Summary

• Complimentary 40-point vehicle check-up to ensure safer driving during monsoons
• Improved total cost of ownership with special discounts on Service Value Packages
• Trusted Volkswagen care with genuine parts, certified technicians, and customer first service across all authorized outlets in India

Mumbai: Volkswagen India reaffirms its commitment to customer safety and satisfaction with the rollout of its annual Monsoon Service Camp. Designed to help customers navigate the challenges of the rainy season with confidence and ease, this Monsoon Service Camp is available across all authorized service facilities in India. The initiative offers expert vehicle care, exclusive savings, and a seamless ownership experience. Continue reading “Volkswagen India reaffirms its safety first focus, launches Monsoon Service Camp for confident drives this rainy season”

Summary

• Shares flat after rising 3% in early trading
• Signs of recovery in Europe offset North America slump
• Q2 adjusted operating profit at SEK 13.5 bln, above consensus

(Reuters) – Swedish truckmaker Volvo reported higher than expected quarterly earnings on Thursday, as signs of recovery in Europe helped it offset sluggish demand in North America.

Truck orders in North America have fallen more than 40% in recent months compared to last year, adding to the pressures on pricing and sentiment across the sector. Continue reading “Truckmaker Volvo counts on improving Europe to offset North America slump”

RABAT, (Reuters) – Carmaker Stellantis plans to more than double production capacity at its plant in Kenitra, Morocco, in the coming months to 535,000 vehicles annually, its chief operating officer for the Middle East and Africa said on Wednesday.

The plant aims to step up production of supermini electric cars – including the Citroën Ami, Opel Rocks-e, and Fiat Topolino – to 70,000 from 20,000, Samir Cherfan said at the inauguration of the plant’s expansion. Continue reading “Stellantis expands production capacity at Morocco plant”

Summary

• Uber to deploy 20,000 Lucid SUVs with Nuro’s AV tech
• Lucid-Nuro prototype operating at Las Vegas testing facility
• Challenges remain for AV commercialization due to costs and regulations

SAN FRANCISCO, (Reuters) – Uber will invest $300 million in electric vehicle maker Lucid in a robotaxi deal that aims to start with one major U.S. city late next year, the companies said on Thursday.

Over six years starting in 2026, Uber will acquire and deploy over 20,000 Lucid Gravity SUVs that will be equipped with autonomous vehicle (AV) technology from startup Nuro, the three companies said in a statement. Continue reading “Uber to invest $300 million in EV maker Lucid as part of robotaxi deal”

(Reuters) – An EV battery recycling project backed by Jaguar Land Rover has received British government funding to recover critical minerals from end-of-life batteries, startup Mint Innovation said on Thursday.

The project to recover lithium, nickel and cobalt from used batteries is part of the 2.5-billion-pound ($3.35 billion) DRIVE35 programme that the UK Department for Business and Trade launched on Sunday to support the transition to electric cars. Continue reading “Jaguar Land Rover-backed battery recycling project gets UK government funding”

Summary

• Shares on track for biggest decline since March 2020
• Profit warning comes while company without CEO
• Renault shares had been outperforming rivals more exposed to US

PARIS, (Reuters) – Shares in Renault plunged as much as 18% on Wednesday after the French automaker surprised investors with a profit warning just a month after CEO Luca de Meo announced his departure.

The company said late on Tuesday that June sales volumes were weaker than expected and it was now aiming for a full-year operating profit margin of 6.5%, below a previous target of at least 7%. Continue reading “Renault shares tumble on profit warning as interim CEO named”

Summary

• Volvo Cars second-quarter operating profit falls sharply
• Demand remains soft and volatile amid weaker consumer confidence
• Second-quarter results better than expected, analysts say
• Shares jump nearly 8%

STOCKHOLM, (Reuters) – Volvo Cars reported a sharp decline in second-quarter operating profit on Thursday that nonetheless exceeded analyst expectations, sending shares up, though the company continues to face headwinds from tariffs and softening demand. Continue reading “Volvo Cars quarterly operating profit beats expectations despite tariff hit”

Summary

• US tariffs force Volvo Cars to focus on high-margin models
• Suspends sale of several sedans and station wagons
• Volvo’s EX90 struggles exacerbated by European component tariffs
• Company will add popular mid-sized SUV hybrid XC60 to US production

STOCKHOLM, (Reuters) – Volvo Cars said it has scaled back its U.S. model lineup this year, among the first examples of a major automaker halting U.S. shipments as President Donald Trump’s tariffs make it harder to sell a broad range of vehicles profitably. Continue reading “Volvo Cars pauses sales of some cars in US as tariffs pinch profits”

Source : PTI | In a bid to enhance passenger safety, the Meghalaya government will soon make displaying drivers’ details inside commercial vehicles mandatory, a minister said on Tuesday.

All commercial vehicle owners will have to display drivers’ information, including their names, licences and contact numbers and addresses, inside their cars, state Tourism Minister Paul Lyngdoh said. Continue reading “Meghalaya govt to make driver info display inside commercial vehicles mandatory: Tourism minister”

Source : PTI | Wheels India Ltd, a manufacturer of steel wheels and cast iron-wheels has infused 50,000 euros into its newly formed entity and subsidiary WIL Europe GmbH, the company said on Sunday.

GmbH is in the process of formation and is yet to commence operations. It is being developed to expand and do business activities in Europe, Wheels India said. Continue reading “Wheels India infuses 50,000 euros in its subsidiary ‘WIL Europe GmbH’”

Source : PTI | Automotive components maker Pricol on Tuesday said it has inked a pact with Italy-based Domino S.R.L. for two-wheeler handlebar control technologies.

The partnership aims to expand advanced two-wheeler control technologies such as throttles, switches, and allied products across India and Southeast Asia, Pricol Ltd said in a statement. Continue reading “Pricol joins hands with Italian firm for two-wheeler control technologies”

Summary

• Finance chief Minto to be interim CEO after departure of Luca de Meo
• Company also warns on free cash flow after weak June sales
• Full year margin forecast lowered to 6.5% from at least 7%

PARIS, (Reuters) – Renault named finance chief Duncan Minto as interim CEO on Tuesday, and said it will step up cost cutting measures after lowering its forecast for full year operating margins.

The French carmaker said its first half free cash flow would amount to just 47 million euros ($54.49 million), hit by a negative working capital requirement of around 900 million euros, due to delayed billings and a decline in both the passenger car and van market in Europe. Continue reading “Renault lowers 2025 guidance, names finance chief Minto as interim CEO”

ROME, (Reuters) – Carmaker Stellantis said on Wednesday it would discontinue its hydrogen fuel cell technology programme and no longer launch hydrogen-powered vehicles this year, raising questions about the future of hydrogen subsidiary Symbio.

The group said the decision was due to the limited availability of hydrogen refuelling infrastructure, high capital requirements and the need for stronger purchase incentives for customers. Continue reading “Stellantis discontinues hydrogen fuel cell programme and van production”

(Reuters) – Ford is recalling 694,271 crossover SUVs in the United States due to a fuel leak issue that could increase the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Wednesday, following a year-long investigation.

The NHTSA said fuel injectors in affected vehicles may crack, causing fuel to leak into the engine compartment and potentially ignite. Drivers may notice a strong fuel smell inside or outside the vehicle, dashboard warnings, smoke, or visible flames. Continue reading “Ford recalls over 694,000 SUVs in US after year-long fuel leak probe”

Summary

• Shares on track for biggest decline since March 2020
• Profit warning comes while company without CEO
• Renault shares had been outperforming rivals more exposed to US

(Reuters) – Shares in Renault plunged as much as 18% on Wednesday after the French automaker surprised investors with a profit warning just a month after CEO Luca de Meo announced his departure.

The company said late on Tuesday that June sales volumes were weaker than expected and it was now aiming for a full-year operating profit margin of 6.5%, below a previous target of at least 7%. Continue reading “Renault shares tumble on profit warning as interim CEO named”

DETROIT, (Reuters) – General Motors said on Tuesday it will move production of the Cadillac Escalade to a Michigan assembly plant, while adding new capacity for gas-powered Chevrolet Silverado and GMC Sierra light-duty pickups at the same facility.

The production shifts are part of GM’s $4 billion investment plan announced in June at three U.S. facilities in Michigan, Kansas and Tennessee, a move that expands production of gasoline-powered trucks and SUVs. Continue reading “GM outlines $4 billion plan to expand production of gas trucks and SUVs”

Source : PTI | Wheels India Ltd, a manufacturer of steel wheels and cast iron-wheels has infused 50,000 euros into its newly formed entity and subsidiary WIL Europe GmbH, the company said on Sunday.

The subsidiary WIL Europe GmbH is in the process of formation and is yet to commence operations. It is being developed to expand and do business activities in Europe, Wheels India said. Continue reading “Wheels India infuses 50,000 euros in its subsidiary ‘WIL Europe GmbH’”

DETROIT, (Reuters) – General Motors is planning to produce lower-cost battery cells at its joint-venture plant with South Korea’s LG Energy Solution in Tennessee.

The Detroit automaker is rolling out production of lithium-iron-phosphate (LFP) batteries, a technology that is gaining popularity at other automakers in the U.S. including at cross-town rival Ford Motor. GM will begin converting battery cell lines at its Spring Hill, Tennessee facility later this year, and commercial production is expected to begin by late 2027, the company said Monday. Continue reading “GM to produce lower-cost battery cells at Tennessee plant”

STOCKHOLM (Reuters) – Sweden-based Volvo Cars is booking a impairment charge of 11.4 billion crowns ($1.2 billion) in the second quarter related to its ES90 and upcoming EX90 models, due to tariffs and launch delays, it said on Monday.

The group, which is controlled by China’s Geely Holding, said it is currently unable to sell its Volvo ES90, which is built in China, profitably in the United States due to import tariffs, while profit margins for the same model are also under pressure in Europe for the same reason. Continue reading “Volvo Cars books $1 billion impairment charge due to tariffs, launch delays”

Summary

• Asian automakers with strong hybrid lineups, better margins seen gaining US market share
• Most Asian automakers resisting sharp price rises despite tariff impacts
• Tariffs may drive industry consolidation, increase US investments
• Impact on earnings may not be priced in, analyst says

SEOUL/TOKYO, (Reuters) – Toyota and Hyundai Motor may have a beef with U.S. protectionism, but they have one thing in common with President Donald Trump: when it comes to global car markets, it’s America first for Asia’s legacy automakers. Continue reading “Despite tariffs, it’s still America first for Asia’s legacy automakers”

LONDON, (Reuters) – The British government will offer discounts worth up to 3,750 pounds ($5,037.00) to buyers of electric cars priced at 37,000 pounds or below, it said on Monday, under a new scheme that aims to better align consumer demand with net zero emissions targets.

The government will spend 650 million pounds on the discount scheme, which will be available from Wednesday to consumers once carmakers sign up for the scheme. Continue reading “Britain offers discounts on electric cars to boost demand”

Summary

• Ola Electric expects gross margins to reach 35%-40%
• Shares rise over 14% after results
• Rare earth-free motors to be deployed from December quarter

(Reuters) – India’s Ola Electric on Monday forecast improved gross margins for fiscal 2026 after posting a narrower sequential loss for the first quarter, helped by stronger sales of its newer, more cost-efficient scooter models.

Shares of the company, which listed in August last year, jumped over 14% after the results and were on track to snap a five-session losing streak. Continue reading “India’s Ola Electric forecasts margins improvement; shares rise”

Summary

• Shareholders to vote if Tesla can invest in xAI, Musk says
• Musk deepens Tesla-xAI ties, but does not support merger
• Tesla sets annual shareholder meeting for November 6

July 14 (Reuters) – Elon Musk ruled out a merger between Tesla and xAI but said he plans to hold a shareholder vote on investment in the artificial intelligence startup by the automaker, in the latest step to deepen integration across his business empire.

His comments followed a Wall Street Journal report on Saturday that SpaceX, Musk’s rocket firm, will invest $2 billion in xAI as part of a $5 billion funding round aimed at keeping pace with rivals in the capital-intensive AI race. Continue reading “Musk suggests Tesla investor vote on xAI investment, rules out merger”

(Reuters) – The U.S. National Highway Traffic Safety Administration said on Friday it had opened a recall query covering 27,816 of Sweden-based EV maker Polestar’s Polestar 2 vehicles over a loss of rear-view camera image.

A recall query is an investigation opened by safety regulators when a remedy to solve an issue appears inadequate. Continue reading “US safety regulator opens recall query into over 27,000 Polestar 2 vehicles”

SHANGHAI, (Reuters) – Chinese automaker Chery on Saturday denied assertions that it had improperly claimed government subsidies for environmentally friendly vehicles.

An audit by the Ministry of Industry and Information Technology disqualified declarations by Chery and BYD for a combined $53 million in government subsidies for thousands of vehicles sold in the five years to 2020, accounting for nearly 60% of such improper claims. Continue reading “China’s Chery denies improper subsidy declarations”

July 12 (Reuters) – Jaguar Land Rover North America is recalling 20,999 vehicles in the United States due to torn passenger airbags that may not adequately protect an occupant in a crash, increasing the risk of injury, the U.S. National Highway Traffic Safety Administration said on Saturday. Continue reading “Jaguar Land Rover North America recalls about 21,000 US vehicles over torn passenger airbags”

Source : PTI | Japan’s Ambassador to India Keiichi Ono and Japan’s Minister of Economic and Development Affairs Koyoko Hokugo met Gujarat Chief Minister Bhupendra Patel in Gandhinagar on Friday.

During the meeting, the Ambassador highlighted Japan’s intent to deepen ties with the state and appreciated Gujarat government’s support to over 350 Japanese companies operating here, said a government release. Continue reading “Japan eyes bigger role in Gujarat’s semiconductor, EV sectors; Envoy meets CM Patel”

Source : PTI | West Bengal is set to join India’s rare earth mining map with the Geological Survey of India (GSI) conducting advanced exploration in Purulia district, a senior official said on Friday.

Although the rare earth deposit in Purulia is relatively small, the development is significant as India looks to reduce dependence on imports of critical minerals essential for electric vehicles (EVs), electronics, and renewable energy technologies. Continue reading “West Bengal gears up for rare earth mining in Purulia”

(Reuters) – Tesla will open its first India showroom in Mumbai next week, having imported $1 million worth of cars and merchandise, marking its entry into the world’s third-largest car market despite CEO Elon Musk’s complaints about high import tariffs.

In an invitation to media late Thursday, the carmaker said the July 15 event was the “launch of Tesla in India through the opening of the Tesla experience centre at Bandra Kurla Complex,” located in the city’s leading commercial business district. Continue reading “Musk’s Tesla marks formal India entry with Mumbai launch event”

MUNICH, (Reuters) – BMW’s CEO said on Friday he was optimistic that the European Union and the United States would soon reach a “manageable” agreement on auto import tariffs, potentially including a mechanism to offset imports with exports.

Oliver Zipse’s comments come as Europe awaits a letter from the U.S. administration under Donald Trump that could outline the framework of a trade deal and clarify tariff levels on European automotive exports. Trump said on Thursday the EU could receive a letter on tariff rates by Friday. Continue reading “BMW CEO hopeful for ‘manageable’ deal on US auto import tariffs”

Summary

• GM’s Silao truck plant idled for several weeks
• Silao downtime affects top-selling Silverado, Sierra models
• GM says down weeks at factory are meant to optimize production

(Reuters) – General Motors is pausing production at a pickup-truck plant in Mexico for several weeks, crimping output of its top-selling vehicles, people familiar with the situation told Reuters, and the company confirmed the information when asked. Continue reading “Exclusive: GM pickup-truck plant in Mexico pauses output for several weeks”

BERLIN, (Reuters) – Ford has agreed to a job protection scheme at its Cologne plant covering over 10,000 workers, with voluntary redundancies planned in response to the sluggish uptake of electric cars, the company and German employee representatives said on Friday.

Ford has been undergoing a painful restructuring in Europe, with cuts in Cologne and the upcoming closure of its Saarlouis plant dealing a fresh blow to Germany’s prestige as a carmaking hub. Continue reading “Ford agrees voluntary redundancies for troubled e-car site in Cologne”

(Reuters) – The U.S. National Highway Traffic Safety Administration said on Friday it had opened a recall query covering 27,816 of Sweden-based EV maker Polestar’s Polestar 2 vehicles over a loss of rear-view camera image.

A recall query is an investigation opened by safety regulators when a remedy to solve an issue appears inadequate. Continue reading “US safety regulator opens recall query into over 27,000 Polestar 2 vehicles”

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”