SEOUL, (Reuters) – South Korea will check with companies whether there were any human rights violations for Korean workers that were detained in the U.S., the presidential spokesperson said on Monday.
More than 300 South Korean workers made a dramatic return home on Friday after about a week of detention in a U.S. immigration detention facility. Continue reading “S.Korea will check for human rights violations for workers detained in US”
HONG KONG, (Reuters) – China’s BYD said on Monday it would actively respond to an industry initiative that fleshes out rules on automakers making timely payments to suppliers, joining others in complying with a government call against price wars.
The Chinese electric vehicle giant said it will focus on order confirmation, delivery and acceptance, payment and settlement, and contract duration among other key links in ensuring timely payments. Continue reading “China’s BYD says to ‘actively respond’ to supplier payment initiative”
(Reuters) – Tesla shares jumped 6% in early trading on Monday after CEO Elon Musk disclosed his purchase of about $1 billion worth of the electric vehicle-maker’s stock, in the latest vote of confidence from the billionaire in the company’s future.
The stock purchase – Musk’s first open-market buy since early 2020 – comes at a critical time for Tesla, as it races to hit its ambitious goals of transforming into an AI and robotics powerhouse while grappling with slowing car sales. Continue reading “Tesla gains as Musk’s $1 billion stock purchase reinforces confidence in EV maker”
New Delhi, India | The 12th World Auto Forum (WAF) Awards Ceremony concluded in New Delhi with a spectacular celebration of excellence, innovation, and leadership in the automotive and mobility industries. The event brought together global industry veterans, disruptors, and thought leaders, reaffirming WAF’s reputation as the most rigorous and transparent awards platform in the world of mobility. Continue reading “12th World Auto Forum Awards 2025: Honoring Excellence as Industry Leaders & Innovators Shine as WAF Stars”
New Delhi, Delhi, India | The pioneering AI Premier League powered by Bharat Ka AI 🇮🇳 was successfully inaugurated, an initiative aimed at advancing India’s sovereign artificial intelligence framework and accelerating the country’s leadership in AI innovation. The event brought together top technology leaders, policymakers, academia, startups, and corporate representatives to deliberate on the roadmap for a Full Stack Sovereign AI for India.
AI Premier League powered by Bharat Ka AI extends its sincere gratitude to the partners, whose invaluable support was key to the success of the event. Continue reading “Bharat Ka AI 🇮🇳 Inaugurated; AI Premier League Launched to Power India’s Sovereign AI Ambition”
Source : PTI | With the GST rate cuts expected to bring domestic sales back on a growth path, Hyundai Motor India Ltd is looking to ride on a ‘double engine’ drive of accelerated sales in the home market and continued momentum in exports, according to a top company official.
In the last six to eight months, when the domestic market was slightly sluggish, the company had pressed the accelerator on exports in contrast to the last few years when the focus was on meeting demand in India due to capacity constraints, Hyundai Motor India Ltd (HMIL) Whole-time Director and Chief Operating Officer Tarun Garg said in an interaction.
Continue reading “Hyundai looks at ‘double engine’ boost on growth post GST rate cut”
BERLIN, (Reuters) – U.S. electric carmaker Tesla plans to raise production at its German plant for the rest of the year due to strong sales, the head of the Gruenheide factory told Germany’s DPA news agency on Sunday.
“We currently have very good sales figures and have therefore revised our production plans for the third and fourth quarters upwards,” André Thierig, manager of the Gruenheide plant outside Berlin, told DPA. Continue reading “Tesla’s German plant plans to lift production, factory boss tells DPA news agency”
Summary
SEOUL, (Reuters) – South Korea’s top trade envoy, Yeo Han-koo, is heading to the United States on Monday for follow-up tariff negotiations, the trade ministry said, as the countries struggle to overcome obstacles to finalise a trade deal agreed in July.
Details of the broad trade agreement still need to be hammered out, especially around a $350 billion investment fund. Continue reading “South Korea’s top trade envoy heading to US amid stalled trade talks”
SHANGHAI, (Reuters) – China is targeting 32.3 million in vehicle sales in 2025, the country’s industry ministry said, below the 32.9 million units projected for the year by the China Association of Automobile Manufacturers (CAAM).
The target was part of a plan to support stable growth in the auto sector that China’s Ministry of Industry and Information Technology, along with seven other government agencies, issued on Friday. Continue reading “China sets 2025 auto sales target below association forecast, vows tighter regulation”
(Reuters) – Electric car rivals BYD and Tesla are set to be the biggest losers from Mexico’s proposed 50 percent tariff on autos imported from China, triggering a likely blow to the fast-growing electric car market in Mexico while sparing the traditional “Big Three” U.S. car manufacturers.
The proposed tariff, announced on Wednesday, targets electric and gasoline cars imported from all countries that Mexico doesn’t have a free trade agreement with, including South Korea, India, Indonesia and Russia. In practice, however, the tariff would mostly impact electric cars manufactured in China and sold in Mexico, industry analysts said. Continue reading “BYD and Tesla set to lose most from Mexico’s proposed tariffs on China”
(Reuters) – Members of the United Auto Workers union at GE Aerospace’s Evendale, Ohio, and Erlanger, Kentucky, facilities have reached a tentative agreement with the company, the union said on Friday.
Workers secured victories on all fronts – job security, health care costs, and time off, the UAW said in a statement on Saturday. It said GE will cover nearly all health care premium increases over the term of the contract and workers will receive additional vacation time. Continue reading “UAW workers reach tentative deal with GE Aerospace at Ohio, Kentucky plants”
New Delhi, Delhi, India | The inaugural Yellow Plate Dialogues (YPD), organized by World Auto Forum (WAF), brought together top fleet operators, policymakers, insurers, e-commerce leaders, IT corporates, auto OEMs, and dealer groups to shape the future of shared mobility in India.
Under the central theme, “Let’s Co-Create the Shared Vision for Shared Mobility,” the event became a melting pot of insights, strategies, and actionable solutions to transform India’s mobility ecosystem. Continue reading “Yellow Plate Dialogues by WAF : Driving India’s Shared Mobility Revolution”
Summary
Munich. The BMW Group today announced senior management changes in its Sales and Finance Divisions: Jean-Philippe Parain, who currently serves as Head of the Sales Region Asia-Pacific, Eastern Europe, Middle East and Africa for the BMW Group, will assume responsibility for the MINI brand as of 1 October 2025. Continue reading “BMW Group announces senior management changes in Sales and Finance Divisions”
Source : PTI | The government is preparing fiscal incentives to encourage domestic production of rare earth magnets in the face of recent disruptions caused in their supply, currently dominated by China, Union Minister H D Kumaraswamy said on Friday.
The minister for Heavy Industries and Steel also said a scheme is in the works to provide “targeted support” to the industry for its capital as well as operational expenditure, which would help bridge cost gaps, offer relief from high tariffs on key equipment and ensure continuity of supply in the face of rising global restrictions. Continue reading “Centre preparing incentives to encourage domestic production of rare earth magnets: Kumaraswamy”
(Reuters) – Transit technology maker Via Transportation was valued at $3.5 billion on Friday after its shares fell 4.4% in their NYSE debut.
The stock opened at $44, below the $46 offer price.
Via and selling shareholders raised $493 million by selling 10.7 million shares, priced above the marketed range of $40 to $44. Continue reading “Transit tech firm Via valued at $3.5 billion as shares fall in NYSE debut”
(Reuters) – Amazon.com has been testing General Motors’ BrightDrop electric vans as part of its plan to bring 100,000 electric delivery vehicles on the road by the end of the decade, the e-commerce giant said on Friday.
A little more than a dozen vans are being tested, placing them among a fleet that includes electric vehicles built by Rivian, the company said. GM had sold 12 2024 model BrightDrop vans to Amazon in 2023. Continue reading “Amazon testing GM’s electric delivery vans in sustainability push”
Summary
DETROIT, (Reuters) – A battery plant co-owned by Hyundai Motor is facing a minimum startup delay of two to three months following an immigration raid last week, Hyundai CEO Jose Munoz said on Thursday.
The Georgia plant, which is operated through a joint venture between Hyundai and South Korea’s LG Energy Solution was at the center of the largest single-site enforcement operation in the U.S. Department of Homeland Security’s history last week. Continue reading “Hyundai battery plant faces at least 2-3 month startup delay following US raid, CEO says”
DETROIT, (Reuters) – Stellantis is axing its Ram 1500 electric pickup, citing slow demand for full-size EV trucks, the company said Friday.
“As demand for full-size battery electric trucks slows in North America, Stellantis is reassessing its product strategy and will discontinue development of a full-size BEV pickup,” a company spokesperson said. Continue reading “Stellantis stops development on electric Ram 1500 pickup”
(Reuters) – Electric car rivals BYD and Tesla are set to be the biggest losers from Mexico’s proposed 50 percent tariff on autos imported from China, triggering a likely blow to the fast-growing electric car market in Mexico while sparing the traditional “Big Three” U.S. car manufacturers.
The proposed tariff, announced on Wednesday, targets electric and gasoline cars imported from all countries that Mexico doesn’t have a free trade agreement with, including South Korea, India, Indonesia and Russia. In practice, however, the tariff would mostly impact electric cars manufactured in China and sold in Mexico, industry analysts said. Continue reading “BYD and Tesla set to lose most from Mexico’s proposed tariffs on China”
Summary
MEXICO CITY, (Reuters) – Mexican President Claudia Sheinbaum on Thursday said her government was not looking for a conflict with countries on which it plans to increase tariffs, including China.
“We don’t want a conflict,” Sheinbaum told a morning press conference, adding the measures were intended to boost Mexico’s economy and that her government was in talks with ambassadors from countries impacted by the proposed measures. Continue reading “Mexico not looking for conflict over tariff measures, president says”
Summary
(Reuters) – The U.S. government on Thursday sued Uber Technologies, accusing the ride-sharing company of violating federal law by discriminating against passengers with disabilities.
In a complaint filed in San Francisco federal court, the U.S. Department of Justice said Uber drivers routinely refuse to serve riders with disabilities, including people who travel with service animals or stowable wheelchairs. Continue reading “US sues Uber, alleges discrimination against disabled riders”
(Reuters) – Global sales of fully electric and plug-in hybrid vehicles grew 15% in August from a year ago, marking the slowest rate since January and reflecting tougher comparatives, market research firm Rho Motion said on Friday.
China’s EV sales growth, which averaged 36% a month in the first half, cooled to 6% in August. However, China sales are still expected to be strong in the fourth quarter as new funds become available for its subsidy schemes and the usual seasonal rebound, said Rho Motion data manager Charles Lester. Continue reading “Global EV sales growth slows to 15% in August, research firm says”
Source : PTI | Prime Minister Narendra Modi on Thursday stressed on the need of the government and the automobile industry to work together to achieve “true self-reliance” across the entire manufacturing value chain as India moves towards the vision of ‘Viksit Bharat’.
In his written address to the annual convention of Society of Indian Automobile Manufacturers (SIAM), Modi said as India advances towards global leadership in green and smart transportation, opportunities for investment and collaboration are immense. Continue reading “Govt, auto industry need to work together to achieve self-reliance in entire value chain: PM Modi”
WAF THINK TANK
WAF welcomes Madhus Garage Equipment as Annual Gold Partner WAF
AI Premier League Kick Off Ceremony Tomorrow! Enroll Now! Bharat Ka AI Continue reading “WAF Auto News | The Auto World This Week (12th September 2025)”
Summary
Mumbai: Volkswagen India today announced the extension of complete GST rate reduction benefit to its customers across its entire model range. The new pricing will be effective from September 22, 2025. Continue reading “Volkswagen India extends complete GST 2.0 price benefits across its model range”
(Reuters) – British sportscar maker Aston Martin will adopt Cyber Tyre technology from Italy’s Pirelli for future vehicles, the two companies said in a joint statement on Thursday.
The Italian firm’s technology – which allows for the collection of data from sensors placed in its tyres – will be integrated into future Aston Martin models to interact with the vehicle’s driving and electronic control systems. Continue reading “Italy’s Pirelli to supply carmaker Aston Martin with Cyber Tyre technology”
Summary
MEXICO CITY, (Reuters) – Mexico said on Wednesday it will raise tariffs on automobiles from China and other Asian countries to 50%, in a broad overhaul of import levies the government said would protect jobs and analysts said was aimed at placating the United States.
The Economy Ministry said the moves, which will increase tariffs to varying degrees on goods across multiple sectors including textiles, steel and automotive, would impact $52 billion of imports. Continue reading “Mexico to raise tariffs on cars from China to 50% in major overhaul”
New Delhi, 11 September 2025: The Special Plenary Session 2 at the 65th Annual Convention of the Society of Indian Automobile Manufacturers (SIAM) on “Embracing the Future: Strategic Development and Market Integration of Software Defined Vehicles (SDVs) in India” highlighted the role of software-driven vehicles in advancing sustainable mobility.
The opening remarks for the session was delivered by Session Chairman, Mr. Rajan Wadhera, Member, SCALE Committee, Government of India, Former President Automotive Sector, M&M. Former President SIAM. Continue reading “Software-defined Vehicles as Catalysts for Growth in India’s Sustainable Mobility Future”
Source : PTI | A staggering 85 per cent of Mumbai’s autorickshaw and taxi drivers are aware of electric vehicles (EVs), but most of them are unable to switch due to poor charging infrastructure, high costs, and limited financing options, as per a new perception study.
Maharashtra Transport Minister Pratap Sarnaik on Tuesday released the report of “Wheels of Change: Understanding EV Adoption for Mumbai’s Auto & Taxi Drivers,” a study conducted by Waatavaran Foundation and Climate Research Consultancy in collaboration with Asar and the Sustainable Mobility Network on the occasion of the World EV Day at the Indian Merchant Chamber here. Continue reading “Poor charging infra biggest barrier to EV adoption for Mumbai cabbies and auto drivers: Study”
Source : PTI | The government’s aim is to make India’s automobile industry number one in the world within five years, Union Minister
The future of Indian automobile industry is very good as the country has trained manpower, Gadkari said while addressing an event here, highlighting that all big automobile companies are present in the country. Continue reading “Aim to make India’s auto industry no. 1 globally in 5 years: Gadkari”
Summary
BEIJING, (Reuters) – China’s producer deflation eased in August, suggesting Beijing’s efforts to rein in excessive competition and price cuts in key industrial sectors were starting to bear fruit, though analysts say manufacturers remain some way off from a reflationary cycle.
Data released by the National Bureau of Statistics (NBS) on Wednesday also showed consumer prices fell at the fastest pace in six months, reflecting food price volatility, but the core index rose to a 2-1/2-year high. Continue reading “China’s producer deflation eases, helped by crackdown on price wars”
MUNICH, (Reuters) – Chinese car makers are making inroads in Europe and executives say they are in the region to stay, underscoring a key reversal as brands from BYD to SAIC take market share on a continent where they once struggled to make sales.
At this week’s IAA Mobility car show in Munich, China’s auto firms – facing a tough price war at home – were increasingly bullish about their plans for Europe, dominated still by local brands such as Volkswagen and Renault. Continue reading “‘In Europe to stay’: Chinese carmakers steal a leaf from VW’s playbook”
Difficult economic conditions, exacerbated by U.S. President Donald Trump’s tariffs, and persistently weak demand for many products have forced European companies to freeze hiring or cut jobs.
Here are some of the layoffs announced since the beginning of April:
Continue reading “European companies cut jobs in response to slowing economy”
BEIJING, (Reuters) – China’s industry ministry on Wednesday said it would launch a three-month campaign to crack down on false marketing and other online irregularities in the automotive sector.
The crackdown comes after regulations were tightened in May against an extended price war that has bruised automakers, suppliers and dealers in the world’s largest auto market. Continue reading “China cracks down on false auto marketing in three-month campaign”
HONG KONG, (Reuters Breakingviews) – When two objects collide, they exert equal and opposite forces on each other. The same may be true for U.S. President Donald Trump’s increasingly conflicting goals of curbing immigration and bringing back high-tech manufacturing.
Last week’s high-profile raid at a Hyundai car battery facility in Georgia is the largest single-site enforcement in the history of the U.S. Department of Homeland Security’s investigative operations. Nearly 500 workers were arrested and detained. The incident and accompanying shocking visuals of hundreds of mostly South Korean workers shackled in chains quickly sparked a diplomatic crisis, testing already fragile bilateral relations between the two trading partners and security allies, not to mention a surge of anti-American sentiment in South Korea. Continue reading “Hyundai raid sets Trump goals against each other”
MUNICH, (Reuters) – Introducing a minimum requirement for European content in cars sold in the EU is vital for keeping the region’s auto sector competitive, Christophe Perillat, chief executive of French car parts supplier Valeo said on Wednesday.
The European Commission is in talks with carmakers and their suppliers on ways to secure the sector’s future as it navigates an expensive shift to electric vehicles, stiff competition from China and tariff uncertainty. Continue reading “Valeo CEO backs minimum EU content in cars to aid region’s competitiveness”
MILAN, (Reuters) – Carmaker Stellantis agreed on Wednesday to sell its Italian VM Motori engine making unit to a group of Italian investors who also control engine part maker Marval.
The transaction, for which no financial details were provided, is part of a wider Stellantis effort to reorganise its operations as the auto industry moves towards electrification, while contracting market demand in Europe reduces the need of traditional petrol engines. Continue reading “Stellantis sells engine making plant in Italy to group of industrial investors”
NEW YORK, (Reuters) – Auto dealer Tricolor filed for Chapter 7 bankruptcy in Texas court on Wednesday, moving to liquidate its business a day after Fifth Third Bank warned of alleged fraudulent activity at the company.
Tricolor, the third-largest used auto retailer in Texas and California, has more than $1 billion in assets and over $1 billion in liabilities, with more than 25,000 creditors, according to its bankruptcy petition. Continue reading “Auto dealer Tricolor files for bankruptcy, moves to liquidate”
Summary
SHANGHAI/MILAN, (Reuters) – When Audi executives first saw the Zeekr 001 in 2021, a long-range electric vehicle with European aesthetics, it was a wake-up call for the premium German auto brand – if it wanted to compete with the Chinese, it needed their technology. Continue reading “‘China Inside’: How Chinese EV tech is reshaping global auto design”
MUNICH, (Reuters) – Chinese luxury automaker Hongqi said on Tuesday that it would launch 15 electric and hybrid models in Europe by 2028 across 25 different markets as it also unveiled the EHS5, a compact electric SUV.
Hongqi, or Red Flag, known as former state leader Chairman Mao Zedong’s favoured car brand, already sells cars in several European markets, including Norway, the Netherlands and Poland. Continue reading “China’s luxury automaker Hongqi to launch 15 models in Europe by 2028”
