The latest version of the iconic Golf GTI, makes its debut in India, the sportiest hot hatch delivering maximum thrill to Indian car enthusiasts Summary The Golf GTI delivers a whopping 265 PS power, 370 Nm torque, and an acceleration of 0 to 100 kmph in just 5.9 seconds The GTI designation stands for pure driving pleasure, dynamic performance and sportiness worldwide The Golf GTI will be offered … [Read more...]

TOKYO, (Reuters) – Toyota said on Thursday its worldwide output and sales rose for a fourth consecutive month in April on strong demand for hybrid vehicles and rush buying in the United States over U.S. President Donald Trump’s import tariffs. The world’s biggest automaker’s global sales for April increased 10% year-on-year to 876,864 vehicles, with U.S. sales climbing just as much, fuelled by … [Read more...]

SHANGHAI, (Reuters) – A large dealer of Chinese electric vehicle maker BYD’s, cars in the eastern province of Shandong has gone out of business with at least 20 of its stores found to be deserted or shut, government-owned media reported. The Jinan Times, which is owned by the government of the provincial capital of Jinan, reported on Wednesday that Qiancheng Holdings, which ran BYD stores, had … [Read more...]

Summary Chinese automaker BYD slashes prices on more than a dozen models One analyst says China’s auto industry headed for ‘a bloodbath’ Automakers pressuring parts suppliers to cut their prices too May 27 (Reuters) – An intensifying auto industry price war in China has stoked fears of a long-anticipated shake-out in the world’s largest car market. Shares of China’s largest automakers sank … [Read more...]

Summary Filosa previously led Jeep brand, South America region Will need to revive business, manage EV transition Some investors say outsider was needed Stellantis shares close down 2.2% MILAN, (Reuters) – Stellantis named its North American chief Antonio Filosa as CEO on Wednesday, as the world’s fourth-biggest automaker by sales seeks to turn around its performance, boost its flagging share … [Read more...]

(Reuters) – Ford Motor is recalling nearly 1.1 million vehicles in the United States because rearview cameras may not display images due to a software issue, increasing the risk of a crash. The recall covers some 2021 through 2024 model year Bronco, F-150, Edge, and 2023-2024 Escape, Corsair, F-250, F-350, F-450, F-550 and F-600 vehicles, the automaker said Wednesday in a filing with the National … [Read more...]

Summary Amazon and Stellantis’ SmartCockpit partnership is winding down, the companies say The project is the latest software effort to stall out at a Detroit automaker The companies planned to make the car an extension of home through technology DETROIT, (Reuters) – Amazon’s deal with Stellantis to create in-car software that the companies hoped would transform the driving experience while … [Read more...]

TOKYO, (Reuters) – Japan’s struggling Nissan is considering raising more than 1 trillion yen ($7 billion) from debt and asset sales which would include a syndicated loan guaranteed by the UK government, Bloomberg News said on Wednesday. The country’s third-biggest automaker plans to issue as much as 630 billion yen worth of convertible securities and bonds, including high-yielding U.S. dollar and … [Read more...]

Summary Toyota to transfer production of North America-bound GR Corolla from Japan To spend $56 million on dedicated line, dispatch engineers from Japan Move is aimed at using excess capacity in Britain TOKYO, (Reuters) – Toyota is moving some production of its GR Corolla sports car to Britain and will spend around $56 million on a dedicated line there to build exports for North America, … [Read more...]

BEIJING, (Reuters) – China’s Xiaomi on Tuesday reported record first-quarter revenue and profit, as the company said its ongoing shift towards higher-end products from smartphones to home appliances was already paying off. Revenue for the quarter ended March 31 was 111.3 billion yuan ($15.48 billion), up 47% year-on-year and beating the 107.6 billion yuan average of 17 analyst estimates compiled … [Read more...]

Summary European car sales down 0.3% year-on-year in April Battery-electric car sales jump 27.8% Tesla sales drop 49%, falling for fourth straight month (Reuters) – Tesla’s sales in Europe fell 49% in April from a year earlier, even though battery-electric car sales rose 27.8%, as the U.S. EV maker’s upgrade of its Model Y shows little sign of reviving the brand’s fortunes in the region. Overall … [Read more...]

SAO PAULO, (Reuters) – Brazilian labor prosecutors filed a lawsuit on Tuesday against Chinese carmaker BYD holding it responsible for human trafficking and “slavery-like conditions” for workers building a factory in its biggest market outside China. The lawsuit seeks 257 million reais ($45 million) in moral damages from BYD and two contractors, JinJiang and Tecmonta, according to the statement … [Read more...]

SAO PAULO, (Reuters) – Chinese automaker GAC announced on Friday its product launch in Brazil, saying it expects its line of hybrid and electric cars to garner market acceptance that would allow it to start building a factory in the country in late 2026. GAC’s move comes at a time of growing competition in the world’s sixth-largest automotive market, where sales of electric vehicles have been … [Read more...]

TOKYO, (Reuters) – Advisory firm Glass Lewis has recommended shareholders re-elect Toyota Motor Chairman Akio Toyoda at this year’s annual general meeting in June. Glass Lewis had recommended that shareholders vote against his re-election the past two years. Toyoda’s position at the automaker has come under scrutiny over governance concerns. Toyoda, the grandson of the company’s founder and … [Read more...]

(Reuters) – Tesla’s sales in Europe fell 49% in April from a year earlier, even as battery-electric sales rose by 27.8%, as the U.S. EV maker’s upgrade of its Model Y shows little sign of improving the brand’s tarnished image in the region. Overall car sales in the region remained roughly consistent with last year, falling just 0.3%, with the strongest sales growth coming from electric and plug-in … [Read more...]

Summary Layoffs represent some 15% of company’s total office staff Group announced plans last month to slash costs by $1.9 billion Volvo Cars more exposed than many European peers to U.S. tariffs STOCKHOLM, (Reuters) – Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade … [Read more...]

Summary BYD, Geely and Nio shares fall by up to 9.5% BYD move intensifies China’s auto price war Great Wall Motor CEO says industry is in an unhealthy state SHANGHAI, (Reuters) – Shares in Chinese automakers such as BYD, Nio and Geely tumbled on Monday after industry leader BYD offered fresh incentives on over 20 models and the CEO of Great Wall Motors warned that the world’s largest auto … [Read more...]

Source : PTI | Clean-tech company Himadri Speciality on Thursday said it will acquire a 16.24 per cent stake in International Battery Company to increase its presence in the mobility and energy storage sectors. Himadri has already made an investment of $4.43 million (approximately ₹37.47 crore) in the US-based technology developer and manufacturer of lithium-ion (Li-ion) cells, the company said … [Read more...]

Source : PTI | The new Electric Vehicle (EV) policy of the Maharashtra government seeks to achieve 30 per cent EV penetration in the state by 2030, officials said on Saturday. Among other things, the policy lays down that new residential buildings must provide EV charging facilities, and also offers incentives such as toll waiver for these eco-friendly vehicles. The transport department on Friday … [Read more...]

Source : PTI | Telangana CM Revanth Reddy who met Union Minister for Heavy Industries and Steel H D Kumaraswamy in the national capital on Saturday expressed heartfelt gratitude to the Centre for sanctioning 2,000 electric buses to Hyderabad under the PM e-DRIVE scheme. Reddy urged Kumaraswamy to allocate 800 more Electric Buses (EVs) to Hyderabad. According to a press release issued by the Union … [Read more...]