Summary Shri Nitin Gadkari, Hon’ble Minister of Road Transport and Highways presented the Bharat NCAP certificate to Maruti Suzuki Maruti Suzuki will be having all models across all variants with 6 airbags as standard within this year All variants of MSIL models are already equipped with Electronic Stability Program+ (ESP®) – the widest portfolio* in the industry and well ahead of regulatory … [Read more...]

TURIN, Italy, (Reuters) – Stellantis is currently unaffected by supply bottlenecks for rare earths from China, but the automaker had past difficulties in managing the situation, the head of its European operations said on Thursday. China, which controls over 90% of global processing capacity for rare earths used in everything from automobiles and fighter jets to home appliances, imposed … [Read more...]

Summary First year in three Toyota chair not opposed by proxy advisers Firm seeks $33 billion Toyota Industries buyout to improve ties Deal would strengthen family control at expense of minority holders, critics say TOYOTA CITY, Japan, (Reuters) – Toyota Motor shareholders re-elected Akio Toyoda as chairman on Thursday, highlighting support among mom-and-pop investors even as the Japanese … [Read more...]

Source : PTI | India’s ethanol production capacity has jumped more than four times in the last 11 years of the Modi government to 1,810 crore litres annually with the help of favourable policy initiatives, according to a senior official. With an enhanced installed production capacity, the blending of ethanol with petrol has surged to nearly 19 per cent from 1.53 per cent in 2013, leading to huge … [Read more...]

WASHINGTON, (Reuters) – An influential consumer organization on Wednesday urged Republican lawmakers to drop a plan to impose a proposed $250 annual fee on electric cars to pay for road repairs. Consumer Reports, which also tests and rates new vehicles, noted that Republican Senator Bernie Moreno has called for boosting the proposed yearly fee to $500 for EVs and $250 for plug-in hybrids versus … [Read more...]

Summary Marelli says 80% of lenders signed deal supporting its restructuring Says 100% of its secured debt would be eliminated Nissan says it is committed to supporting Marelli TOKYO, (Reuters) – Nissan supplier Marelli Corp filed for Chapter 11 bankruptcy protection in the United States on Wednesday, the Japanese auto parts company said in a statement, after months of uncertainty about its … [Read more...]

Summary Polestar launching in French market after expansion delays Orders open on Wednesday with first deliveries due in October Aims for France to become one of top European markets, UK currently largest PARIS, (Reuters) – Swedish premium carmaker Polestar will start delivering its electric vehicles in France this year with the goal of making it one of its three main European markets, its top … [Read more...]

Summary Musk says he regrets some of his posts, does not say which Comments follow bitter public dispute Trump on Monday said he wished Musk well Tesla shares down 19% this year (Reuters) – Billionaire businessman Elon Musk backed off digs he took at President Donald Trump after extensive outreach from administration officials, including Vice President JD Vance, with Musk saying on Wednesday he … [Read more...]

Summary BYD, Chery, Geely and Xiaomi among automakers to make pledges Pledges follow steel association outcry, regulatory pressure China suppliers hurting from brutal price war that has cut profits SHANGHAI, (Reuters) – Major Chinese car manufacturers have pledged to make payments to suppliers within 60 days, responding to a recent outcry from steelmakers over long payment times as well as … [Read more...]

Summary Maruti to cut production in first half of FY25-26 by two-thirds Aims to make up lost ground later to meet full-year target China’s curbs on rare earth exports have hit global car industry Indian auto companies yet to see magnet supplies resume NEW DELHI, (Reuters) – Maruti Suzuki has cut near-term production targets for its maiden electric vehicle e-Vitara by two-thirds because of rare … [Read more...]

Summary Automaker told investors it expects no near-term rare earths-related disruptions-source Hyundai managed to boost rare earths inventory recently when China export curbs relaxed slightly-source Automaker also holds about a one-year inventory of rare earths-related magnets-source SEOUL, (Reuters) – Hyundai Motor has a rare earths stockpile that can last about a year and it does not expect … [Read more...]

Summary China’s ruling Communist Party mouthpiece condemns “zero-mileage used cars” Resale of brand new cars as second-hand cars a growing problem in China’s car industry People’s Daily newspaper says practice used by Chinese car makers to inflate sales data State-run newspaper urges stricter car tracking and other “tough regulatory action” BEIJING, (Reuters) – The Chinese practice of selling … [Read more...]

TOKYO, (Reuters) – Some investors in Toyota Industries voiced disapproval of a $33 billion buyout offer on Tuesday, adding to criticism that the bid from Japanese parent Toyota Motor was unfair to minority shareholders. The 4.7 trillion yen ($33 billion) offer to take the forklift maker private has already come under fire from international shareholders including London-based Zennor Asset … [Read more...]

Volkswagen Virtus is India’s No. 1 Premium Sedan and has been the highest selling in 2024 and 2025 Reigniting the love for sedans, Virtus has attained a commanding 32% segment share (YTD’25) in the premium sedan segment The Virtus has pioneered 5-Star safety for customers in the segment Mumbai: Volkswagen Virtus has crossed an impressive milestone of three glorious years … [Read more...]

BEIJING, (Reuters) – China’s car sales rose for a fourth consecutive month in May, but slower increases across major automakers highlighted concerns over aggressive price competition in the world’s largest auto market. Sales grew 13.9% from a year earlier to 1.96 million vehicles last month, slowing from 14.8% growth in April, China Passenger Car Association (CPCA) data showed on Monday. The … [Read more...]

BEIJING/SHANGHAI, (Reuters) – Fierce competition among China’s leading EV makers has intensified, with a long-running dispute between BYD and Great Wall Motor over emissions compliance escalating after Geely joined in to criticise BYD’s aggressive price cuts. The row dates back to 2023, when Great Wall Motor reported BYD to Chinese regulators, alleging that its two best-selling hybrid models … [Read more...]

Summary Global automakers worry China’s rare-earths curb is next global supply crisis Auto industry efforts to find alternative magnet supplies have floundered Bottleneck has auto companies stockpiling, considering workarounds BERLIN/LONDON/DETROIT, (Reuters) – Frank Eckard, CEO of a German magnet maker, has been fielding a flood of calls in recent weeks. Exasperated automakers and parts … [Read more...]

Summary VinFast Q1 net loss $712 million vs forecast $616 million VinFast has received around $2 billion from founder, parent firm Revenue jumped 150% to $656.5 million in Q1 VinFast to offer e-buses in Asia and Europe (Reuters) – Vietnamese electric vehicle maker VinFast reported on Monday its sixth consecutive quarterly net loss as it continues to ramp up spending to boost sales … [Read more...]

MEXICO CITY, (Reuters) – Tire maker Michelin will close a plant in the state of Queretaro in central Mexico by the end of this year, the company announced on Monday. The decision was a “last resort,” prompted by changes in the passenger car and light truck tire market, the company said, adding that it affects 480 employees will be affected. “The Queretaro plant will be closed because it has become … [Read more...]

SHANGHAI, June 7 (Reuters) – Geely’s chairman and founder Li Shufu said on Saturday that the global automotive industry was facing “serious overcapacity” and that the Chinese automaker had decided not to build new manufacturing plants or expand production in existing facilities. Li made the comments at an auto forum in the central city of Chongqing, according to the company. Geely Holding owns … [Read more...]