(Reuters) – Harley-Davidson on Thursday suspended its annual forecasts as the motorbike maker navigates headwinds related to U.S. President Donald Trump’s tariffs.
Harley said it would deal with the current economic situation through cost cuts, mitigating risks within its supply chain, tightening operating expenses and reducing dealer inventory. Continue reading “Harley-Davidson pulls annual forecasts over tariff concerns”
Summary
(Reuters) – Tesla sales fell in France for a fourth straight month in April and also dropped in Denmark, data showed on Thursday, the latest sign Elon Musk’s EV brand continues to struggle as Europeans buy more Chinese cars and some protest against his political views. Continue reading “Tesla sales sink again in France, Denmark amid anti-Musk protests”
DETROIT, (Reuters) – General Motors cut its 2025 profit forecast on Thursday after receiving some clarity and reprieve from the White House this week on automotive tariffs.
CEO Mary Barra told shareholders in a letter that the company would maintain strong dialogue with the Trump administration on trade and other policies as they evolve. Continue reading “GM cuts 2025 profit forecast as tariff results in up to $5 billion impact”
Source : PTI | JBM Electric Vehicles on Wednesday announced a strategic partnership with Hitachi ZeroCarbon for deploying battery management solutions in its e-buses. As part of the collaboration, Hitachi’s ZeroCarbon BatteryManager solution will be deployed in JBM electric buses to collect real-time data from the pilot fleet and deliver actionable insights regarding charging patterns, route optimisation and asset usage, JBM EV said.
The all-in-one platform provides comprehensive battery analytics and management tools to enhance performance, extend battery life and maximise residual value. Continue reading “JBM EV ties up with Hitachi ZeroCarbon for battery management solutions”
Summary
(Reuters) – Tesla chair Robyn Denholm on Thursday denied a Wall Street Journal report that said board members had reached out to executive search firms to find a new replacement for CEO Elon Musk. Continue reading “Tesla chair denies plans to look for new CEO to replace Musk”
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(Reuters) – Aston Martin will split the costs resulting from U.S. tariffs between the company and its customers, and will sell down its U.S. inventory while limiting shipments there, the luxury carmaker’s chief executive said on Wednesday. Continue reading “Aston Martin limits US exports, mulls pricing adjustment to offset tariff hit”
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LONDON, (Reuters) – Unable to predict the impact of U.S. President Donald Trump’s ever-changing trade war, Stellantis and Mercedes-Benz became the latest automakers on Wednesday to scrap their profit guidance citing market uncertainty wrought by tariffs. Continue reading “Trump tariff whiplash pushes more automakers to scrap profit guidance”
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BERLIN, (Reuters) – Mercedes-Benz on Wednesday pulled its earnings guidance for 2025 amid uncertainty over the impact of U.S. President Donald Trump’s tariffs on car imports, as the German automaker posted sharply lower first-quarter profit. Continue reading “Mercedes pulls earnings guidance amid Trump tariff uncertainty”
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STUTTGART, Germany, (Reuters) – Volkswagen said on Wednesday that profit margins this year were likely to be towards the bottom of its guidance range and joined a chorus of automakers warning that U.S. trade policy was making it almost impossible to make financial predictions. Continue reading “Volkswagen reins in margin hopes as tariffs cloud prospects”
(Reuters) – Tesla board members reached out about a month ago to several executive search firms to find a successor to CEO Elon Musk, the Wall Street Journal reported on Wednesday, citing people familiar with the discussions.
The current status of the board’s push, which, according to the report, was sparked by Musk’s heavy involvement with the Trump administration, could not be determined, WSJ said. Continue reading “Tesla board looked for new CEO as Musk focused on White House, WSJ reports”
Summary
WASHINGTON, (Reuters) – The U.S. House of Representatives on Wednesday voted to rescind the Environmental Protection Agency’s 2023 approval of California’s plans to require a rising number of zero-emission heavy-duty trucks. Continue reading “US House votes to rescind approval for California heavy-duty truck rules”
Summary
DETROIT, (Reuters) – Ford Motor has killed a program to develop next-generation electrical architecture – the brain of modern cars – that its executives have called pivotal to competing with electric-vehicle pioneers such as Tesla, three sources familiar with the matter told Reuters. Continue reading “Exclusive: Ford kills project to develop Tesla-like electronic brain”
Source : PTI | The Maharashtra cabinet on Tuesday approved Electric Vehicle Policy 2025 as per which certain electric vehicles plying on highways will be given a toll waiver, and subsidies on purchase of such vehicles to boost their use to help bring down air pollution. The policy was approved in the state cabinet meeting chaired by Chief Minister Devendra Fadnavis. A statement said the policy will be valid till 2030 and Rs 1,993 crore will be earmarked for the sector.
“The state government has approved a new Electric Vehicle (EV) policy, under which passenger EVs will be given subsidies. EV manufacturing and their use should increase in the state,” Fadnavis said after the meeting. Continue reading “Subsidy, toll waiver: Maharashtra govt seeks to boost electric mobility under new EV Policy”
Source : PTI | New Delhi: Shares of crisis-hit Gensol Engineering continued to slide on Wednesday, declining 5 per cent, to hit another lower circuit limit. The stock tumbled 4.99 per cent to Rs 78.10 — its lowest trading permissible limit for the day as also a 52-week low — on the BSE.
Shares of the firm slumped 5 per cent to hit the lower circuit as well as a 52-week low level of Rs 77.29 at the NSE. Continue reading “Gensol Engineering shares hit fresh lower circuit limit; down for 15th straight day”
Source : PTI | Battery-swapping solutions provider Indofast Energy on Wednesday said it will deploy 20,000 electric bikes across key tier I/II cities in the next 24 months in collaboration with EVeez for last-mile delivery. The cities include Chennai, Mumbai, Pune, Jaipur, Lucknow, and Vijayawada, a company statement said.
Indofast Energy and EVeez have been working together to accelerate EV adoption in the last-mile delivery space, and this expansion marks a significant step toward making electric mobility more accessible and efficient for gig workers, it said. Continue reading “Indofast Energy partners EVeez to deploy 20,000 electric bikes”
(Reuters) – Tesla in an update on Semi, said that the first units of the electric trucks will be on the production line by the end of 2025 at its Nevada gigafactory campus.
Dan Priestley, who leads the Semi program at Tesla, said in a video posted to YouTube on Monday, that the factory has an annual capacity of 50,000 units, adding that the company will prepare for high volume production over the next few quarters. Continue reading “Tesla’s Semi factory in Nevada to have first trucks in production by end of 2025”
Summary
STOCKHOLM, (Reuters) – Volvo Cars announced 18 billion Swedish crowns ($1.87 billion) in cost cuts and a restructuring of its U.S. operations on Tuesday and withdrew its earnings forecast for the next two years, sending shares down 10%. Continue reading “Trump tariffs force Volvo Cars to drop guidance, launch cost cuts”
WASHINGTON, (Reuters) – GM is recalling 721,000 SUVs and trucks worldwide due to engine issues that could lead to a loss of power and boost the risk of a crash, the company announced on Tuesday.
The Detroit automaker is recalling 2021 through 2024 model-year Cadillac Escalade and Escalade ESV, Chevrolet Silverado 1500, Suburban, and Tahoe, GMC Sierra 1500, Yukon, and Yukon XL vehicles with 6.2L V8 gas engines. Continue reading “GM recalling 721,000 vehicles over engine issue”
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WASHINGTON, (Reuters) – U.S. President Donald Trump on Tuesday will soften the blow of his auto tariffs through an executive order mixing credits with relief from other levies on parts and materials, after automakers pressed their case with the administration. Continue reading “Trump set to soften auto tariffs after industry pushback”
DUESSELDORF, Germany, (Reuters) – DHL Express, a division of Germany’s Deutsche Post will resume global business-to-consumer shipments worth over $800 to individuals in the United States after a “constructive dialogue” with U.S. authorities, DHL said on Monday.
DHL blamed the halt it implemented on April 21 on new U.S. customs rules which require formal entry processing on all shipments worth over $800. The minimum had been $2,500 until a change on April 5. Continue reading “DHL resumes global shipments of over $800 to US consumers”
Summary
WASHINGTON, (Reuters) – Major automakers want Congress to bar California’s landmark plan to end the sale of gasoline-only vehicles by 2035 that has been adopted by 11 other states, warning the rules could begin impacting vehicle shipments in a few months. Continue reading “Major automakers want Congress to bar California 2035 electric vehicle plan”
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FRANKFURT, (Reuters) – Porsche’s margins plunged in the first quarter, it said on Tuesday, forcing the sportscar maker to cut its 2025 outlook in the wake of weakness in China, its main market, rising supply chain costs and U.S. tariffs that are disrupting the global car industry. Continue reading “Porsche cuts outlook as US tariffs, China weakness hit in Q1”
(Reuters) – Tesla in an update on Semi, said that the first units of the electric trucks will be on the production line by the end of 2025 at its Nevada gigafactory campus.
Dan Priestley, who leads the Semi program at Tesla, said in a video posted to YouTube on Monday, that the factory has an annual capacity of 50,000 units, adding that the company will prepare for high volume production over the next few quarters. Continue reading “Tesla’s Semi factory in Nevada to have first trucks in production by end of 2025”
WASHINGTON, (Reuters) – CEOs and senior executives from Nvidia, Johnson & Johnson, Hyundai Motor, Toyota Motor, and SoftBank Group are among the more than two-dozen business leaders slated to visit the White House on Wednesday for an event highlighting U.S. investments, officials told Reuters.
President Donald Trump plans to promote a broad range of investments in the United States in defense, tech, healthcare and consumer products industries and investment funds marking his first 100 days in office at an “Investing in America” event, a White House official told Reuters. Continue reading “Trump to tout US investments from Nvidia, J&J, Hyundai, Toyota”
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WASHINGTON, (Reuters) – President Donald Trump’s administration will move to reduce the impact of his automotive tariffs on Tuesday by alleviating some duties imposed on foreign parts in domestically manufactured cars and keeping tariffs on cars made abroad from piling on top of other ones, officials said. Continue reading “Trump to reduce impact of auto tariffs, commerce secretary says”
Source : PTI | The biogas sector has received investment commitments of more than Rs 200 crore at renewable energy exhibition RenewX 2025, industry body Indian Biogas Association (IBA) said on Sunday. The three-day expo was held at the Chennai Trade Centre, Nandambakkam from April 23 to 25. The event, organised by Informa Markets, saw investment commitments of Rs 200 crore through various MoUs (memorandum of understandings) in the biogas industry, IBA sid in a statement.
RenewX brought together stakeholders from across the bioenergy, solar, wind, energy storage, and management sectors, offering a platform for strategic collaborations and progressive discussions. Continue reading “Biogas sector gets Rs 200 cr investment commitments at RenewX 2025: IBA”
Source : PTI | Tata Motors on Monday said its board will later this week consider a proposal to raise up to ₹500 crore through the issue of securities on a private placement basis.
A meeting of the duly constituted Committee of the Board of Directors of the Company is scheduled to be held on May 2 to consider and approve the issuance of rated, listed, unsecured, redeemable, non-convertible debentures on a private placement basis aggregating up to ₹500 crore, the automaker said in a regulatory filing. Continue reading “Tata Motors board to consider raising ₹500 crore via securities this week”
(Reuters) – The California Department of Motor Vehicles said Friday it is proposing to allow testing of self-driving heavy-duty trucks and other large vehicles on state public roads.
California currently allows self-driving light-duty passenger vehicles for testing on public roads but not heavy-duty vehicles weighing more than 10,001 pounds, which manufacturers are testing in states like Texas, Arizona, and Arkansas. Continue reading “California proposes to allow self-driving heavy-duty truck testing”
Summary
BEIJING, (Reuters) – BYD’s first-quarter profit leapt 100.4% from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market after launching a smart EV price war. Continue reading “BYD’s quarterly profit surges at fastest pace in nearly two years”
TOKYO, (Reuters) – Nissan Motor wants to end vehicle production at its Wuhan plant in China by March 31, 2026, two sources with knowledge of the plan said.
The decision comes after the operation rate at the 300,000 vehicle capacity plant, which produces the Ariya electric vehicle and X-Trail SUV, fell off amid stiff competition from Chinese automakers, the Yomiuri newspaper reported earlier. Continue reading “Nissan wants to end vehicle production at Wuhan plant, sources say”
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TOKYO/WASHINGTON, (Reuters) – When Tokyo’s top trade negotiator met U.S. President Donald Trump for tariff talks at the White House earlier this month, he presented him with a gold-coloured piggy bank. Continue reading “Japan is a test case for Trump’s tariff deals. But talks may be tortuous.”
Summary
(Reuters) – President Donald Trump’s April 9 decision to hike tariffs on China hit as Steve Egan, a promotional product distributor in Tampa, Florida, was in the middle of ordering 5,000 rubber ducks from a Chinese vendor. Continue reading “After 100 days, Trump voters feel tariffs, but most see long-term gain”
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TOKYO, (Reuters) – Shares of Toyota Industries were set for their biggest daily jump on record on Monday after Japanese automaker Toyota said it was considering a potential buyout of the key parts supplier, which has a market value of 4 trillion yen ($28 billion). Continue reading “Toyota Industries shares set to surge on potential buyout by Toyota Motor”
TOKYO, (Reuters) – Toyota Motor said it is exploring the possibility of investing in a potential buyout of key parts supplier Toyota Industries – a buyout that reportedly could cost $42 billion.
“We are currently exploring various possibilities, including partial investment,” the automaker said in a filing with the Tokyo stock exchange on Saturday following reports about the possible buyout. Continue reading “Toyota considers investing in potential $42 billion buyout of key supplier”
Source : PTI | Road safety experts on Friday emphasised the need for dedicated lanes for two-wheelers and stricter enforcement of traffic laws to enhance rider safety and reduce accidents. Addressing an event here, Institute of Road Traffic Education (IRTE) President Rohit Baluja said electric two-wheelers are about 44 per cent of the total two-wheelers in the country.
“What needs to be done is have dedicated driving lanes for them, this will help in rider safety and avoid crashes as they are the most vulnerable road users along with pedestrians,” he said. Continue reading “Experts call for dedicated two-wheeler lanes, stricter traffic law enforcement”
Source : PTI | A complete shift from older vehicles to electric vehicles in 44 Indian cities with a population of at least 10 lakh could avoid 11.5 tonnes of PM2.5 emissions every day by 2035 and reduce greenhouse gas emissions by 61 million tonnes of carbon dioxide equivalent, according to a new study. The study, published by The Energy and Resources Institute (TERI), said it would also save more than 51 billion litres of petrol and diesel and reduce India’s oil import bill by an estimated ₹9.17 lakh crore ($106.6 billion) by 2035.
The authors said the number of older vehicles in these cities could grow from 4.9 million (49 lakh) in 2024 to 7.5 million (75 lakh) by 2030. Continue reading “EV switch in 44 cities can slash 61 million tonnes CO2: TERI”
Source : PTI | Chief minister Devendra Fadnavis on Friday directed the administration to set up a Unified Metropolitan Transport Authority (UMTA) to oversee integrated development of various modes of transport in cities to ensure ‘ease of living’ for citizens.
At present, transport services are operational in different metro cities through municipal corporations, state transport corporations, railways and metro rail authorities, he said. Continue reading “Maha govt to set up Unified Metropolitan Transport Authority”
Source : PTI | India consumer and EV story remains unchallenged even amid the ongoing tariff war, electric two wheeler maker Ather Energy said on Wednesday as it fixed a price band of Rs 304 to Rs 321 apiece for its Rs 2,981-crore IPO that is set to be opened for public subscription from April 28 to April 30. Of this, the offer for sale portion comprises nearly Rs 355-crore, the company said.
Ather Energy also said it remains bullish on its scooter portfolios in the coming few years and that distribution expansion will drive a lot of growth in the near-term for the company.
Continue reading “India consumer, EV story remains unchallenged, says IPO-bound Ather Energy”
Source : PTI | A complete shift from older vehicles to electric vehicles in 44 Indian cities with a population of at least 10 lakh could avoid 11.5 tonnes of PM2.5 emissions every day by 2035 and reduce greenhouse gas emissions by 61 million tonnes of carbon dioxide equivalent, according to a new study. The study, published by The Energy and Resources Institute (TERI), said it would also save more than 51 billion litres of petrol and diesel and reduce India’s oil import bill by an estimated Rs 9.17 lakh crore (USD 106.6 billion) by 2035.
The authors said the number of older vehicles in these cities could grow from 4.9 million (49 lakh) in 2024 to 7.5 million (75 lakh) by 2030. Continue reading “‘Shift from old vehicles to EVs in 44 cities with 10L people may cut oil import bill by $106 bn’”
Summary
SAN FRANCISCO, (Reuters) – Alphabet’s Waymo self-driving taxis may be available for people to own in the future, CEO Sundar Pichai said on Thursday, just as electric vehicle maker Tesla gears up to roll out robotaxis this year in the United States. Continue reading “Alphabet says Waymo may offer robotaxis for personal ownership in future”
