Summary Northvolt production had reached up to 30,000 high-quality battery cells weekly – COO Quality an important factor behind deal – Lyten CEO Creditors, including Goldman Sachs and Volkswagen, face heavy losses. STOCKHOLM, (Reuters) – Bankrupt Swedish battery maker Northvolt had stepped up production of high-quality battery cells at its Skellefteå plant before operations were halted, a … [Read more...]

Source : PTI | JSW MG Motor India on Friday said it has launched its ‘EV Sahi Hai’ campaign aimed at addressing misconceptions and building public confidence in electric mobility. The campaign focuses on the financial benefits of electric vehicle (EV) ownership, the expanding charging infrastructure, and the reduction of range anxiety. Two-phase campaign structure The initiative will be rolled out … [Read more...]

(Reuters) – General Motors will import electric vehicle batteries from Chinese battery giant CATL, a source familiar with the matter told Reuters on Thursday. The arrangement is a stopgap for GM in the next couple of years as it works to manufacture its own lower-cost batteries made with lithium iron phosphate (LFP) chemistry, the source said. “For several years, other U.S. automakers have … [Read more...]

SAO PAULO, (Reuters) – Brazil’s auto exports are set to grow much more than previously expected in 2025, automakers’ association Anfavea said on Thursday, crediting strong demand from neighboring Argentina for the upward revision to its forecast. The higher exports should help the industry offset the weaker than previously expected local sales, as high interest rates and uncertainties linked to … [Read more...]

(Reuters) – Ford Motor is delaying the launch of two next-generation electric vehicles as it shifts its focus to smaller and more affordable models, the company said on Thursday. The automaker said it recently informed suppliers that a full-size electric pickup, scheduled for production at its BlueOval City assembly plant in Tennessee, will be delayed from 2027 to 2028. In addition to this … [Read more...]

(Reuters) – Tesla CEO Elon Musk has ordered to shut down its Dojo supercomputer team, with team leader Peter Bannon departing the company, Bloomberg News reported on Thursday, citing people familiar with the matter. The Dojo supercomputer was designed around custom training chips to process vast amounts of data and video from Tesla EVs to train the automaker’s autonomous-driving software. Tesla … [Read more...]

SHANGHAI, (Reuters) – China’s car sales growth slowed in July partly due to weaker demand for hybrids, as regulators in the world’s biggest auto market crack down on a price war that has bruised the industry. Sales rose 6.9% from July 2024 to 1.85 million cars, down from an 18.6% year-on-year increase in June, data from the China Passenger Car Association showed on Friday. Sales growth of new … [Read more...]

“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 What Are the Top‑Rated Cars on CarPhD.com in the ₹10–₹15 Lakh Price Range? CarPhD Trump’s higher tariffs hit major US trading partners, sparking defiance and concern WAF Top Policy Makers, Fleet Folks, Auto Makers & Dealers in the … [Read more...]

Tata AutoComp, through its subsidiary Artifex, is set to strengthen its presence in the EU by acquiring IAC Slovakia, a key supplier to Jaguar Land Rover and Volkswagen. Tata AutoComp Systems Limited, through its British subsidiary Artifex Interior Systems Limited (Artifex), has entered into a conditional agreement to acquire 100% of the share capital of IAC Group (Slovakia) s.r.o. This strategic … [Read more...]

BEIJING, (Reuters) – Rare earth exports from China slumped 23% in July after hitting a record a month earlier, customs data showed on Thursday, although the preliminary data is too incomplete to draw firm conclusions about Beijing’s commitment to speed up shipments. The world’s largest producer of rare earths exported 5,994.3 metric tons in July, down 23% from June, when exports hit the highest … [Read more...]

(Reuters) – India’s upcoming festive season is expected to lift near-term sentiment among auto dealers, but U.S. tariffs could dent consumer confidence, prompting higher household savings and weighing on discretionary spending, including vehicles, the Federation of Automobile Dealers Association (FADA) said on Thursday. Vehicle dealers expect major festivals, including Rakhi, Janmashtami, … [Read more...]

Summary Higher tariffs likely to impact global supply chains and inflation Several major trading partners secure reduced tariff rates Tariffs increase US federal revenues, further sectoral duties possible Switzerland, South Africa, Brazil and India still seeking better terms India’s Modi and Brazil’s Lula adopt defiant stances (Reuters) – U.S. President Donald Trump’s higher tariffs on imports … [Read more...]

Source : PTI | VinFast aims to carve out a distinct space in India’s crowded automarket by building a full-fledged ecosystem-spanning manufacturing, service, charging, and recycling-to foster long-term trust with customers Gurugram, Haryana, India. The upstart EV maker VinFast recently unveiled its electric vehicle factory in Thoothukudi, Tamil Nadu, backed by a $500 million initial investment and … [Read more...]

TOKYO, (Reuters) – Japan’s top trade negotiator Ryosei Akazawa urged the U.S. to swiftly implement measures agreed upon in a bilateral trade deal, including lowering automobile and auto parts tariffs, Japan’s government said on Thursday. The request was made during Akazawa’s 90-minute meeting with U.S. Secretary of Commerce Howard Lutnick in Washington on Wednesday, Japan’s government said in a … [Read more...]

Summary Trade deals lower tariffs on U.S. car imports, some safety rules also eased Roads in Europe and Japan narrower than in U.S. fuelling compact-car culture Experts say Detroit must adapt to market needs to sell cars TOKYO/STOCKHOLM, (Reuters) – Donald Trump is right that Japan and Europe buy few American-made cars – but it has little to do with trade barriers. From Tokyo to London, many … [Read more...]

Summary Hyundai,GM to develop compact SUV/car/pickup, mid-sized pickup for Latin America In North America, they will develop electric vans (Reuters) – General Motors and Hyundai Motor on Wednesday outlined plans to develop five vehicles as they seek to lower costs amid growing competition from nimble Chinese rivals. Four of the vehicles — a compact SUV/car/ pickup, and a mid-size pickup — are … [Read more...]

by WAF Think Tank  Gurugram, NCR (India) – After its high-profile retail debut in Mumbai three weeks back, Tesla Inc., the world’s most valuable electric vehicle (EV) manufacturer, has now leased a massive retail and experience space in Gurugram, Haryana, part of the National Capital Region (NCR). This marks Tesla’s aggressive northward expansion in India as it prepares for a full-fledged … [Read more...]

TOKYO, (Reuters) – Honda Motor reported a 50% drop in first-quarter operating profit on Wednesday, as a stronger yen and the impact of U.S. President Donald Trump’s tariffs took its toll, but the company raised its full-year forecast. Japan’s second-biggest car maker said quarterly operating profit was 244.2 billion yen ($1.66 billion) in the April-June period, more than a fifth below the average … [Read more...]

Summary Uber One program boosts user engagement, bookings Company announces $20 billion stock buyback program Uber projects Q3 bookings above estimates (Reuters) – Uber unveiled a $20 billion stock buyback program and forecast its third-quarter bookings above Wall Street estimates on Wednesday, as the ride-hailing and delivery services company benefits from growing adoption of its paid loyalty … [Read more...]

(Reuters) – General Motors has entered into a multi-year deal under which Noveon Magnetics will supply rare earth magnets for use in components of the automaker’s full-size SUVs and trucks, the magnet maker said on Wednesday. China controls more than 90% of global rare earth processing capacity and imposed new export licensing rules in April, tightening supply to Western manufacturers of … [Read more...]