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Tesla drivers can pursue class action over self-driving claims, judge rules

20/08/2025

Reuters – Tesla (TSLA.O), must face a certified class action by California drivers who said Elon Musk misled them for eight years about the self-driving capabilities of his company’s electric vehicles. U.S. District Judge Rita Lin said the common question of whether Tesla lacked sensors to achieve high-level autonomy plus its inability to “demonstrate a long-distance … [Read more...]

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Japan’s exports log biggest drop in 4 years as US tariff impacts intensify

20/08/2025

Summary July exports -2.6% yr/yr vs forecast -2.1% Drop largest since Feb 2021 Imports -7.5% yr/yr vs forecast -10.4% U.S.-bound shipments down 10.1% yr/yr Reuters – Japan’s exports posted the biggest monthly drop in about four years in July, government data showed on Wednesday, as the impact of U.S. tariffs intensified, raising concerns about the outlook for the export-reliant economy. Total … [Read more...]

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China’s Xpeng expects quarterly revenue to double on strong demand for its EVs

20/08/2025

Reuters – Chinese electric vehicle maker Xpeng (9868.HK), on Tuesday forecast third-quarter revenue would double, betting on surging deliveries of its cars despite challenging economic conditions. The Guangzhou, China-based company’s U.S.-listed shares rose over 4%. Xpeng has been able to drum up demand for its diverse lineup of electric cars, helped by government stimuli to boost customer … [Read more...]

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Chinese firms in legal battle over Brazil food delivery

19/08/2025

Reuters – A Brazilian subsidiary of China’s ride-hailing company DiDi Global (92Sy.D), sued Chinese rival Keeta on Monday in a Sao Paulo court alleging trademark infringement and unfair competition, according to court documents seen by Reuters. The lawsuit comes days after Keeta, which is entering the Brazilian market, sued DiDi’s Brazilian unit, 99, in Brazil, alleging its food delivery app … [Read more...]

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Tesla starts taking orders for its new Model Y L in China from around $47,200

19/08/2025

Reuters – Tesla Inc (TSLA.O), started accepting orders for its new Model Y L in China on Tuesday with a starting price of 339,000 yuan ($47,184), its website showed, as it refreshes its line-up in the world’s largest auto market to battle growing competition. Tesla first launched the Model Y in 2020 and it became the world’s best-selling car in 2023. The ageing model lost some sales momentum last … [Read more...]

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UK motor finance ruling could fuel M&A

19/08/2025

Summary UK court ruling may trigger motor finance M&A wave Ruling slashed estimates for industry compensation bill Uncertainty over final cost may delay deals until 2026 Reuters – A ruling from the United Kingdom’s top court that will likely save car finance companies billions in compensation payouts could clear the way for a wave of consolidation in the sector. The Supreme Court this … [Read more...]

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Germany says written EU-US trade deal requires lower car duties

19/08/2025

Reuters – Germany said on Monday that the United States would have to follow through on agreed lower tariffs on Europe-made cars before a wider agreement on trade can be finalised in writing. “In particular, car tariffs must be reduced quickly as agreed. We are also aware of the considerable burden on the export-orientated economy. … Our role here is to continue to fully support the European … [Read more...]

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Tesla says Model Y L is ‘coming soon’

19/08/2025

Reuters – Tesla’s (TSLA.O) Model Y L is “coming soon”, the electric car company said on Chinese social media platform Weibo on Monday, having previously registered plans to introduce the new model in China. The Model Y L is a six-seat version of its best-selling Model Y with a longer wheelbase. Tesla also shared a video of the new model in its Weibo post. Tesla is refreshing its … [Read more...]

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Proposed GST rate tweaks on automobiles to end classification disputes

18/08/2025

Source : PTI | In upcoming sweeping reforms, the GST on automobiles – currently in the highest tax bracket – will be restructured to resolve classification disputes related to engine capacity and vehicle size, ultimately benefiting the common man, according to government sources. Presently, automobiles are taxed at 28 per cent, which is the highest GST slab. A compensation cess, ranging from 1 to … [Read more...]

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₹1 cr fines imposed on 10,000 vehicles in Mumbai for flouting norms

18/08/2025

Source : PTI | Mumbai Police have imposed challans on more than 10,000 vehicles with fines of over ₹ 1 crore for violation of traffic rules during the Dahi Handi festival in the city, officials said on Sunday. The festival, held to mark the birth of Lord Krishna, was celebrated on Saturday wherein a large number of troupes comprising young men and women formed human pyramids to break dahi handis … [Read more...]

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Tesla almost halves UK monthly lease fee as sales slump, The Times reports

18/08/2025

(Reuters) – British motorists can now lease a Tesla (TSLA.O) electric vehicle for just over half of what they would have paid a year ago, The Times reported on Monday, citing industry sources. Tesla has been forced to offer discounts of up to 40% to car leasing companies to shift more units, the report said. The discounts are also due to the lack of storage space for Tesla vehicles in the UK, … [Read more...]

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Toyota to enter South Africa’s EV market with three models in 2026

15/08/2025

Summary Toyota leads South Africa’s new energy vehicle market with 67% share in 2024 Local automakers propose policies to support industry Auto sector faces flat production and rising imports GQEBERHA, South Africa, (Reuters) – Toyota plans to introduce three fully-electric models in South Africa in 2026, a senior executive said on Thursday, entering a nascent EV market where Chinese rivals such … [Read more...]

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Lyft co-founders to step down from ride-hailing firm’s board

15/08/2025

(Reuters) – Lyft said on Thursday its co-founders Logan Green and John Zimmer are stepping down from the ride-hailing services provider’s board, following the completion of a two-year transition plan. Green and Zimmer began serving as the chair and vice chair of Lyft’s board in 2023 after stepping down as CEO and president, respectively, handing the reins to David Risher, who has been a board … [Read more...]

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No pause on Russian oil imports, India continues imports based on economic rationale

15/08/2025

Source : PTI | India has not halted oil purchases from Russia in response to the US President’s tariff threat and continues to buy based solely on economic considerations, said AS Sahney, Chairman of Indian Oil Corporation (IOC), the country’s largest oil firm. Purchase volumes may fluctuate monthly based on the discounts offered on Russian crude grades like Urals. While discounts had previously … [Read more...]

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WAF Auto News | The Auto World This Week (15th August 2025)

15/08/2025

“WAF AutoNews” is World’s No.1 in World Auto News,  Auto Think Tank & Auto Awards !!Click Here to See for yourself.  WAF THINK TANK A Tribute to Mr. Goh Cheng Liang (1927 – 2025), Owner Wuthelam Holdings, Nipsea Group & Nippon Paint WAF Top Five Things to Ensure in Your Car During Monsoons CarPhD   Sat, 13 Sept, Radisson BLU Plaza, Delhi Airport, New … [Read more...]

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MG Windsor Sets Monthly Sales Record, Boosts EV Market Share

14/08/2025

JSW MG Motor India has announced that the MG Windsor, India’s best-selling electric vehicle, achieved a new sales record in July with 4,308 units sold in a single month. Since its launch, the company has sold nearly 36,000 units of the Windsor, cementing its leadership in the Indian 4W-EV segment. The strong performance helped the brand expand its EV market share by 4 percentage points, climbing … [Read more...]

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VinFast founder to inject another $1.5 billion in exchange for R&D assets

14/08/2025

Summary VinFast to spin off R&D arm in $1.52 billion deal Founder Pham Nhat Vuong to buy shares in the R&D arm To lease back IP to VinFast as needed (Reuters) – VinFast’s founder Pham Nhat Vuong has agreed to buy the EV maker’s research and development arm for $1.52 billion, his latest cash injection into the loss-making Vietnamese company as it strives to break even by the end of … [Read more...]

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Auto Industry Performance of July-2025

14/08/2025

Production: The total production of Passenger Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in July 2025 was 26,98,519 units Domestic Sales: Passenger Vehicles2 sales were 3,40,772 units in July 2025. Three-wheeler sales were 69,403 units in July 2025 Two-wheeler sales were 15,67,267 units in July 2025 Commenting on July-2025 performance, Mr Rajesh Menon, Director General, SIAM said, … [Read more...]

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South Africa’s auto sector hit by job losses and company closures

14/08/2025

Summary 12 company closures, 4,000 job losses in past 2 years Industry faces challenges from U.S. tariffs, low localization Domestic sales much lower than 2035 master plan GQEBERHA, South Africa, (Reuters) – Low domestic sales of locally made cars, an influx of imports and low levels of local content have led to 12 company closures and over 4,000 job losses in the South African motor industry … [Read more...]

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US container imports may have peaked in July, chief of busiest seaport says

14/08/2025

Summary Port of Los Angeles imports up 8% year-on-year in July Many holiday goods are already in the US August imports relatively steady but down from a year ago LOS ANGELES, (Reuters) – Ocean imports to the United States may have peaked in July after retailers raced to bring in goods from China and elsewhere to avoid potentially hefty tariffs on holiday-related products, logistics executives … [Read more...]

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