Source : PTI | Swedish luxury carmaker Volvo is currently not looking at availing of benefits under India’s scheme to promote passenger electric vehicles due to existing scale of the industry and will consider bringing plug-in hybrid vehicles in the country if the tax structure is conducive, a top official of its Indian arm said on Friday. Volvo Car India, which launched the refreshed version of … [Read more...]

Source : PTI | Mahindra & Mahindra plans to manage rare earth magnet supplies through alternative sourcing channels for the next nine months and will pursue ‘engineering efforts’ to address the raw material shortage situation amid growing product portfolio, according to a senior company executive. The imposition of export restrictions by China on key rare earth magnets has resulted in supply … [Read more...]

by WAF Think Tank  New Delhi, Aug 3,  Škoda Auto Volkswagen India Private Limited (SAVWIPL) has officially named Nipun Mahajan as the new Head of Sales & Network for Audi India, effective from August 1, 2025. He will report directly to Balbir Singh Dhillon, Brand Director of Audi India  . A Leader with Nearly Three Decades of Automotive Expertise Mahajan joins Audi India with … [Read more...]

ROME, (Reuters) – Sales of new cars in Italy fell by 5.11% year-on-year in July, transport ministry data showed on Friday, indicating a persistently weak market in the European Union’s third largest economy. Total sales in July stood at 118,493 vehicles. Market leader Stellantis whose brands include Fiat, Jeep and Peugeot, suffered an even bigger sales slide of around 13% year-on-year, according … [Read more...]

Summary Verdict could lead to more lawsuits, experts say One died, one injured in Model S crash in 2019 Tesla to appeal, blames driver Tesla shares down 1.8% on Friday, 25% this year (Reuters) – A Florida jury on Friday found Tesla liable to pay $243 million to victims of a 2019 fatal crash of an Autopilot-equipped Model S, a verdict that could encourage more legal action against Elon Musk’s … [Read more...]

Summary Uber says receipts contained factual, formatting errors Passengers’ lawyers reviewing Uber’s claims Uber faces thousands of passenger lawsuits (Reuters) – Uber said it found more than 100 instances in which passengers who claimed its drivers sexually assaulted or harassed them offered bogus or doctored receipts to prove ridership, or did not explain their inability to provide … [Read more...]

FRANKFURT, (Reuters) – Daimler Truck one of the world’s biggest truckmakers, on Thursday slashed a key profit forecast for 2025 due to “continuous market weakness in North America”, the latest warning from industry as U.S. President Donald Trump imposes tariffs on imports. The German company now expects adjusted earnings before interest and taxes (EBIT) in a range of 3.6 billion euros to 4.1 … [Read more...]

(Reuters) – New car registrations in France slid 7.66% in July from a year earlier to 116,377 vehicles, data from French car body PFA showed on Friday. Tesla sales in the country fell 26.57% to 1,307 vehicles last month. Since the start of the year, Tesla’s sales have slumped by 38.52%, while the overall French market has shrunk by 7.91% over the same period. Reporting by Camille Raynaud; Editing … [Read more...]

LONDON, (Reuters) – Jaguar Land Rover chief Adrian Mardell will step down after more than three decades at the company, having said he wanted to retire after three years as CEO, a spokesperson for the automaker said on Thursday. His successor will be announced in due course, the spokesperson added. Mardell, who joined JLR in 1990, became chief executive in November 2022 – following a stint as … [Read more...]

Summary Iveco purchase is biggest transaction for Tata Motors Tata in strong position to raise equity, debt to fund deal Indian firm says deal makes Europe a strategic home market Combined company will compete with Volvo and Daimler NEW DELHI, (Reuters) – Tata Motors plans to raise about 1 billion euros ($1.14 billion) of equity to repay the loan funding its $4.5 billion offer, to buy Iveco’s … [Read more...]

MILAN, (Reuters) – Luxury sports-car maker Ferrari said on Thursday its core earnings rose 6% in the second quarter, supported by strong pricing power and richer product offerings, while seeing a reduced impacts from new U.S. tariffs on EU-made products. As part of a wider trade agreement, the United States and the European Union on Sunday agreed on a 15% tariff on imports of EU made products. As … [Read more...]

JSW Motors has entered a strategic partnership with KPIT Technologies to create a digital foundation for its upcoming portfolio of New Energy Vehicles (NEVs). The collaboration brings together JSW Motors’ manufacturing investment and KPIT’s deep expertise in software-defined vehicles (SDVs), battery systems and electric propulsion, which have been built over two decades and more … [Read more...]

Summary Exports to reach 600,000-775,000T in July – trade, Vortexa NW Europe prices about $65/T higher than Asia this month – LSEG data July LR2 shipping costs fall to $3.75 million from $4.4 million in June – SSY Tanker data SINGAPORE, (Reuters) – Jet fuel exports from South Korea, China and Southeast Asia to Europe likely hit a multi-year high in July as traders shipped out excess regional … [Read more...]

Summary BMW’s U.S. presence mitigates tariff impact Pre-tax earnings hit by China woes EBIT margin in auto segment on target BERLIN, (Reuters) – Germany’s BMW maintained its full-year guidance on Thursday despite U.S. tariffs and quarterly earnings dropping by a third, arguing that its large manufacturing presence in the country gives it an edge over rivals. By contrast, Volkswagen and … [Read more...]

Seoul, (Reuters) – Shares of South Korean automakers Hyundai Motor and Kia Corp fell on Thursday after U.S. President Donald Trump said the U.S. will charge a 15% tariff on imports from South Korea, including autos, as part of a trade deal. Hyundai Motor shares were down 2% and Kia Corp stock lost 3.3%. The deal reduces U.S. tariffs on South Korean autos from 25% to 15%, the same rate as Japanese … [Read more...]

Summary Provost worked closely with former CEO De Meo on strategy Will oversee implementation of a new strategic plan Appointment comes as Renault faces fierce competition PARIS, (Reuters) – Renault named Francois Provost as CEO on Wednesday, opting for a low-profile insider to steer the French carmaker through growing competition and weak demand that triggered a profit warning earlier this … [Read more...]

AMSTERDAM, (Reuters) – A Dutch court on Wednesday said diesel cars sold by Opel, Peugeot, Citroen and DS in the Netherlands from 2009 contained software designed to cheat emissions tests. In its intermediary ruling in a class action suit brought by three organisations against Stellantis, which now owns the targeted car companies, the court did not determine whether any compensation should be … [Read more...]

(Reuters) – Mercedes-Benz will pause deliveries of its EQ electric range to the United States and cut prices of new EQ models there, the carmaker said on Wednesday, responding to slowing demand and high inventories at dealerships. Since President Donald Trump’s spending bill earlier this month cut tax EV credits sooner than anticipated, analysts have warned that the U.S. EV market would … [Read more...]

Summary Ford sees $3 billion gross tariff hit in 2025, up from previous $2.5 billion estimate Automaker said tariffs added $800 million in expense in the second quarter Ford issues annual guidance of EBIT $6.5 billion-$7.5 billion DETROIT, (Reuters) – Ford Motor said on Wednesday that U.S. tariffs on imported vehicles, as well as on steel and aluminum, will likely cost more than expected for the … [Read more...]

Boulogne-Billancourt, July 30, 2025 – The Renault Group Board of Directors, meeting today under the chairmanship of Jean-Dominique Senard, decided, following recommendation from the Governance and Remuneration Committee, to appoint François Provost as Chief Executive Officer of Renault S.A. and Chairman of Renault s.a.s., effective July 31, for a term of four years. The Board also appointed … [Read more...]