Summary

• Q1 profit margin falls to 8.6% from 14.2%
• Porsche slashes margin target to 6.5-8.5% range
• Sales now expected to reach 37-38 billion euros
• Porsche to release Q1 results later on Tuesday
• Shares down 6% in early Frankfurt trade

FRANKFURT, (Reuters) – Porsche’s margins plunged in the first quarter, it said on Tuesday, forcing the sportscar maker to cut its 2025 outlook in the wake of weakness in China, its main market, rising supply chain costs and U.S. tariffs that are disrupting the global car industry. Continue reading “Porsche cuts outlook as US tariffs, China weakness hit in Q1”

(Reuters) – Tesla in an update on Semi, said that the first units of the electric trucks will be on the production line by the end of 2025 at its Nevada gigafactory campus.

Dan Priestley, who leads the Semi program at Tesla, said in a video posted to YouTube on Monday, that the factory has an annual capacity of 50,000 units, adding that the company will prepare for high volume production over the next few quarters. Continue reading “Tesla’s Semi factory in Nevada to have first trucks in production by end of 2025”

WASHINGTON, (Reuters) – CEOs and senior executives from Nvidia, Johnson & Johnson, Hyundai Motor, Toyota Motor, and SoftBank Group are among the more than two-dozen business leaders slated to visit the White House on Wednesday for an event highlighting U.S. investments, officials told Reuters.

President Donald Trump plans to promote a broad range of investments in the United States in defense, tech, healthcare and consumer products industries and investment funds marking his first 100 days in office at an “Investing in America” event, a White House official told Reuters. Continue reading “Trump to tout US investments from Nvidia, J&J, Hyundai, Toyota”

Summary

• Lutnick touts “deal” to help domestic manufacturers
• Duties on foreign parts to be reduced
• Auto companies appealed to Trump

WASHINGTON, (Reuters) – President Donald Trump’s administration will move to reduce the impact of his automotive tariffs on Tuesday by alleviating some duties imposed on foreign parts in domestically manufactured cars and keeping tariffs on cars made abroad from piling on top of other ones, officials said. Continue reading “Trump to reduce impact of auto tariffs, commerce secretary says”

Source : PTI | The biogas sector has received investment commitments of more than Rs 200 crore at renewable energy exhibition RenewX 2025, industry body Indian Biogas Association (IBA) said on Sunday. The three-day expo was held at the Chennai Trade Centre, Nandambakkam from April 23 to 25. The event, organised by Informa Markets, saw investment commitments of Rs 200 crore through various MoUs (memorandum of understandings) in the biogas industry, IBA sid in a statement.

RenewX brought together stakeholders from across the bioenergy, solar, wind, energy storage, and management sectors, offering a platform for strategic collaborations and progressive discussions. Continue reading “Biogas sector gets Rs 200 cr investment commitments at RenewX 2025: IBA”

Source : PTI | Tata Motors on Monday said its board will later this week consider a proposal to raise up to ₹500 crore through the issue of securities on a private placement basis.

A meeting of the duly constituted Committee of the Board of Directors of the Company is scheduled to be held on May 2 to consider and approve the issuance of rated, listed, unsecured, redeemable, non-convertible debentures on a private placement basis aggregating up to ₹500 crore, the automaker said in a regulatory filing. Continue reading “Tata Motors board to consider raising ₹500 crore via securities this week”

(Reuters) – The California Department of Motor Vehicles said Friday it is proposing to allow testing of self-driving heavy-duty trucks and other large vehicles on state public roads.

California currently allows self-driving light-duty passenger vehicles for testing on public roads but not heavy-duty vehicles weighing more than 10,001 pounds, which manufacturers are testing in states like Texas, Arizona, and Arkansas. Continue reading “California proposes to allow self-driving heavy-duty truck testing”

Summary

• Q1 net profit jumps 100.4% to 9.2 billion yuan
• Company had estimated profit of 8.5-10 billion yuan
• BYD has launched a price war for smart EVs

BEIJING, (Reuters) – BYD’s first-quarter profit leapt 100.4% from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market after launching a smart EV price war. Continue reading “BYD’s quarterly profit surges at fastest pace in nearly two years”

TOKYO, (Reuters) – Nissan Motor wants to end vehicle production at its Wuhan plant in China by March 31, 2026, two sources with knowledge of the plan said.

The decision comes after the operation rate at the 300,000 vehicle capacity plant, which produces the Ariya electric vehicle and X-Trail SUV, fell off amid stiff competition from Chinese automakers, the Yomiuri newspaper reported earlier. Continue reading “Nissan wants to end vehicle production at Wuhan plant, sources say”

Summary

• U.S. ally Japan seen as front runner to clinch deal
• Second round of talks scheduled for next week
• Rice imports and auto tariffs among thorny items
• Japanese lawmakers wary of blowback as election looms

TOKYO/WASHINGTON, (Reuters) – When Tokyo’s top trade negotiator met U.S. President Donald Trump for tariff talks at the White House earlier this month, he presented him with a gold-coloured piggy bank. Continue reading “Japan is a test case for Trump’s tariff deals. But talks may be tortuous.”

Summary

• Toyota Industries shares set for biggest daily jump on record
• Co denies receiving buyout offer from Toyota chairman or group
• Co makes RAV4 SUVs for Toyota, forklifts

TOKYO, (Reuters) – Shares of Toyota Industries were set for their biggest daily jump on record on Monday after Japanese automaker Toyota said it was considering a potential buyout of the key parts supplier, which has a market value of 4 trillion yen ($28 billion). Continue reading “Toyota Industries shares set to surge on potential buyout by Toyota Motor”

TOKYO, (Reuters) – Toyota Motor said it is exploring the possibility of investing in a potential buyout of key parts supplier Toyota Industries – a buyout that reportedly could cost $42 billion.

“We are currently exploring various possibilities, including partial investment,” the automaker said in a filing with the Tokyo stock exchange on Saturday following reports about the possible buyout. Continue reading “Toyota considers investing in potential $42 billion buyout of key supplier”

Source : PTI | Road safety experts on Friday emphasised the need for dedicated lanes for two-wheelers and stricter enforcement of traffic laws to enhance rider safety and reduce accidents. Addressing an event here, Institute of Road Traffic Education (IRTE) President Rohit Baluja said electric two-wheelers are about 44 per cent of the total two-wheelers in the country.

“What needs to be done is have dedicated driving lanes for them, this will help in rider safety and avoid crashes as they are the most vulnerable road users along with pedestrians,” he said. Continue reading “Experts call for dedicated two-wheeler lanes, stricter traffic law enforcement”

Source : PTI | A complete shift from older vehicles to electric vehicles in 44 Indian cities with a population of at least 10 lakh could avoid 11.5 tonnes of PM2.5 emissions every day by 2035 and reduce greenhouse gas emissions by 61 million tonnes of carbon dioxide equivalent, according to a new study. The study, published by The Energy and Resources Institute (TERI), said it would also save more than 51 billion litres of petrol and diesel and reduce India’s oil import bill by an estimated ₹9.17 lakh crore ($106.6 billion) by 2035.

The authors said the number of older vehicles in these cities could grow from 4.9 million (49 lakh) in 2024 to 7.5 million (75 lakh) by 2030. Continue reading “EV switch in 44 cities can slash 61 million tonnes CO2: TERI”

Source : PTI | Chief minister Devendra Fadnavis on Friday directed the administration to set up a Unified Metropolitan Transport Authority (UMTA) to oversee integrated development of various modes of transport in cities to ensure ‘ease of living’ for citizens.

At present, transport services are operational in different metro cities through municipal corporations, state transport corporations, railways and metro rail authorities, he said. Continue reading “Maha govt to set up Unified Metropolitan Transport Authority”

Source : PTI | India consumer and EV story remains unchallenged even amid the ongoing tariff war, electric two wheeler maker Ather Energy said on Wednesday as it fixed a price band of Rs 304 to Rs 321 apiece for its Rs 2,981-crore IPO that is set to be opened for public subscription from April 28 to April 30. Of this, the offer for sale portion comprises nearly Rs 355-crore, the company said.

Ather Energy also said it remains bullish on its scooter portfolios in the coming few years and that distribution expansion will drive a lot of growth in the near-term for the company.

Continue reading “India consumer, EV story remains unchallenged, says IPO-bound Ather Energy”

Summary

• Comments come as Tesla plans robotaxi rollout in US this year
• Tesla cars cost about a fifth of Waymo, says Musk
• Waymo only US firm that runs uncrewed robotaxis and collects fares

SAN FRANCISCO, (Reuters) – Alphabet’s Waymo self-driving taxis may be available for people to own in the future, CEO Sundar Pichai said on Thursday, just as electric vehicle maker Tesla gears up to roll out robotaxis this year in the United States. Continue reading “Alphabet says Waymo may offer robotaxis for personal ownership in future”

Summary

• Trump says talks underway, China says not true
• Trump says he has made ‘200 deals’ that would be completed within three to four weeks
• Business groups say China waives tariffs on pharmaceuticals, mulls other exemptions

(Reuters) – U.S. President Donald Trump asserted in an interview published on Friday that tariff negotiations were under way with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap global growth. Continue reading “Conflicting US-China talks statements add to global trade confusion”

Summary

• USTR levying port fees on all foreign-built vehicle carriers
• Fees will hit vessels that support US military, sources say
• Vehicle carrier customers already hit by US auto tariffs

NEW ORLEANS, (Reuters) – Operators of hulking car carriers are seeking relief from the U.S. Trade Representative’s surprise plan to levy port fees on all foreign-built ships in that segment, including 20 vessels that guarantee transport for the U.S. military during a war or national emergency, three sources told Reuters. Continue reading “Vehicle carriers seek relief from broad US port fees”

Summary

• NHTSA revises reporting requirements for self-driving incidents
• DOT secretary says US must beat China in autonomous vehicle race
• NHTSA will allow automakers exemptions from some safety rules

WASHINGTON, (Reuters) – The Trump administration announcement that it aims to speed deployment of self-driving vehicles by exempting some from certain safety requirements and easing rules requiring reporting of safety incidents sent Tesla shares up nearly 10% on Friday. Continue reading “US agency eases some self-driving safety rules, sending Tesla stock soaring”

Summary

• China automakers are churning out innovative hybrids alongside EVs
• Sales of plug-in hybrids and ‘extended-range EVs’ with gasoline generators are rising fast
• Foreign automakers including VW are rushing to develop more hybrids to keep pace

SHANGHAI, (Reuters) – Chinese automakers and foreign rivals are launching ever more advanced long-range hybrids to meet rising demand in the world’s largest auto market. Continue reading “Automakers rush to meet surging China demand for long-range hybrids”

Summary

• Q1 net profit jumps 100.4% to 9.2 billion yuan
• Company had estimated profit of 8.5-10 billion yuan
• BYD has launched a price war for smart EVs

BEIJING, (Reuters) – BYD’s first-quarter profit leapt 100.4% from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market after launching a smart EV price war. Continue reading “BYD’s quarterly profit surges at fastest pace in nearly two years”

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Source : PTI | Electric two-wheeler firm PURE on Wednesday said it has introduced a battery based 5MWh grid storage product for grid stability and accelarting the integration of renewable energy sources. The PuREPower grid product is expected to find usage across solar and wind projects, large commercial and industrial establishments and across EV fast charging stations on highways.

Addressing a press conference, PURE Founder & MD Nishanth Dongari said the company is set to invest Rs 400 crore in the next 18 – 36 months in energy storage products to expand battery and power electronics production and in-house firmware capabilities, boosting its capacity to 2.5 GWh from the current 250 MWh.

Continue reading “EV firm PURE introduces 5MWh grid storage product; lines up ₹400 cr for capacity expansion”

Continue reading “ID. AURA, ID. ERA and ID. EVO: Volkswagen unveils three concept vehicles in Shanghai”

Summary

• Cooperation on shipbuilding, energy and defence costs potentially on agenda
• Talks seen as ‘opening salvo’, may extend over longer time frame, analyst says
• Political crisis complicates Seoul’s negotiation commitments

SEOUL, (Reuters) – A South Korean delegation will meet U.S. counterparts on Thursday for an opening round of trade talks, with cooperation on shipbuilding and energy expected to be on the agenda, and possibly shared defence costs, as Seoul seeks lower tariffs. Continue reading “South Korea to target lower tariffs in opening round of US trade talks”

(Reuters) – Tesla’s new car sales in Europe dropped 28.2% in March from a year earlier, even as overall battery electric vehicle sales rose 23.6% in the month, according to data from the European Automobile Manufacturers Association (ACEA).

Total new car sales in Europe rose 2.8% in the month, boosted by double-digit jumps in Britain and Spain, as EV gains offset a fall for petrol and diesel cars, the data showed. Continue reading “European car sales rise in March, Tesla drops 28.2%”

Summary

• Porsche sales fell 42% in China in the first quarter
• Sharp decline of legendary brand reflects wider China-market problems for all foreign automakers
• Chinese EV makers moving into premium segments after dominating low-cost EVs

SHANGHAI, (Reuters) – Foreign automakers in China face an increasingly urgent challenge at this year’s Shanghai auto show – winning back Chinese buyers while their domestic rivals churn out slick, affordable electric vehicles at a relentless pace. Continue reading “Even Porsche can’t find its lane in China as foreign automaker sales skid”

Summary

• Show opens as US-China trade war impacts the auto industry
• Chinese regulators have hiked scrutiny of smart-driving features
• Automakers focus on safety messaging, EV products, at show

SHANGHAI, (Reuters) – China’s annual auto shows have become the world’s premier showcase for the rise of ever-cheaper, high-tech electric vehicles from domestic brands in the world’s biggest car market. Continue reading “Trade war, safety concerns take centre stage at Shanghai auto show”

SHANGHAI, (Reuters) – Mercedes-Benz CEO Ola Källenius said on Wednesday the German automaker was urging the European Union to find an “equitable solution” to create a level-playing field for China-made electric vehicles in Europe.

A pure tariff barrier was the “crudest instrument” that could be applied, he told reporters on the sidelines of the Shanghai auto show. Continue reading “Mercedes CEO urges EU to find equitable solution to China-made EV tariff dispute”

Summary

• China’s EV leader expanded to Europe with high
• expectations but saw slow initial sales
• BYD sources said company was slow to offer hybrids, expand dealer network
• BYD has moved swiftly to address problems, hire European execs with local-market knowledge

MILAN/SHANGHAI, (Reuters) – China’s leading EV maker BYD is overhauling its European operations after strategic missteps including failures to sign up enough dealers and hire executives with local-market knowledge and to offer hybrids in markets resistant to fully electric vehicles, six current and former BYD executives said. Continue reading “Exclusive: China EV giant BYD reboots Europe operations after strategic stumbles, sources say”

Summary

• Musk to reduce DOGE involvement, focus more on Tesla
• Experts warn Tesla faces long road to brand recovery
• Tesla’s Q1 profit drops 71%, misses estimates

(Reuters) – Tesla investors breathed a sigh of relief after CEO Elon Musk said he would refocus his attention on the electric automaker, but that promise did not entirely dispel worries that his right-wing shift had irrevocably damaged the company’s brand. Continue reading “Investors relieved Musk will refocus on Tesla, but worry about brand damage”

Summary

• Biden’s EPA let California set tougher emissions standards
• Supreme Court limited EPA regulatory powers in prior cases

WASHINGTON, (Reuters) – U.S. Supreme Court justices appeared sympathetic on Wednesday to a bid by fuel producers to challenge California’s standards for vehicle emissions and electric cars under a federal air pollution law in a case involving the Democratic-governed state’s power to fight greenhouse gases. Continue reading “US Supreme Court poised to revive challenge to California emissions standards”

WASHINGTON, (Reuters) – The U.S. Commerce Department said on Wednesday it is opening a probe into national security impacts of imports of medium-duty and heavy-duty trucks and related parts into the United States.

The “Section 232” investigation could form the basis of grounds to impose new tariffs on work trucks, buses, vans and other larger vehicles. Continue reading “Trump administration opens national security probe into imported commercial trucks”

DETROIT, (Reuters) – General Motors is increasing production of transmissions at its Toledo, Ohio facility, shifting away from EV drive unit manufacturing toward parts for gasoline vehicles, the company confirmed Wednesday.

The transmission plant supports production of light-duty trucks made in Fort Wayne, Indiana, along with other facilities. Reuters first reported that GM would increase production at the Indiana assembly plant in early April after U.S. President Donald Trump announced 25% tariffs on auto imports. Continue reading “Exclusive: GM to increase production at Ohio transmission facility”

Source : PTI | In a boost to last-mile connectivity and sustainable transport, the Delhi government is set to roll out 76 electric buses from the Ghazipur depot starting Tuesday, transport department officials said. According to officials, the first batch of these 76 buses will operate from the Ghazipur depot under the Delhi Electric Vehicle Interchanges (DEVI) initiative.

The electric bus service is aimed at strengthening feeder connectivity to metro stations and major Delhi Transport Corporation (DTC) bus routes, with each vehicle expected to cover approximately 12 kilometres.

Continue reading “Delhi to roll out 76 electric buses under ‘DEVI’ initiative to boost last-mile connectivity”

(Reuters) – Treasurers of seven U.S. states have raised concerns about Tesla CEO Elon Musk’s lack of focus on the electric vehicle maker, given its significance in regional industries, innovation and employment.

Tesla deliveries plunged 13% in the first quarter due to backlash against Musk’s politics, as well as rising global competition and people waiting for a refresh of its highest-selling electric vehicle Model Y. Its stock has also fallen about 40% this year. Continue reading “Democratic state treasurers raise concerns over Musk’s lack of focus on Tesla”

(Reuters) – Tesla short sellers are up an estimated $11.5 billion for the year-to-date and positioning is bearish going into the electric vehicle maker’s quarterly results due after market close, according to the latest report from S3 Partners.

Tesla shares have tumbled 40% so far this year and analysts are expecting a weak report as January-March deliveries slid 13%, with market share losses to Chinese rivals, and brand damage stemming from CEO Elon Musk’s political work as part of the Trump administration. Continue reading “Tesla shorts up $11.5 billion for the year with positioning bearish”