WAF Auto News | The Auto World This Week (10th May 2024)

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INDIA

MG parent SAIC to invest up to USD 2 billion in India; to offer a range of compact cars, SUVs Autocar

Volkswagen India Partners With Government e-Marketplace WAF

Indian Auto retails saw growth in April, uncertainty looms for May, warns FADA HTAuto

Hero MotoCorp is the top Nifty 50 gainer after Q4 results, analysts expect nearly 25% more rally CNBC

Mercedes-Benz India Clocks Most Successful Sales Quarter, Ever car&bike

Bharat NCAP teases safety rating of new cars. New Maruti Suzuki Swift in list? HTAuto

Reliance acquires step-down subsidiary for INR 314 cr WAF

Hydrogen is fuel of the future, vehicles will run on green fuels in coming years, says Nitin Gadkari WAF

Mahindra, Tata Motors receive record patent approvals in FY24 WAF

Overregulation has led to increase in two-wheeler prices: MD Rajiv Bajaj HTAuto

Indian EV startup makes offer to interns spurned by Elon Musk WAF

Tesla vs Tesla: US carmaker sues Indian namesake for copying trademark WAF

NHAI aims to reduce potholes on highways with new self-repairing tech. Know more HTAuto

Used car market in India revving up. What’s fuelling this growth? HTAuto


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ASIA 

Nissan upbeat on annual profit despite challenges WAF

Toyota says investment to weigh on profit after blockbuster Q4 WAF

Toyota to get an earnings lift from hybrids as EV hype cools WAF

Nio on track to unveil its first mass-market car in May, executive says WAF

Gasoline demand growth to slow this year on EV growth in China, U.S. WAF

China’s Zeekr seeks up to $5.13 bln valuation in US IPO WAF


USA

US could ban Chinese connected vehicles or impose restrictions WAF

Trump vows to target EVs, LNG exports in meeting with oil CEOs -report WAF

Uber shares tumble as weaker ride-share demand hurts Q2 forecast WAF

Hyundai, Kia unit settles US charges it repossessed service members’ vehicles WAF

Exclusive: In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud WAF

Elon Musk proposed to launch robotaxis in China during April visit, state media report says WAF

Lyft forecasts strong quarterly earnings as ride-hailing demand picks up WAF

Massachusetts top court hears challenges to gig worker ballot measures WAF

Tesla lays off more staff in software, service teams, Electrek reports WAF

BorgWarner raises full-year 2024 adjusted profit outlook WAF


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EUROPE

BMW says costs, low used car prices to weigh on 2024 pre-tax profit WAF

EU tariffs on Chinese EVs could backfire, German car bosses warn WAF

Fisker’s Austria unit begins insolvency proceedings WAF

French carmakers target fourfold jump in EV sales by 2027 WAF

Volvo Cars April sales rise on strong EV demand WAF

Ahead of Xi visit, Chinese share of French EV market slumps WAF

EU says information from three Chinese EV makers insufficient WAF


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