FRANKFURT, (Reuters) – Volkswagen Group plans to invest 160 billion euros ($186 billion) through 2030, its CEO Oliver Blume said, reflecting belt-tightening as Europe’s top automaker faces a major crisis in its two key markets, China and the United States.

Total spending, updated annually as part of Volkswagen’s rolling five-year investment plan, compares with 165 billion euros for the 2025-2029 period and 180 billion for 2024-2028, with 2024 marking a peak. Continue reading “Volkswagen to invest $186 billion through 2030, CEO says”

Source : PTI | Union Minister Nitin Gadkari on Thursday said the current system of toll collection will come to an end within a year, replaced by an electronic system that will ensure a seamless experience for motorists on highways.

The new system has been rolled out in 10 places and will be extended across the country within a year, the Union minister of road transport and highways said in the Lok Sabha during Question Hour. Continue reading “New barrier-free highway toll collection system to be in place within a year: Gadkari”

WASHINGTON, Dec 4 (Reuters) – A U.S. agency said on Thursday it has asked Waymo to answer more questions after Texas officials said the Alphabet (GOOGL.O),  unit’s self-driving vehicles had illegally passed school buses 19 times in recorded incidents since the start of the school year.

The National Highway Traffic Safety Administration opened a probe in October after an incident in Georgia in which a Waymo car did not remain stationary when approaching a school bus with its red lights flashing and stop arm deployed. Continue reading “US probes reports Waymo self-driving cars illegally passed school buses 19 times in Texas”

WASHINGTON, (Reuters) – Alphabet (GOOGL.O), unit Waymo said Friday it would issue a recall for its self-driving vehicles after Texas officials said they illegally passed school buses at least 19 times since the start of the school year.

The National Highway Traffic Safety Administration, which opened a probe in October into Waymo vehicles near school buses, had asked the self-driving car company on Wednesday to answer questions about the Texas incidents by January 20. Continue reading “Waymo to issue recall over self-driving vehicles driving past stopped school buses”

(Reuters) – Ford (F.N), has recalled 108,762 vehicles in the U.S. over issues with an improperly secured liftgate hinge cover that could detach from the vehicles, the National Highway Traffic Safety Administration (NHTSA) said on Friday.

The recall covers certain 2020–2022 Escape and 2025 Escape models. Dealers will inspect and reinstall or replace any missing liftgate hinge covers as needed, free of charge, the regulator said. Continue reading “Ford recalls nearly 109,000 vehicles, NHTSA says”

Source : PTI | Amid air pollution in Delhi, Road Transport and Highways Minister Nitin Gadkari on Thursday said the central government is giving priority to alternative fuels, and he has started using Toyota’s ‘Mirai’ hydrogen fuel-cell car.

“The futuristic fuel is hydrogen.. I have also got a car, which is hydrogen, and the car is from Toyota … It gives the same comfort as Mercedes. The name of the car is Mirai, which is a Japanese word meaning future,” Gadkari said during Question Hour in the Lok Sabha. Continue reading “Nitin Gadkari says using Toyota’s ‘Mirai’ car running on futuristic hydrogen fuel”

STOCKHOLM, (Reuters) – Tesla (TSLA.O), launched the new, lower-priced version of its Model 3 car in Europe on Friday, a few months after releasing it in the United States, the company’s website showed.

The new Model 3 Standard is aimed at reinvigorating demand, the electric vehicle maker has said. Continue reading “Tesla launches low-cost Model 3 variant in Europe”

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BRUSSELS, (Reuters) – The European Commission has started a review of the anti-subsidy tariffs on Volkswagen’s (VOWG.DE), electric vehicles built in China, which could lead to them being replaced with a minimum price undertaking, the EU official journal said on Thursday.

The Commission, which set tariffs on China-built EVs in October 2024, said it had received an offer of an undertaking from VW Anhui and its review would assess whether it was acceptable and practical. Continue reading “EU reviews removing tariffs on VW EVs built in China”

(Reuters) – Chrysler parent Stellantis (STLAM.MI), opens new tab is recalling 72,509 Ram vehicles in the U.S. due to a software glitch in the instrument panel display that is causing it to go blank, the U.S. National Highway Traffic Safety Administration said citing a release submitted to the regulator on Monday. Continue reading “Stellantis to recall 72,509 US vehicles over software glitch, NHTSA says”

New Delhi : The Society of Indian Automobile Manufacturers (SIAM) today concluded the week-long 11^th Safe Mobility Inter-School Road Safety Competition and its Annual Teachers’ Meet, reinforcing its commitment to promoting road safety awareness among students and educators. Continue reading “SIAM Concludes 11th Safe Mobility Inter-School Competition and Annual Teachers’ Meet on Road Safety Education”

Source : PTI | Auto components supplier ZF Commercial Vehicle Control Systems India has secured a mandate from an e-mobility commercial vehicle manufacturer to develop and calibrate an Advanced Driver Assistance Systems (ADAS) suite tailored to the upcoming Indian safety regulation, the company said on Wednesday.

The mandate includes key ADAS components and systems designed for coaches, heavy-duty trucks, and tractor-trailers, ensuring robust performance across diverse commercial vehicle platforms, the Indian subsidiary of the German parts supplier said. Continue reading “Systems India secures mandate from e-mobility commercial vehicle maker for ADAS suite”

(Reuters) – Michelin (MICP.PA), Forvia (FRVIA.PA), and Stellantis (STLAM.MI), reached an agreement over the restructuring and refinancing of hydrogen fuel cell firm Symbio, the jointly owned company said on Wednesday.

The future of the joint venture has been uncertain since carmaker Stellantis, which accounted for 80% of Symbio’s business volume, discontinued its hydrogen fuel cell technology programme in July. Continue reading “Michelin, Forvia and Stellantis agree on Symbio restructuring plan”

SAN FRANCISCO, (Reuters) – Shares of Aeva Technologies (AEVA.O), a Silicon Valley-based maker of lidar units that help autonomous vehicles sense their surroundings, rose more than 18% in midday trading on Wednesday after the company announced an exclusive deal to supply a European maker of passenger vehicles.

Aeva did not name the automaker, but analysts at Morgan Stanley and Canaccord Genuity last month said in research notes they believe the customer is Mercedes-Benz (MBGn.DE). Continue reading “Aeva shares soar after deal with European automaker”

Summary

• NHTSA to propose reducing fuel economy requirements for 2022-2031 vehicles
• Ford CEO supports aligning standards with market realities
• Environmental group criticizes rollback for increasing costs at the pump

WASHINGTON, (Reuters) – President Donald Trump on Wednesday proposed slashing fuel economy standards that former President Joe Biden had finalized last year, in a push to make it easier for automakers to sell gasoline-powered cars. Continue reading “Trump proposes slashing fuel economy rules in boost for gas vehicles”

(Reuters) – Sweden-based Volvo Cars (VOLCARb.ST), on Wednesday reported a slump in November sales, continuing a decline this year amid pressure from trade tariffs and subdued demand in the United States.

Volvo Cars, which is majority-owned by China’s Geely Holding (GEELY.UL), said in a statement it sold 60,244 cars in November, a 10% drop from a year earlier, taking its year-to-date volume decline to 8%. Continue reading “Volvo Cars sales fall 10% in November, says US market subdued”

Marelli, a global mobility technology supplier to the automotive sector, unveiled today its new solution for Intelligent Energy Management for hybrid and electric vehicles at CTI Europe 2025, in Berlin (Germany). The system is modular, and it’s based on a proprietary software which can be integrated with vehicle and zonal control units and thermal components. This solution enables seamless coordination across the vehicle’s three main energy domains: thermal, propulsion and electronics.

This holistic approach to vehicle energy optimization maximizes efficiency across all vehicle systems, delivering enhanced battery range, optimized fast charging and improved longevity, all while maintaining superior cabin comfort and operational reliability. Marelli’s new Intelligent Energy Management system is aimed at advancing both hybrid and electric propulsion solutions, as well as Software-Defined Vehicle (SDV) technologies. Continue reading “Marelli unveils Intelligent Energy Management technology for hybrid and electric vehicles at Berlin CTI Symposium 2025”

• Shri Nitin Gadkari, Hon’ble Minister of Road Transport and Highways presented the Bharat New Car Assessment Program (Bharat NCAP) certificate to Maruti Suzuki
• e VITARA becomes India’s first 5-star Bharat NCAP rated electric SUV equipped with standard 7 airbags (including driver’s knee airbag) across all variants
• Equipped with advanced safety features – Level 2 ADAS, ^#ESP^®, Hill Hold Control, ABS with EBD and Brake Assist, Multi-Collision Braking, etc
• The certification marks Maruti Suzuki’s fourth consecutive 5-star rating under Bharat NCAP

New Delhi : Maruti Suzuki India Limited (“Maruti Suzuki”) was presented with a comprehensive 5-star Bharat NCAP safety rating for its e VITARA – India’s First Global EV, by Shri Nitin Gadkari. The e VITARA voluntarily submitted for Bharat NCAP assessment strengthens the Company’s 5 star Bharat NCAP-rated vehicle portfolio, alongside All-New Dzire, VICTORIS and INVICTO. Continue reading “India’s First Global EV, Maruti Suzuki e VITARA receives 5-star Bharat NCAP safety rating”

• Maruti Suzuki announces a robust electric vehicle eco-system with a comprehensive end-to-end digital platform for EV charging needs, including home charging and public charging with an integrated payment journey.
• As a part of a historic move, Maruti Suzuki has signed collaboration agreements with 13 leading Charge Point Operators (CPOs) and aggregators to provide seamless charging experiences on a single platform.
• 2000+ exclusive Maruti Suzuki Charging Points accessible across nationwide dealer network. Customers’ charging needs are further supported by an extensive partner-operated pan-India charging network.
• Maruti Suzuki will work with its partners to enable 1,00,000+ Public Charging Points by 2030
• To demonstrate the unparalleled EV charging network, four e VITARAs were flagged off from Gurugram in all four directions – Srinagar up North, Kanyakumari in the South, Bhuj at the western edge of India and Dibrugarh in the eastern part of the country, as a part of the ‘e drive’.
• Rigorously tested from ‘Sand to Snow’ over an extreme temperature spectrum of 60^°C to -30^°C, e VITARA has performed consistently, delivering a driving range of 543km^*.

New Delhi : Maruti Suzuki India Limited (Maruti Suzuki) announces a historic signing of collaboration agreements with 13 Charge Point Operators (CPOs) and aggregators. Mr. Hisashi Takeuchi, Managing Director & CEO, and Mr. Partho Banerjee, Senior Executive Officer, Marketing & Sales, from Maruti Suzuki India Limited, and other senior dignitaries from CPOs. Continue reading “India Goes Electric with Maruti Suzuki. One India, One EV Charging platform.”

Continue reading “Stories on Momenta filing for Hong Kong IPO withdrawn”

BEIJING (Reuters) – Tesla’s (TSLA.O), China-made electric vehicle sales rose 9.9% in November from a year earlier, as the U.S. automaker grapples with intense competition in China and Europe.

Sales of Model 3 and Model Y vehicles made at Tesla’s Shanghai factory, including exports to Europe and other markets, were up 41.0% from October, data from the China Passenger Car Association showed on Tuesday. Continue reading “Tesla’s China-made EV sales rise 9.9% in November”

BERLIN, (Reuters) – German carmaker BMW (BMWG.DE), aims to cut its CO2 equivalent emissions by at least 60 million metric tons by 2035 from 2019 levels, it said on Tuesday, setting new mid-term goals within the longer-term target of achieving net zero by 2050.

The new goal, which applies to all drive variants across a vehicle’s life cycle, represents an additional reduction of about 20 million tons of CO2E beyond its existing target for 2030, it said. Continue reading “BMW sets new mid-term climate goal”

(Reuters) – Ford Motor Co (F.N), opens new tab and Hyundai Motor (005380.KS), on Tuesday reported marginal declines in U.S. auto sales in November, as sales of electric vehicles fizzled following the end of tax credits.

Demand for electric vehicles has taken a hit after Republican U.S. President Donald Trump’s tax and spending bill ended the $7,500 tax credits for new EV purchases in October. Continue reading “Ford, Hyundai US sales down slightly in November as EVs drag”

Summary

• Citi’s lead was stored with Grafton under a rent deal, sources
• Grafton was recently bought by Trafigura
• Citi looking at Taiwan and Malaysia

LONDON – Citigroup will move most of its lead stocks from Singapore to Malaysia or Taiwan at an estimated cost of $5 million due to limited storage space and a lack of lucrative rent deals, three sources said, three sources familiar with the matter said. Continue reading “Citigroup faces $5 million bill to transport its lead from Singapore, sources say”

Summary

• USPS received $3 billion from Congress for EVs and infrastructure
• USPS purchased 8,700 Ford E-Transit vehicles, 2,010 in service
• Senate Republicans blocked from forcing USPS to scrap EVs and charging equipment

WASHINGTON – The U.S. Postal Service is currently using more than 2,600 electric vehicles for mail deliveries, the agency said in a letter to Congress reviewed by Reuters on Tuesday. Continue reading “US Postal Service using 2,600 EVs for mail deliveries”

Source : PTI | New Delhi, The Artificial Limbs Manufacturing Corporation of India (ALIMCO) on Sunday marked its 53rd Foundation Day with a brand revamp and the launch of two new assistive mobility products aimed at expanding accessible transportation for persons with disabilities.

A public sector undertaking under the Department of Empowerment of Persons with Disabilities,ALIMCO produces various kinds of assistive devices to serve all types of disabilities across the country. Continue reading “ALIMCO launches e-scooter, motorised wheelchair add-on on 53rd Foundation Day”

Source : PTI | India’s consumption of diesel – the most used auto fuel – soared to a six-month high in November as the festival season and GST rate cut spurred the wheels of the economy, according to preliminary industry data.

Sales of diesel – the most consumed fuel in the country, accounting for almost 40 per cent of the fuel consumption basket – rose 4.7 per cent to 8.55 million tonnes in November, its best showing since May 2025, data from the Oil Ministry’s Petroleum Planning and Analysis Cell (PPAC) showed. Continue reading “Diesel sales soar to six-month high in November, petrol consumption rises on festive demand”

(Reuters) – U.S. Commerce Secretary Howard Lutnick on Monday confirmed that the general tariff rate on imports from South Korea, including on autos, would drop to 15% retroactive to November 1 because South Korea has introduced legislation in parliament to implement the country’s strategic U.S. investment commitments.

In a statement posted on X, Lutnick said that the move unlocks the “full benefit” of South Korea’s trade deal with President Donald Trump. Continue reading “US Commerce chief confirms South Korea’s 15% tariff rate retroactive to November 1”

SAN FRANCISCO, (Reuters) – Nvidia on Monday released new open-source software aimed at speeding up the development of self-driving cars using some of the newest “reasoning” techniques in artificial intelligence.

Nvidia has risen to become the world’s most valuable company as its chips have become central to the development of AI. But the company also maintains a broad software research arm that releases open-source AI code that others, such as Palantir Technologies, can adopt. Continue reading “Nvidia releases open-source software for self-driving car development”

(Reuters) – “The Big Short” investor Michael Burry took aim at electric automaker Tesla (TSLA.O), in a blog post, saying the Elon Musk-led company is “ridiculously overvalued”, days after he voiced concerns about the current AI boom.

Burry estimated that Tesla dilutes its shareholders at about 3.6% per year with no buybacks, and Musk’s record-breaking pay package will continue the dilution. Continue reading “‘Big Short’ investor Burry targets Tesla after slamming AI valuations”

Source : PTI | India needs to deploy public capital strategically to bridge the financing gap for green steel projects which are technically proven but still considered risky for private finance, and to avoid carbon lock-in from its planned capacity expansion, the Institute for Energy Economics and Financial Analysis (IEEFA) said.

Carbon lock-in refers to the inertia in fossil fuel-intensive systems that prevents or delays the transition to lower-carbon alternatives. Continue reading “India needs targeted public finance to scale green steel, avoid carbon lock-in: IEEFA”

Source : PTI | Prime Minister Narendra Modi on Wednesday said the decision to establish an ecosystem to manufacture rare earths permanent magnets will reduce imports.

“A historic first for India’s high-tech manufacturing! The Union Cabinet has approved a scheme to establish India’s first integrated ecosystem for manufacturing Sintered Rare Earth Permanent Magnets (REPM), which are essential components in electric vehicles, wind turbines, defence systems and aerospace technologies,” Modi said in a post on X. Continue reading “Rare earths permanent magnets manufacturing to reduce imports: PM Modi”

Source : PTI | Fleet and logistics optimization platform Fleetx on Thursday announced the launch of an AI-powered solution specifically for commercial vehicles, which helps truck operators identify the safest, fastest and most cost-efficient routes for their vehicles.

The solution, Truckable Routes, uses insights generated from millions of real trips across more than 5 lakh connected commercial vehicles on the Fleetx platform, it said in a statement. Continue reading “Fleetx launches AI solutions for commercial vehicles”

Source : PTI | Researchers at MIT World Peace University (MIT-WPU), Pune, have claimed to have developed a new patented cooling system that can help electric vehicle batteries stay cooler, safer, and more efficient.

The hybrid cooling system, which was granted a patent under the Indian patent “System for Thermal Management of Battery of Vehicle”, is designed to improve both performance and safety. Continue reading “MIT-WPU researchers develop patented cooling system for safer EV batteries”