NEW YORK, (Reuters) – U.S. automakers General Motors and Ford will reroute affected shipments after a bridge collapse in the U.S. shuttered the Port of Baltimore, but the companies said on Tuesday the impact will be minimal.
“We expect the situation to have minimal impact to our operations. We are working to re-route any vehicle shipments to other ports,” GM said in a statement. Continue reading “GM, Ford will reroute Baltimore shipments after bridge collapse”
(Reuters) – Subaru is recalling 118,000 SUVs and sedans in the United States to address a faulty sensor that can prevent air bags from deploying in a crash, the National Highway Traffic Safety Administration (NHTSA) said on Wedne0sday.
The recall covers various 2020 through 2022 model year Outback and Legacy. Continue reading “Subaru recalls 118,000 US vehicles over faulty air bag sensors”
ORAGADAM, India, (Reuters) – Japan’s Nissan Motor will invest in Renault’s electric vehicle (EV) unit Ampere even after its listing plans fell through, while also evaluating its partnership with Honda Motor to further build its global EV expansion.
“We want to be a global (EV) player in the world,” Nissan CEO Makoto Uchida told reporters during a press briefing in the southern Indian city of Chennai on Wednesday, adding that the company wants to deepen its partnership with Renault, and through that, it’s presence in Europe. Continue reading “Nissan will invest in Renault’s Ampere in pursuit of global EV roadmap, CEO says”
Source : PTI | External Affairs Minister S Jaishankar on Saturday briefed Singapore’s business community about the strides taken by India in the field of manufacture of semiconductors and appealed to them to invest in this key sector in the country. Jaishankar spoke about how machines for the manufacture of semiconductors have started coming (to India) and also how India is progressing towards establishing the first three plants for this multi-billion dollar industry.
“There is a degree of purpose and seriousness as well as investment going into manufacturing that has not been seen for a long time,” the Minister told a 300-plus audience, mostly Singapore-based members of the business community. Continue reading “Jaishankar urges Singapore’s business community to invest in India’s semiconductor manufacturing sector”
Source : PTI | New Delhi: The Indian auto industry is gearing up to roll out an array of electric vehicle models over the next few years amid a renewed push by the government to encourage environment-friendly mobility solutions with the unveiling of a new policy. Mass market players like Maruti Suzuki, Hyundai, Mahindra & Mahindra and Tata Motors are lining up new models to cater to the demand across segments.
Mahindra & Mahindra CEO Automotive Sector Nalinikanth Gollagunta told PTI that starting January 2025, the company will be rolling out five new battery electric vehicles in the coming years. Continue reading “Auto players line up array of new EV models in coming years on govt push to green mobility”
Source : PTI | The Indian government’s push to boost domestic manufacturing of electric vehicles (EVs) may lead to large-scale entry of Chinese auto firms in the local market, a report by think tank GTRI said on Sunday. China’s automotive industry, buoyed by substantial state support, has grown rapidly in electric vehicle technology, making it a leading exporter of EVs and related components, the Global Trade Research Initiative (GTRI) said.
The renewed policy push to make India a hub for e-vehicle manufacturing and efforts of the private sector will lead to a sharp increase in dependence on auto component imports from China, the report said. Continue reading “India’s push for EVs may lead to large-scale entry of Chinese firms in domestic market: GTRI”
Source : PTI | Japanese auto major Nissan Motor Co Ltd plans to launch three all-new models in India by fiscal year 2026 and make the country a hub for exports under its new global business plan to drive value and strengthen competitiveness, according to a company statement.
Under the new plan, which is split into mid-term imperatives for fiscal years 2024 through 2026, and mid-long-term actions to be carried out through 2030, the company is targeting additional 10 lakh unit sales compared to fiscal year 2023. Continue reading “Nissan to launch 16 EVs in next three years globally, plans to make India a hub for exports”
DETROIT, (Reuters) – This was the year the auto industry’s race toward an all-electric future took a detour.
Heading into 2023, automakers were gearing up to invest $1.2 trillion by 2030 to move electric vehicles from niche products to mass-market models – many with batteries and software developed in-house, according to a Reuters analysis. Continue reading “In 2023, bold EV strategies took a punch from reality”
BANGKOK, (Reuters) – Japan’s Toyota plans to mass-produce a battery electric Hilux pickup truck by the end of 2025, the president of its Thailand unit said on Tuesday.
The announcement comes just a few days after the Thai government said that the rival Japanese automaker Isuzu Motors said it would manufacture its battery D-MAX pickup in Thailand by 2025. Continue reading “Toyota plans to mass produce battery Hilux pickup truck by 2025, official says”
(Reuters) – Battery recycler Li-Cycle plans to lay off 17% of its staff – including three senior executives – as it pares its ambitious global growth plans in order to save cash and focus on building a crucial processing facility in New York.
The cuts, announced on Tuesday, are a tacit acknowledgement by the Toronto-based company that its rapid growth in recent years – with facilities announced across North America, Europe and Asia – was unsustainable given the high costs and technical challenges associated with building what is essentially a new global market for electric vehicle battery recycling. Continue reading “Li-Cycle to cut 17% of staff amid battery recycling growing pains”
PARIS, (Reuters) – French automaker Renault is in advanced discussions with potential partners to extract and recycle lithium and other metals from used electric vehicle batteries, a company executive said, as it seeks to reuse more of the strategic raw materials.
While recycling car parts is increasingly common, Renault is aiming to be the first European automaker to also recycle batteries on an industrial scale. Continue reading “Renault in advanced talks with partners to recycle batteries, says executive”
(Reuters) – Electric carmaker Tesla will offer U.S. customers a month’s free trial of its driver-assist technology, Full Self-Driving (FSD), CEO Elon Musk said on Monday, as softening demand and price competition pressure the company’s sales and margins.
Musk has long touted the driver assistant software, priced at $12,000, as a potential profit generator for the company, but has fallen short of his promise of full autonomy for years, amid regulatory and legal scrutiny of Tesla’s safety and marketing. Continue reading “Tesla offers U.S. customers a month’s trial of its driver-assist technology”
BEIJING, (Reuters) – Chinese electric vehicle giant BYD reported an 18.6% rise in fourth-quarter profit on Tuesday, its slowest since the first quarter of 2022, as EV sales lost momentum in the world’s biggest auto market amid a brutal price war.
Net profit totalled 8.67 billion yuan ($1.20 billion) last quarter, with revenue up 15.1% at 180.04 billion yuan, according to BYD’s stock market filing. Continue reading “China EV giant BYD posts slowest quarterly profit growth in 2 years”
NEW YORK, (Reuters) – U.S. automakers General Motors and Ford will reroute affected shipments after a bridge collapse in the U.S. shuttered the Port of Baltimore, but the companies said on Tuesday the impact will be minimal.
“We expect the situation to have minimal impact to our operations. We are working to re-route any vehicle shipments to other ports,” GM said in a statement. Continue reading “GM, Ford will reroute Baltimore shipments after bridge collapse”
(Reuters) – Top executives of General Motors and Ford gave upbeat outlooks for the U.S. auto market and their profit plans on Tuesday, saying U.S. consumer demand remains strong.
GM Chief Financial Officer Paul Jacobson said auto sales in March were “looking really strong” after a strong February as GM incentives come down. Continue reading “GM, Ford are upbeat on ‘really strong’ US demand”
Tata Power, one of the leading players in the electric vehicle (EV) charging infrastructure, and Ayodhya Development Authority (ADA) have made Ayodhya EV ready by establishing EV Charging points in and around the city. This strategic partnership aims to accelerate the adoption of electric vehicles and promote sustainable transportation solutions.
These EV Charging points were unveiled in the presence of Mr. Gaurav Dayal, Commissioner of Ayodhya, and Mr. Ashwini Pandey, Vice Chairman of the Ayodhya Development Authority (ADA) at the Collectorate Office MLCP Parking in Ayodhya today. From Tata Power, Mr. Deepesh Nanda, CEO & MD – Tata Power Renewable Energy Limited, Mr. Virendra Goyal, Head Business Development (EV), and Mr. Ramkrishna Singh- Head- Business Operations (EV) were also present.
(Reuters) – Chrysler is recalling nearly 286,000 vehicles in the United States over a manufacturing defect that might cause the side curtain airbag inflators to rupture, the National Highway Traffic Safety Administration (NHTSA) said on Friday.
The right and left side curtain airbag inflators may rupture in sharp metal fragments striking occupants, resulting in injury or death, the US regulator said.
The recall would affect certain 2018-2021 Dodge Charger and Chrysler 300 models. Continue reading “Chrysler to recall about 286,000 US vehicles over airbag inflator issue, NHTSA says”
Source : PTI | Automobile manufacturer Renault Nissan Automotive India Pvt Ltd on Friday said it has received Platinum category recognition for its efforts on water conservation from internationally accredited body DQS. Germany-headquartered DQS is an internationally accredited ISO certification agency specialising in audits, assessments and training across the globe.
The firm conducted a rigorous audit at RNAIPL factory in February 2024, the company said in release issued on World Water Day today, The certification marks the success of Renault Nissan Automotive India Pvt Ltd (RNAIPL) in implementing a comprehensive strategy to reduce the Chennai manufacturing facility’s water footprint through extensive rainwater harvesting and recycling of wastewater, among other steps.
Source : PTI | The government has allowed Abu Dhabi National Oil Company (Adnoc) to export crude oil it has stored in underground strategic storages at Mangalore to give operational flexibility to the foreign firm, an order of the Ministry of Commerce and Industry said on Saturday. At present, crude oil, which is the raw material for producing fuels like petrol and diesel, is not allowed to be exported except through the state-owned Indian Oil Corporation (IOC).
In an order, the ministry said the condition of export being allowed only through IOC will continue, but “AMI (Adnoc Marketing International (India) RSC Limited India) is exempted from STE conditions and is allowed to re-export crude oil from their commercial stockpile at Mangalore strategic petroleum reserve, at their own cost”.
Continue reading “Government allows UAE’s Adnoc to export oil from Indian strategic storage”
WASHINGTON, (Reuters) – The Biden administration says its recent decision to scale back new climate regulations meant to force emissions cuts from cars and power plants will have a negligible impact on its overarching goal to halve greenhouse gas pollution this decade.
But whether that is true hinges on whether the U.S. succeeds in its parallel strategy – to use lucrative taxpayer subsidies to fuel a massive deployment of solar, wind and other renewable energy installations that Biden hopes will ultimately power America’s fleet of electric vehicles, along with its homes and businesses, according to researchers. Continue reading “Biden’s softer climate regulation shows big US bet on subsidies to decarbonize”
(Reuters) – Tesla has reduced its car production at its plant in China, Bloomberg News reported, on Friday, as the U.S. electric vehicle-maker grapples with slow demand and strong competition in the market.
The company earlier in March told employees at its Shanghai factory to lower output of both the Model Y sport utility vehicle and Model 3 sedan — the two types it makes in China — by working five days a week instead of the usual 6-1/2 days, the report said, citing people familiar with the matter. Continue reading “Tesla trims output of cars in China amid slower EV sales growth, Bloomberg reports”
(Reuters) – Ex-Lordstown Motors Corp CEO Stephen Burns settled with the U.S. Securities and Exchange Commission on Friday over his statements about demand for the electric vehicle maker’s flagship truck, the Endurance.
The SEC said in the lawsuit filed in federal court in Washington that Burns misrepresented preorders Lordstown had received for its full-size electric pickup truck around the time it went public in the fall of 2020. Continue reading “Ex-Lordstown Motors CEO settles with SEC over statements”
MILAN, (Reuters) – Chery Auto will start selling Omoda and Jaecoo brand cars in Italy in the third quarter, its Italian country manager said, making it the Chinese group’s second European market.
By the end of 2025, Chery plans three SUV models each for the Omoda and Jaecoo brands with a mixture of fuel types to serve different parts of Europe. Continue reading “China’s Chery plans to start selling cars in Italy later in 2024”
(Reuters) – Leapmotor electric vehicles (EVs) will be built at partner Stellantis’ Tychy plant in Poland, two people close to the matter told Reuters on Friday, making it one of the first Chinese automakers to start production in Europe.
Output of Leapmotor’s T03 small EV car could start before the end of June, using the semi-knocked down (SKD) technique involving turning partially assembled kits into finished vehicles, one of the people said. Continue reading “Exclusive: China’s Leapmotor to build EVs at Stellantis’ Polish plant, sources say”
(Reuters) – Chrysler is recalling nearly 286,000 vehicles in the United States over a manufacturing defect that might cause the side curtain airbag inflators to rupture, the National Highway Traffic Safety Administration (NHTSA) said on Friday.
The right and left side curtain airbag inflators may rupture in sharp metal fragments striking occupants, resulting in injury or death, the US regulator said. Continue reading “Chrysler to recall about 286,000 US vehicles over airbag inflator issue, NHTSA says”
(Reuters) – British luxury carmaker Aston Martin on Friday named Bentley head Adrian Hallmark as its new CEO to replace Amedeo Felisa, in the latest management shake-up under chairman and top shareholder Lawrence Stroll.
Hallmark will become the third CEO of Aston Martin since Stroll took over the carmaker in 2020 with a more than 20% stake acquisition. Continue reading “Aston Martin names Bentley’s Adrian Hallmark as next CEO”
Source : PTI | Naveen Jindal, Chairman of Jindal Steel and Power on Thursday assumed the charge as the President of Indian Steel Association with immediate effect. In a statement, the Indian Steel Association (ISA) said that Naveen Jindal assumed the role of President, succeeding Dilip Oommen, Chief Executive Officer (CEO) of AMNS India, effective March 21. Continue reading “Naveen Jindal takes charge as President of Indian Steel Association”
Source : PTI | India is looking at Africa for minerals, including cobalt, and other critical minerals, Mines Secretary V L Kantha Rao said on Friday. The country is still engaging with Australia for lithium blocks, he said.
Talking to reporters on the sidelines of a function here, the secretary said, “In Africa, we are looking at Zambia, Namibia, Congo, Ghana and Mozambique for critical minerals.” Continue reading “India looking at Africa for critical minerals, says mines secretary”
Source : PTI | Bajaj Auto is developing a portfolio of clean fuel CNG motorcycles, and the first such bike will hit the market in June, Bajaj Auto Managing Director Rajiv Bajaj said here on Friday. The bike will run on CNG and would hit the roads in June, he said while announcing Bajaj Group commitment of INR 5,000 crore towards Corporate Social Responsibility (CSR) spent over the next 5 years. Continue reading “Bajaj Auto working on CNG bike, to hit road in June”
Source : PTI | Automobile manufacturer Renault Nissan Automotive India Pvt Ltd on Friday said it has received Platinum category recognition for its efforts on water conservation from internationally accredited body DQS. Germany-headquartered DQS is an internationally accredited ISO certification agency specialising in audits, assessments and training across the globe. Continue reading “Renault-Nissan Automotive India secures recognition from DQS for water conservation efforts”
Source : PTI | Mining conglomerate Vedanta Ltd has a pipeline of more than 50 active projects and expansions to drive growth, which is expected to generate incremental revenue of over USD 6 billion and incremental USD 2.5-3 billion of annual EBITDA upon completion, a top company executive said at an investor event. These growth initiatives, which the company categorises into the ‘Discovery’ stage, ‘Concept’ stage and ‘Execution’ stage, are spread out across all Vedanta’s business segments – aluminium, zinc, base metals, steel, copper and power. Continue reading “Vedanta says projects pipeline in place to add USD 6 bn to topline, USD 2.5-3 bn to EBIDTA”
INDIA
Exciting Times Ahead for VW India | Company Unveils New Product Offerings for the Indian market WAF
And the Official Mobility Partner at Startup Mahakumbh is… WAF
JSW MG Motor India to expand annual capacity from 1 lakh to 3 lakh. Here’s how HTAuto Continue reading “WAF Auto News | The Auto World This Week (22nd March 2024)”
(Reuters) – U.S. new vehicle sales are expected to rise 12.1% in March, fueled by strong demand and vehicle availability, according to a joint report by industry consultants J.D. Power and GlobalData on Thursday.
While demand for personal transport has remained resilient, inventory levels have been rising as supply chain issues faced by automakers normalize. Continue reading “US new vehicles sales set to rise in March, report shows”
(Reuters) – Nielsen and Lyft have signed an agreement to measure advertisements on the ride-hailing company’s mobile app, the data analytics firm said on Thursday.
Measuring ad performance helps advertisers inform and improve marketing campaigns and quantify their impact.
Lyft announced in August last year that it will display ads on its app , looking to create a more stable source of revenue. Continue reading “Lyft inks deal with Nielsen to measure in-app ads”
At the forefront of innovation, Volkswagen India’s Annual Brand Media Conference 2024 witnessed a momentous occasion as the company unveiled its latest offerings tailored specifically for the discerning Indian market.
The new iterations included:
– The Taigun GT Plus Sport
– The Taigun GT Line
– The Virtus GT Plus Sport (concept)
These new iterations are set to redefine the automotive landscape with their unique blend of style and performance.
Summary
(Reuters) – BMW said on Thursday it was targeting 2024 automotive profit margins broadly in line with last year and expected a slight increase in car sales, as spending on launching electric vehicles across its model line-up peaks this year. Continue reading “BMW targets steady 2024 margins as electric spending peaks”
BANGKOK, (Reuters) – Japanese automaker Isuzu Motors plans to use Thailand as a production base for an electric version of its D-MAX pickup truck, with a plan to start exports next year, a Thai government spokesperson said on Thursday.
Chai Wacharonke said the firm plans to invest 1 trillion yen ($6.62 billion) in research and development by 2030, including in a testing centre. Continue reading “Japan’s Isuzu Motors to produce EV pickup trucks in Thailand”
(Reuters) – Hyundai Motor America and Kia America are recalling a combined 147,100 U.S. vehicles over a damaged charging unit, the National Highway Traffic Safety Administration (NHTSA) said on Thursday.
Hyundai will recall 98,878 vehicles, affecting certain Ioniq and Genesis models, while Kia will recall 48,232 vehicles impacting certain EV6 models. Continue reading “Hyundai, Kia to recall US vehicles over damaged charging unit, NHTSA says”
Source : PTI | Mahindra & Mahindra on Thursday said it has tied up with a unit of Adani Total Gas to establish electric vehicle charging infrastructure across the country. The auto major and Adani Total Energies E-Mobility Ltd (ATEL) have inked a memorandum of understanding (MoU) in this regard.
The MoU sets a roadmap for the creation of an expansive EV charging infrastructure across the country, it added. Continue reading “M&M, Adani Total Energies join hands to set up EV charging infra”
