Summary IMF looked at data from Brazil, South Korea, China and EU Structural reforms should accompany industrial policy, IMF says Such policies can be costly to governments, drive up consumer prices, it says WASHINGTON, (Reuters) – More countries are seeking to reshape their economies using public support for specific firms and sectors, but subsidies and other industrial policies can be costly … [Read more...]

(Reuters) – NissanTURIN, (Reuters) – European Commission President Ursula von der Leyen called on Friday for a continent-wide push to develop self-driving cars, saying artificial intelligence could help revive the region’s struggling automotive sector and improve road safety. Speaking at the Italian Tech Week in Turin, Italy’s automotive hub, von der Leyen urged the European Union to adopt an “AI … [Read more...]

SAO PAULO, (Reuters) – Japanese carmaker Toyota is set to resume vehicle production at two Brazilian plants, both in Sao Paulo state, starting November 3, after damages and disruptions from heavy rain and winds halted operations last month, the company said on Friday. In a statement, Toyota added it still has no forecast for resuming operations at its Porto Feliz plant, as the firm is still … [Read more...]

Summary Tariff relief could eliminate costs for major car companies Commerce Department plans import adjustment offset for U.S. vehicles Trump’s decision on tariff relief expected soon, Moreno says WASHINGTON, (Reuters) – U.S. President Donald Trump is considering significant tariff relief for U.S. auto production that could effectively eliminate much of the costs major car companies are paying, … [Read more...]

Source : PTI | India is poised to become the next major player in the global petrochemicals industry, backed by a planned capital expenditure of $37 billion aimed at boosting self-sufficiency, S&P Global Ratings said in a new report. The report, ‘First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply’, warns that India’s aggressive capacity expansion – following … [Read more...]

Summary Tesla deliveries boosted by U.S. tax credit expiry Company delivers record number of cars in a quarter Deliveries of 497,099 vehicles in Q3 exceed estimates (Reuters) – Tesla announced record quarterly deliveries on Thursday, but concerns that an expiration of the U.S. tax credit for EVs would turn a rush of buying into a trickle weighed on its shares. The Elon Musk-led carmaker went all … [Read more...]

(Reuters) – Teslahas begun selling its Cybertruck in Qatar, the U.S. electric vehicle maker said in a post on X on Friday, following the launch of its operations in Saudi Arabia earlier this year. The move underscores Tesla’s drive to widen its international reach as it faces slowing demand and intensifying competition in its core U.S. and Chinese markets. Tesla entered Saudi Arabia in April, … [Read more...]

(Reuters) – Nissan is recalling 19,077 electric vehicles in the United States due to a potential fire risk linked to overheating during quick charging, the U.S. National Highway Traffic Safety Administration said on Friday. Reporting by Ruchika Khanna in Bengaluru; Editing by Sonia Cheema Source: worldautoforum.com … [Read more...]

Weak first 3 weeks, sharp revival during Navratri According to **Vahan registration data**, total vehicle registrations as of early October were ~1.51 million units, down ~13.28% from ~1.74 million in the same period last year. ([The Financial Express][1])* The early part of September saw subdued consumer activity: many buyers delayed decisions, waiting for festive season offers or clarity on new … [Read more...]

Weak first 3 weeks, sharp revival during Navratri According to Vahan registration data, total vehicle registrations as of early October were ~1.51 million units, down ~13.28% from ~1.74 million in the same period last year. The early part of September saw subdued consumer activity: many buyers delayed decisions, waiting for festive season offers or clarity on new GST rates. But from ~22 September … [Read more...]

New Delhi: In September 2025, Maruti Suzuki India Limited sold a total of 189,665 units. Total sales in the month include domestic sales of 135,711 units, sales to other OEM of 11,750 units and exports of 42,204 units. Notably, the exports reached an all-time monthly high. The GST reform has significantly improved the customer sentiment as reflected in the highest-ever deliveries of 165,000 … [Read more...]

(Reuters) – Tesla’s third-quarter deliveries beat analysts’ estimates on Thursday as a rush to buy EVs in the U.S. before the expiry of a popular tax credit more than offset slumping demand for its vehicles in Europe. Shares of the Austin, Texas-based automaker were up 3% in premarket trading. The company for months has been talking up the expiry of the $7,500 federal credit on September 30 as a … [Read more...]

(Reuters) – Rivian Automotive reported a nearly 32% surge in third-quarter deliveries, beating analysts’ estimates, as more U.S. car buyers rushed to secure tax credits before their expiry by purchasing new electric vehicles. Despite the jump in deliveries, the EV industry faces uncertainty over the next few quarters after the U.S. Congress, through sweeping legislation, moved to abolish tax … [Read more...]

Summary Volvo Cars and Stellantis shares rise 5% and 7% respectively Stellantis posted first quarterly sales growth in US this year. Automakers continue to adjust models they sell in the US STOCKHOLM, (Reuters) – Shares in European automakers Volvo Cars and Stellantis jumped on Thursday after stronger than expected U.S. sales figures helped ease concerns that tariffs might dent demand. Investors … [Read more...]

In a strong performance for the month, JSW MG Motor India reported wholesales of 6,728 units in September 2025, marking a 34 % year-on-year growth compared to 5,021 units in September 2024. Key Drivers Behind the Surge 1. Festive Season Tailwinds The onset of Navratri and other festival buying sentiment typically lifts car demand in India. JSW MG appears to have benefited from this seasonal … [Read more...]

Summary Ford to retrench 474 workers in South Africa UK tax changes impact European orders for Ranger Plug-in hybrid Ranger not meeting expected volumes Ford’s South African plants not fully utilizing 200,000 vehicle capacity GQEBERHA, South Africa, (Reuters) – The South African arm of Ford Motor has attributed the planned retrenchments to lower European orders for its Ranger pickup truck, … [Read more...]

Summary GM, Ford, Toyota report strong Q3 sales gains End of the EV tax credit spurred temporary EV sales surge Average new vehicle price rose to $45,795 in September (Reuters) – U.S. auto sales are expected to rise about 6% for the third quarter, as Americans continue to buy cars at a surprisingly strong pace despite tariffs and other uncertainties. Several of the largest automakers on … [Read more...]

Summary Dealerships adopt cautious approach, reducing EV inventory Ford CEO predicts EV sales to drop to 5% of total U.S. vehicle sales Automakers struggle to provide long-term support without tax credit incentives DETROIT, (Reuters) – Automotive executives are bracing for a freefall in U.S. electric-vehicle sales following the disappearance of a critical $7,500 tax break for buyers. “It’s a … [Read more...]

MEXICO CITY, (Reuters) – Mexico’s auto industry warned of a “complex outlook” ahead of the 2026 review of the United States-Mexico-Canada Agreement (USMCA), with executives citing concerns over tighter rules of origin and scrutiny of Asian content in components. Speaking at the CIAN automotive conference, heavy-vehicle manufacturers expressed concerns about meeting current USMCA trade requirements … [Read more...]

(Reuters) – Tesla CEO Elon Musk on Wednesday became the first person ever to achieve a net worth of nearly $500 billion, propelled by a rebound in the EV company’s shares and surging valuations of the tech entrepreneur’s other startups this year. His net worth stood at $500.1 billion as of 4:15 p.m. E.T., according to Forbes’ billionaires index. Musk’s fortunes are tied closely to Tesla, where he … [Read more...]