(Reuters) – Ford Motor said Tuesday it believes its planned $3 billion Michigan electric vehicle battery plant, which is 60% complete, will qualify for production tax credits after a massive tax and budget bill revised the rules.

In May, Ford had sounded the alarm over the potential for the U.S. government to eliminate production tax credits that support the manufacturing of electric vehicle batteries using Chinese technology in the House version of legislation. Continue reading “Ford says Michigan EV battery plant ‘on track’ for production tax credits”

Summary

• China June car sales +18.6% y/y vs +13.9% y/y in May
• EV, PHEV sales quicken, but worrying signals emerge
• Exports pick up

BEIJING, (Reuters) – China’s car sales rose in June for the fifth straight month, but reports by some major electric vehicle makers of easing demand raised concerns about intensifying competition in the world’s largest auto market. Continue reading “China car sales jump in June but EV price war concerns intensify”

Summary

• Manheim Index shows largest annual increase since August 2022
• Trump’s tariffs led to early surge in new vehicle buying
• Fed officials cautious about inflation

(Reuters) – A gauge of U.S. used vehicle prices sold at wholesale auctions that proved predictive ahead of the inflation surge following the COVID pandemic is climbing again, last month notching its largest annual increase in nearly three years. Continue reading “US used car prices surge as tariffs drive market volatility”

Summary

• US imports of antimony oxides from Thailand, Mexico surge after China ban
• Shift in trade flows points to transshipment of minerals, experts say
• Antimony shipments to US by Chinese-owned Thai Unipet soared, shipping records show

BEIJING, (Reuters) – Unusually large quantities of antimony – a metal used in batteries, chips and flame retardants – have poured into the United States from Thailand and Mexico since China barred U.S. shipments last year, according to customs and shipping records, which show at least one Chinese-owned company is involved in the trade. Continue reading “How US buyers of critical minerals bypass China’s export ban”

TOKYO, (Reuters) – Nissan Motor has suspended production of three vehicle models for Canada at its Tennessee and Mississippi plants amid mutual tariffs imposed by the U.S. and Canada on auto exports, the Nikkei reported on Wednesday.

The production halt, which began in May, affects the Pathfinder and Murano SUVs made in Tennessee and the Frontier pickup trucks produced in Mississippi, the report said. Continue reading “Nissan has halted production of three models for Canada at two US plants, Nikkei reports”

Mr. Vikram Pawah to take charge as Chief Executive Officer of BMW Group Australia and New Zealand.

BMW Group India has announced a change in personnel at the helm with Mr. Hardeep Singh Brar being appointed as the President and Chief Executive Officer effective 1 September 2025.

Mr. Hardeep Singh Brar succeeds Mr. Vikram Pawah who is taking charge as Chief Executive Officer of BMW Group Australia and New Zealand. Continue reading “Mr. Hardeep Singh Brar appointed as President and Chief Executive Officer of BMW Group India”

Summary

• Tesla stock set to lose $80 billion in market valuation
• Investors raise concerns over Musk’s political involvement
• Board’s action over Musk’s role and priorities in focus

(Reuters) – Tesla shares fell nearly 8% on Monday after CEO Elon Musk’s plans to launch a new U.S. political party reignited concerns about his commitment to the company’s future as it struggles with declining sales.

Musk unveiled the ‘America Party’ over the weekend after a public dispute with President Donald Trump on the tax-cut and spending bill. Trump, once an ally of Musk, called the latest idea “ridiculous”. Continue reading “Tesla slides as Musk’s ‘America Party’ heightens investor worries”

(Reuters) – Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares on Monday after CEO Elon Musk’s plans to launch a new U.S. political party heightened concerns about his commitment to the company’s future.

The company’s shares slumped 7.5% in early trading after Musk’s political move, which followed an open feud with Donald Trump over the U.S. president’s tax-cut and spending bill. Continue reading “Tesla short sellers set to pocket about $1.4 billion in profits after stock slump”

SAO PAULO, (Reuters) – Brazil’s auto production fell 6.5% in June from the previous month, totaling 200,764 units, data released by automakers association Anfavea showed on Monday.

Auto sales in Latin America’s largest economy were down 5.7% in the month to 212,932 units, the group added. Continue reading “Brazil’s auto sales, production dip in June”

(Reuters) – Europe’s car industry could return to producing 16.8 million cars a year, equalling its post-2008 crisis peak, if the European Union maintains its 2035 clean cars target and implements policies to support the transition, a study published by campaign group Transport & Environment showed on Tuesday.

Conversely, deploying no industrial strategy and going back on the 2035 target that all new cars and vans sold in the EU no longer emit carbon dioxide could result in a loss of 1 million auto industry jobs and two-thirds of planned battery investments, T&E said in a statement. Continue reading “Abandoning EU’s 2035 zero-emission car target would risk 1 million jobs, study says”

(Reuters) – U.S. President Donald Trump’s tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.

Here is a timeline of the major developments:

February 1 – Trump imposes 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, demanding they curb the flow of fentanyl and illegal immigrants into the United States. Continue reading “How Trump’s trade war is upending the global economy”

Source : PTI | Delhi Chief Minister Rekha Gupta on Sunday said her government will urge the Supreme Court to allow uniform rules on overage vehicles in the national capital in line with those followed across the country.

Gupta’s remarks came after Delhi Lieutenant Governor V K Saxena wrote to her saying it is “irrational” to imagine that a 10-year-old diesel vehicle has reached its end of life in Delhi while remaining roadworthy and lawful in any other city under the same law. Continue reading “Delhi to urge SC for uniform policy on overage vehicles: CM Gupta”

Source : PTI | In a confrence held at New Delhi, Road safety experts on Monday made a case for dedicated lanes for two-wheelers and strict enforcement of laws to prevent accidents.

Speaking at a seminar on road safety, Institute of Road Traffic Education (IRTE) President Rohit Baluja said that the authorities should consider a separate ane for two-wheelers as it will ensure safety of drivers.

Continue reading “Road safety experts pitch for dedicated lanes for 2-wheelers”

Source : PTI | Companies involved in the sale of second-hand cars saw a rise in queries from customers during the first three days of the fuel ban on overage vehicles, with customers from other parts of the country inquiring about getting cars from Delhi at throwaway prices.

The ‘no fuel’ to end-of-life vehicles came into place on July 1. However, within three days, the Delhi government urged the Centre’s air quality panel to immediately suspend the directive and said it will make “all-out efforts” to resolve issues related to restrictions on the movement of end-of-life vehicles on city roads.

Continue reading “No fuel to overage vehicles rule spurs rise in queries for buying second-hand cars from Delhi”

Summary

• Thailand’s EV incentives face pressure from oversupply
• Neta’s sales in Thailand drop amid aggressive discounting and weak demand
• Neta’s downturn highlights spillover from China’s competitive auto sector

BANGKOK, (Reuters) – Hyper-competition in China’s electric vehicle sector is spilling over to its biggest market in Asia, Thailand, as smaller players struggle to compete with dominant BYD, putting ambitious local production plans at risk.

Neta, among the earliest Chinese EV brands to enter Thailand in 2022, is an example of a struggling automaker finding it difficult to meet the requirements of a demanding government incentive programme meant to boost Thai EV production. Continue reading “China’s intense EV rivalry tests Thailand’s local production goals”

Summary

• In his feud with Trump, Musk announces “America Party”
• Musk plans challenges to Republican incumbents
• Trump calls third party “ridiculous,” says US is built for two-party system
• Investment firm delays launch of Tesla ETF

WASHINGTON, (Reuters) – President Donald Trump on Sunday called Elon Musk’s plans to form a new political party “ridiculous,” launching new barbs at the tech billionaire and saying the Musk ally he once named to lead NASA would have presented a conflict of interest given Musk’s business interests in space. Continue reading “Trump calls Musk’s formation of new party “ridiculous” and criticizes his own NASA pick”

Summary

• Nissan’s credit downgraded to junk by major rating firms
• Firm launches $1 billion convertible bond
• Nissan’s cash flow margins weaker than peers, Fitch reports

SYDNEY/TOKYO, (Reuters) – Japan’s Nissan Motor plans to sell $4 billion worth of U.S. dollar- and euro-denominated senior unsecured bonds, showed a term sheet reviewed by Reuters on Monday.

The plan comes about a week after Reuters reported that Nissan has asked some suppliers to allow it to delay payments to free up short-term funds, highlighting its scramble to boost cash. Continue reading “Nissan Motor eyes $4 billion in bond sales, term sheet shows”

TOKYO, (Reuters) – Japan’s Nissan Motor is in talks to allow Taiwan’s Foxconn to use one of the automaker’s domestic factories to build electric vehicles, said two people familiar with the matter, a deal that could save the plant from closure.

Reuters reported in May that Nissan was considering closing its Oppama plant, in the port city of Yokosuka south of Tokyo. CEO Ivan Espinosa has announced sweeping restructuring plans aimed at turning around the struggling automaker, including closing seven of Nissan’s 17 factories globally and reducing its workforce by some 15%. Continue reading “Nissan considers Foxconn EV output to save Oppama from closure, sources say”

Source : PTI | Union Minister has unveiled an ambitious roadmap for next-generation mass mobility in the country, which includes electric rapid transport, hyperloop in urban areas and ropeways, cable buses and funicular railways in inaccessible terrains.

In an interview with PTI, the Union Minister of Road Transport and Highways said India’s transport sector is undergoing a major transition, with initiatives like tree bank, mobile-based driving tests, and flex-fuel engines by 11 leading automakers in the pipeline. Continue reading “Gadkari’s mega mobility plan: Hyperloop, electric buses, ropeways on fast track”

Source : PTI | Sales of electric motor cars grew multifold in June 2025 while passenger car sales (that run on internal combustion engines) declined amid weak consumer demand last month, the mobility bulletin of Shriram Finance said.

Truck rentals remained firm in June 2025 on the back of increased hiring by the private sector, the findings said. Continue reading “Sales of electric cars surge in June: Shriram mobility report”

Source : PTI | Prices of second-hand cars in the national capital have witnessed a sharp fall in recent days, with traders reporting a decline of 40 to 50 per cent, the Chamber of Trade and Industry (CTI) said on Friday.

CTI Chairman Brijesh Goyal said the market for overage vehicles in Delhi has been severely affected, with nearly 60 lakh vehicles impacted by the sudden downturn.

Continue reading “Second-hand car prices in Delhi drop due to restrictions on end-of-life vehicles, says trade body”

Summary

• Launch of new hybrid 500 expected in November
• Features 12 volt lithium battery
• Plans upgraded 500 EV in 2027 costing 20,000 euros

TURIN, Italy, (Reuters) – Fiat aims to manufacture over 100,000 units per year of its new hybrid 500 small car, a model parent Stellantis bets on to revive its ailing production in Italy, the brand’s head Olivier Francois said on Friday.

Stellantis, which was created in 2021 from the merger of Fiat Chrysler and France’s PSA-Peugeot, last year manufactured 475,000 vehicles in Italy, from over 751,000 in 2023, with car production in particular down 46% to its lowest since 1956. Continue reading “Stellantis bets on 17,000 euro hybrid Fiat 500 to revive ailing Italian output”

Source : PTI | IFC, a member of the World Bank Group, on Thursday committed Rs 460 crore to IndiGrid to build India’s largest standalone battery energy storage system project in Gujarat.

The project is designed to play a key role in supporting the state’s clean energy goals by enhancing grid stability and ensuring reliable power is available during peak demand, a joint statement said. Continue reading “IFC Invests ₹460 crore in India’s largest battery energy storage project in Gujarat”

Summary

• Air cargo demand from Asia to North America fell 10.7% in May, IATA reports
• Low-value e-commerce shipments from China to US fell 43% in May, Aevean estimates
• E-commerce platforms shift focus to Europe and Asia-Pacific, Rotate consultancy notes

SHANGHAI/SEOUL, (Reuters) – Air cargo shipment volume from Asia has declined by double digits since the U.S. cancelled a tax-free exemption for low-value packages from China early in May, trade groups and analysts said. Continue reading “End of tax-free loophole for low-value goods disrupts air shipments to US from China”

(Reuters) – Tesla’s new car sales in Britain grew 12% year-on-year in June, data from research group New AutoMotive showed on Friday, as the U.S. automaker started deliveries of its updated Model Y last month.

Overall, Britain’s new car registrations in June grew 12.8% from the prior year to 187,655 units, led by a 45.5% growth in battery electric vehicle sales, the data showed. Continue reading “Tesla’s UK sales rise 12% in June from a year ago, New AutoMotive data shows”

(Reuters) – It is the end of the line for U.S. electric vehicle tax credits.

Sweeping tax and budget legislation approved by Congress on Thursday means $7,500 tax credits for buying or leasing new electric vehicles will end on September 30, as well as a $4,000 used EV credit, that have helped juice green vehicle sales in recent years. Continue reading “US electric vehicle tax breaks will expire on Sept. 30”

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Mumbai: Volkswagen India is proud to announce the return of Volkswagen Autofest, the brand’s highly anticipated National Exchange Carnival. This annual event is designed to offer customers across the country an exceptional opportunity to upgrade their drive and experience the premium engineering of a Volkswagen. Continue reading “Volkswagen India announces the return of Autofest –The annual National Exchange Carnival”

(Reuters) – Tesla’s sales volume in Germany fell by 60% in June, the German road traffic agency KBA said on Tuesday, although sales of battery electric vehicles rose overall.

KBA said Tesla sold 1,860 cars in Germany in June, down 60% from a year earlier. The number of Teslas sold in the first half of 2025 dropped 58.2% to 8,890 units, compared with the same period last year. Continue reading “Tesla’s German car sales continue to fall in June”

SHENZHEN – In October 2023, Chinese automaker Chery ordered engineers and suppliers to travel on short notice to proving grounds in Zhaoyuan, Shandong Province.

Over a weekend, they planned an overhaul of the suspension and steering on the Chinese version of Chery’s Omoda 5 SUV for Europe, a key market in its global expansion. The problem: The car had been designed for China’s smooth streets and slower speeds. Now, it had to withstand Europe’s winding, bumpy roads. Continue reading “How China’s new auto giants left GM, VW and Tesla in the dust”

STOCKHOLM, (Reuters) – Polestar said on Thursday it would make its Polestar 7 SUV model at a Volvo Cars factory in Slovakia, as the EV maker shifts more production from China and tries to cut its exposure to heavy European and U.S. tariffs.

Polestar said the two Swedish companies, both controlled by China’s Geely (GEELY.UL) and its owner Li Shufu, had signed a memorandum of understanding and the new model would launch in 2028. Continue reading “Polestar to make new SUV in Europe from 2028”

COPENHAGEN, (Reuters) – Maersk estimates companies pay effective U.S. import tariffs of on average 21% relative to container load, the Danish shipping group said on Wednesday, less than half the rate before Washington paused its sweeping tariffs in April.

Maersk said in a regular global market update that at its peak, shortly after April 2 when President Donald Trump unveiled tariffs against nearly all U.S. trading partners, the average effective rate was 54%. Its estimate was based on the group’s container-weighted effective average tariff rate metric. Continue reading “Maersk estimates effective US tariffs average 21% currently”

BEIJING, (Reuters) – Chinese electric vehicle maker BYD’s Fangchengbao brand is offering a limited-time 20,000 yuan ($2,790.33) discount for the Huawei Qiankun Advanced Driving System package, Fangchengbao said in a social media post on Wednesday.

Buyers who place their orders in July would pay 12,000 yuan for the assisted driving system package, compared with the 32,000 yuan, one-time purchase price, the post said. Continue reading “BYD’s off-road brand Fangchengbao offers discount for Huawei assisted driving system”

BEIJING, (Reuters) – China’s Xiaomi will only consider selling cars outside China from 2027, Lei Jun, CEO of the smartphone turned electric vehicle maker, said during a livestream on Wednesday.

The company has to focus on its domestic market in the meantime given robust orders for its SU7 and YU7 cars, he said. Continue reading “Xiaomi to consider selling cars outside China from 2027, CEO says”

(Reuters) – Electric automaker Lucid on Wednesday reported a 38% rise in second-quarter deliveries, which, however, missed Wall Street expectations amid economic uncertainty.

Demand for Lucid’s pricier luxury EVs have been softer as consumers, pressured by high interest rates, shift towards cheaper hybrid and gasoline-powered cars. Continue reading “EV maker Lucid’s quarterly deliveries rise but miss estimates”

LONDON, (Reuters) – Chinese automaker Changan plans a European factory to support its future sales on the continent and is already weighing up possible locations for the plant, an executive told Reuters on Wednesday.

“We’re committed to being in Europe, making in Europe for Europe,” said Nic Thomas, Changan’s European head of marketing, sales and service, during a test drive of the automaker’s electric Deepal S07 SUV at an event outside London. “We’re working on local manufacturing solutions here.” Continue reading “China’s Changan plans European factory, executive says”

(Reuters) – Rivian Automotive reported a sharp fall in second-quarter deliveries on Wednesday, as demand for its electric vehicles takes a hit from stiff competition and tariff-driven economic uncertainty, sending its shares more than 2% lower.

Trade tariffs imposed by U.S. President Donald Trump have led to a surge in manufacturing costs for the sector, with carmakers scrambling to reorganize supply chains to mitigate the hit to their businesses. Continue reading “Rivian deliveries decline sharply as tariffs hit demand”