Stellantis’ by 50%, following their failure to meet commitments under Canada’s auto remission framework, the statement said. Continue reading “Canada caps how many US-made vehicles Stellantis and GM can import tariff-free”

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