(Reuters) – U.S. President Donald Trump’s tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy. Here is a timeline of the major developments: February 1 – Trump imposes 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, demanding they curb the flow of fentanyl and illegal immigrants … [Read more...]

(Reuters) – Australia’s Infomedia said on Wednesday it had agreed to be acquired by the Asia-focused private equity arm of asset manager TPG for an equity value of A$651 million ($421.33 million). Under the deal, shareholders in the ASX-listed firm would receive A$1.72 per share, reflecting a more than 30% premium as compared to the stock’s closing price on Tuesday. Infomedia shares rose nearly … [Read more...]

Summary Nissan employs 560 at Europe regional office Negotiations expected to conclude in October Nissan has embarked on a sweeping restructuring TOKYO, (Reuters) – Nissan Motor has begun negotiations with the union representing staff at its European regional office about changes that will include job losses, according to a company document and internal emails. The struggling Japanese automaker, … [Read more...]

Summary China export curbs hurt Rivian’s production in Q2, raising costs Regulatory credit revenue decline affects Rivian’s loss forecast Lucid cuts FY production forecast Lucid’s tariff-related costs hurt profit margin (Reuters) – Rivian and Lucid posted disappointing quarterly earnings on Tuesday and provided a grim outlook for the year as the electric vehicle makers take a hit from policy … [Read more...]

Source : PTI | Wheels India Ltd on Tuesday said its decision to establish a subsidiary in Europe is aimed at driving business growth in the region over the next three to five years. In July, the company announced plans to set up a European arm with a share capital of 50,000 Euros to support its expansion strategy and strengthen customer engagement in the region. Commenting on the move, Wheels … [Read more...]

Summary Convincing regulators about Autopilot safety could be tough after verdict Jury decision follows years of Autopilot-related probes, recalls Robotaxi success crucial for Tesla amid cooling EV demand SAN FRANCISCO, (Reuters) – A court verdict against Tesla last week, stemming from a fatal 2019 crash of an Autopilot-equipped Model S, could hurt its plans to expand its nascent robotaxi … [Read more...]

By WAF Think Tank Jaguar Land Rover (JLR), the iconic British luxury carmaker owned by Tata Motors, has named P B Balaji its new Chief Executive Officer — a historic moment, as he becomes the first Indian to lead the company. His appointment, effective mid-November 2025, marks a significant milestone for both JLR and its parent company. A New Era Begins Balaji takes over from Adrian Mardell, who … [Read more...]

Bengaluru, : Marking a proud milestone in its journey in India, Toyota Kirloskar Motor (TKM) today celebrated 20 remarkable years of the Toyota Innova, a name that has grown to become a trusted companion for millions of Indian families and businesses. With over 12 lakh plus units sold across its three offerings, Innova, Innova Crysta, and Innova HyCross, the brand stands as a symbol of unwavering … [Read more...]

By WAF Think Tank THOOTHUKUDI, India | Vietnamese automaker VinFast has officially commenced production at its first manufacturing plant in India, marking the rollout of the very first car from the facility located in Thoothukudi, Tamil Nadu. The project represents the initial phase of a larger US $2 billion investment strategy, with US $500 million committed over the first five years. Spread … [Read more...]

Pune, India – Tata AutoComp Systems Limited (TACO) announces with Japan’s Ichikoh Industries Limited (Ichikoh), a company listed on the Tokyo Stock Exchange Prime Market and owned at 61.2% by Valeo, the project to acquire Valeo’s lighting business in India through the acquisition of the Valeo Lighting Systems (VLS) business of Valeo India Private Limited. The acquisition would be consummated … [Read more...]

Summary Genstar taps Evercore for OEConnection sale process Sale process expected to launch in Q4 2025 Ford and GM hold minority stakes in OEConnection (Reuters) – Genstar Capital is exploring a sale of OEConnection, which it aims to value the automotive software provider also backed by Ford and General Motors at as much as $5 billion, including debt, people familiar with the matter said. The … [Read more...]

Summary Nissan employs 560 at Europe regional office Negotiations expected to conclude in October Nissan has embarked on a sweeping restructuring TOKYO, (Reuters) – Nissan Motor has begun negotiations with the union representing staff at its European regional office about changes that will include job losses, according to a company document and internal emails. The struggling Japanese automaker, … [Read more...]

Summary Toyota’s operating profit forecast to drop 31% y/y, Honda’s by 36% Both companies continue to benefit from robust hybrid demand Investors eye guidance on pricing, wider strategy TOKYO, (Reuters) – Toyota Motor and Honda Motor are expected to report weaker first-quarter earnings this week, as U.S. import tariffs and a stronger yen weigh on profits despite solid demand for hybrids in their … [Read more...]

Source : PTI | Global EV giant Tesla on Monday launched its first charging facility in the country weeks after entering the Indian market with an Experience Centre in the financial capital. The Tesla charging station set up at One BKC in the Bandra-Kurla Complex, features four V4 supercharging stalls (DC charging) and four destination charging stalls (AC charging), the company said. The company … [Read more...]

Summary Household vehicle-registration data shows fewer Tesla owners are opting for another one The EV maker for years had the highest customer loyalty in the industry Tesla also loses ground in its ability to win over customers from other brands LOS ANGELES, (Reuters) – Tesla for years had more repeat U.S. customers than any other major automotive brand but its loyalty has plunged since CEO … [Read more...]

Summary Tesla grants 96 million new shares to Musk Award vests only if Musk remains in a key executive role for two years New shares will be forfeited if court restores Musk’s voided 2018 pay package Stock rises 2% as analysts say it removes uncertainty over future (Reuters) – Tesla has granted CEO Elon Musk shares worth about $29 billion in a new pay deal aimed at keeping the billionaire … [Read more...]

Summary Lyft partners with Baidu for European robotaxi deployment Firms aim to scale robotaxi fleet to thousands across Europe Lyft to manage customer services while Baidu supplies vehicles (Reuters) – U.S. ride-hailing company Lyft said on Monday it will partner with China’s Baidu to deploy robotaxis across Europe starting next year, marking the Chinese search engine giant’s first foray into … [Read more...]

TAIPEI, (Reuters) – Taiwan’s Foxconn said on Monday it had struck a deal to sell a former car factory at Lordstown, Ohio, for $375 million, including its machinery, but said it would continue to use the site to make a broader range of products aligned with its strategic priorities. Foxconn, which makes data center products for Nvidia and assembles iPhones for Apple did not elaborate on products to … [Read more...]

By WAF Think Tank  | Email – hi@waf.bz Bengaluru, August 4, 2025 – Electric two-wheeler manufacturer River Mobility has achieved its best-ever monthly sales performance in July 2025, registering sales of 7,200 units, a 68% increase compared to the same month last year. The surge reflects growing demand for electric mobility solutions and River’s expanding presence in urban and semi-urban … [Read more...]

(Reuters) – Kia America has recalled about 201,149 Telluride vehicles in the U.S. as the door belt molding trim can delaminate and detach from the vehicle, the U.S. National Highway Traffic Safety Administration said on Saturday. Reporting by Pretish M J in Bengaluru, Editing by Louise Heavens Source: worldautoforum.com … [Read more...]