Summary

• Sees soft market demand for high performance luxury EVs
• Ferrari to launch its first EV model later this year
• First EV to be a “large” model but not SUV
• Competitors postponed or scaled back EV ambitions

MILAN, (Reuters) – Ferrari has delayed plans for its second fully-electric model that was due out in 2026 to at least 2028, because of a lack of demand for high-performance luxury EVs, two sources close to the matter told Reuters. Continue reading “Exclusive: Ferrari delays second EV model to at least 2028 because of weak demand, sources say”

Summary

• May exports -1.7% yr/yr vs forecast -3.8%
• Imports fall 7.7% yr/yr in May
• Japan scrambling to get exemptions from US auto tariffs
• Ishiba says some disagreements persist between Japan and US

TOKYO, (Reuters) – Japan’s exports fell in May for the first time in eight months as big automakers like Toyota were hit by sweeping U.S. tariffs, and the failure of the Asian nation to clinch a trade deal this week will likely pile pressure on its fragile economy. Continue reading “Japan’s exports post first drop in 8 months as auto firms hit by US tariffs”

Summary

• China has severely restricted antimony exports, including ban on shipments to US
• As prices soar, US battery association views shortage as a national emergency
• Battery makers are passing higher costs on to customers

MELBOURNE, (Reuters) – When China restricts exports of a key mineral, sometimes the pain is sudden and even crippling – enough to spur a major outcry almost immediately. Other times, it takes longer to be felt.

For the world’s makers of lead-acid batteries, China’s restrictions on critical mineral antimony that were put in place late last year have become a major headache – one that their customers also now have as sky-high procurement costs are passed on. Continue reading “Battery makers sweat as antimony shortage hits after China’s export curbs”

DETROIT, (Reuters) – The federal monitor overseeing the United Auto Workers union has found that its president, Shawn Fain, retaliated against the union’s secretary-treasurer after disagreements over spending.

Secretary-Treasurer Margaret Mock had some of her duties reassigned for her refusal or reluctance to authorize certain expenditures for Fain’s office, New York attorney Neil Barofsky said in a report released on Tuesday. Continue reading “UAW President Fain found to have retaliated against top officer in expenses feud”

Source : PTI | The Competition Commission of India (CCI) on Tuesday cleared Mahindra & Mahindra’s proposed acquisition of a nearly 59 per cent stake in commercial vehicle maker SML Isuzu for ₹555 crore.

Mahindra & Mahindra in April announced the acquisition of a 58.96 per cent stake in SML Isuzu for ₹555 crore. Continue reading “CCI approves Mahindra’s ₹555 crore acquisition of 59% stake in SML Isuzu”

KANANASKIS, Alberta (Reuters) – In a surprise move, Canadian Prime Minister Mark Carney said on Monday he had agreed with U.S. President Donald Trump that their two nations should try to wrap up a new economic and security deal within 30 days.

The announcement came only a few hours after Canadian officials said the two sides still had plenty of work ahead before they could seal the agreement. Continue reading “Carney says he and Trump are aiming for a Canada-US deal inside 30 days”

KANANASKIS, Alberta, (Reuters) – U.S. President Donald Trump and British Prime Minister Keir Starmer on Monday said they had finalized a trade deal reached between the two allies last month.

Trump, standing alongside Starmer at the Group of Seven summit in Canada, said the relationship with Britain was “just fantastic,” as he waved, and briefly dropped, a document which he said he had just signed. Continue reading “Trump, Starmer say US-UK trade deal finalized”

WASHINGTON, (Reuters) – U.S. Senate Republicans on Monday proposed a tax and budget bill that would end the $7,500 tax credit on new electric vehicle sales 180 days after the measure is signed into law and immediately end the credit for leased EVs made outside North America.

Republicans have taken aim at EVs on a number of fronts, a u-turn from former President Joe Biden’s policy that encouraged electric vehicles and renewable energy to fight climate change and reduce emissions. Continue reading “Senate Republicans seek to kill $7,500 EV tax credit”

(Reuters) – British luxury carmaker Jaguar Land Rover lowered its fiscal 2026 earnings before interest and taxes margins forecast to 5%-7% on Monday from 10% earlier, amid uncertainty in the global auto industry as U.S. tariffs loom.

Shares in the company’s Indian parent Tata Motors slumped as much as 5.2% in early trade following the announcement. Continue reading “British carmaker JLR trims FY26 margin forecast on US tariff concerns”

Source : PTI | Home-grown Tata Steel, which is adopting low carbon emitting steel making technologies in India and Europe, aims to have 10-15 million tonnes of production through recycling route in the next 10-15 years, the company’s CEO and MD T V Narendran has said.

In FY25, Tata Steel produced 30.92 million tonnes of steel out of its total capacity of 35 million tonnes spread over India, the UK, the Netherlands and Thailand. Continue reading “Tata Steel targets 15 MTPA green steel via recycling by 2040”

(Reuters) – Tesla said on Thursday it upgraded its Model S and Model X cars in the U.S. and raised their prices by $5,000, according to the electric vehicle maker’s post on X and its website.

Prices were hiked for all configurations of the two models by $5,000, Tesla’s website showed. Continue reading “Tesla upgrades its Model S and X cars in US, raises prices by $5,000”

TOKYO, (Reuters) – Nissan Motor CEO Ivan Espinosa said the automaker plans to reduce its stake in French partner Renault, the Nikkei business newspaper reported on Monday.

Nissan and Renault had said in March they had agreed to reduce their required minimum stake in each other to 10% from 15%. Under their agreement, any share sale has to be coordinated with the other party and includes a right of first-refusal. Continue reading “Nissan plans to reduce stake in Renault, CEO Espinosa tells Nikkei”

Summary

• De Meo oversaw post-pandemic turnaround at Renault
• Le Figaro reports he will take over from Pinault as Kering CEO
• Pinault has been mulling splitting CEO, chairman roles, source says
• Kering’s Gucci label has been struggling

PARIS, (Reuters) – Renault CEO Luca de Meo is leaving the French carmaker to pursue a role outside the auto industry, the company said on Sunday, and newspaper Le Figaro reported he would become the new chief executive of Gucci-owner Kering. Continue reading “Renault boss De Meo quits; report says he will head Gucci-owner Kering”

Source : PTI | Tyre maker Continental is looking to expand its passenger vehicle and light truck tyres business in India, as it aims to focus on products catering to the robustly growing utility vehicle segment, according to a top company official.

The company expects strong growth potential in larger-inch and ultra-high-performance tyres designed for SUVs, 4x4s, and sporty vehicles, aligning seamlessly with current market trends.

Continue reading “Continental to scale up passenger vehicle tyre biz to meet evolving consumer demand”

Source : PTI | In a relief to Japanese automobile company Yamaha, the Bombay High Court has set aside an order refusing it a trademark similar to one already registered by Honda Motor Company and directed the registrar, Trade Marks, to adjudicate the issue afresh.

A bench of Justice Manish Pitale on June 13 said while a bare perusal of the two trademarks – Yamaha’s WR and Honda’s WR-V – may cause confusion in the minds of the public, the authority ought to have considered the case as exceptional circumstances and issued an advertisement seeking objections from the public before rejecting Yamaha’s application. Continue reading “Bombay HC quashes order refusing Yamaha trademark similar to Honda’s; directs authority to decide afresh”

STOCKHOLM, (Reuters) – Swedish pension fund AP7 said on Friday it has blacklisted and sold all its shares in U.S. electric vehicle maker Tesla, citing violations of union rights in the United States.

“AP7 has decided to blacklist Tesla due to verified violations of labor rights in the United States,” the pension fund said in a statement. Continue reading “Swedish pension fund AP7 blacklists Tesla, has sold entire stake”

(Reuters) – Ford Motor Co is struggling with supplies of rare earth magnets, the automaker’s CEO Jim Farley told Bloomberg News in an interview on Friday.

China, which controls more than 90% of global rare earth processing capacity, imposed new export licensing rules in April, tightening supply to Western manufacturers of everything from cars and fighter jets to household appliances. Continue reading “Ford struggles with supply of rare earth magnets, CEO tells Bloomberg News”

Summary

• May imports to Port of Los Angeles down 9% year-on-year
• Incoming cargo due to rebound after China tariffs lowered to 30% from 145%
• Industry expects 2025 forecasts to decline from 2024 level

LOS ANGELES, (Reuters) – Imports to the busiest U.S. seaport at Los Angeles dropped 9% year-on-year in May and could remain muted through the remainder of 2025, after companies responded to President Donald Trump’s 145% tariffs on China by canceling or putting holds on shipments, according to port officials. Continue reading “Busiest US seaport takes hit from 145% China tariffs, worries remain”

NEW YORK, (Reuters) – Private equity firms including Blackstone and Apollo Global Management have expressed interest in acquiring U.S. trucker Forward Air, people familiar with the matter said.

They signed confidentiality agreements with the company, allowing them to review documents and receive other information to shape a potential bid. Platinum Equity and Clearlake Capital are also able to review material after having signed agreements, the sources said. Continue reading “US trucker Forward Air attracts takeover interest from buyout firms, sources say”

Summary

• States say U.S. Senate action was unlawful
• Trump says California EV rules a ‘disaster’
• Automakers praise action calling EV rules unworkable

WASHINGTON, (Reuters) – A group of 11 states led by California on Thursday filed suit challenging a repeal by Congress of the state’s 2035 electric vehicle rules and heavy duty truck requirements.

U.S. President Donald Trump on Thursday signed three resolutions approved by lawmakers barring California’s electric vehicle sales mandates and diesel engine rules, including its landmark plan to end the sale of gasoline-only vehicles by 2035. Continue reading “California, 10 other states sue to block Trump from killing 2035 EV rules”

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Auto companies ‘in full panic’ over rare-earths bottleneck WAF Continue reading “WAF Auto News | The Auto World This Week (13th June 2025)”

Tata Motors, India’s largest commercial vehicle manufacturer, announces the launch of factory-fitted air conditioning systems across its entire truck range. This significant upgrade spans the SFC, LPT, Ultra, Signa, and Prima cabins, while also extending to cowl models for the first time. Tata Motors also introduces a series of value additions, including power output enhancements, reinforcing its commitment to set new benchmarks in performance and drivability. Continue reading “Tata Motors Elevates Driver Comfort, Launches Air Conditioned Cabins and Cowls across its Truck Range”

Summary

• Shri Nitin Gadkari, Hon’ble Minister of Road Transport and Highways presented the Bharat NCAP certificate to Maruti Suzuki
• Maruti Suzuki will be having all models across all variants with 6 airbags as standard within this year
• All variants of MSIL models are already equipped with Electronic Stability Program+ (ESP®) – the widest portfolio* in the industry and well ahead of regulatory requirement

New Delhi: Maruti Suzuki India Limited, India’s passenger vehicle market leader, was presented a comprehensive 5-star rating for the All-New Dzire in Bharat New Car Assessment Program (Bharat NCAP) by Shri Nitin Gadkari, Hon’ble Minister of Road Transport and Highways. With the 5-star Bharat NCAP rating, the All-New Dzire becomes India’s first sedan to receive this recognition. The other model tested under Bharat NCAP, the New Age Baleno scored an impressive 4-star#. Continue reading “Maruti Suzuki’s All-New Dzire becomes India’s first 5-star Bharat NCAP-rated sedan, sets a new safety benchmark”

TURIN, Italy, (Reuters) – Stellantis is currently unaffected by supply bottlenecks for rare earths from China, but the automaker had past difficulties in managing the situation, the head of its European operations said on Thursday.

China, which controls over 90% of global processing capacity for rare earths used in everything from automobiles and fighter jets to home appliances, imposed restrictions in early April requiring exporters to obtain licenses from Beijing. Continue reading “Stellantis ‘fine for June’ on rare earth supplies, top manager says”

Summary

• First year in three Toyota chair not opposed by proxy advisers
• Firm seeks $33 billion Toyota Industries buyout to improve ties
• Deal would strengthen family control at expense of minority holders, critics say

TOYOTA CITY, Japan, (Reuters) – Toyota Motor shareholders re-elected Akio Toyoda as chairman on Thursday, highlighting support among mom-and-pop investors even as the Japanese automaker’s $33 billion buyout of a group company draws criticism from overseas shareholders. Continue reading “Toyota chairman re-elected against backdrop of $33 billion buyout bid”

Source : PTI | India’s ethanol production capacity has jumped more than four times in the last 11 years of the Modi government to 1,810 crore litres annually with the help of favourable policy initiatives, according to a senior official.

With an enhanced installed production capacity, the blending of ethanol with petrol has surged to nearly 19 per cent from 1.53 per cent in 2013, leading to huge saving in foreign exchange — more than ₹1.10 lakh crore — as well as benefits to sugarcane and foodgrain farmers. Continue reading “Ethanol production capacity jumps over 4-fold to 1,810 cr litres in 11 yrs of Modi govt: Official”

WASHINGTON, (Reuters) – An influential consumer organization on Wednesday urged Republican lawmakers to drop a plan to impose a proposed $250 annual fee on electric cars to pay for road repairs.

Consumer Reports, which also tests and rates new vehicles, noted that Republican Senator Bernie Moreno has called for boosting the proposed yearly fee to $500 for EVs and $250 for plug-in hybrids versus the tax and budget bill over the fee in the bill approved by the U.S. House in May. Continue reading “Consumer Reports urges Congress to drop electric vehicle tax proposal”

Summary

• Marelli says 80% of lenders signed deal supporting its restructuring
• Says 100% of its secured debt would be eliminated
• Nissan says it is committed to supporting Marelli

TOKYO, (Reuters) – Nissan supplier Marelli Corp filed for Chapter 11 bankruptcy protection in the United States on Wednesday, the Japanese auto parts company said in a statement, after months of uncertainty about its talks with creditors. Continue reading “Nissan supplier Marelli files for Chapter 11, secures $1.1 billion in new financing”

Summary

• Polestar launching in French market after expansion delays
• Orders open on Wednesday with first deliveries due in October
• Aims for France to become one of top European markets, UK currently largest

PARIS, (Reuters) – Swedish premium carmaker Polestar will start delivering its electric vehicles in France this year with the goal of making it one of its three main European markets, its top executive for the country told Reuters. Continue reading “Polestar restarts market expansion with France”

Summary

• Musk says he regrets some of his posts, does not say which
• Comments follow bitter public dispute
• Trump on Monday said he wished Musk well
• Tesla shares down 19% this year

(Reuters) – Billionaire businessman Elon Musk backed off digs he took at President Donald Trump after extensive outreach from administration officials, including Vice President JD Vance, with Musk saying on Wednesday he had gone “too far.” Continue reading “Musk backtracks on Trump criticism after White House outreach”

Summary

• First time in 3 years Toyoto chair not opposed by proxy adviser
• But $33 billion Toyota Industries deal faces criticism
• Some investors unhappy over treatment of minority shareholders

TOYOTA CITY, Japan, (Reuters) – Toyota Motor Chairman Akio Toyoda is likely to face scrutiny over a $33 billion take-private deal of a key supplier when shareholders assemble for the Japanese automaker’s annual general meeting on Thursday.

This year’s gathering, set to kick off at 10:00 a.m. (0100 GMT), marks the first time in three years that Toyoda isn’t being opposed by a shareholder proxy adviser. Continue reading “Toyota chairman to face scrutiny over $33 billion deal at shareholder meeting”

Summary

• Robotaxis seen as key to Tesla’s future as company pivots from mass-market, cheaper EVs
• Texas’ regulation-free stance raises safety concerns for autonomous vehicles
• Musk says company will use geofencing and remote monitoring
• NHTSA seeks details on unanswered questions about Austin rollout
• Tesla to use remote backup drivers, limit area where taxis operate

(Reuters) – Tesla faces an existential test this month as it aims to launch self-driving “robotaxis” in its home base of Austin, Texas, where public-safety officials are increasingly concerned about the state’s anti-regulation stance toward autonomous vehicles. Continue reading “Elon Musk’s robotaxi launch in Texas tests his vision of Tesla’s future”

Summary

• BYD, Chery, Geely and Xiaomi among automakers to make pledges
• Pledges follow steel association outcry, regulatory pressure
• China suppliers hurting from brutal price war that has cut profits

SHANGHAI, (Reuters) – Major Chinese car manufacturers have pledged to make payments to suppliers within 60 days, responding to a recent outcry from steelmakers over long payment times as well as regulatory pressure as the backlash to a brutal price war grows. Continue reading “Chinese carmakers vow to make supplier payments within 60 days as backlash grows”

Summary

• Maruti to cut production in first half of FY25-26 by two-thirds
• Aims to make up lost ground later to meet full-year target
• China’s curbs on rare earth exports have hit global car industry
• Indian auto companies yet to see magnet supplies resume

NEW DELHI, (Reuters) – Maruti Suzuki has cut near-term production targets for its maiden electric vehicle e-Vitara by two-thirds because of rare earths shortages, a document showed, in the latest sign of disruption to the auto industry from China’s export curbs. Continue reading “Exclusive: India’s Maruti Suzuki cuts near-term EV production amid rare earths crisis”

Summary

• Automaker told investors it expects no near-term rare earths-related disruptions-source
• Hyundai managed to boost rare earths inventory recently when China export curbs relaxed slightly-source
• Automaker also holds about a one-year inventory of rare earths-related magnets-source

SEOUL, (Reuters) – Hyundai Motor has a rare earths stockpile that can last about a year and it does not expect any near-term impact from global supply chain disruptions caused by China’s export curbs, said a person who attended a company investor call. Continue reading “Exclusive: Hyundai Motor has a rare earths stockpile that can last about a year, source says”

Summary

• China’s ruling Communist Party mouthpiece condemns “zero-mileage used cars”
• Resale of brand new cars as second-hand cars a growing problem in China’s car industry
• People’s Daily newspaper says practice used by Chinese car makers to inflate sales data
• State-run newspaper urges stricter car tracking and other “tough regulatory action”

BEIJING, (Reuters) – The Chinese practice of selling brand new cars as heavily discounted second-hand vehicles to get rid of inventory should be ended, the official newspaper of the country’s governing Communist Party said in an article published on Tuesday. Continue reading “Chinese state media calls for crackdown on ‘zero-mileage used cars’”

TOKYO, (Reuters) – Some investors in Toyota Industries voiced disapproval of a $33 billion buyout offer on Tuesday, adding to criticism that the bid from Japanese parent Toyota Motor was unfair to minority shareholders.

The 4.7 trillion yen ($33 billion) offer to take the forklift maker private has already come under fire from international shareholders including London-based Zennor Asset Management and Hong Kong-based Oasis Management. But on Tuesday, domestic shareholders at what is likely to be the company’s last annual general meeting before it is taken private, also expressed their concerns about the plan. Continue reading “Toyota supplier hit with criticism at shareholder meeting over $33 billion deal”