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(Reuters) – Grok AI will be available in Tesla vehicles next week “at the latest”, the EV maker’s CEO, Elon Musk, said in a post on X on Thursday. Musk’s AI startup xAI launched Grok 4, its latest flagship AI model, on Wednesday. While Musk had earlier said Tesla vehicles would be equipped with Grok, the billionaire CEO had not shared a timeline. Tesla did not immediately respond to a request for … [Read more...]

(Reuters) – Polestar reported a surge in second-quarter sales on Thursday, bolstered by strong demand for its electric vehicles in its home market of Europe, even as it faces challenges in markets such as the U.S. Shares of the company rose more than 5%. Demand for Polestar’s EVs has remained resilient in Europe due to offers and discounts, while several other markets have been weighed by high … [Read more...]

After cements, paints and ports, JSW Group has big plans for the automotive sector. Parth Jindal, MD, JSW Cement and JSW Paints, shares with Swaraj Baggonkar the details of the group’s plans, including the launch of a new electric car at Rs 10 lakh, besides plans to hike equity in JSW MG Motor India. Will you offer more products in the mass market segment? We are working on an electric vehicle … [Read more...]

JSW MG Motor India has taken a bold step toward reshaping the premium automotive retail experience with the launch of MG SELECT, an exclusive new-age luxury brand concept. Marking the beginning of this initiative, the company today inaugurated its first MG SELECT Experience Centre in Thane, Maharashtra. Anurag Mehrotra, Managing Director of JSW MG Motor India, stated, “Luxury consumption in India … [Read more...]

Source : PTI | Clean energy firm Gentari and Shell India have formed a strategic partnership to improve electric vehicle (EV) charging accessibility nationwide, according to a company announcement on Thursday. The partnership aims to provide access to a collective network of over 450 EV charging points across India. “Effective July 10, Shell Recharge charging points will be accessible through the … [Read more...]

Summary LSEG data for Chinese automakers show deteriorating key financial metrics over the past six years Automakers taking longer to pay suppliers and short-term creditors Chinese regulators have warned the turmoil is undermining the sector’s long-term viability (Reuters) – China’s auto sector is reeling from overcapacity and an extended price war, raising alarm among regulators and industry … [Read more...]

TOKYO, (Reuters) – Nissan Motor has suspended U.S. production of three vehicle models for Canada amid mutual tariffs imposed by the U.S. and Canada on auto imports, the automaker said. It has halted production of Pathfinder and Murano SUVs and Frontier pickup trucks, the Japanese automaker said in a statement late on Wednesday, without saying when the suspension went into effect or how long it … [Read more...]

BEIJING, (Reuters) – Chinese electric vehicle maker BYD on Wednesday promised to take responsibility for losses to cars with its God’s Eye assisted driving systems in smart parking scenarios in China. BYD has achieved smart parking equivalent to level 4, meaning drivers can take their hands, eyes and minds off the driving task under certain conditions, with automakers held liable for accidents, it … [Read more...]

(Reuters) – A group of 27 major Tesla shareholders urged the electric automaker’s board on Wednesday to set a date for its annual shareholder meeting this year, citing legal obligations and growing governance concerns. Tesla is close to missing a legal deadline and has not announced this year’s meeting, the group consisting of U.S. state treasurers, pension funds and governance experts said in a … [Read more...]

FRANKFURT, (Reuters) – Porsche expects a 300 million euro ($351 million) hit to results as a consequence of absorbing U.S. import tariffs in April and May, the luxury sportscar manufacturer said in slides published after an investor call ahead of quarterly results. The company had previously spoken only of a hit in low triple-digit million euros for the two months, without giving a firm … [Read more...]

Summary EV sales expected to get a lift as tax-credit expiration nears Automakers offer incentives to boost EV sales before tax credit ends Tax credit set to disappear September 30 DETROIT, (Reuters) – Automakers are urging customers to snap up electric vehicles before a $7,500 U.S. tax credit goes away this fall. Tesla’s homepage on Tuesday displayed a banner: “$7,500 Federal Tax Credit Ending. … [Read more...]

Source : PTI | Policy interventions can enable unlocking of USD 3.5 billion lithium ion recycling and production ecosystem in the country by 2030, a report by industry body India Cellular and Electronics Association (ICEA) and Accenture said on Wednesday. The report estimates that without any policy intervention and measures to facilitate investments, the present lithium battery (LiB) recycling … [Read more...]

(Reuters) – German luxury sports carmaker Porsche said on Tuesday its sales fell in the first half of the year, blaming challenging market conditions and intense competition for a 28% slump in the Chinese market. Globally the sales of the carmaker fell 6% and Porsche delivered a total of 146,391 vehicles worldwide, but they grew by 10% in North America, its largest region. “The increase is mainly … [Read more...]

LONDON, (Reuters) – Chery said on Tuesday it will launch sales of its Chery brand in Britain in the coming weeks with two new SUV models, joining a growing number of Chinese automakers and brands competing for share in one of Europe’s most competitive car markets. Chery launched its Omoda brand in Britain last August, followed by its Jaecoo brand in January. Gary Lan, who heads the Chery, Omoda … [Read more...]

(Reuters) – Ford Motor said Tuesday it believes its planned $3 billion Michigan electric vehicle battery plant, which is 60% complete, will qualify for production tax credits after a massive tax and budget bill revised the rules. In May, Ford had sounded the alarm over the potential for the U.S. government to eliminate production tax credits that support the manufacturing of electric vehicle … [Read more...]

Summary China June car sales +18.6% y/y vs +13.9% y/y in May EV, PHEV sales quicken, but worrying signals emerge Exports pick up BEIJING, (Reuters) – China’s car sales rose in June for the fifth straight month, but reports by some major electric vehicle makers of easing demand raised concerns about intensifying competition in the world’s largest auto market. The stacked bar shows new energy … [Read more...]

Summary Manheim Index shows largest annual increase since August 2022 Trump’s tariffs led to early surge in new vehicle buying Fed officials cautious about inflation (Reuters) – A gauge of U.S. used vehicle prices sold at wholesale auctions that proved predictive ahead of the inflation surge following the COVID pandemic is climbing again, last month notching its largest annual increase in nearly … [Read more...]

Mr. Vikram Pawah to take charge as Chief Executive Officer of BMW Group Australia and New Zealand. BMW Group India has announced a change in personnel at the helm with Mr. Hardeep Singh Brar being appointed as the President and Chief Executive Officer effective 1 September 2025. Mr. Hardeep Singh Brar succeeds Mr. Vikram Pawah who is taking charge as Chief Executive Officer of BMW Group Australia … [Read more...]

Summary Tesla stock set to lose $80 billion in market valuation Investors raise concerns over Musk’s political involvement Board’s action over Musk’s role and priorities in focus (Reuters) – Tesla shares fell nearly 8% on Monday after CEO Elon Musk’s plans to launch a new U.S. political party reignited concerns about his commitment to the company’s future as it struggles with declining … [Read more...]