Summary Stellantis hired McKinsey in early April Stellantis spokesperson says Maserati is not for sale Analysts urge streamlined brand portfolio for better profit margins MILAN, (Reuters) – Stellantis is considering a possible sale of its struggling luxury Maserati unit, among other options, two sources with knowledge of the matter said, as the automaker seeks to overhaul its sprawling portfolio … [Read more...]

Source : PTI | Tata Motors is working with the government and is also taking steps to procure magnets from alternate sources in the wake of China restricting exports of rare earth elements, company Chairman N Chandrasekaran told its shareholders on Friday. Responding to queries from shareholders on the impact of China’s move to restrict exports of rare earth elements and shortage of magnets, he … [Read more...]

BEIJING, (Reuters) – A Xiaomi unit has won a tender to buy a plot of land in Beijing close to its existing car factory for 635 million yuan ($88 million), which it plans to use for a smart connected car and components project, a city regulator said on Thursday. The win for a 50-year lease to the 485,134 square metre-large plot of land was announced by Beijing’s municipal planning and natural … [Read more...]

BEIJING, (Reuters) – China’s overseas shipments of rare earth magnets halved in May from April, tumbling to their lowest levels in more than five years due to export curbs. Beijing said this month that it would speed up its approval process, a concession made after the U.S. and China agreed to dial back trade tensions. In the meantime, however, industry sources say Chinese customs officials have … [Read more...]

Source : OutLook | In a significant move to make its electric SUV more accessible, JSW MG Motor India has slashed the prices of the MG ZS EV by up to Rs. 6.14 lakh. With this revision, the Hyundai Creta EV rival now starts at Rs. 17.99 lakh (ex-showroom), positioning it more competitively in the growing electric vehicle market. The updated price list covers five variants: Executive, Excite Pro, … [Read more...]

PARIS, (Reuters) – Stellantis has asked for 82,000 Citroen C3 and DS3 vehicles in France with faulty Takata airbags to be removed from roads, a company spokesperson said on Thursday, one week after a woman in Reims died from injuries sustained by one of the airbags in a 2014 Citroen C3. All C3 and DS3 vehicles produced between 2014 and 2019 are now subject to the “stop drive” recall, the … [Read more...]

BEIJING, (Reuters) – A Xiaomi unit has won a tender to buy a plot of land in Beijing close to its existing car factory for 635 million yuan ($88 million), which it plans to use for a smart connected car and components project, a city regulator said on Thursday. The win for a 50-year lease to the 485,134 square metre-large plot of land was announced by Beijing’s municipal planning and natural … [Read more...]

Summary EU and U.S. are seeking a trade deal by July 9 Trump says EU has not yet offered a fair deal US sees 10% baseline rate for reciprocal tariffs Baseline 10% rate a ‘sticky issue’, EU official says BRUSSELS, (Reuters) – European officials are increasingly resigned to a 10% rate on “reciprocal” tariffs being the baseline in any trade deal between the United States and the European Union, … [Read more...]

(Reuters) – Honda Motor-backed Helm.ai on Thursday unveiled its camera-based system to interpret urban environments, dubbed Helm.ai Vision, and said it was in talks with other automakers to deploy its self-driving technology in mass-market vehicles. Helm.ai is working with the Japanese automaker to integrate its technology in the upcoming 2026 Honda Zero series of electric vehicles, which will … [Read more...]

Summery Volkswagen to launch 12 Performance Centres across India, catering to the brand’s vision of premiumization, targeting progressive customer segments Volkswagen begins deliveries of the Golf GTI and plans to further boost accessibility for the Tiguan R-Line through these Performance Centres Inauguration of two new Performance Centres in Chennai adds to the Brand’s network expansion in Tamil … [Read more...]

Bengaluru-based Oben Electric has successfully raised INR 100 crore in Series A funding, including a fresh INR 50 crore infusion in May 2025 through an extended round. The EV startup, known for its vertically integrated electric motorcycle offerings, has now raised a total of INR 200 crore to date. Key investors in the extended round include Helios Holdings, Sharda family office, Kay family, and … [Read more...]

(Reuters) – VinFast said on Wednesday its first dealership in San Diego, California, is set to begin operations this month, as the Vietnamese electric-vehicle maker doubles down on the dealer model in a bid to boost sales. Backed by Vietnam’s largest conglomerate, Vingroup, VinFast has faced challenges including softer demand, stiff competition and the fallout of U.S. tariffs. In addition to the … [Read more...]

WASHINGTON, (Reuters) – A U.S. auto safety agency on Wednesday closed a seven-year-old investigation into 2.03 million Nissan Motor vehicles over issues related to rear suspension control arm failure without seeking a recall. The National Highway Traffic Safety Administration investigation, which covered 2013-2018 Nissan Altima and 2016-2018 Nissan Maxima vehicles, was opened in 2018 and upgraded … [Read more...]

(Reuters) – Amazon’s Zoox has opened its first robotaxi serial production facility, it said on Wednesday, marking a crucial step towards launching a commercial robotaxi service that will compete with Alphabet’s, Waymo and Tesla Zoox is testing in various U.S. cities with more than 20 vehicles and plans to launch the commercial services in Las Vegas this year, followed by San Francisco, where it … [Read more...]

Source : PTI | Tractor sales in India are likely to see a moderate growth of 4-7 per cent in 2025-26 on the back of a favourable monsoon forecast, which is expected to support agricultural production, ratings agency ICRA said on Wednesday. Pre-buying ahead of the TREM V emission norms, proposed to take effect from April 1, 2026, could further aid volume growth, ICRA said in a statement. “The … [Read more...]

Gadkari said the pass is valid for one year from the date of activation or up to 200 trips, whichever comes first. Union Minister Nitin Gadkari on Wednesday said the government will introduce a FASTag-based annual pass for private vehicles, priced at ₹3,000, effective from August 15, in a step towards hassle-free highway travel. In a post on X, Gadkari said the pass is valid for one year from the … [Read more...]

Source : Maruti Suzuki Inaugurated by Hon’ble Union Minister for Railways, Information and Broadcasting, Electronics & Information Technology, Shri Ashwini Vaishnaw and Hon’ble Chief Minister of Haryana, Shri Nayab Singh Saini. The company’s second GatiShakti in-plant terminal, after the Gujarat facility. Aimed at bringing efficiencies in logistics and sustainable development. India’s largest … [Read more...]

PARIS, (Reuters) – French Transport Minister Philippe Tabarot has requested that all Citroen C3 and DS3 vehicles subject to a Takata airbag recall be taken off the roads, French media reported on Tuesday, after reports that a woman died after her airbag was triggered. The French government has said that vehicles built between 1998 and 2019 are likely to be subject to a recall campaign over faulty … [Read more...]

(Reuters) – Chinese automakers are rapidly pulling ahead in the global zero-emission vehicle (ZEV) market, according to research firm International Council on Clean Transportation (ICCT). WHY IT’S IMPORTANT The global EV market is currently experiencing intense competition among its key players. China has a crucial role in the global EV transition, as it now accounts for over 11 million electric … [Read more...]

Summary De Meo stepped down as Renault CEO on Monday Le Vot has run Renault’s Dacia brand since 2022 Picat lost out on top job at rival Stellantis LONDON, (Reuters) – Luca de Meo’s abrupt departure as Renault CEO has kicked off a search for his successor, with analysts mentioning longtime insider Denis Le Vot and Maxime Picat of rival Stellantis as suitable fits to continue the French … [Read more...]