HONG KONG, (Reuters) – Japan’s Nissan Motor has raised $4.52 billion in U.S. dollar- and euro-denominated senior unsecured bonds, according to a term sheet reviewed by Reuters on Friday, with the proceeds intended to refinance existing debt.

The issuance comes about a week after Reuters reported that Nissan has asked some suppliers to allow it to delay payments to free up short-term funds, highlighting its scramble to boost cash. Continue reading “Nissan Motor raises $4.5 billion in bond sales, term sheet shows”

Summary

• Annual investor meet set for November 6
• Shareholder proposals deadline set for July 31
• Grok chatbot to be integrated to Tesla vehicles next week

(Reuters) – Tesla will hold its annual shareholder meeting on November 6, it said on Thursday, a day after a group of 27 investors urged the Elon Musk-led electric automaker to set a date, citing legal obligations.

The company, which held its last meeting in June 2024, has been grappling with a series of events such as Musk’s public feud with President Donald Trump, the end of EV tax credits and a sales slump due to aging vehicle lineup. Continue reading “Tesla to hold annual shareholder meeting in November as investor scrutiny mounts”

(Reuters) – Ford Motor is recalling 850,318 vehicles in the U.S. due to a potential low-pressure fuel pump failure, which could cause an engine stall, the U.S. National Highway Traffic Safety Administration said on Thursday.

A faulty fuel pump can reduce fuel flow from the tank to the engine, causing an engine stall and increasing the risk of a crash, NHTSA said. Continue reading “Ford recalls more than 850,000 vehicles in US over fuel pump defect”

(Reuters) – Electric vehicle maker Tesla inched closer to start its sales in India, as it said on Friday it would be opening its first showroom at the financial hub of Mumbai on July 15, dubbed as an “experience center”.

Reuters reported in March that the Elon Musk-led company had signed a lease deal to open its first showroom in Mumbai to start its sales in India. Continue reading “Tesla to open first India store on July 15 in Mumbai”

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(Reuters) – Grok AI will be available in Tesla vehicles next week “at the latest”, the EV maker’s CEO, Elon Musk, said in a post on X on Thursday.

Musk’s AI startup xAI launched Grok 4, its latest flagship AI model, on Wednesday. While Musk had earlier said Tesla vehicles would be equipped with Grok, the billionaire CEO had not shared a timeline.

Tesla did not immediately respond to a request for comment. Continue reading “Grok AI to be available in Tesla vehicles next week, Musk says”

(Reuters) – Polestar reported a surge in second-quarter sales on Thursday, bolstered by strong demand for its electric vehicles in its home market of Europe, even as it faces challenges in markets such as the U.S.

Shares of the company rose more than 5%.

Demand for Polestar’s EVs has remained resilient in Europe due to offers and discounts, while several other markets have been weighed by high interest rates, inflation and availability of more affordable hybrid or gas-powered options. Continue reading “Polestar’s quarterly EV sales jump as strength in Europe offsets US struggles”

By Swaraj Baggonkar, Financial Express

After cements, paints and ports, JSW Group has big plans for the automotive sector. Parth Jindal, MD, JSW Cement and JSW Paints, shares with Swaraj Baggonkar the details of the group’s plans, including the launch of a new electric car at Rs 10 lakh, besides plans to hike equity in JSW MG Motor India.

Will you offer more products in the mass market segment?

We are working on an electric vehicle (EV) which will be smaller than the Windsor. We hope we can bring in that model in the Rs 10-12 lakh price bracket. We will also bring in a larger SUV, which will be offered with three drivetrains – EV, hybrid and ICE (internal combustion engines). Continue reading “‘We will launch a Rs 10-lakh electric car soon’: Parth Jindal”

By Mobility Outlook

JSW MG Motor India has taken a bold step toward reshaping the premium automotive retail experience with the launch of MG SELECT, an exclusive new-age luxury brand concept. Marking the beginning of this initiative, the company today inaugurated its first MG SELECT Experience Centre in Thane, Maharashtra.

Anurag Mehrotra, Managing Director of JSW MG Motor India, stated, “Luxury consumption in India has grown exponentially in recent years. With MG SELECT, we aim to create a niche for luxury car buyers by redefining and elevating the car ownership journey. Our vision aligns with our dealer partners, and together we intend to set new benchmarks in offering technologically advanced products and exclusive experiences.” Continue reading “JSW MG Motor Launches First Experience Centre In Thane”

Source : PTI | Clean energy firm Gentari and Shell India have formed a strategic partnership to improve electric vehicle (EV) charging accessibility nationwide, according to a company announcement on Thursday.

The partnership aims to provide access to a collective network of over 450 EV charging points across India.

“Effective July 10, Shell Recharge charging points will be accessible through the Gentari Go app, and Gentari chargers will be available to Shell Recharge users, giving them access to a network of more than 450 chargers,” Gentari said in a statement. Continue reading “Gentari, Shell India forge EV charger roaming partnership in India”

TOKYO, (Reuters) – Nissan Motor has suspended U.S. production of three vehicle models for Canada amid mutual tariffs imposed by the U.S. and Canada on auto imports, the automaker said.

It has halted production of Pathfinder and Murano SUVs and Frontier pickup trucks, the Japanese automaker said in a statement late on Wednesday, without saying when the suspension went into effect or how long it expected it to stay in place. Continue reading “Nissan says it has halted US production of three models sold in Canada”

Summary

• Robotaxi success key for Tesla’s future valuation
• California imposes strict regulations on autonomous vehicle operations
• Tesla’s Austin test faced traffic, driving issues

SAN FRANCISCO, (Reuters) – Tesla will expand its robotaxi service to the San Francisco Bay Area “in a month or two”, depending on regulatory approvals, CEO Elon Musk said on Wednesday.

Tesla last month rolled out a test of the long-promised service in a limited area of Austin, Texas, with about a dozen vehicles, a select group of passengers and many restrictions, including a safety monitor in the front passenger seat. Continue reading “Tesla to expand robotaxis to San Francisco area within two months, Musk says”

BEIJING, (Reuters) – Chinese electric vehicle maker BYD on Wednesday promised to take responsibility for losses to cars with its God’s Eye assisted driving systems in smart parking scenarios in China.

BYD has achieved smart parking equivalent to level 4, meaning drivers can take their hands, eyes and minds off the driving task under certain conditions, with automakers held liable for accidents, it said in a statement. Continue reading “BYD makes safety pledge for cars with proprietary assisted driving in China”

(Reuters) – A group of 27 major Tesla shareholders urged the electric automaker’s board on Wednesday to set a date for its annual shareholder meeting this year, citing legal obligations and growing governance concerns.

Tesla is close to missing a legal deadline and has not announced this year’s meeting, the group consisting of U.S. state treasurers, pension funds and governance experts said in a letter. Continue reading “Tesla investors ask board to set date for overdue annual shareholder meeting”

FRANKFURT, (Reuters) – Porsche expects a 300 million euro ($351 million) hit to results as a consequence of absorbing U.S. import tariffs in April and May, the luxury sportscar manufacturer said in slides published after an investor call ahead of quarterly results.

The company had previously spoken only of a hit in low triple-digit million euros for the two months, without giving a firm number. Continue reading “Porsche expects $351 million tariff hit for April and May”

Summary

• EV sales expected to get a lift as tax-credit expiration nears
• Automakers offer incentives to boost EV sales before tax credit ends
• Tax credit set to disappear September 30

DETROIT, (Reuters) – Automakers are urging customers to snap up electric vehicles before a $7,500 U.S. tax credit goes away this fall.

Tesla’s homepage on Tuesday displayed a banner: “$7,500 Federal Tax Credit Ending. Take Delivery by September 30, 2025.” Continue reading “Automakers push EV sales as $7,500 US tax credit is set to end”

Source : PTI | Policy interventions can enable unlocking of USD 3.5 billion lithium ion recycling and production ecosystem in the country by 2030, a report by industry body India Cellular and Electronics Association (ICEA) and Accenture said on Wednesday.

The report estimates that without any policy intervention and measures to facilitate investments, the present lithium battery (LiB) recycling expansion plans have the potential to generate revenue in the range of USD 500-1,000 million between 2025 and 2030. Continue reading “Policy intervention can help unlock $3.5-bn li-ion battery recycling, production in India: Report”

(Reuters) – German luxury sports carmaker Porsche said on Tuesday its sales fell in the first half of the year, blaming challenging market conditions and intense competition for a 28% slump in the Chinese market.

Globally the sales of the carmaker fell 6% and Porsche delivered a total of 146,391 vehicles worldwide, but they grew by 10% in North America, its largest region. Continue reading “Porsche’s sales fall globally in first half, China leads slump”

LONDON, (Reuters) – Chery said on Tuesday it will launch sales of its Chery brand in Britain in the coming weeks with two new SUV models, joining a growing number of Chinese automakers and brands competing for share in one of Europe’s most competitive car markets.

Chery launched its Omoda brand in Britain last August, followed by its Jaecoo brand in January. Continue reading “China’s Chery brand to launch in Britain with two new SUVs”

(Reuters) – Ford Motor said Tuesday it believes its planned $3 billion Michigan electric vehicle battery plant, which is 60% complete, will qualify for production tax credits after a massive tax and budget bill revised the rules.

In May, Ford had sounded the alarm over the potential for the U.S. government to eliminate production tax credits that support the manufacturing of electric vehicle batteries using Chinese technology in the House version of legislation. Continue reading “Ford says Michigan EV battery plant ‘on track’ for production tax credits”

Summary

• China June car sales +18.6% y/y vs +13.9% y/y in May
• EV, PHEV sales quicken, but worrying signals emerge
• Exports pick up

BEIJING, (Reuters) – China’s car sales rose in June for the fifth straight month, but reports by some major electric vehicle makers of easing demand raised concerns about intensifying competition in the world’s largest auto market. Continue reading “China car sales jump in June but EV price war concerns intensify”

Summary

• Manheim Index shows largest annual increase since August 2022
• Trump’s tariffs led to early surge in new vehicle buying
• Fed officials cautious about inflation

(Reuters) – A gauge of U.S. used vehicle prices sold at wholesale auctions that proved predictive ahead of the inflation surge following the COVID pandemic is climbing again, last month notching its largest annual increase in nearly three years. Continue reading “US used car prices surge as tariffs drive market volatility”

Summary

• US imports of antimony oxides from Thailand, Mexico surge after China ban
• Shift in trade flows points to transshipment of minerals, experts say
• Antimony shipments to US by Chinese-owned Thai Unipet soared, shipping records show

BEIJING, (Reuters) – Unusually large quantities of antimony – a metal used in batteries, chips and flame retardants – have poured into the United States from Thailand and Mexico since China barred U.S. shipments last year, according to customs and shipping records, which show at least one Chinese-owned company is involved in the trade. Continue reading “How US buyers of critical minerals bypass China’s export ban”

TOKYO, (Reuters) – Nissan Motor has suspended production of three vehicle models for Canada at its Tennessee and Mississippi plants amid mutual tariffs imposed by the U.S. and Canada on auto exports, the Nikkei reported on Wednesday.

The production halt, which began in May, affects the Pathfinder and Murano SUVs made in Tennessee and the Frontier pickup trucks produced in Mississippi, the report said. Continue reading “Nissan has halted production of three models for Canada at two US plants, Nikkei reports”

Mr. Vikram Pawah to take charge as Chief Executive Officer of BMW Group Australia and New Zealand.

BMW Group India has announced a change in personnel at the helm with Mr. Hardeep Singh Brar being appointed as the President and Chief Executive Officer effective 1 September 2025.

Mr. Hardeep Singh Brar succeeds Mr. Vikram Pawah who is taking charge as Chief Executive Officer of BMW Group Australia and New Zealand. Continue reading “Mr. Hardeep Singh Brar appointed as President and Chief Executive Officer of BMW Group India”

Summary

• Tesla stock set to lose $80 billion in market valuation
• Investors raise concerns over Musk’s political involvement
• Board’s action over Musk’s role and priorities in focus

(Reuters) – Tesla shares fell nearly 8% on Monday after CEO Elon Musk’s plans to launch a new U.S. political party reignited concerns about his commitment to the company’s future as it struggles with declining sales.

Musk unveiled the ‘America Party’ over the weekend after a public dispute with President Donald Trump on the tax-cut and spending bill. Trump, once an ally of Musk, called the latest idea “ridiculous”. Continue reading “Tesla slides as Musk’s ‘America Party’ heightens investor worries”

(Reuters) – Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares on Monday after CEO Elon Musk’s plans to launch a new U.S. political party heightened concerns about his commitment to the company’s future.

The company’s shares slumped 7.5% in early trading after Musk’s political move, which followed an open feud with Donald Trump over the U.S. president’s tax-cut and spending bill. Continue reading “Tesla short sellers set to pocket about $1.4 billion in profits after stock slump”

SAO PAULO, (Reuters) – Brazil’s auto production fell 6.5% in June from the previous month, totaling 200,764 units, data released by automakers association Anfavea showed on Monday.

Auto sales in Latin America’s largest economy were down 5.7% in the month to 212,932 units, the group added. Continue reading “Brazil’s auto sales, production dip in June”

(Reuters) – Europe’s car industry could return to producing 16.8 million cars a year, equalling its post-2008 crisis peak, if the European Union maintains its 2035 clean cars target and implements policies to support the transition, a study published by campaign group Transport & Environment showed on Tuesday.

Conversely, deploying no industrial strategy and going back on the 2035 target that all new cars and vans sold in the EU no longer emit carbon dioxide could result in a loss of 1 million auto industry jobs and two-thirds of planned battery investments, T&E said in a statement. Continue reading “Abandoning EU’s 2035 zero-emission car target would risk 1 million jobs, study says”

(Reuters) – U.S. President Donald Trump’s tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.

Here is a timeline of the major developments:

February 1 – Trump imposes 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, demanding they curb the flow of fentanyl and illegal immigrants into the United States. Continue reading “How Trump’s trade war is upending the global economy”

Source : PTI | Delhi Chief Minister Rekha Gupta on Sunday said her government will urge the Supreme Court to allow uniform rules on overage vehicles in the national capital in line with those followed across the country.

Gupta’s remarks came after Delhi Lieutenant Governor V K Saxena wrote to her saying it is “irrational” to imagine that a 10-year-old diesel vehicle has reached its end of life in Delhi while remaining roadworthy and lawful in any other city under the same law. Continue reading “Delhi to urge SC for uniform policy on overage vehicles: CM Gupta”

Source : PTI | In a confrence held at New Delhi, Road safety experts on Monday made a case for dedicated lanes for two-wheelers and strict enforcement of laws to prevent accidents.

Speaking at a seminar on road safety, Institute of Road Traffic Education (IRTE) President Rohit Baluja said that the authorities should consider a separate ane for two-wheelers as it will ensure safety of drivers.

Continue reading “Road safety experts pitch for dedicated lanes for 2-wheelers”

Source : PTI | Companies involved in the sale of second-hand cars saw a rise in queries from customers during the first three days of the fuel ban on overage vehicles, with customers from other parts of the country inquiring about getting cars from Delhi at throwaway prices.

The ‘no fuel’ to end-of-life vehicles came into place on July 1. However, within three days, the Delhi government urged the Centre’s air quality panel to immediately suspend the directive and said it will make “all-out efforts” to resolve issues related to restrictions on the movement of end-of-life vehicles on city roads.

Continue reading “No fuel to overage vehicles rule spurs rise in queries for buying second-hand cars from Delhi”

Summary

• Thailand’s EV incentives face pressure from oversupply
• Neta’s sales in Thailand drop amid aggressive discounting and weak demand
• Neta’s downturn highlights spillover from China’s competitive auto sector

BANGKOK, (Reuters) – Hyper-competition in China’s electric vehicle sector is spilling over to its biggest market in Asia, Thailand, as smaller players struggle to compete with dominant BYD, putting ambitious local production plans at risk.

Neta, among the earliest Chinese EV brands to enter Thailand in 2022, is an example of a struggling automaker finding it difficult to meet the requirements of a demanding government incentive programme meant to boost Thai EV production. Continue reading “China’s intense EV rivalry tests Thailand’s local production goals”

Summary

• In his feud with Trump, Musk announces “America Party”
• Musk plans challenges to Republican incumbents
• Trump calls third party “ridiculous,” says US is built for two-party system
• Investment firm delays launch of Tesla ETF

WASHINGTON, (Reuters) – President Donald Trump on Sunday called Elon Musk’s plans to form a new political party “ridiculous,” launching new barbs at the tech billionaire and saying the Musk ally he once named to lead NASA would have presented a conflict of interest given Musk’s business interests in space. Continue reading “Trump calls Musk’s formation of new party “ridiculous” and criticizes his own NASA pick”

Summary

• Nissan’s credit downgraded to junk by major rating firms
• Firm launches $1 billion convertible bond
• Nissan’s cash flow margins weaker than peers, Fitch reports

SYDNEY/TOKYO, (Reuters) – Japan’s Nissan Motor plans to sell $4 billion worth of U.S. dollar- and euro-denominated senior unsecured bonds, showed a term sheet reviewed by Reuters on Monday.

The plan comes about a week after Reuters reported that Nissan has asked some suppliers to allow it to delay payments to free up short-term funds, highlighting its scramble to boost cash. Continue reading “Nissan Motor eyes $4 billion in bond sales, term sheet shows”

TOKYO, (Reuters) – Japan’s Nissan Motor is in talks to allow Taiwan’s Foxconn to use one of the automaker’s domestic factories to build electric vehicles, said two people familiar with the matter, a deal that could save the plant from closure.

Reuters reported in May that Nissan was considering closing its Oppama plant, in the port city of Yokosuka south of Tokyo. CEO Ivan Espinosa has announced sweeping restructuring plans aimed at turning around the struggling automaker, including closing seven of Nissan’s 17 factories globally and reducing its workforce by some 15%. Continue reading “Nissan considers Foxconn EV output to save Oppama from closure, sources say”

Source : PTI | Union Minister has unveiled an ambitious roadmap for next-generation mass mobility in the country, which includes electric rapid transport, hyperloop in urban areas and ropeways, cable buses and funicular railways in inaccessible terrains.

In an interview with PTI, the Union Minister of Road Transport and Highways said India’s transport sector is undergoing a major transition, with initiatives like tree bank, mobile-based driving tests, and flex-fuel engines by 11 leading automakers in the pipeline. Continue reading “Gadkari’s mega mobility plan: Hyperloop, electric buses, ropeways on fast track”