WASHINGTON, (Reuters) – Republicans in the U.S. House of Representatives on Monday proposed killing the electric vehicle tax credit and repealing fuel efficiency rules designed to prod automakers into building more zero-emission vehicles as part of a broad-based tax reform bill. The proposal, which is set for a House Ways and Means Committee hearing on Tuesday, would repeal a $7,500 new-vehicle … [Read more...]

RIO DE JANEIRO, (Reuters) – Chinese electric car maker BYD’s new factory in Brazil will be “fully functional” by December 2026, after its operations were delayed because of an investigation into labor abuses, Bahia state labor secretary Augusto Vasconcelos said in a video on Monday. By the end of this year, the factory should start producing cars from semi-finished kits, he added. “A new schedule … [Read more...]

Summary US new-vehicle prices rose 2.5% in April, Cox Automotive reports Tariffs on imports from Mexico and Canada impact automaker costs Consumer demand rises as buyers anticipate tariff-related price hikes DETROIT, (Reuters) – U.S. new-vehicle prices surged in April, data released on Monday showed, a sign that the effects of President Donald Trump’s auto-tariff measures are rippling through … [Read more...]

Source : PTI | New Delhi, Anil-Agarwal-led Vedanta has said it is exploring critical mineral assets in states like Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka and Chhattisgarh. Critical minerals are essential for many rapidly growing energy-efficient technologies ranging from wind turbines and electricity networks to electric vehicles. Demand for these materials is growing quickly … [Read more...]

Source : PTI | Kia India expects 20-25 per cent volume gain in the Carens portfolio this year with the introduction of a premium version of the popular multi-purpose vehicle, according to a senior company executive. The South Korean automaker unveiled the Carens Clavis globally on Thursday. The model, which comes with premium features and three-row seat configuration, is also expected to make its … [Read more...]

Source : PTI | Mahindra & Mahindra (M&M) has sought approval from the Competition Commission of India to acquire majority stake in commercial vehicle maker SML Isuzu. The company had earlier announced that it would acquire 58.96 per cent stake in SML Isuzu for Rs 555 crore. “The proposed combination relates to acquisition of shareholding by the acquirer (M&M) in the target (SML Isuzu … [Read more...]

(Reuters) – Engine Capital said on Friday it would end its activist campaign at Lyft and withdraw its board nominees after the ride-hailing platform raised its stock buyback program to the level proposed by the investor. It is one of the rare instances of an activist campaign ending within weeks when proxy battles typically run for months. Lyft’s shares rose about 17% in early trading after the … [Read more...]

(Reuters) – Railroad operator CSX said on Friday it has signed a tentative agreement for a new five-year contract with the Brotherhood of Locomotive Engineers and Trainmen (BLET). The agreement, which still needs to be ratified by the members of the union, covers approximately 3,400 locomotive engineers represented by BLET, the railroad said. CSX added that the agreement mirrors the general wage … [Read more...]

SHENZHEN, China, (Reuters) – China’s car sales in April rose for a third month, up 14.8% from a year earlier, as government-subsidised auto trade-ins mitigated the impact of U.S. tariffs on consumer sentiment. Passenger vehicle sales totalled 1.78 million units last month and for the first four months of 2025 were up 8.2% from the same period a year earlier at 6.97 million units, data from the … [Read more...]

WASHINGTON/DETROIT, (Reuters) – A group representing General Motors, Ford and Stellantis blasted President Donald Trump’s trade deal announced with the United Kingdom, saying it would harm the U.S. auto sector. British carmakers will be given a quota of 100,000 cars a year that can be sent to the United States at a 10% tariff rate, almost the total Britain exported last year, compared to 25% for … [Read more...]

TOKYO, (Reuters) – Nissan Motor said on Friday it would abandon a plan to build a $1.1 billion factory for electric vehicle batteries on Japan’s southwestern island of Kyushu, marking the latest change of plans for the troubled automaker. Japan’s third-biggest automaker had announced in January the plan for a lithium iron phosphate (LFP) battery plant in the city of Kitakyushu that was set to … [Read more...]

Summary Buyback boost follows Engine Capital’s push for strategic options Lyft’s Q1 adjusted profit beats estimates Company targets smaller, car-dependent cities for growth (Reuters) – Lyft increased its stock buyback program to $750 million and beat first-quarter profit estimates on Thursday, signaling steady demand for its ride-hailing services, sending its shares up nearly 8% in extended … [Read more...]

Source : PTI | Mumbai/ New Delhi, (PTI) Mahindra & Mahindra Ltd, which on Monday reported a 13.34 per cent rise in consolidated profit after tax for the March quarter, announced plans to set up a new manufacturing facility primarily for passenger vehicles, which is expected to be operational by March 2028. The company reported a 13.34 per cent rise in consolidated profit after tax to Rs … [Read more...]

Summary Ford’s price hikes reflect mid-year actions and tariffs Trump’s tariffs cause uncertainty, softened for U.S. auto parts Ford’s strong U.S. base helps weather tariffs, imports face hikes DETROIT, (Reuters) – Ford Motor has hiked prices on three of its Mexico-produced models effective May 2, becoming one of the first major automakers to adjust sticker prices following U.S. President Donald … [Read more...]

Summary Currency impact and tariffs weigh heavily on Toyota’s profit forecast Toyota faces risks from U.S. tariffs affecting exports and consumer sentiment Japan remains profitable for Toyota despite losses in North America TOKYO, (Reuters) – Toyota Motor expects profit to decline by a fifth in the current financial year, it said on Thursday, as weakness in the U.S. dollar and the impact of … [Read more...]

JSW MG Motor India today launched the MG Windsor PRO, an upgraded version of its popular electric vehicle that aims to redefine business-class mobility with enhanced tech, safety, and convenience. The new Windsor PRO comes equipped with a 52.9 kWh battery, offering a certified range of 449 km (MIDC), and delivers 136 PS power with 200 Nm torque. Alongside three new colours—Celadon Blue, Aurora … [Read more...]

Source : PTI | India will have 123 million electric vehicles on road by 2032 under the best case scenario, said a report by India Energy Storage Alliance and Customised Energy Solutions released on Tuesday. In a significant move towards sustainable development and to achieve net zero emissions by 2070, there is a need to adopt electric vehicles (EVs). This can bolster India’s economy while … [Read more...]

Summary US tariff impact on Toyota’s FY2025 profit forecast in focus FY2025 operating profit may face 800 billion yen tariff hit, says analyst FY2024 Q4 operating profit expected to show first y/y rise in three quarters TOKYO, (Reuters) – Robust demand for hybrids is expected to underpin steady profits at Toyota when the world’s top automaker reports annual earnings on Thursday, although … [Read more...]

Summary Volvo Cars to cut about 125 jobs at Charleston factory Move not linked to upcoming cost-cutting plan Carmaker still plans to create 4,000 jobs in total in South Carolina over longer term STOCKHOLM, (Reuters) – Volvo Cars said on Wednesday it would make production changes and cut 5% of the workforce at its Charleston plant in the United States due to changing market conditions and … [Read more...]

Summary Ford’s price hikes reflect mid-year actions and tariffs Trump’s tariffs cause uncertainty, softened for U.S. auto parts Ford’s strong U.S. base helps weather tariffs, imports face hikes DETROIT, (Reuters) – Ford Motor has hiked prices on three of its Mexico-produced models effective May 2, becoming one of the first major automakers to adjust sticker prices following U.S. President Donald … [Read more...]