Source : PTI | Pune-based Kinetic Green Energy and Italy-originated Tonino Lamborghini SpA have joined hands to make electric golf carts for both Indian and global markets. The companies have launched their electric golf and lifestyle carts, which will be manufactured at Kinetic Green’s Pune-based plant, company executives confirmed during the launch event. The carts–designed in Italy– are … [Read more...]

Source : PTI | Tata Motors-owned Jaguar Land Rover (JLR) on Thursday confirmed plans to cut hundreds of managerial roles as part of a “limited” voluntary redundancy programme, which it says is aimed at better aligning its leadership workforce with the luxury car brand’s business strategy. The UK-based car manufacturer, which has been under pressure from US President Donald Trump’s tariff wars, … [Read more...]

Summary Complimentary 40-point vehicle check-up to ensure safer driving during monsoons Improved total cost of ownership with special discounts on Service Value Packages Trusted Volkswagen care with genuine parts, certified technicians, and customer first service across all authorized outlets in India Mumbai: Volkswagen India reaffirms its commitment to customer safety and satisfaction with the … [Read more...]

Summary Shares flat after rising 3% in early trading Signs of recovery in Europe offset North America slump Q2 adjusted operating profit at SEK 13.5 bln, above consensus (Reuters) – Swedish truckmaker Volvo reported higher than expected quarterly earnings on Thursday, as signs of recovery in Europe helped it offset sluggish demand in North America. Truck orders in North America have fallen more … [Read more...]

RABAT, (Reuters) – Carmaker Stellantis plans to more than double production capacity at its plant in Kenitra, Morocco, in the coming months to 535,000 vehicles annually, its chief operating officer for the Middle East and Africa said on Wednesday. The plant aims to step up production of supermini electric cars – including the Citroën Ami, Opel Rocks-e, and Fiat Topolino – to 70,000 from 20,000, … [Read more...]

Summary Uber to deploy 20,000 Lucid SUVs with Nuro’s AV tech Lucid-Nuro prototype operating at Las Vegas testing facility Challenges remain for AV commercialization due to costs and regulations SAN FRANCISCO, (Reuters) – Uber will invest $300 million in electric vehicle maker Lucid in a robotaxi deal that aims to start with one major U.S. city late next year, the companies said on Thursday. Over … [Read more...]

(Reuters) – An EV battery recycling project backed by Jaguar Land Rover has received British government funding to recover critical minerals from end-of-life batteries, startup Mint Innovation said on Thursday. The project to recover lithium, nickel and cobalt from used batteries is part of the 2.5-billion-pound ($3.35 billion) DRIVE35 programme that the UK Department for Business and Trade … [Read more...]

Summary Shares on track for biggest decline since March 2020 Profit warning comes while company without CEO Renault shares had been outperforming rivals more exposed to US PARIS, (Reuters) – Shares in Renault plunged as much as 18% on Wednesday after the French automaker surprised investors with a profit warning just a month after CEO Luca de Meo announced his departure. The company said late on … [Read more...]

Summary June exports down 0.5% yr/yr vs forecast rise of 0.5% Imports rise 0.2% yr/yr in June U.S.-bound shipments down 11.4% yr/yr TOKYO, (Reuters) – Japan’s exports fell for a second straight month as sweeping U.S. tariffs took a toll on the country’s manufacturers, with its fragile economy exposed to greater risks from the global trade war in coming months. Japan failed to clinch a deal with … [Read more...]

Summary Volvo Cars second-quarter operating profit falls sharply Demand remains soft and volatile amid weaker consumer confidence Second-quarter results better than expected, analysts say Shares jump nearly 8% STOCKHOLM, (Reuters) – Volvo Cars reported a sharp decline in second-quarter operating profit on Thursday that nonetheless exceeded analyst expectations, sending shares up, though the … [Read more...]

Summary US tariffs force Volvo Cars to focus on high-margin models Suspends sale of several sedans and station wagons Volvo’s EX90 struggles exacerbated by European component tariffs Company will add popular mid-sized SUV hybrid XC60 to US production STOCKHOLM, (Reuters) – Volvo Cars said it has scaled back its U.S. model lineup this year, among the first examples of a major automaker halting … [Read more...]

Source : PTI | In a bid to enhance passenger safety, the Meghalaya government will soon make displaying drivers’ details inside commercial vehicles mandatory, a minister said on Tuesday. All commercial vehicle owners will have to display drivers’ information, including their names, licences and contact numbers and addresses, inside their cars, state Tourism Minister Paul Lyngdoh said. “The … [Read more...]

Source : PTI | Wheels India Ltd, a manufacturer of steel wheels and cast iron-wheels has infused 50,000 euros into its newly formed entity and subsidiary WIL Europe GmbH, the company said on Sunday. GmbH is in the process of formation and is yet to commence operations. It is being developed to expand and do business activities in Europe, Wheels India said. “We wish to inform you that the company … [Read more...]

Source : PTI | Automotive components maker Pricol on Tuesday said it has inked a pact with Italy-based Domino S.R.L. for two-wheeler handlebar control technologies. The partnership aims to expand advanced two-wheeler control technologies such as throttles, switches, and allied products across India and Southeast Asia, Pricol Ltd said in a statement. In addition, the tie-up enables synergies for … [Read more...]

WASHINGTON, (Reuters) – President Donald Trump’s nominee to head the nation’s auto safety regulator will argue on Wednesday that the agency must actively oversee self-driving vehicle technology, a potential sign of a tougher approach than some critics expected. Jonathan Morrison, chief counsel of the National Highway Traffic Safety Administration in the first Trump administration, will testify to … [Read more...]

Summary Finance chief Minto to be interim CEO after departure of Luca de Meo Company also warns on free cash flow after weak June sales Full year margin forecast lowered to 6.5% from at least 7% PARIS, (Reuters) – Renault named finance chief Duncan Minto as interim CEO on Tuesday, and said it will step up cost cutting measures after lowering its forecast for full year operating margins. The … [Read more...]

ROME, (Reuters) – Carmaker Stellantis said on Wednesday it would discontinue its hydrogen fuel cell technology programme and no longer launch hydrogen-powered vehicles this year, raising questions about the future of hydrogen subsidiary Symbio. The group said the decision was due to the limited availability of hydrogen refuelling infrastructure, high capital requirements and the need for stronger … [Read more...]

(Reuters) – Ford is recalling 694,271 crossover SUVs in the United States due to a fuel leak issue that could increase the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Wednesday, following a year-long investigation. The NHTSA said fuel injectors in affected vehicles may crack, causing fuel to leak into the engine compartment and potentially ignite. Drivers may … [Read more...]

Summary Shares on track for biggest decline since March 2020 Profit warning comes while company without CEO Renault shares had been outperforming rivals more exposed to US (Reuters) – Shares in Renault plunged as much as 18% on Wednesday after the French automaker surprised investors with a profit warning just a month after CEO Luca de Meo announced his departure. The company said late on … [Read more...]

DETROIT, (Reuters) – General Motors said on Tuesday it will move production of the Cadillac Escalade to a Michigan assembly plant, while adding new capacity for gas-powered Chevrolet Silverado and GMC Sierra light-duty pickups at the same facility. The production shifts are part of GM’s $4 billion investment plan announced in June at three U.S. facilities in Michigan, Kansas and Tennessee, a move … [Read more...]