(Reuters) – Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares on Monday after CEO Elon Musk’s plans to launch a new U.S. political party heightened concerns about his commitment to the company’s future. The company’s shares slumped 7.5% in early trading after Musk’s political move, which followed an open feud with Donald Trump over the U.S. … [Read more...]

SAO PAULO, (Reuters) – Brazil’s auto production fell 6.5% in June from the previous month, totaling 200,764 units, data released by automakers association Anfavea showed on Monday. Auto sales in Latin America’s largest economy were down 5.7% in the month to 212,932 units, the group added. Reporting by Paula Arend Laier Source: worldautoforum.com … [Read more...]

(Reuters) – Europe’s car industry could return to producing 16.8 million cars a year, equalling its post-2008 crisis peak, if the European Union maintains its 2035 clean cars target and implements policies to support the transition, a study published by campaign group Transport & Environment showed on Tuesday. Conversely, deploying no industrial strategy and going back on the 2035 target that … [Read more...]

(Reuters) – U.S. President Donald Trump’s tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy. Here is a timeline of the major developments: February 1 – Trump imposes 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, demanding they curb the flow of fentanyl and illegal immigrants … [Read more...]

Summary Thailand’s EV incentives face pressure from oversupply Neta’s sales in Thailand drop amid aggressive discounting and weak demand Neta’s downturn highlights spillover from China’s competitive auto sector BANGKOK, (Reuters) – Hyper-competition in China’s electric vehicle sector is spilling over to its biggest market in Asia, Thailand, as smaller players struggle to compete with dominant … [Read more...]

Summary In his feud with Trump, Musk announces “America Party” Musk plans challenges to Republican incumbents Trump calls third party “ridiculous,” says US is built for two-party system Investment firm delays launch of Tesla ETF WASHINGTON, (Reuters) – President Donald Trump on Sunday called Elon Musk’s plans to form a new political party “ridiculous,” launching new barbs at the tech billionaire … [Read more...]

Summary Nissan’s credit downgraded to junk by major rating firms Firm launches $1 billion convertible bond Nissan’s cash flow margins weaker than peers, Fitch reports SYDNEY/TOKYO, (Reuters) – Japan’s Nissan Motor plans to sell $4 billion worth of U.S. dollar- and euro-denominated senior unsecured bonds, showed a term sheet reviewed by Reuters on Monday. The plan comes about a week after Reuters … [Read more...]

TOKYO, (Reuters) – Japan’s Nissan Motor is in talks to allow Taiwan’s Foxconn to use one of the automaker’s domestic factories to build electric vehicles, said two people familiar with the matter, a deal that could save the plant from closure. Reuters reported in May that Nissan was considering closing its Oppama plant, in the port city of Yokosuka south of Tokyo. CEO Ivan Espinosa has announced … [Read more...]

Source : PTI | Union Minister has unveiled an ambitious roadmap for next-generation mass mobility in the country, which includes electric rapid transport, hyperloop in urban areas and ropeways, cable buses and funicular railways in inaccessible terrains. In an interview with PTI, the Union Minister of Road Transport and Highways said India’s transport sector is undergoing a major transition, with … [Read more...]

Source : PTI | Prices of second-hand cars in the national capital have witnessed a sharp fall in recent days, with traders reporting a decline of 40 to 50 per cent, the Chamber of Trade and Industry (CTI) said on Friday. CTI Chairman Brijesh Goyal said the market for overage vehicles in Delhi has been severely affected, with nearly 60 lakh vehicles impacted by the sudden downturn. He attributed … [Read more...]

Summary Launch of new hybrid 500 expected in November Features 12 volt lithium battery Plans upgraded 500 EV in 2027 costing 20,000 euros TURIN, Italy, (Reuters) – Fiat aims to manufacture over 100,000 units per year of its new hybrid 500 small car, a model parent Stellantis bets on to revive its ailing production in Italy, the brand’s head Olivier Francois said on Friday. Stellantis, which was … [Read more...]

Source : PTI | IFC, a member of the World Bank Group, on Thursday committed Rs 460 crore to IndiGrid to build India’s largest standalone battery energy storage system project in Gujarat. The project is designed to play a key role in supporting the state’s clean energy goals by enhancing grid stability and ensuring reliable power is available during peak demand, a joint statement said. The … [Read more...]

Summary Air cargo demand from Asia to North America fell 10.7% in May, IATA reports Low-value e-commerce shipments from China to US fell 43% in May, Aevean estimates E-commerce platforms shift focus to Europe and Asia-Pacific, Rotate consultancy notes SHANGHAI/SEOUL, (Reuters) – Air cargo shipment volume from Asia has declined by double digits since the U.S. cancelled a tax-free exemption for … [Read more...]

(Reuters) – Tesla’s new car sales in Britain grew 12% year-on-year in June, data from research group New AutoMotive showed on Friday, as the U.S. automaker started deliveries of its updated Model Y last month. Overall, Britain’s new car registrations in June grew 12.8% from the prior year to 187,655 units, led by a 45.5% growth in battery electric vehicle sales, the data showed. Tesla sold 7,891 … [Read more...]

(Reuters) – It is the end of the line for U.S. electric vehicle tax credits. Sweeping tax and budget legislation approved by Congress on Thursday means $7,500 tax credits for buying or leasing new electric vehicles will end on September 30, as well as a $4,000 used EV credit, that have helped juice green vehicle sales in recent years. The Electrification Coalition, an EV advocacy group, said on … [Read more...]

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Presenting an exclusive opportunity to upgrade to a Volkswagen and avail exclusive limited-period service benefits and upgrade offers, including pre-owned cars Mumbai: Volkswagen India is proud to announce the return of Volkswagen Autofest, the brand’s highly anticipated National Exchange Carnival. This annual event is designed to offer customers across the country an exceptional opportunity to … [Read more...]

(Reuters) – Tesla’s sales volume in Germany fell by 60% in June, the German road traffic agency KBA said on Tuesday, although sales of battery electric vehicles rose overall. KBA said Tesla sold 1,860 cars in Germany in June, down 60% from a year earlier. The number of Teslas sold in the first half of 2025 dropped 58.2% to 8,890 units, compared with the same period last year. By contrast, the … [Read more...]

BEIJING, (Reuters) – Only 15 out of the 129 brands that currently sell electric vehicles and plug-in hybrids in China will be financially viable by 2030, as intense competition forces consolidation and some to exit the market, consultancy AlixPartners said on Thursday. These 15 brands are projected to account for approximately 75% of China’s EV and plug-in hybrid market by the end of the decade, … [Read more...]

COPENHAGEN, (Reuters) – Maersk estimates companies pay effective U.S. import tariffs of on average 21% relative to container load, the Danish shipping group said on Wednesday, less than half the rate before Washington paused its sweeping tariffs in April. Maersk said in a regular global market update that at its peak, shortly after April 2 when President Donald Trump unveiled tariffs against … [Read more...]