(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

• Japan PM sparked diplomatic crisis with Taiwan comments
• China urged citizens not to travel to Japan
• Boycott could cost Tokyo $14 bln annually, estimate shows
• Rift deepens as Tokyo resists Beijing’s demand for retraction

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”

• Creates a global coatings leader with $17 billion in revenue and an enterprise value of $25 billion
• Significant value creation with approximately $600 million in cost synergies supporting strategic and capital allocation priorities
• Combines highly complementary portfolios across end markets, driving stronger revenue growth, enhanced profitability and increased value for customers
• Expands geographic reach, brings together world-class technology and innovation platforms and offers a full spectrum of solutions to deliver exceptional value to customers
• Highly attractive financial profile featuring strong EBITDA margins and robust cash flow generation
• One‑tier Board to be led by current Axalta Chair Rakesh Sachdev as Chair; AkzoNobel CEO Greg Poux-Guillaume to serve as CEO of the combined company
• Combined company to transition to a single NYSE listing; dual headquarters in Amsterdam and Philadelphia and domiciled in the Netherlands
• Companies to host joint investor conference call November 18 at 8:30 a.m. EST / 2:30 p.m. CET

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

• California judge says lawsuit can’t proceed as a class action
• Another judge had certified a class of 6,000 workers
• Multiple cases claim Black workers faced harassment

(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”

FRANKFURT, (Reuters) – China’s biggest automaker BYD is planning to double it sales network in Europe by the end of next year, a senior executive said on Monday, as part of an aggressive push into the continent’s market.

“By the end of 2025, we will be present with 1,000 points of sale in Europe, and next year we’re going to double (that),” Maria Grazia Davino, regional managing director for Europe at BYD, said at an event in Frankfurt. Continue reading “BYD aims to double European sales network by end-2026, executive says”

(Reuters) – Chinese electric vehicle maker XPeng forecast fourth-quarter revenue below estimates on Monday, as a prolonged price war and intensifying competition in the world’s largest auto market threaten to slow its growth.

The company’s U.S.-listed shares , which have more than doubled this year, fell nearly 8% in early morning trading. Continue reading “Chinese EV maker XPeng forecasts weak fourth quarter revenue amid fierce competition”

Summary

• Chinese brands gain legitimacy, challenging Western carmakers
• China-built megaport in Peru seen as gateway to the region
• EV sales still a small segment but Chinese firms see room to expand

MONTEVIDEO/LIMA, (Reuters) – When Peruvian green energy entrepreneur Luis Zwiebach wanted to buy an electric vehicle in 2019, he flew 4,000 miles to California to test drive Tesla’s Model 3 sedan. But Tesla lacked an official importer and he couldn’t find a way around Peru’s complex vehicle import procedures.

He was not deterred. “There was a gentleman who had already imported one and wanted to sell it,” Zwiebach said. “So I went to see it, and I bought it.” Continue reading “Electric vehicle sales are booming in South America — without Tesla”

Source : PTI | The next round of negotiations between India and Chile on the proposed free trade agreement is expected to be held in December, an official said.

The pact with the the South American nation may help India access critical minerals, which are key inputs for electronics, auto, and solar sectors. Continue reading “India, Chile to likely hold talks on proposed trade pact in December”

Source : PTI | Mahanagar Gas (MGL) on Monday said compressed natural gas supply to pumps in the financial capital will be restored by Tuesday noon.

Nearly 60 per cent, or 225 of the 389 CNG pumps supplying gas to the megapolis, are operational, the gas utility said in a statement. Continue reading “CNG supply to get restored by Tuesday noon, 60% pumps operational: MGL”

Source : PTI | Tyre maker MRF Ltd on Friday reported an 11.7 per cent rise in consolidated net profit from continuing operations at ₹525.64 crore in the second quarter ended September 30, 2025.

The company had posted a consolidated new profit from continuing operations of ₹470.7 crore in the same quarter last fiscal,

Consolidated revenue from operations in the second quarter stood at ₹7,378.72 crore, as against ₹6,881.09 crore in the corresponding period a year ago, it added. Continue reading “MRF Q2 net profit up 11.7% at ₹525.64 crore”

Source : PTI | Japanese two-wheeler major Yamaha expects exports from India to grow 25 per cent this year and is making its Chennai factory the export hub for global market, especially to advanced countries, according to a top company official.

The company, which exports to around 55 countries from India, will be exploring more international markets in a bid to increase exports from India, Yamaha Motor Co Ltd Senior Executive Officer and Yamaha Motor India Group Chairman, Itaru Otani told PTI. Continue reading “Expect export to grow 25% this year, making Chennai plant global hub: Yamaha Motor India”

SEOUL, (Reuters) – Hyundai Motor Group will invest 125.2 trillion won ($86.47 billion) in South Korea from 2026 to 2030, the automaker said on Sunday after Seoul finalised a trade deal reducing U.S. tariffs on South Korean autos to 15% from 25%.

That compares with investments by Hyundai Motor and its group affiliate Kia Corp of 89.1 trillion won from 2021 to 2025, according to the group. Continue reading “Hyundai Motor announces $86 bln investment in South Korea after US trade deal”

Summary

• Samsung to build new chip production line amid AI boom
• Hyundai, shipbuilders also announce investment plans
• South Korea finalises U.S. trade deal including $350 bln U.S. investments
• President Lee Jae Myung raises worries about domestic sector weakening

SEOUL, (Reuters) – Samsung Electronics , Hyundai Motor and other major South Korean manufacturers on Sunday unveiled domestic investment plans, as a U.S. trade deal raised concern investment in the U.S. could weaken manufacturing at home.

Samsung Electronics will add a chip production line at its plant in the South Korean city of Pyeongtaek to meet rising demand amid the global boom in artificial intelligence, as part of the parent group’s 450 trillion won ($310.79 billion) investments at home over the next five years, the company said. Continue reading “Samsung, Hyundai announce domestic investments after US-South Korea trade deal”

(Reuters) – Australia’s Syrah Resources said on Monday that it had agreed with Tesla to extend the deadline to tackle an alleged default of their graphite supply agreement for the second time in two months as the miner works to keep its U.S. operations buoyant.

The Elon Musk-led automaker issued a default notice in July after Syrah allegedly failed to deliver conforming active anode material samples from its Louisiana processing facility for Tesla’s electric vehicle batteries. Continue reading “Australia’s Syrah Resources, Tesla to further extend graphite supply deal deadline”

TOKYO, (Reuters) – S&P Global Ratings said on Friday it has downgraded its rating of Nissan Motor’s credit by one notch on continuing pressure on its profitability, while taking a negative view of the outlook for the Japanese automaker.

The credit-rating firm cut its long-term rating on the company and its overseas subsidiaries to “BB-” from “BB”. It noted that the company’s competitiveness in key markets and operational efficiency have diminished. Continue reading “S&P lowers Nissan’s rating to BB- from BB”

(Reuters) – Sweden’s Polestar on Friday said it would conduct a one-for-thirty reverse stock split of its American Depository Shares as the electric vehicle maker seeks to avoid a Nasdaq delisting.

The reverse split, which consolidates multiple shares into fewer, will not change the value of investors’ overall holdings but can mechanically lift the share price above $1 to regain compliance. Continue reading “Swedish EV maker Polestar announces one-for-thirty reverse stock split to maintain Nasdaq listing”

Summary

• Some suppliers told that BYD now prefers CP or bank notes for payments, sources say
• There has been regulatory pressure on automakers to shorten long payment times, improve practices
• Suppliers get less if they cash in BYD promissory notes early
• BYD says it has shortened payment times for suppliers

(Reuters) – China’s BYD has told some suppliers it wants to stop using in-house financial notes to pay them, people briefed on the matter said – a seismic shift away from a practice that helped power its rise but has been criticised for disadvantaging its parts makers.

BYD, one of the world’s biggest electric vehicle makers, now wants to use commercial paper or bank notes to pay suppliers rather than promissory notes issued on Dilian, an electronic platform it launched in 2018, the people said. Continue reading “BYD shifts away from in-house payment system that strained suppliers, sources say”

Summary

• Swiss machine maker lays off staff after US tariffs
• Pfiffner already struggling due to car industry woes
• Weak German, Chinese demand hits manufacturers

UTZENSTORF, Switzerland, (Reuters) – Norbert Steuer, a logistics worker at Swiss precision machinery maker K.R. Pfiffner, has been at the firm for over three decades. Now he is one of 80 out of 105 staff due to be let go as it reels from U.S. tariffs and a struggling auto industry.

The firm, which makes million-dollar machinery used by carmakers including Mercedes-Benz and suppliers such as Robert Bosch (ROBG.UL), is at the sharp end of a tough European car market that has been buffeted by U.S. President Donald Trump’s trade tariffs and a slowdown in key export market China. Continue reading “Swiss machine maker feels heat from auto sector slowdown, Trump’s tariffs”

Summary

• Cyberattack hits Q2 results
• China demand and luxury tax hurt sales
• JLR generates most of Tata Motors’ profits

(Reuters) – Tata Motors Passenger Vehicles cut its fiscal 2026 margin goal for Jaguar Land Rover on Friday after a cyberattack disrupted production at the luxury automaker, adding to pressure from soft demand in China and chip supply constraints.

JLR, which generates most of Tata Motors’ profits, is grappling with falling demand for premium cars in China and component shortages after chipmaker Nexperia B.V. warned it could no longer guarantee deliveries due to a political standoff between China and the Netherlands. Continue reading “Tata Motors cuts Jaguar Land Rover margin forecast after cyberattack, China woes”

(Reuters) – Chrysler-parent Stellantis is recalling 112,859 U.S. vehicles over possible engine failure or compartment fire, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday.

The NHTSA pointed to debris inside the engine as a cause but did not offer more details. Continue reading “Stellantis to recall nearly 113,000 US vehicles, NHTSA says”

Summary

• JAW determined to maintain wage momentum despite U.S. tariff impact
• Kaneko emphasizes wage hikes to sustain consumption and growth cycle
• BOJ monitors wage talks, auto sector crucial for interest rate decisions

TOKYO, (Reuters) – Japan’s top automobile industry union group has no plans to scale back its wage demands at labour talks next year despite a heavy drag on the sector’s earnings from U.S. tariffs, its chief told Reuters on Friday.

The comment from Akihiro Kaneko, president of the Confederation of Japan Automobile Workers’ Unions (JAW), underscores the determination of Japan’s most influential industrial umbrella union to keep wage momentum going into a fourth year. Continue reading “Japan’s automotive union group vows no retreat on wage demands despite tariff pain”

Summary

• Case involves fatal crashes in 2018 and 2019 that killed 346 people
• Boeing had agreed to plead guilty during Biden administration
• Judge said he had no authority to reject deal struck under Trump administration

WASHINGTON, (Reuters) – Families of some victims of two Boeing (BA.N), 737 MAX plane crashes that killed 346 people asked a U.S. appeals court on Thursday to reverse a judge’s decision to approve the Justice Department’s request to dismiss a criminal case against the planemaker. Continue reading “Crash victims’ families appeal US judge’s decision to dismiss Boeing criminal case”

SEOUL, (Reuters) – South Korea’s government said on Friday it would boost subsidies for electric vehicles (EVs) by 20% next year as part of a package to help the country’s auto industry weather risks caused by U.S. tariffs.

The government said in a statement passenger EV subsidies would be increased to 936 billion won ($658.47 million) in 2026, up from 780 billion won this year, in a bid to stimulate local demand. Continue reading “South Korea to boost EV subsidies in 2026 to help auto industry weather US tariffs”

Summary

• Roles to be cut mostly in sales and marketing
• Cuts formalised in October 16 agreement with CFDT union
• Nissan’s European sales slipped 8% over first financial half

TOKYO/PARIS, (Reuters) – Nissan will eliminate 87 positions at its European regional office in France, a company document and internal emails showed, as part of CEO Ivan Espinosa’s global restructuring and turnaround plan that includes a 15% cut in headcount. Continue reading “Nissan to cut jobs at European regional office as part of global overhaul”

(Reuters) – Toyota (7203.T), is recalling 126,691 Tundra and Lexus vehicles in the U.S. over manufacturing debris that may stall the engine, the U.S. National Highway Traffic Safety Administration said on Thursday. Continue reading “Toyota to recall over 126,000 US vehicles over engine stall risk”

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(Reuters) – Toyota is recalling 126,691 Tundra and Lexus vehicles in the U.S. over manufacturing debris that may stall the engine, the U.S. National Highway Traffic Safety Administration said on Thursday.

NHTSA said the remedy is under development and will be performed once available. Continue reading “Toyota to recall over 126,000 US vehicles over engine stall risk”

(Reuters) – Swedish autonomous trucking company Einride said on Wednesday it has agreed to go public in the U.S. through a merger with blank-check firm Legato Merger Corp III in a deal valuing the company at $1.8 billion.

The listing comes after a wave of electric-vehicle startups went public during the pandemic-era SPAC boom with the aim of capitalizing on the huge demand for clean-energy vehicles and government incentives for the purchase of battery-powered cars. Continue reading “Self-driving truck firm Einride to go public via SPAC deal at $1.8 billion valuation”

Summary

• Q3 net loss widens to $365 million from $323 million a year ago
• Revenue jumps 36% in Q3, but tariffs and costs hit margins
• Shares drop as much as 17%

(Reuters) – Polestar reported a wider third-quarter loss on Wednesday and said it would conduct a reverse stock split – reducing the number of its existing shares while increasing their value – in an attempt to retain its Nasdaq listing.

Shares in the company, majority-owned by China’s Geely Holding (GEELY.UL) and chair Li Shufu, dropped as much as 17% in early New York trading. Continue reading “Polestar’s losses widen, aims to keep Nasdaq listing with reverse stock split”

(Reuters) – Toyota Motor said on Wednesday it had begun production at its $13.9 billion North Carolina battery plant as it ramps up hybrid production and confirmed plans to invest $10 billion over five years in U.S. manufacturing.

The Japanese automaker first announced the plan in December 2021 to produce batteries for its hybrid and electric vehicles. Batteries from the plant are set to power hybrid versions of the Camry, Corolla Cross, RAV4 and a yet-to-be-announced all-electric three-row battery electric vehicle. The plant is producing hybrid batteries for factories in Kentucky and a Mazda Toyota joint venture in Alabama. Continue reading “Toyota opens US battery plant, confirms $10 billion investment plan”

(Reuters) – The share of subprime borrowers at least 60 days behind on their auto loans rose to 6.65% in October, the highest level on record, according to Fitch Ratings data going back to the early 1990s.

CONTEXT

Subprime borrowing refers to lending to consumers with lower credit scores or limited credit histories, who are considered higher risk and typically charged higher interest rates to offset the increased likelihood of default. Continue reading “Record number of subprime borrowers miss car loan payments in October, data shows”

Summary

• GM asks parts makers to gradually exit their China supply chains
• U.S.-China tensions prompt automotive supply chain shifts
• Rewiring supply chains from China is costly, complex

DETROIT, (Reuters) – General Motors has directed several thousand of its suppliers to scrub their supply chains of parts from China, four people familiar with the matter said, reflecting automakers’ growing frustration over geopolitical disruptions to their operations.

GM executives have been telling suppliers they should find alternatives to China for their raw materials and parts, with the goal of eventually moving their supply chains out of the country entirely, the people said. The automaker has set a 2027 deadline for some suppliers to dissolve their China sourcing ties, some of the sources said. Continue reading “Exclusive: GM wants parts makers to pull supply chains from China”

BEIJING, (Reuters) – Tesla’s sales in China dropped to 26,006 vehicles in October, their lowest in three years, as the U.S. electric vehicle maker struggles with tepid demand in the hyper-competitive market.

Sales fell 35.8% from a year earlier, down from September’s figure of 71,525 when Tesla began deliveries of the Model Y L, a longer-wheelbase and six-seat version of its best-selling Model Y SUV until now only available in China. Continue reading “Tesla’s China sales fall to 3-year low amid tepid demand”