Source:PTI | China, which holds the global monopoly over the precious rare earth metals needed for manufacturing of phones, automobiles and missiles, continues to play hardball over lifting export restrictions of the precious metals warding off pressures from a host of countries, including, the US, EU and India. “China’s export control measures are consistent with universal practices,” Chinese … [Read more...]

Source : PTI | In a first-of-its-kind action, the Uttar Pradesh Transport Department has suspended the trade licenses of 25 automobile dealers across the state for a month, citing continued failure to comply with vehicle registration procedures. A senior transport department official on Friday confirmed that this is the first time such disciplinary action has been taken against dealers for … [Read more...]

MILAN, June 6 (Reuters) – Stellantis’ (STLAM.MI) new CEO Antonio Filosa will earn at least $4 million annually in his first two years at the helm, rising to up to $23 million a year from 2028, including bonuses, a document showed, although his remuneration will be lower than predecessor Carlos Tavares. Filosa officially becomes CEO of the owner of brands such as Chrysler, Peugeot … [Read more...]

BERLIN, June 6 (Reuters) – Porsche (P911_p.DE) has no plans to shift any part of its production process to the U.S., a spokesperson said on Friday, dismissing a Bloomberg report saying the company was considering such a move to mitigate the effects of tariffs. The luxury carmaker, like Volkswagen’s Audi (VOWG.DE), does not produce vehicles in the U.S., leaving it heavily exposed to … [Read more...]

Summary Japan faces tariffs on autos, steel, aluminum, impacting economy G7 summit may influence Japan-U.S. tariff negotiations Japan proposes auto tariff reduction mechanism based on industry contribution TOKYO, June 7 (Reuters) – Japan had made some progress in a fifth round of trade talks with U.S. officials aimed at ending tariffs that are hurting Japan’s economy, Tokyo’s chief tariff … [Read more...]

June 6 (Reuters) – Tesla is trying to prevent the city of Austin, Texas, from releasing public records to Reuters involving the EV maker’s planned launch of self-driving robotaxis in the city this month. The news agency in February requested communications between Tesla and Austin officials over the previous two years. The request followed CEO Elon Musk’s announcement in January that … [Read more...]

Summary Tesla lost $152 billion in market cap due to Musk-Trump spat Trump not interested in talks with Musk, White House official says Broader market hit by feud June 6 (Reuters) – Tesla shares recouped some losses that had been triggered by a spat between CEO Elon Musk and U.S. President Donald Trump, even though a truce appeared uncertain on Friday as a White House official said … [Read more...]

Summary Tesla shares sink 14% in heavy volume Political tensions have hurt Tesla sales in key markets Trump’s ‘big beautiful bill’ would cut EV subsidy Musk’s political stance affects Tesla’s market perception (Reuters) – Tesla shares went into free-fall on Thursday as President Donald Trump publicly feuded with the electric vehicle maker’s billionaire CEO Elon Musk, his self-proclaimed “First … [Read more...]

New Delhi, June 5, 2025: The Society of Indian Automobile Manufacturers (SIAM) organized its 5th International Conference, themed “Revolutionizing Mobility: Driving the Automotive Industry Towards a Clean and Circular Future,” on the occasion of World Environment Day 2025. The conference was graced by dignitaries from the Government of India, industry leaders, think tanks, and engineering … [Read more...]

MODENA, Italy, (Reuters) – Maserati plans to present a new business plan shortly, soon after parent company Stellantis’ new CEO Antonio Filosa officially starts in his job later this month, the head of the struggling luxury carmaker said on Thursday. The loss-making Italian brand, the only one in the luxury segment for the world’s fourth largest automaker, has no new model launches scheduled at … [Read more...]

TOKYO, (Reuters) – Suzuki Motor’s suspension of production of its flagship Swift subcompact is due to China’s rare earth restrictions, two people familiar with the matter said, becoming the first Japanese automaker to be affected by the export curbs. The small car maker halted production of the Swift, excluding the Swift Sport version, from May 26 citing a shortage of components. Plans to resume … [Read more...]

Summary China introduced new rare earth export controls in April Export permits must be approved by bureau in Commerce Ministry Staff levels were only recently boosted to 60, sources say Slow pace of approvals hitting the auto industry worldwide BEIJING, June 5 (Reuters) – In a hulking grey building just east of Tiananmen square in Beijing, a small team in China’s Ministry of Commerce is … [Read more...]

Source : Mobility Outlook Bureau | TVS Motor Company announced today that its Board of Directors has unanimously approved the appointment of Sudarshan Venu as the incoming Chairman and Managing Director of the company, effective August 25, 2025. The move recognises his significant contributions to the company’s sustained growth and strategic evolution during his tenure as Director and Managing … [Read more...]

Summary 5.18 lakh vehicles dispatched through railways are about one-fourth of the Company’s total dispatches in FY 2024-25 Avoided over 1.8 lakh tonne* of CO2e (carbon dioxide equivalent) emission and saved more than 630 lakh (63 million) litre of fuel Around 24 lakh (2.4 million) vehicles dispatched cumulatively through railways, since FY 2014-15 New Delhi: Strengthening its commitment to … [Read more...]

Source : Mobility Outlook Bureau | On the occasion of World Environment Day, Prime Minister Narendra Modi underscored his vision of a Green Viksit Bharat with the dual launch of two impactful sustainability initiatives—flagging off 200 electric buses by PMI Electro Mobility in Delhi and planting a Banyan sapling under the Ek Ped Maa Ke Naam campaign at Bhagwan Mahavir Vanasthali Park. These … [Read more...]

Summary Toyota Industries shares fall 12% Toyota Motor’s $33 billion offer is below market expectations Market participants say offer undervalues Toyota Industries’ real estate TOKYO, (Reuters) – Investors gave a thumbs-down to Toyota Motor’s $33 billion take-private offer for Toyota Industries on Wednesday, highlighting concerns minority shareholders would be short-changed in a landmark … [Read more...]

ROME, (Reuters) – More than 500 jobs are at risk in Italy after automaker Stellantis changed oil supplier from a local brand owned by Malaysia’s Petronas to France’s Total, a trade union said on Wednesday. Stellantis was not immediately available for comment. Petronas owns the Selenia brand of motor oils, an Italian supplier which was previously part of the Fiat group and marketed products … [Read more...]

(Reuters) – Tesla’s sales dropped for the fifth straight month in Britain, Germany and Italy in May, underscoring the challenges the electric vehicle-maker faces over CEO Elon Musk’s politics and its model line-up. Demand for the company’s new version of the Model Y – Europe’s best-selling car as recently as 2023 – will boost sales in June when UK deliveries start, a British company spokesperson … [Read more...]

Source : PTI | Delhi Transport MinisterPankaj Kumar Singh on Tuesday said the government plans to roll out the Electric Vehicle Policy 2.0 by next month. He was speaking at the Urban Adda 2025, a three-day national urban dialogue hosted by Raahgiri Foundation in collaboration with the International Council on Clean Transportation (ICCT) and GuruJal, supported by Nagarro. The Delhi government … [Read more...]

Source : PTI | The country’s first solar-powered electric vehicle (EV) charging station integrated with second-life battery storage was launched at the BESCOM EV Hub Charging Station here on Tuesday. The pilot project, Renewable Energy to Electric Vehicle (RE2EV), which marks a major milestone in clean energy and green transport infrastructure, was inaugurated by Karnataka’s Energy Minister K J … [Read more...]