(Reuters) – Tesla shares jumped 6% in early trading on Monday after CEO Elon Musk disclosed his purchase of about $1 billion worth of the electric vehicle-maker’s stock, in the latest vote of confidence from the billionaire in the company’s future. The stock purchase – Musk’s first open-market buy since early 2020 – comes at a critical time for Tesla, as it races to hit its ambitious goals of … [Read more...]

New Delhi, India | The 12th World Auto Forum (WAF) Awards Ceremony concluded in New Delhi with a spectacular celebration of excellence, innovation, and leadership in the automotive and mobility industries. The event brought together global industry veterans, disruptors, and thought leaders, reaffirming WAF’s reputation as the most rigorous and transparent awards platform in the world of … [Read more...]

Source : PTI | With the GST rate cuts expected to bring domestic sales back on a growth path, Hyundai Motor India Ltd is looking to ride on a ‘double engine’ drive of accelerated sales in the home market and continued momentum in exports, according to a top company official. In the last six to eight months, when the domestic market was slightly sluggish, the company had pressed the accelerator on … [Read more...]

BERLIN, (Reuters) – U.S. electric carmaker Tesla plans to raise production at its German plant for the rest of the year due to strong sales, the head of the Gruenheide factory told Germany’s DPA news agency on Sunday. “We currently have very good sales figures and have therefore revised our production plans for the third and fourth quarters upwards,” André Thierig, manager of the Gruenheide plant … [Read more...]

Summary South Korea-U.S. trade talks face delays over investment fund terms Yeo Han-koo heads to U.S. for follow-up tariff negotiations U.S. immigration raid strains South Korea-U.S. relations SEOUL, (Reuters) – South Korea’s top trade envoy, Yeo Han-koo, is heading to the United States on Monday for follow-up tariff negotiations, the trade ministry said, as the countries struggle to overcome … [Read more...]

SHANGHAI, (Reuters) – China is targeting 32.3 million in vehicle sales in 2025, the country’s industry ministry said, below the 32.9 million units projected for the year by the China Association of Automobile Manufacturers (CAAM). The target was part of a plan to support stable growth in the auto sector that China’s Ministry of Industry and Information Technology, along with seven other government … [Read more...]

New Delhi, Delhi, India | The inaugural Yellow Plate Dialogues (YPD), organized by World Auto Forum (WAF), brought together top fleet operators, policymakers, insurers, e-commerce leaders, IT corporates, auto OEMs, and dealer groups to shape the future of shared mobility in India. Under the central theme, “Let’s Co-Create the Shared Vision for Shared Mobility,” the event became a melting pot of … [Read more...]

Summary Jean-Philippe Parain to head MINI Stefan Richmann becomes new Head of Treasury Ritu Chandy to lead Sales Region Asia-Pacific, Eastern Europe, Middle East and Africa Munich. The BMW Group today announced senior management changes in its Sales and Finance Divisions: Jean-Philippe Parain, who currently serves as Head of the Sales Region Asia-Pacific, Eastern Europe, Middle East and Africa … [Read more...]

Source : PTI | The government is preparing fiscal incentives to encourage domestic production of rare earth magnets in the face of recent disruptions caused in their supply, currently dominated by China, Union Minister H D Kumaraswamy said on Friday. The minister for Heavy Industries and Steel also said a scheme is in the works to provide “targeted support” to the industry for its capital as well … [Read more...]

(Reuters) – Transit technology maker Via Transportation was valued at $3.5 billion on Friday after its shares fell 4.4% in their NYSE debut. The stock opened at $44, below the $46 offer price. Via and selling shareholders raised $493 million by selling 10.7 million shares, priced above the marketed range of $40 to $44. The U.S. IPO market has revived as easing trade tensions and rising … [Read more...]

(Reuters) – Amazon.com has been testing General Motors’ BrightDrop electric vans as part of its plan to bring 100,000 electric delivery vehicles on the road by the end of the decade, the e-commerce giant said on Friday. A little more than a dozen vans are being tested, placing them among a fleet that includes electric vehicles built by Rivian, the company said. GM had sold 12 2024 model BrightDrop … [Read more...]

Summary Raid saw the detention of 475 workers, mostly South Koreans Hyundai to source batteries from other plants during delay Other LG plant workers asked to return home after raid DETROIT, (Reuters) – A battery plant co-owned by Hyundai Motor is facing a minimum startup delay of two to three months following an immigration raid last week, Hyundai CEO Jose Munoz said on Thursday. The Georgia … [Read more...]

DETROIT, (Reuters) – Stellantis is axing its Ram 1500 electric pickup, citing slow demand for full-size EV trucks, the company said Friday. “As demand for full-size battery electric trucks slows in North America, Stellantis is reassessing its product strategy and will discontinue development of a full-size BEV pickup,” a company spokesperson said. Automakers across the United States have downsized … [Read more...]

Summary Government in talks with ambassadors, president says Mexico proposed 50% tariff on Chinese cars Analysts point to pressure from US China is Mexico’s top supplier of light vehicles MEXICO CITY, (Reuters) – Mexican President Claudia Sheinbaum on Thursday said her government was not looking for a conflict with countries on which it plans to increase tariffs, including China. “We don’t want … [Read more...]

Summary People with guide dogs, wheelchairs allegedly denied rides U.S. says Uber violated Americans with Disabilities Act Uber denies wrongdoing, says riders deserve respect (Reuters) – The U.S. government on Thursday sued Uber Technologies, accusing the ride-sharing company of violating federal law by discriminating against passengers with disabilities. In a complaint filed in San Francisco … [Read more...]

(Reuters) – Global sales of fully electric and plug-in hybrid vehicles grew 15% in August from a year ago, marking the slowest rate since January and reflecting tougher comparatives, market research firm Rho Motion said on Friday. China’s EV sales growth, which averaged 36% a month in the first half, cooled to 6% in August. However, China sales are still expected to be strong in the fourth quarter … [Read more...]

Source : PTI | Prime Minister Narendra Modi on Thursday stressed on the need of the government and the automobile industry to work together to achieve “true self-reliance” across the entire manufacturing value chain as India moves towards the vision of ‘Viksit Bharat’. In his written address to the annual convention of Society of Indian Automobile Manufacturers (SIAM), Modi said as India advances … [Read more...]

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Summary Volkswagen India will pass on complete GST rate reduction benefits with revised prices effective September 22, 2025 GST rate reduction benefits will be applicable on Virtus, Taigun and Tiguan R-Line Mumbai: Volkswagen India today announced the extension of complete GST rate reduction benefit to its customers across its entire model range. The new pricing will be effective from September … [Read more...]

(Reuters) – British sportscar maker Aston Martin will adopt Cyber Tyre technology from Italy’s Pirelli for future vehicles, the two companies said in a joint statement on Thursday. The Italian firm’s technology – which allows for the collection of data from sensors placed in its tyres – will be integrated into future Aston Martin models to interact with the vehicle’s driving and electronic control … [Read more...]