(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
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
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
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
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) – China’s Guangzhou Automobile Group (GAC) will build its electric AION V model at a Magna facility in Austria, the two companies said on Thursday, a strategy that should help GAC avoid the EU’s tariffs on China-made EVs.
The GAC vehicle will be produced at Magna’s facility in Graz, Austria, which can make gasoline-powered, hybrid and electric vehicles on shared lines. Continue reading “Magna to produce China’s GAC electric vehicles in Europe”
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 by FY30”
WAF THINK TANK
The Secret Weapon Behind the World’s Boldest Auto & Mobility M&A Plays WAF
As a Customer: What to Evaluate During a Car Test Drive CarPhD
AkzoNobel and Axalta to Combine in All-Stock Merger of Equals, Creating a Premier Global Coatings Company WAF Continue reading “WAF Auto News | The Auto World This Week (21st November 2025)”
Q2FY’26 REVENUE OF Rs. 12,126 Cr; A GROWTH OF 16% AND PAT AT Rs. 1,393 Cr; A GROWTH OF 16%
GAINS MARKET SHARE, ACCELERATES EV BUSINESS AND CONTINUES GLOBAL EXPANSION WITH ENTRY IN EUROPEAN MARKETS Continue reading “Hero MotoCorp reports highest ever revenue and Profit After Tax (PAT) for Q2FY’26 AND H1FY’26”
The Parts and Accessories Distributor network is spread across ~760 cities nationwide
New Delhi : Maruti Suzuki India Limited (“Maruti Suzuki”) announced the inauguration of its 1,500th* Parts and Accessories distributor touchpoint in the country in Mumbai, Maharashtra. The facility was inaugurated by Maruti Suzuki officials Mr. S. D. Chhabra, Executive Officer and Mr. Kohsuke Hattori, Executive Vice President – Parts, Accessories and Logistics. Continue reading “Maruti Suzuki Parts and Accessories Distributor network expands to 1,500 touchpoints”
Source : PTI | Against the backdrop of the rising road accident fatalities in Maharashtra and vulnerability of children, experts have called for declaring road crashes a public health crisis and bringing stakeholders together to brainstorm preventive measures and awareness.
Maharashtra recorded 36,084 road accidents and 15,335 fatalities in 2024, averaging 99 crashes and 43 deaths per day, according to official data cited by organisers of a workshop. Continue reading “Road accidents in Maharashtra be declared public health crisis”
Summary
(Reuters) – Tesla’s (TSLA.O), gaudy $1 trillion executive-compensation package for CEO Elon Musk has obscured a more pressing concern: Musk’s 2018 pay package — still tied up in court — could eat up years’ worth of the electric vehicle maker’s future profits. Continue reading “Forget Musk’s latest pay package, his last one could wipe out years of Tesla profits”
(Reuters) – Kia America (000270.KS), 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. Continue reading “Kia America to recall over 250,000 US vehicles over fuel tank leak”
(Reuters) – Archer Aviation said on Wednesday it has signed a deal with The Helicopter Company and luxury developer Red Sea Global, both owned by Saudi Arabia’s Public Investment Fund, to develop, test and potentially deploy electric aircraft in the Kingdom.
Western air taxi makers have been stepping up efforts to expand beyond their home markets, with the Middle East emerging as a key target thanks to its fast-growing tourism sector, supportive regulators and willingness to invest early in next-generation transport technologies. Continue reading “Archer partners with Saudi entities to develop and test air taxi operations”
WASHINGTON, (Reuters) – Tesla CEO Elon Musk and Nvidia CEO Jensen Huang will take part in a discussion on advances in artificial intelligence and technology at a U.S.-Saudi Arabia investment forum in Washington on Wednesday, according to a document seen by Reuters.
“This conversation will explore the emerging forces shaping the next wave of technological progress, highlighting the architectures, models, and investments powering a more intelligent and interconnected future,” the document said. Continue reading “Elon Musk, Jensen Huang to talk AI at US-Saudi investment forum”
(Reuters) – Ford is recalling 229,609 Bronco vehicles in the U.S. due to a failure in the instrument panel display, such as warning lights or vehicle speed, the U.S. National Highway Traffic Safety Administration said on Wednesday.
The regulator said the instrument panel’s software will be updated by a dealer or through an over-the-air (OTA) update, free of charge. Continue reading “Ford to recall nearly 230,000 US vehicles over instrument panel display failure, NHTSA says”
NEW YORK, (Reuters) – A U.S. bankruptcy judge on Wednesday ordered an independent investigation into auto parts maker First Brands, allocating a $7 million budget to probe allegations of fraud involving the company’s use of third-party financing for customer invoices.
U.S. Bankruptcy Judge Christopher Lopez in Houston, who is overseeing the bankruptcy, did not decide who would conduct the investigation, instead directing the U.S. Department of Justice’s bankruptcy watchdog to make an appointment. Continue reading “Court orders independent probe into First Brands fraud allegations”
Source : PTI | Delhi Chief Minister Rekha Gupta on Tuesday flagged off 40 electric buses and accused the previous AAP government of not working to address the pollution issue in the national capital.
She inaugurated the newly redeveloped state-of-the-art DTC bus terminal at Azadpur.
She said every transformation visible in Delhi today is the result of the people’s trust and mandate. Continue reading “1,400 buses flagged off in just eight months: Delhi CM”
By WAF Think Tank
In a landmark moment for India’s fast-accelerating electric mobility journey, MG Motor’s Windsor has shattered records to become the fastest-selling electric vehicle to cross 50,000 units. What began as a bold experiment in accessible, future-ready mobility has now turned into a full-blown success story—one that is reshaping how Indian consumers perceive and adopt EVs.
A Milestone That Signals Mainstream EV Adoption
Surpassing the 50,000-unit sales mark isn’t just a number. It’s a strong signal that the Indian EV market has reached a tipping point. The MG Windsor, with its mix of thoughtful design, advanced tech, and dependable real-world range, has clearly struck the right chord with families, first-time EV buyers, and urban commuters alike. Continue reading “MG Windsor Becomes the Fastest-Selling EV to Cross 50,000 Units”
TOKYO, (Reuters) – Japan’s Nissan will cut production by another 1,400 vehicles at its Kyushu plant next week, as the fallout from chip supply disruptions linked to Chinese-owned Nexperia continues to affect its domestic operations, a person familiar with the matter said.
The move follows a 900-vehicle reduction in output last week. Cuts this time will include the Serena minivan, as well as the Rogue SUV, known locally as the X-Trail, said the person, who declined to be named because the information is not public. Continue reading “Exclusive: Nissan to cut more output at Kyushu plant on chip supply troubles”
Summary
BERLIN, (Reuters) – German automotive suppliers are still struggling with a global chip supply shortage triggered by a trade dispute over manufacturer Nexperia, with thousands of workers facing production disruptions at Bosch, the company said on Tuesday.
China and the Netherlands have been locked in a battle for control of Nexperia, although there are hopes of some easing in the stand-off with the Dutch government sending a senior delegation to Beijing this week to try to find a compromise. Continue reading “Auto sector grapples with Nexperia disruption amid hopes for Dutch-China talks”
WASHINGTON, (Reuters) – The CEOs of the Detroit Three automakers and a senior Tesla executive have been invited to appear at a Jan. 14 Senate hearing on the impact of auto regulations and vehicle prices, Reuters has learned.
General Motors CEO Mary Barra, Ford CEO Jim Farley, Stellantis CEO Antonio Filosa and Tesla Vice President of Vehicle Engineering Lars Moravy have been asked to appear at the previously unreported Senate Commerce Committee hearing that will review the impact of vehicle emissions and electric vehicle regulations on auto prices. Continue reading “Detroit Three CEOs, Tesla VP asked to testify at US Senate hearing”
(Reuters) – Amazon’s self-driving unit Zoox started offering free rides to some early users in parts of San Francisco, it said on Tuesday, as it steps up expansion amid rising competition in the autonomous ride-hailing sector.
Tesla’s launch of its robotaxi service this year and accelerated expansion by Alphabet’s Waymo have renewed focus on commercializing autonomous vehicles, even as high investments, tight regulations and federal investigations have forced many to shut down. Continue reading “Amazon’s Zoox opens free robotaxi rides for early users in parts of San Francisco”
(Reuters) – Tesla has received a permit to operate a ride-hailing service in Arizona, a state regulator said on Tuesday, in a step toward the electric vehicle maker’s plans of running a self-driving robotaxi service.
Tesla this year launched a robotaxi service in Austin, Texas, with a safety monitor in the front passenger seat, followed by a ride-hailing service in the San Francisco Bay Area with human drivers using a version of its Full Self-Driving software. Continue reading “Tesla gets permit for ride-hailing service in Arizona”
WASHINGTON, (Reuters) – Tesla CEO Elon Musk and Nvidia CEO Jensen Huang will take part in a discussion on advances in artificial intelligence at a U.S.-Saudi Arabia investment forum in Washington on Wednesday, according to a document seen by Reuters.
“This conversation will explore the emerging forces shaping the next wave of technological progress, highlighting the architectures, models, and investments powering a more intelligent and interconnected future,” the document said. Continue reading “Elon Musk, Jensen Huang to talk AI at US-Saudi investment forum”
Summary
TOKYO, (Reuters) – Within days of China urging its citizens not to travel to Japan due to a diplomatic dispute, Tokyo-based tour operator East Japan International Travel Service had lost 80% of its bookings for the remainder of the year.
The small firm, which specialises in group tours largely for Chinese clients, is at the sharp end of a backlash that threatens to deal a sizeable blow to Japan’s economy, the world’s fourth largest. Continue reading “Japan counts cost of China’s travel boycott as tensions flare”
Source : PTI | Showcasing significant progress in its fight against air pollution, the Haryana government on Tuesday highlighted major achievements and new initiatives during a review meeting held by the Ministry of Environment, Forest and Climate Change (MoEF&CC).
Haryana’s Additional Chief Secretary of Environment, Forests & Wildlife, Sudhir Rajpal apprised the Ministry of the state’s strengthened measures across NCR-linked districts at the meeting chaired by Tanmay Kumar, Secretary at MoEF&CC. Continue reading “Haryana presents intensified action plan for pollution control”
AMSTERDAM and PHILADELPHIA, Nov. 18, 2025 (GLOBE NEWSWIRE) — Akzo Nobel N.V. (AKZA; AKZOY) (“AkzoNobel”) and Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”) today announced that they have entered into a definitive agreement to combine in an all-stock merger of equals, creating a premier global coatings company with an enterprise value of approximately $25 billion. Continue reading “AkzoNobel and Axalta to Combine in All-Stock Merger of Equals, Creating a Premier Global Coatings Company”
(Reuters) – Data analytics firm Databricks is in talks to raise funds at a valuation of more than $130 billion, about 30% higher than its last financing round two months ago, The Information reported on Monday, citing two people familiar with the discussion.
The company declined to comment on the report.
Databricks has not signed a term sheet with any investment firms, the report added. Continue reading “Databricks in talks to raise capital at above $130 billion valuation, The Information reports”
DETROIT, (Reuters) – Amazon shoppers can browse and buy Ford Motor vehicles on the e-commerce platform starting on Monday, joining Hyundai in adding online options for customers who want to avoid dealership lots.
The Dearborn, Michigan-based automaker and the tech company said customers will be able to shop a participating dealer’s inventory of used vehicles directly through Amazon. Continue reading “Ford to sell used vehicles on Amazon, joining Hyundai”
Summary
(Reuters) – A California state judge has ruled that more than 6,000 Black workers at Tesla’s flagship assembly plant cannot sue over alleged racial harassment as a class, reversing an earlier ruling in a major victory for CEO Elon Musk’s electric vehicle maker.
California Superior Court Judge Peter Borkon ruled on Friday that the 2017 lawsuit could not move forward as a class action because many of the 200 workers chosen at random to testify ahead of a trial scheduled for 2026 were unwilling to do so. Continue reading “Tesla wins bid to undo race bias class action by Black factory workers”
