(Reuters) – Warburg Pincus has agreed to acquire a majority stake in Raptor Technologies from fellow investment firm Thoma Bravo, in a deal that values the school safety software provider at around $1.8 billion, according to people familiar with the matter.

THE DETAILS

• The deal could be announced imminently, the sources said, requesting anonymity to discuss confidential information.
• As part of the agreement, private equity firm JMI Equity, another existing investor in Raptor, will retain a significant minority stake in the company, the sources added.
• Warburg Pincus and Thoma Bravo declined to comment. Raptor Technologies and JMI Equity did not immediately respond to requests for comment.

Continue reading “Warburg Pincus to acquire Raptor Technologies for around $1.8 billion, sources say”

NEW YORK, (Reuters) – Yellow Corp has reached settlements with 14 pension plans that had sought over $7.4 billion from the bankrupt trucking company.

The pension plans agreed to take a reduced payment, which will end years of litigation over claims that Yellow cannot afford to pay and allow Yellow’s junior creditors to collect up to $7.4 million from the company’s bankruptcy sales proceeds, according to settlement documents filed Wednesday in Delaware bankruptcy court. Continue reading “Bankrupt Yellow settles with pensions that sought billions”

Summary

• Wingtech claims Dutch state influenced court decisions
• Appeal argues decisions made without Wingtech’s input
• Chip shortages continue to affect auto industry

AMSTERDAM, Nov 28 (Reuters) – China’s Wingtech (600745.SS), on Friday said it has appealed decisions stripping it of control of its Nexperia chipmaking subsidiary to the Netherlands’ Supreme Court. Continue reading “Wingtech challenges Nexperia decisions at Netherlands’ Supreme Court”

BEIJING, (Reuters) – BYD (002594.SZ), will immediately recall 88,981 plug-in hybrids over a potential battery-related safety hazard, China’s market regulator said in a notice on Friday, weeks after the electric vehicle maker’s largest recall to date.

The Qin PLUS DM-i models affected were produced between January 2021 and September 2023 and “may have limited power output due to problems with the consistency of power battery packs during the production process”, the notice said. Continue reading “China’s BYD recalls 88,981 plug-in hybrids over battery safety hazard”

Summary

• Brazil unveils major operation targeting tax evasion, money laundering in the fuel sector
• Finance minister says scheme used U.S.-based firms, urges cooperation with Washington
• Authorities say the operation targets one of Brazil’s largest tax debtors

BRASILIA/RIO DE JANEIRO, (Reuters) – Brazil will seek U.S. cooperation in fighting organized crime in its fuel sector, Finance Minister Fernando Haddad said on Thursday, after a police operation flagged money laundering by Delaware-based firms to help one of the worst tax dodgers in the South American country. Continue reading “Brazil seeks US cooperation in money-laundering probe”

BRUSSELS, (Reuters) – The European Commission should resist automakers’ calls to allow cars to run on biofuels beyond 2035 because they are in short supply and not truly carbon-neutral, campaign group T&E said on Thursday.

New vehicles in the European Union must have no carbon dioxide emissions from 2035 under rules designed to boost sales of electric cars and phase out fossil fuels and the internal combustion engine. Continue reading “EU should reject automakers’ biofuel plea, says campaign group”

Summary

• Launches seven-seater XEV 9S starting $22,409, top model costs $33,000
• India targets 30% EV penetration by 2030
• Mahindra sold over 30,000 electric SUVs between March and October

BENGALURU, (Reuters) – India’s Mahindra (MAHM.NS), launched a seven-seater electric SUV on Thursday with a starting price of around 2 million rupees ($22,409), as it eyes a bigger share in a segment dominated by Tata Motors Passenger Vehicles (TAMO.NS). Continue reading “India’s Mahindra accelerates EV push with new electric SUV launch”

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Time for the Annual Pilgrimage of Vehicle After Sales Service in India IVASS Continue reading “WAF Auto News | The Auto World This Week (28th November 2025)”

• Invests nearly INR 2 crore in Ravity Software Solutions Private Limited
• Third investment in a startup by Maruti Suzuki

New Delhi : Maruti Suzuki India Limited (“Maruti Suzuki”) has announced investment of nearly INR 2 crore in Ravity Software Solutions Private Limited, for an equity stake of over 7.84% through Maruti Suzuki Innovation Fund. Ravity Software Solutions Private Limited is a technology-led startup which specializes in providing connected mobility insights. Continue reading “Maruti Suzuki invests in connected mobility intelligence-based startup”

Source: PTI | The Delhi Environment Department is considering a plan to use surplus DTC drivers and conductors to assist the traffic police and the Delhi Pollution Control Committee (DPCC) in strengthening real-time checks on violations of pollution norms across the city.

Amid a shift to electric buses, which come with their own drivers, the department is exploring ways to redeploy thousands of Delhi Transport Corporation (DTC) drivers and conductors, a senior official told PTI. Continue reading “Surplus DTC staff likely to assist traffic police, DPCC in Delhi’s pollution fight”

TOKYO, (Reuters) – A Japanese labour union group representing major manufacturers said on Wednesday that it would seek an increase of at least 12,000 yen ($77) in monthly base pay for next year, the same target as this year.

The Japan Council of Metalworkers’ Unions (JCM) is considered a pace-setter for annual wage negotiations and represents about 2 million workers for blue-chip companies including Toyota Motor (7203.T), and Nippon Steel (5401.T). Continue reading “Japan manufacturers’ union to target $77 monthly base pay hike next year”

TOKYO, (Reuters) – Toyota Motor (7203.T), opens new tab said on Thursday its global production rose for a fifth consecutive month in October, lifted by strong U.S. demand for hybrid vehicles that offset weaker sales in Japan and China.

Global output climbed 4% to 926,987 cars from a year earlier, while worldwide sales advanced 2% to 922,087 vehicles, marking a tenth consecutive monthly gain, according to data released by the Japanese automaker. Continue reading “Toyota October output grows for fifth straight month on strong US demand”

Summary

• 4,000 local jobs to be created from plant, exec says
• Technology transfer ‘fundamental’, says Spain industry minister
• Spain’s cheap energy and labour draw battery and EV investments
• Local unions, auto industry welcome Chinese know-how

FIGUERUELAS, Spain, (Reuters) – China’s CATL (300750.SZ), will train up to 4,000 workers to operate what will be Spain’s biggest battery plant, executives said on Wednesday at a groundbreaking ceremony for the joint venture between the battery maker and Stellantis (STLAM.MI). Continue reading “China battery maker CATL to train Spanish workers for battery plant”

Summary

• Tesla faces sales pressure in Europe, China and the U.S
• European sales fell 48.5% in October, even as industry-wide EV sales rose 26%
• Tesla’s competition includes Chinese newcomers, improved EVs from legacy players

(Reuters) – Tesla (TSLA.O), CEO Elon Musk has spent much of this year focused on the carmaker’s robotics pursuits and winning shareholder approval for his freshly minted $1 trillion pay package. In the meantime, the outlook for Tesla’s main business – selling cars – is darkening. Continue reading “Tesla struggles to course correct from sales skid”

Source : PTI | Bajaj Auto Ltd, which made its foray into the e-rickshaw segment with Riki this year, plans to increase its presence in 200 cities by January to March next year, according to a senior company official.

The company, which started a pilot test of Riki with four cities, has now scaled up its presence to eight at present as part of phase I,Bajaj Auto Executive Director Rakesh Sharma told PTI. Continue reading “Bajaj Auto to scale up presence of e-rickshaw Riki to 200 cities in Q1 2026”

Source : PTI | Delhi Transport Minister Pankaj Kumar Singh on Monday directed officials to roll out a comprehensive upgrade of safety protocols across the DTC bus fleet.

The minister reviewed recent fire incidents involving a DTC CNG bus and two electric buses on Monday, in a meeting attended by senior officials from the Transport Department, Delhi Transport Corporation (DTC), and representatives of bus manufacturers. Continue reading “Delhi transport minister orders safety protocol upgrade after fire incidents in DTC buses”

Source : PTI | The Aluminium Secondary Manufacturers Association (ASMA) has urged the government to reduce import duty on primary aluminium , saying the move would help rationalise domestic prices and support downstream industries facing high input costs.

The downstream sector, including hundreds of MSMEs, is critical for maximising value realisation for the country’s economic growth. Continue reading “ASMA urges govt to cut import duty on primary aluminium to help rationalise domestic prices”

NEW DELHI, (Reuters) – India’s Tata Motors (TAMO.NS), is betting its newly launched sport-utility vehicle will help step up competition to rivals like Hyundai Motor and Maruti Suzuki in a fiercely fought and fast-growing part of the market.

Tata, which is India’s third-largest carmaker, launched the mid-sized Sierra SUV on Tuesday, resurrecting a decades-old cult brand that will go head-to-head with Hyundai’s Creta SUV and Suzuki’s Victoris. Continue reading “India’s Tata bets new SUV will boost fight with Hyundai, Suzuki”

TAIPEI, Nov 26 (Reuters) – Taiwan’s Foxconn (2317.TW), said on Wednesday that it had secured regulatory approval to invest an additional $569 million in the U.S. state of Wisconsin to meet rising demand for AI servers.

The Wisconsin Economic Development Corporation (WEDC) approved the plan to expand operations at Foxconn’s facility in Racine County, the world’s largest contract electronics manufacturer said in a statement. Continue reading “Foxconn wins approval for new $569 million investment in Wisconsin”

Summary

• Car prices expected to rise significantly due to impending fee rises
• October car sales rose 35% as buyers brought forward purchases
• January sales expected to drop 5-10%

(Reuters) – Russia’s depressed car market has shown weak signs of recovery as 2025 draws to an end, but is set to hit near-record lows early next year as higher scrappage fees drive up prices, dealers and experts say. Continue reading “Russia’s car market faces bleak 2026 as scrappage fees drive prices up”

Summary

• Volkswagen eyeing exports to Southeast, Central Asian markets
• Started exporting China-made limousines to the Middle East
• No plans to export to Europe due to technology differences

HEFEI, China (Reuters) – Volkswagen (VOWG.DE), plans to export cars developed and made in China to more overseas markets, an executive said on Tuesday, as the German automaker looks to leverage its growing know-how in Chinese technologies to compete with Chinese rivals abroad. Continue reading “Volkswagen plans to export Chinese-made cars to more overseas markets but rules out Europe”

Summary

• Spain, Hungary being considered for factory sites
• Labour, logistics costs are among chief concerns
• GWM has 2030 target of 1 million in annual overseas sales

BAODING, China (Reuters) – China’s Great Wall Motor (601633.SS), is targeting annual production of 300,000 vehicles by 2029 in Europe where it is scouting locations for its first car plant in a battle to revive flagging regional sales, a company executive said. Continue reading “Exclusive: China’s GWM targets 300,000 annual production with first Europe car plant”

Source : PTI | India’s imports of Russian crude oil — the feedstock for fuels like petrol and diesel — are expected to drop sharply in the near term but not halt entirely as new US sanctions on Moscow’s top oil exporters take full effect, analysts said.

US sanctions on Rosneft and Lukoil, and their majority-owned subsidiaries, took effect on November 21, effectively turning crude linked to these firms into a “sanctioned molecule”. Continue reading “New US sanctions threaten to disrupt India’s Russian oil lifeline”

(Reuters) – U.S. companies borrowed 5.7% more to finance equipment purchases in October than a year earlier, showing little impact from the recent government shutdown, the Equipment Leasing and Finance Association said on Monday.

New loans, leases and lines of credit signed up by companies in October was $10.5 billion on a seasonaly adjusted basis, same as in the previous month. Continue reading “US business borrowing for equipment rises over 5% in October, ELFA says”

(Reuters) – The Dutch vehicle authority RDW said on Monday it expects to decide on Tesla’s (TSLA.O), Full Self-Driving software in February after the EV maker demonstrates that the driver assistance system meets the required standards.

The agency was responding to Tesla’s post on X on Friday, in which it said the RDW “has committed to granting the company the Netherlands National approval” in February. Continue reading “Dutch authority RDW to test Tesla’s FSD in February”

Summary

• China’s premier met German chancellor on G20 sidelines
• World’s second- and third-largest economies seek closer ties
• Li Qiang proposed closer collaboration in strategic industries
• US President Trump’s tariffs squeezing both economies

BEIJING, (Reuters) – China pitched stronger ties in its highest‑level talks with Germany’s new government as Beijing’s top European trade partner seeks to smooth tensions over rare-earth curbs that have choked German production lines and prompted calls for de-risking. Continue reading “China pitches closer ties to Germany in strategic industries to ease rare earth strains”

DETROIT, (Reuters) – Ford Motor on Friday stood by its annual EBIT guidance of $6 billion to $6.5 billion for this year following another fire this week at aluminum supplier Novelis’ New York plant.

Ford’s stock rose about 4% during Friday’s session, extending gains after the automaker reaffirmed the outlook it had already revised because of production disruptions from a devastating blaze at the supplier’s plant in September. Continue reading “Ford reaffirms annual EBIT guidance after latest aluminum supplier fire”

Summary

• China’s dominance of supply chains extends to mundane components, impacting global production
• Automakers failed to learn from past supply chain disruptions, experts say
• Dutch government reversed control of Nexperia, signaling potential breakthrough

DONGGUAN, China, (Reuters) – A factory next to a weed-ridden lot in China’s industrial south has become a global choke point for automotive chips, upending a sector that just a few years ago swore it wouldn’t be caught again by supply-chain disruptions. Continue reading “How the Nexperia chip crisis upended auto supply chains – again”

Source : PTI | Mahindra Group is aiming for an eight-fold growth in consolidated revenue of its auto sector by FY30, betting big on SUVs and light commercial vehicles.

The group’s auto sector had clocked a consolidated revenue of ₹90,825 crore in FY25, growing 3.2 times from FY20, it said in its investor presentation. Continue reading “Mahindra aims for 8-fold increase in auto sector revenue during FY20-30 period”

Source : PTI | Domestic passenger vehicle volumes are likely to grow by around 5 per cent this fiscal, with double-digit growth anticipated in the second half as pent-up demand remains robust even after the festive season, according to Tata Motors Passenger Vehicles MD and CEO Shailesh Chandra.

The April-September period this fiscal witnessed a 1.6 per cent year-on-year decline, and it was only the festive period that passenger vehicle sales rebounded in the domestic market. Continue reading “Domestic passenger vehicle volumes to grow by 5% this fiscal: Tata Motors PV CEO”

Summary

• Foxconn to invest $2-3 billion annually in AI over the next 3-5 years -Liu
• China’s EV market faces fierce competition, consolidation expected soon -Liu
• Foxconn talking with Japan about AI, EV investments -Liu

TOKYO, (Reuters) – Foxconn will invest $2 billion to $3 billion a year in AI, the head of the world’s largest contract electronics maker told Reuters.

Foxconn Chairman Young Liu also said he expects a shakeout in China’s crowded electric-vehicle market “soon” and that the company is talking with the Japanese government about potential investments in artificial intelligence and EVs. Continue reading “Foxconn to spend up to $3 billion a year on AI, chair sees China EV shakeout”

DETROIT, (Reuters) – Ford Motor on Friday stood by its annual EBIT guidance of $6 billion to $6.5 billion for this year following another fire this week at aluminum supplier Novelis’ New York plant.

Ford’s stock rose about 4% during Friday’s session, extending gains after the automaker reaffirmed the outlook it had already revised because of production disruptions from a devastating blaze at the supplier’s plant in September. Continue reading “Ford reaffirms annual EBIT guidance after latest aluminum supplier fire”

(Reuters) – Kia America is recalling 250,547 K5 vehicles in the U.S. over a damaged fuel tank posing a fire risk, the U.S. National Highway Traffic Safety Administration said on Thursday.

Affected fuel tanks will be inspected for damage and replaced, with dealers to replace the check valve, NHTSA said. Continue reading “Kia America to recall over 250,000 US vehicles over fuel tank leak”

(Reuters) – Alphabet’s Waymo will expand its robotaxi operations to Minneapolis, Tampa and New Orleans in the coming days, the ride-hailing service provider said on Thursday, as it accelerates the broad rollout of its services in the U.S.

The company said it will begin operations in the new markets with human-driven vehicles, following a phased playbook it has used in its existing public-service cities. Continue reading “Waymo to broaden US robotaxi footprint with moves into Minneapolis, Tampa, New Orleans”

(Reuters) – Electric aircraft maker BETA Technologies said on Thursday it is partnering with Near Earth Autonomy to develop uncrewed aircraft for the military, with flight testing slated to begin in the first half of 2026.

Development and full demonstration of the autonomous system should take up to a year and could be deployed within 18 to 36 months, BETA CEO Kyle Clark told Reuters. Continue reading “BETA Technologies taps Near Earth to accelerate autonomous aircraft development”

(Reuters) – Electric air-taxi company Joby Aviation has sued rival Archer Aviation in California state court for allegedly stealing its trade secrets, according to a complaint made public on Thursday.

Joby said in the lawsuit filed on Wednesday in state court in Santa Cruz, California, that Archer hired away a Joby employee, George Kivork, who took confidential information to Archer about its business strategies, partnership terms and aircraft specifications. Continue reading “Joby Aviation sues air-taxi rival Archer over trade secrets”

Summary

• Foxconn to invest $2-3 billion annually in AI over the next 3-5 years -Liu
• China’s EV market faces fierce competition, consolidation expected soon -Liu
• Foxconn talking with Japan about AI, EV investments -Liu

TOKYO, (Reuters) – Foxconn will invest $2 billion to $3 billion a year in AI, the head of the world’s largest contract electronics maker told Reuters.

Foxconn Chairman Young Liu also said he expects a shakeout in China’s crowded electric-vehicle market “soon” and that the company is talking with the Japanese government about potential investments in artificial intelligence and EVs. Continue reading “Foxconn to spend up to $3 billion a year on AI, chair sees China EV shakeout”