(Reuters) – Tesla plans to offer a chauffeur-style service operated by human drivers to a limited number of people in the San Francisco Bay Area, a California regulator said on Friday, contrary to a media report that the EV maker would offer a robotaxi service. Unlike Alphabet’s Waymo unit, Tesla cannot operate its service using autonomous vehicles because the EV maker does not have the required … [Read more...]

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In just a few years, Global Assure, founded in 2018 in Gurugram, has emerged as a game-changer in emergency assistance services across India. At a time when the country’s mobility ecosystem is undergoing a massive transformation, Global Assure is leading the charge with innovation, scale, and a deep customer-first mindset. From a Modest Start to a National Impact Started by industry veterans … [Read more...]

By Abhijit Singh, Mobility Outlook MG Motor India has launched the fully electric luxury limousine M9 under its MG SELECT division. Priced at INR 69.90 lakh (ex-showroom), the MG M9 stands out with its bold styling and high-end interiors. The M9 is now open for bookings across 13 Indian cities, with deliveries set to begin on 10 August 2025. The MG M9 is built around a 90-kWh battery pack that … [Read more...]

Udaipur/New Delhi: Reinforcing its commitment to deliver a hassle-free and delightful car ownership experience, Maruti Suzuki India Limited (Maruti Suzuki), supported by its dealer partners, announced the inauguration of its 5,500th service touchpoint in India. Located in Udaipur, Rajasthan, the facility was inaugurated by the Company’s Executive Officers, Service, Mr. Ram Suresh Akella … [Read more...]

New Delhi: Maruti Suzuki India Limited (“Maruti Suzuki”) has signed a Memorandum of Understanding (“MoU”) with the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India to encourage and support startups to develop technology-driven solutions in automobile manufacturing and mobility space. Startups recognized by DPIIT under the … [Read more...]

Summary Musk promises fast robotaxi expansion, but regulatory hurdles could cause delays Tesla’s core EV business faces headwinds from brand damage and loss of subsidies Investors say challenges of robotaxi expansion and declining EV sales leave little room for error Tesla shares fall nearly 6% in premarket trading LOS ANGELES, (Reuters) – Tesla and its CEO Elon Musk are walking an increasingly … [Read more...]

(Reuters) – Self-driving technology firm Mobileye Global raised its forecast for fiscal 2025 revenue on Thursday, anticipating a rise in orders for its autonomous driving chips as customers clear existing inventory. Shares of the company rose over 4% in premarket trading. Automakers have largely resumed placing orders for self-driving hardware after an inventory surplus — caused by … [Read more...]

(Reuters) – An emerging U.S.-Japanese trade deal could unlock major investment, avert a potential shock to the global economy and may deliver political wins for both U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba, though many specifics of the agreement remain unclear. Here’s a closer look at the early takeaways: * The deal may stabilize the global trade outlook by imposing … [Read more...]

Summary Automakers face higher tariffs on Mexico, Canada imports than Japan Detroit Three lobbying group criticizes deal favoring Japanese imports GM, Stellantis shares rise on trade deal news DETROIT, (Reuters) – Shares of General Motors, Ford Motor, and Jeep-maker Stellantis, some of the biggest automakers in the U.S., rallied on Wednesday after news of a trade deal that will reduce tariffs on … [Read more...]

WASHINGTON, (Reuters) – Tesla said on Wednesday it has built initial versions of an affordable car, a move likely meant to stem the steep decline in sales the company has experienced in markets across the world. Elon Musk’s electric vehicle maker posted the worst quarterly sales decline in more than a decade and profit that missed Wall Street targets, but its profit margin on making cars was … [Read more...]

Summary South Korea finance chief was set to board for Washington when news of delay broke Pressure piling on Seoul after Japan clinches trade deal Range of sectors, investment projects considered under potential deal remain unclear South Korea to propose investment package of at least $100 billion -Yonhap SEOUL, (Reuters) – Talks between top South Korean and U.S. officials to negotiate over … [Read more...]

(Reuters) – Car registrations across Europe declined in June, with a 4.4% year-on-year drop to 1.25 million vehicles, data from Jato Dynamics showed on Wednesday. While overall demand softened, Chinese automakers continued to gain ground, taking a record market share and squeezing several established European brands, the research data showed. WHY IT’S IMPORTANT Chinese automakers are expanding in … [Read more...]

TOKYO, (Reuters) – Shares of Japanese automakers surged on Wednesday, with Toyota gaining 11% and Honda advancing 9% after U.S. President Donald Trump said he had struck a trade deal with the Japan that includes a 15% tariff. In a post on Truth Social, Trump said the deal would include $550 billion of Japanese investments in the United States. Trump did not specifically mention automakers in his … [Read more...]

WASHINGTON, (Reuters) – A group representing General Motors, Ford and Chrysler-parent Stellantis on Tuesday raised concerns about a trade deal that could cut tariffs on auto imports from Japan to 15% while leaving tariffs on imports from Canada and Mexico at 25%. Matt Blunt, who heads the American Automotive Policy Council that represents the Detroit Three automakers, said they were still … [Read more...]

Summary Tesla’s credit revenue faces decline due to policy changes Analysts predict Tesla’s credit revenue to drop significantly by 2027 Tesla’s financials at risk as credit demand and prices fall SAN FRANCISCO, (Reuters) – A key driver of Tesla’s profit is disappearing fast as the U.S. government changes policies on an environmental asset known as regulatory credits. Investors are likely to … [Read more...]

(Reuters) – China’s BYD will delay mass production at its new electric vehicle factory in Hungary until 2026 and will run the plant at below capacity for at least the first two years, two sources familiar with the matter said. At the same time, China’s No. 1 automaker will start making cars earlier than expected at a new plant in Turkey where labour costs are lower, and will vastly exceed its … [Read more...]

Summary South Korea faces pressure to match Japan-U.S. trade deal Korean automakers’ shares rise after Japan-U.S. deal Seoul to exclude rice, beef, weigh bioethanol imports -Yonhap SEOUL, (Reuters) – Seoul will take a close look at the terms of a U.S.-Japan trade deal, South Korea’s industry minister said on Wednesday, holding out the prospect of greater cooperation in the energy and industrial … [Read more...]

BEIJING, (Reuters) – China’s exports of rare earth magnets to the United States in June soared to more than seven times their May level, marking a sharp recovery in the flow of critical minerals used in electric vehicles and wind turbines after a Sino-U.S. trade deal. Outbound shipments to the United States from the world’s largest producer of rare earth magnets surged to 353 metric tons in June, … [Read more...]

(Reuters) – The National Highway Traffic Safety Administration said on Monday that it is closing a preliminary evaluation into 454,840 Nissan vehicles over engine failure after the Japanese automaker issued a recall in June. The probe, which was opened in December 2023, alleged that engine failures in certain Nissan vehicles were leading to loss of motive power. Consumers also reported engine … [Read more...]