Summary Mexico to raise China auto tariffs to maximum level New tariffs affect $52 billion in imports from countries without trade deals Minister says measure will protect local jobs Move seen as response to U.S. pressure MEXICO CITY, (Reuters) – Mexico said on Wednesday it will raise tariffs on automobiles from China and other Asian countries to 50%, in a broad overhaul of import levies the … [Read more...]

New Delhi, 11 September 2025: The Special Plenary Session 2 at the 65th Annual Convention of the Society of Indian Automobile Manufacturers (SIAM) on “Embracing the Future: Strategic Development and Market Integration of Software Defined Vehicles (SDVs) in India” highlighted the role of software-driven vehicles in advancing sustainable mobility. The opening remarks for the session was delivered by … [Read more...]

Source : PTI | A staggering 85 per cent of Mumbai’s autorickshaw and taxi drivers are aware of electric vehicles (EVs), but most of them are unable to switch due to poor charging infrastructure, high costs, and limited financing options, as per a new perception study. Maharashtra Transport Minister Pratap Sarnaik on Tuesday released the report of “Wheels of Change: Understanding EV Adoption for … [Read more...]

Source : PTI | The government’s aim is to make India’s automobile industry number one in the world within five years, Union Minister The future of Indian automobile industry is very good as the country has trained manpower, Gadkari said while addressing an event here, highlighting that all big automobile companies are present in the country. “Within five years, our target is to make India’s … [Read more...]

Summary China’s August CPI down 0.4% y/y vs 0.0% in July Food deflation deepens, core inflation climbs August PPI falls 2.9% y/y vs down 3.6% in July Policymakers step up efforts to curb price competition BEIJING, (Reuters) – China’s producer deflation eased in August, suggesting Beijing’s efforts to rein in excessive competition and price cuts in key industrial sectors were starting to bear … [Read more...]

MUNICH, (Reuters) – Chinese car makers are making inroads in Europe and executives say they are in the region to stay, underscoring a key reversal as brands from BYD to SAIC take market share on a continent where they once struggled to make sales. At this week’s IAA Mobility car show in Munich, China’s auto firms – facing a tough price war at home – were increasingly bullish about their plans for … [Read more...]

Difficult economic conditions, exacerbated by U.S. President Donald Trump’s tariffs, and persistently weak demand for many products have forced European companies to freeze hiring or cut jobs. Here are some of the layoffs announced since the beginning of April: CAR AND CAR PARTS MAKERS * BOSCH – The German car parts maker will cut up to 1,100 jobs by 2029 as sales drop amid a rapidly worsening … [Read more...]

MUNICH, (Reuters) – Chinese luxury automaker Hongqi said on Tuesday that it would launch 15 electric and hybrid models in Europe by 2028 across 25 different markets as it also unveiled the EHS5, a compact electric SUV. Hongqi, or Red Flag, known as former state leader Chairman Mao Zedong’s favoured car brand, already sells cars in several European markets, including Norway, the Netherlands and … [Read more...]

MUNICH, (Reuters) – Volkswagen will invest up to a billion euros ($1.2 billion) in artificial intelligence by 2030, feeding the technology into every area of its business in a bid to unlock billions in savings, the German carmaker said on Tuesday. The announcement was made on the first day of the IAA car show in Munich, Europe’s biggest, where European carmakers have gone on the offensive with … [Read more...]

Summary Tesla accounted for 38% of August US EV sales Its July US market share down most since March 2021 Rivals launch new vehicles, offer steep incentives SAN FRANCISCO, (Reuters) – Tesla’s (TSLA.O),  U.S. market share dropped to a near eight-year low in August as buyers chose electric vehicles from a growing stable of rivals over the aging lineup offered by CEO Elon Musk’s company, … [Read more...]

WASHINGTON, (Reuters) – Ford (F.N), is recalling 1.9 million vehicles worldwide due to faulty rear-view cameras, the latest in a series of callbacks over the issue, the automaker said Tuesday. The recall covers various 2015 through 2019 model year Lincoln MKC, Lincoln Navigator, Mustang, F-250, F-350, F-450, F-550, Expedition, Edge, Transit, Transit Connect, Econoline and Ranger vehicles … [Read more...]

Summary Musk’s pay tied to Tesla’s product and profit milestones Tesla’s valuation depends on investor perception and growth potential ARK has predicted Tesla’s market cap could reach $7 trillion-$10.9 trillion by 2029 SAN FRANCISCO, (Reuters) – How can Tesla (TSLA.O), become an $8.5 trillion company? That’s the market valuation the electric vehicle maker would have to reach to justify CEO Elon … [Read more...]

Summary European automakers face radically changing sector Volkswagen, Porsche, Mercedes launch revamps to compete Fate of Chinese market, the world’s biggest, uncertain MUNICH, (Reuters) – Whisper it quietly, but beneath the buzz of shiny new car models and bright lights at Europe’s largest car show, the industry sector is worried that their party is over. Prices and profits in key market China … [Read more...]

Wheels falling off cars at speed. Suspensions collapsing on brand-new vehicles. Axles breaking under acceleration. Tens of thousands of customers told Tesla about a host of part failures on low-mileage cars. The automaker sought to blame drivers for vehicle ‘abuse,’ but Tesla documents show it had tracked the chronic ‘flaws’ and ‘failures’ for years. Shreyansh Jain was ecstatic in March when he … [Read more...]

LONDON,(Reuters) – U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. But so far, China’s top EV maker, BYD, has dramatically hiked export prices compared to what it charges at home rather than undercut foreign rivals. The goal: to rake in hefty profit margins the automaker can’t get in China amid … [Read more...]

(Reuters) – A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world’s best-selling EV, but for about $8,000 less. The EX30 from Volvo Cars the Swedish luxury brand owned by China’s Geely (GEELY.UL) , foreshadows the fierce competitive threat U.S. automakers could face from Chinese EV manufacturers that have surged far … [Read more...]

(Reuters) – The day before Elon Musk fired virtually all of Tesla’s electric-vehicle charging division last month, they had high hopes as charging chief Rebecca Tinucci went to meet with Musk about the network’s future, four former charging-network staffers told Reuters. After Tinucci had cut between 15% and 20% of staffers two weeks earlier, part of much wider layoffs, they believed Musk would … [Read more...]

LONDON, (Reuters) – Low resale values for electric cars have pushed the leasing firms that drive Europe’s auto market to double prices over the last three years and some are threatening to quit the business altogether if regulators force them to go electric too fast, industry executives say. The jump in prices for electric car leases comes as cuts in subsidies for new EVs in key markets such as … [Read more...]

Summary Order cuts US tariffs on Japanese cars to 15% from 27.5% Order reiterates Japan will invest $550 billion in US projects Trump says Japan pledges to buy more rice, other agricultural products WASHINGTON/TOKYO, (Reuters) – U.S. President Donald Trump signed an order on Thursday to implement lower tariffs on Japanese automobile imports and other products that were announced in July, … [Read more...]

Summary Munich auto show highlights growing competition in Europe Chinese attendance is up 40% compared with 2023, VDA says IAA Mobility officially runs from September 9 to 14 LONDON/FRANKFURT/BERLIN, Sept 5 (Reuters) – Chinese and European carmakers are set to face off at next week’s Munich car show, reflecting intensifying competition on the continent that has pitted incumbents such as … [Read more...]