Summary Expects some tariffs to fall from H2 In talks with various U.S. policymakers, CEO says Q1 auto EBIT margin at 6.9% vs 6.3% in LSEG poll BMW shares up 1.3% Warns of ‘notable’ tariff impact in Q2 FRANKFURT/LONDON, (Reuters) – BMW expects U.S. car tariffs to decline from July, based on its contacts with U.S. officials, a more upbeat assessment of the trade situation than many rivals and … [Read more...]

(Reuters) – Italian luxury sports carmaker Lamborghini reported on Tuesday a 29.6% jump in revenue to 895.2 million euros, driven by strong global demand for its new hybrid models, the Revuelto and Urus SE, despite the complex global scenario. Lamborghini, part of Germany’s Volkswagen group, also made an operating profit (EBIT) of 248.1 million euros, up 32.8% from the same period in 2024. The … [Read more...]

Summary Tesla’s April car sales drop 62% in Britain, 46% in Germany EV market share for Tesla in Britain falls to 9.3% Revamped Model Y deliveries expected to start in June (Reuters) – Tesla’s new car sales in Britain and Germany plummeted to their lowest in over two years in April, falling 62% and 46% year-on-year respectively, even as demand for electric vehicles rose in both countries, … [Read more...]

(Reuters) – Uber said on Tuesday it was partnering with Pony AI (PONY.O) to deploy the China-based robotaxi developer’s vehicles onto its ride-hailing platform, marking the latest in a series of tie-ups aimed at strengthening its presence in the fledgling robotaxi sector. The partnership will launch in a key market in the Middle East later this year and will roll out to more international markets … [Read more...]

Summary Deliveries of Ferrari’s first EV to start in October 2026 Sees 2025 core earnings of at least 2.68 bln euros U.S. tariffs could hit 2025 margins by 50 basis points First-quarter core earnings rose 15% to 693 million euros MILAN, (Reuters) – Ferrari first fully electric model will hit the streets in October 2026, its CEO said on Tuesday as the luxury sports car maker posted a 15% rise in … [Read more...]

WASHINGTON, (Reuters) – Amazon.com’s self-driving unit Zoox agreed to recall 270 driverless vehicles after an unoccupied robotaxi was involved in an April 8 crash with a passenger car in Las Vegas. Zoox said on Tuesday there were no injuries in the crash. The Zoox Automated Driving Systems in certain driving scenarios “may make an inaccurate prediction when another vehicle slowly approaches … [Read more...]

(Reuters) – Rivian said on Monday it would invest $120 million to build a supplier park near its plant in Illinois, as the electric vehicle-maker gears up to produce its smaller, more affordable R2 SUVs next year. The supplier park near Rivian’s facility at Normal, Illinois will reduce shipping, logistics and warehousing costs, while adding hundreds of jobs in the next two years, including about … [Read more...]

PARIS, (Reuters) – Stellantis Chairman John Elkann and Renault CEO Luca de Meo urged the European Union to adopt more favourable rules for small cars, warning that the declining profitability of small cars could force plant closures without changes. In a joint interview in French newspaper Le Figaro, Elkann and de Meo added that France, Italy and Spain should lead the effort as the demand for … [Read more...]

Summary Quarterly earnings fall to 14 cents/share but beat estimates Tariffs seen adding $2.5 bln in gross costs this year Ford shares drop 2.3% after hours DETROIT, (Reuters) – Ford Motor suspended its annual guidance on Monday because of uncertainty around U.S. President Donald Trump’s tariffs, saying the levies would cost the company about $1.5 billion in adjusted earnings before interest and … [Read more...]

Mr. Ashish Gupta Appointed as a Brand Director, Škoda India Mr. Nitin Kohli to Head Volkswagen India Leadership transition reflects the Group’s commitment to empowering homegrown talent to lead global brands in India. Škoda Auto Volkswagen India Private Limited (SAVWIPL) today announced a key leadership transition with the appointment of Mr. Ashish Gupta as Brand Director of Škoda India, … [Read more...]

Summary Novo Energy cuts a further 150 jobs Northvolt bankruptcy impacts Novo Energy’s operations Volvo Cars aims to continue battery production in Gothenburg STOCKHOLM, (Reuters) – Volvo Cars’ battery company Novo Energy said on Monday it will cut its workforce by 50% to reduce costs after evaluating its business to take account of the bankruptcy of Sweden’s Northvolt, which originally co-owned … [Read more...]

(Reuters) – Cummins withdrew its annual forecast on Monday, joining other vehicle manufacturers that are reassessing expectations as the industry grapples with the mounting uncertainty generated by U.S. President Donald Trump’s sweeping import tariffs. The U.S. truck-engine maker had previously projected 2025 revenue growth ranging from a 2% decrease to a 3% increase, with core profit expected to … [Read more...]

(Reuters) – Onsemi forecast second-quarter revenue above Wall Street expectations on Monday, as demand for its chips used in electric vehicles remains resilient despite economic uncertainty brought on by U.S. President Donald Trump’s tariffs on auto imports. Orders for Onsemi’s silicon carbide chips have been helped in the first quarter by growth in EV sales in China and Europe, even as a 25% U.S. … [Read more...]

(Reuters) – General Motors on Monday named insider Duncan Aldred the president of its North America business, effective immediately, days after the automotive manufacturer cut its 2025 profit forecast on concerns over U.S. tariffs. Aldred, who has been with GM for 33 years, was most recently vice president of the company’s commercial growth strategies and operations segment. He will report to Rory … [Read more...]

By WAF Think Tank WAF mourns the passing of Amit Pradhan , a seasoned auto professional who in the last 25 years+ worked across many auto companies like General Motors , Ola Electric , Bounce , EVamp Technologies amongst many more! Amit had always been one of the most passionate, energetic and joyful person in the room. With a twinkle in the eye, his signature smile, gentle demeanour, and of … [Read more...]

CarPhD.com is a new and growing automotive platform in India that aims to help consumers make smarter car-buying decisions by offering transparent, data-driven insights into cars—especially focusing on real customer ratings and vehicle report cards. Key Highlights of CarPhD.com 1. “Gaadi Ka Asli Report Card” This is the platform’s signature feature. CarPhD aggregates and publishes detailed report … [Read more...]

Source : PTI | New Delhi: Chartered accountants’ apex body ICAI is likely to complete the review of the financial statements of crisis-hit Gensol Engineering Ltd and BluSmart Mobility in six months, according to officials. ICAI’s Financial Reporting Review Board (FRRB) is reviewing the financial statements of the two companies for the financial year 2023-24. Institute of Chartered Accountants of … [Read more...]

Source : PTI | Even before US president Donald Trump announced a 25per cent tariff on all imported cars, European automakers had been facing a multitude of challenges. Sales have slumped and manufacturers face rising costs, while Chinese rivals have rapidly been gaining market share. The day before the tariffs announcement, the combined market capitalisation of Europe’s five major automakers … [Read more...]

Summary US, Japan had ‘frank and constructive’ talks, Treasury says US negotiators were reluctant to lower levies, Nikkei reports Next meeting expected in mid-May WASHINGTON/TOKYO (Reuters) – Top U.S. and Japanese officials agreed to start immediate working-level consultations after “frank and constructive” trade talks in Washington on Thursday, the U.S. Treasury Department said on Friday, but … [Read more...]

(Reuters) – Jaguar Land Rover has restarted shipments of vehicles to the United States after pausing them in the face of U.S. President Donald Trump’s tariffs, London’s Times newspaper reported on Saturday. The first shipments of JLR vehicles bound for the U.S. for almost a month left Britain on Wednesday, the report said. A JLR spokesperson said in an emailed statement that the U.S. is a key … [Read more...]