Summary Agreement hopes hit by Trump 30% tariff threat, DC talks Diplomats say EU members considering anti-coercion powers Some EU states still baulk at using ‘nuclear option’ BRUSSELS, (Reuters) – The European Union is exploring a broader set of possible counter-measures against the United States as prospects for an acceptable trade agreement with Washington fade, according to EU diplomats. An … [Read more...]

(Reuters) – Tesla on Monday settled a lawsuit against Louisiana and various auto dealerships and trade groups, in which CEO Elon Musk’s electric car company challenged the state’s ban since 2017 on direct vehicle sales to consumers. According to a dismissal motion filed in New Orleans federal court, Tesla’s claims have been “fully and finally resolved,” with state officials maintaining they were … [Read more...]

SHANGHAI, (Reuters) – A publication of China’s top auto industry association said on Monday that its report about China’s industry ministry planning to ban the resale of cars within six months of their initial registration was “inaccurate”, and it deleted that line from its story. Auto Review, the official media outlet run by the China Association of Automobile Manufacturers, said in a statement … [Read more...]

Source : PTI | Vast AI talent pool and electric vehicle makers’ attitude to adopt artificial intelligence and powerful computing offer a big opportunity in India for MediaTek, a senior company official said. MediaTek Director for Product Marketing — Automotive Platform — Rita Wu told PTI the semiconductor company is looking to penetrate deeper in India’s automotive sector with a strategic focus on … [Read more...]

Source : PTI | Russian oil giant Rosneft-backed Nayara Energy on Monday reaffirmed its plan to invest ₹70,000 crore in downstream projects linked to its refinery, while denouncing the latest EU sanctions against it as unjust and harmful to India’s interests. A day after Rosneft condemned sanctions on its Indian unit, Nayara Energy, as unjustified, illegal, and a direct threat to India’s energy … [Read more...]

Source : PTI | Ashok Leyland will follow a proactive approach to navigate emerging global and industry trends including electrification and supply chain challenges as it remains in hunt to be among the world’s leading commercial vehicle manufacturers, according to Chairman Dheeraj G Hinduja. In his address to shareholders in the company’s Annual Report for 2024-25, he noted that the commercial … [Read more...]

Source : PTI | Tyre maker CEAT Ltd expects to maintain a double-digit growth this fiscal with domestic replacement segment, specially from rural markets, to drive sales while direct supplies to automobile makers are likely to be muted, according to company MD & CEO Arnab Banerjee. The company is also waiting and watching the tariff situation in the US, a big growth market but not a significant … [Read more...]

Source : PTI | Battery materials manufacturer Epsilon Advanced Materials is prepared to enter into long-term strategic partnerships with the companies looking to source high-quality graphite anode and cathode materials outside China, a company official said. EV batteries are made of components like anode, cathode, electrolyte and separator. As of now China commands over 90 per cent of this … [Read more...]

Source : PTI | Japanese auto major Honda is targeting a 30 per cent share in the Indian two-wheeler market by 2030, as it chases the goal to achieve half of global two-wheeler sales in the long term, according to a top official of the company’s arm in India. The company’s arm, Honda Motorcycle & Scooter India (HMSI), sees huge potential to grow sales among female customers, who currently … [Read more...]

Summary Neta inflated sales of over 60,000 cars between Jan 2023-March 2024-documents Scheme enabled companies to book sales early to meet aggressive targets China’s auto industry has been roiled by cut-throat competition, prompting regulatory concern (Reuters) – Chinese electric vehicle brands Neta and Zeekr inflated sales in recent years to hit aggressive targets, with Neta doing so for more … [Read more...]

New Delhi : Maruti Suzuki India Limited (Maruti Suzuki) has achieved a new milestone in after-sales service. The Company, through its network, has serviced over 24.5 lakh vehicles in a single month, the highest ever in its history. The record was achieved in the month of May, and entails paid service, free service as well as running repairs. The Company, in its unwavering commitment to … [Read more...]

Summary Elections may weaken PM Ishiba, who secured no tariff relief Mazda faces 25% U.S. tariffs, imperilling Hiroshima’s economy Company forms tariff strategy team after U.S. sales drop HIROSHIMA, Japan, (Reuters) – When car maker Mazda sneezes, everyone catches a cold, say people in its hometown of Hiroshima in western Japan, but these days, auto parts maker Yuji Yamaguchi fears a deep chill … [Read more...]

(Reuters) – British luxury carmaker Jaguar Land Rover has delayed the launch of its electric Range Rover and Jaguar models to allow time for more testing and for demand to pick up, The Guardian reported on Friday. JLR has told customers deliveries of the Range Rover Electric will not start until next year, the report said, while a source told the newspaper that Jaguar’s first EV will start … [Read more...]

BEIJING, (Reuters) – Major automakers should push for “rational competition” in the electric vehicle industry, a senior Chinese official said on Thursday, according to a statement from the industry ministry published on Friday. The comments from Che Jun, head of a Communist Party central leading group, came a day after China’s cabinet pledged to regulate what it called “irrational” competition in … [Read more...]

BERLIN, (Reuters) – Porsche CEO Oliver Blume has initiated negotiations on another round of cost-cutting measures to help the German carmaker cope with challenges in China and the U.S. tariff dispute, according to a letter seen by Reuters on Friday. “In the second half of 2025, employer and employee representatives will negotiate a second structural package to secure the company’s long-term … [Read more...]

Summary Raj Jegannathan takes over Tesla sales amid declining demand The IT exec lacks traditional sales experience, has grown closer to Elon Musk High-level departures at Tesla include Troy Jones, Omead Afshar (Reuters) – A relatively little-known information technology executive is running Tesla’s sales team as the electric carmaker grapples with a drop in sales, according to people familiar … [Read more...]

(Reuters) – Alphabet’s Waymo is expanding its service in Austin, Texas, to 90 square miles from 37 square miles earlier, the software giant’s self-driving unit said on Thursday, seeking to protect its top position in the city from rivals such as Tesla. Waymo, which has over 100 vehicles on the Uber platform in Austin, will now cover new neighborhoods such as Crestview, Windsor Park, Sunset Valley … [Read more...]

(Reuters) – The U.S. National Highway Traffic Safety Administration (NHTSA) on Thursday asked owners of some vehicles of Swedish automaker Volvo to urgently complete a safety recall over a brake failure issue. Volvo issued a recall in June for 11,469 vehicles of a number of models due to a loss of brake function. The remedy for the Volvo recall is to update vehicle software through an … [Read more...]

Summary UNP and Norfolk’s combined market value is roughly $200 billion “This (deal) would attract a lot of scrutiny” – expert Norfolk shares up 4.5% after hours (Reuters) – Railroad operator Union Pacific is exploring a deal to buy smaller rival Norfolk Southern, the Wall Street Journal reported, in a merger that would bolster the industry leader’s heft and likely draw intense regulatory … [Read more...]

Summary NHTSA staffing could see further cuts if Congress reduces budget Agency faces broad workload of vehicle defect investigations Transportation secretary says uncertain if department will conduct layoffs WASHINGTON, (Reuters) – The U.S. auto safety agency is shedding more than 25% of its employees under financial incentive programs to depart the government offered by the Trump … [Read more...]