Summary Sees soft market demand for high performance luxury EVs Ferrari to launch its first EV model later this year First EV to be a “large” model but not SUV Competitors postponed or scaled back EV ambitions MILAN, (Reuters) – Ferrari has delayed plans for its second fully-electric model that was due out in 2026 to at least 2028, because of a lack of demand for high-performance luxury EVs, two … [Read more...]

Summary May exports -1.7% yr/yr vs forecast -3.8% Imports fall 7.7% yr/yr in May Japan scrambling to get exemptions from US auto tariffs Ishiba says some disagreements persist between Japan and US TOKYO, (Reuters) – Japan’s exports fell in May for the first time in eight months as big automakers like Toyota were hit by sweeping U.S. tariffs, and the failure of the Asian nation to clinch a trade … [Read more...]

KANANASKIS, Alberta (Reuters) – In a surprise move, Canadian Prime Minister Mark Carney said on Monday he had agreed with U.S. President Donald Trump that their two nations should try to wrap up a new economic and security deal within 30 days. The announcement came only a few hours after Canadian officials said the two sides still had plenty of work ahead before they could seal the … [Read more...]

KANANASKIS, Alberta, (Reuters) – U.S. President Donald Trump and British Prime Minister Keir Starmer on Monday said they had finalized a trade deal reached between the two allies last month. Trump, standing alongside Starmer at the Group of Seven summit in Canada, said the relationship with Britain was “just fantastic,” as he waved, and briefly dropped, a document which he said he had just … [Read more...]

WASHINGTON, (Reuters) – U.S. Senate Republicans on Monday proposed a tax and budget bill that would end the $7,500 tax credit on new electric vehicle sales 180 days after the measure is signed into law and immediately end the credit for leased EVs made outside North America. Republicans have taken aim at EVs on a number of fronts, a u-turn from former President Joe Biden’s policy that encouraged … [Read more...]

(Reuters) – British luxury carmaker Jaguar Land Rover lowered its fiscal 2026 earnings before interest and taxes margins forecast to 5%-7% on Monday from 10% earlier, amid uncertainty in the global auto industry as U.S. tariffs loom. Shares in the company’s Indian parent Tata Motors slumped as much as 5.2% in early trade following the announcement. The revised EBIT margin forecast is also below … [Read more...]

Source : PTI | Home-grown Tata Steel, which is adopting low carbon emitting steel making technologies in India and Europe, aims to have 10-15 million tonnes of production through recycling route in the next 10-15 years, the company’s CEO and MD T V Narendran has said. In FY25, Tata Steel produced 30.92 million tonnes of steel out of its total capacity of 35 million tonnes spread over India, the … [Read more...]

(Reuters) – Tesla said on Thursday it upgraded its Model S and Model X cars in the U.S. and raised their prices by $5,000, according to the electric vehicle maker’s post on X and its website. Prices were hiked for all configurations of the two models by $5,000, Tesla’s website showed. The all-wheel drive version of Model X costs $89,990, while its plaid variant is priced at $104,990. The model S … [Read more...]

TOKYO, (Reuters) – Nissan Motor CEO Ivan Espinosa said the automaker plans to reduce its stake in French partner Renault, the Nikkei business newspaper reported on Monday. Nissan and Renault had said in March they had agreed to reduce their required minimum stake in each other to 10% from 15%. Under their agreement, any share sale has to be coordinated with the other party and includes a right of … [Read more...]

Summary De Meo oversaw post-pandemic turnaround at Renault Le Figaro reports he will take over from Pinault as Kering CEO Pinault has been mulling splitting CEO, chairman roles, source says Kering’s Gucci label has been struggling PARIS, (Reuters) – Renault CEO Luca de Meo is leaving the French carmaker to pursue a role outside the auto industry, the company said on Sunday, and newspaper Le … [Read more...]

Source : PTI | Tyre maker Continental is looking to expand its passenger vehicle and light truck tyres business in India, as it aims to focus on products catering to the robustly growing utility vehicle segment, according to a top company official. The company expects strong growth potential in larger-inch and ultra-high-performance tyres designed for SUVs, 4x4s, and sporty vehicles, aligning … [Read more...]

Source : PTI | In a relief to Japanese automobile company Yamaha, the Bombay High Court has set aside an order refusing it a trademark similar to one already registered by Honda Motor Company and directed the registrar, Trade Marks, to adjudicate the issue afresh. A bench of Justice Manish Pitale on June 13 said while a bare perusal of the two trademarks – Yamaha’s WR and Honda’s WR-V – may cause … [Read more...]

STOCKHOLM, (Reuters) – Swedish pension fund AP7 said on Friday it has blacklisted and sold all its shares in U.S. electric vehicle maker Tesla, citing violations of union rights in the United States. “AP7 has decided to blacklist Tesla due to verified violations of labor rights in the United States,” the pension fund said in a statement. “Despite several years of dialogue with Tesla, including … [Read more...]

(Reuters) – Ford Motor Co is struggling with supplies of rare earth magnets, the automaker’s CEO Jim Farley told Bloomberg News in an interview on Friday. China, which controls more than 90% of global rare earth processing capacity, imposed new export licensing rules in April, tightening supply to Western manufacturers of everything from cars and fighter jets to household appliances. Automakers, … [Read more...]

Summary May imports to Port of Los Angeles down 9% year-on-year Incoming cargo due to rebound after China tariffs lowered to 30% from 145% Industry expects 2025 forecasts to decline from 2024 level LOS ANGELES, (Reuters) – Imports to the busiest U.S. seaport at Los Angeles dropped 9% year-on-year in May and could remain muted through the remainder of 2025, after companies responded to President … [Read more...]

NEW YORK, (Reuters) – Private equity firms including Blackstone and Apollo Global Management have expressed interest in acquiring U.S. trucker Forward Air, people familiar with the matter said. They signed confidentiality agreements with the company, allowing them to review documents and receive other information to shape a potential bid. Platinum Equity and Clearlake Capital are also able to … [Read more...]

Summary States say U.S. Senate action was unlawful Trump says California EV rules a ‘disaster’ Automakers praise action calling EV rules unworkable WASHINGTON, (Reuters) – A group of 11 states led by California on Thursday filed suit challenging a repeal by Congress of the state’s 2035 electric vehicle rules and heavy duty truck requirements. U.S. President Donald Trump on Thursday signed three … [Read more...]

“WAF AutoNews” is World’s No.1 in World Auto News,  Auto Think Tank & Auto Awards !!Click Here to See for yourself.  WAF THINK TANK Consumer Rights in India: What to Do If a Car Dealer Sells You an Accidented, Repaired Car CarPhD Auto companies ‘in full panic’ over rare-earths bottleneck WAF ON PUBLIC DEMAND : 12th WAF Awards Deadline Extended!  Apply … [Read more...]

By WAF Think Tank  Our Beloved Sunjay J Kapur, Chairman, Sona Comstar, passed away, few hours back, while doing what he truly loved- Playing Polo in the UK His passing brings sorrow not only to his loved ones but to the many lives he touched across industries and nations. Sunjay’s Legacy of Impact • A Global Visionary: He transformed an Indian auto-parts firm into a global leader in EV and … [Read more...]

Tata Motors, India’s largest commercial vehicle manufacturer, announces the launch of factory-fitted air conditioning systems across its entire truck range. This significant upgrade spans the SFC, LPT, Ultra, Signa, and Prima cabins, while also extending to cowl models for the first time. Tata Motors also introduces a series of value additions, including power output enhancements, reinforcing its … [Read more...]