SEOUL, (Reuters) – Hyundai Motor said on Friday that it will investigate the employment practices by suppliers and their subcontractors, after hundreds of workers at a Hyundai Motor car battery facility under construction in the state of Georgia were detained in a major raid by U.S. authorities. “We take our responsibility as a corporate citizen seriously, and incidents like this remind us of the … [Read more...]

(Reuters) – A U.S. appeals court on Friday voided a Biden administration-era rule that changed the calculation of the petroleum-equivalent fuel economy of electric vehicles, a victory for 13 Republican state attorneys general who said the rule overstated EVs’ efficiency. The 8th U.S. Circuit Court of Appeals in St. Louis said the Department of Energy exceeded its authority by deciding to phase out … [Read more...]

Summary Tesla moved its legal home to Texas from Delaware last year Texas makes it harder for shareholders to challenge Musk’s pay package Musk will be able to vote on the pay plan WILMINGTON, Delaware, (Reuters) – Elon Musk’s blow-out $1 trillion pay package from Tesla proves everything is bigger in Texas, especially under its new management-friendly law. Last year, Tesla reincorporated in the … [Read more...]

(Reuters) – Vietnamese electric-vehicle maker VinFast on Thursday reported a wider second-quarter net loss as it stepped up spending on global expansion and marketing to spur demand and support its ambitious growth strategy. The EV maker, however, reaffirmed its commitment to achieving breakeven by the end of 2026. Founder and CEO Pham Nhat Vuong last month pledged an additional $1.5 billion to … [Read more...]

By Mobility Outlook SWITCH Mobility, part of the Hinduja Group and a global leader in electric buses and light commercial vehicles, has commenced deliveries of its SWITCH EiV12 low-floor electric city buses to the Department of Transport, Delhi. The 950-unit order, awarded under the CESL tender, was flagged off by Hon’ble Chief Minister Rekha Gupta, along with senior dignitaries including … [Read more...]

STOCKHOLM, (Reuters) – Volvo Cars sold 48,029 cars in August, down 9% from a year earlier, the Sweden-based company said on Thursday. Volvo Cars, which is majority-owned by China’s Geely, said in a statement sales of fully electric cars fell 28% to account for 20% of total sales volumes. Sales of electrified cars as a whole, also including plug-in hybrids, were down 17% and accounted for 43% of … [Read more...]

TOKYO, (Reuters) – Japan and the United States are in the final stages of talks to implement lower tariffs on Japanese automobile imports within 10-14 days after the issuance of a U.S. presidential executive order, a Japanese government source told Reuters on Thursday. That means that a reduced U.S. tariff rate on Japanese cars, from the current 27.5% to 15%, is set to take effect by the end of … [Read more...]

Summary Investment not a lump-sum, tailored to project demands, says Lee Hyoung-il Lee says to act to stabilise FX market if needed Expects South Korea’s economy to grow 1.8% next year SEOUL, (Reuters) – South Korea’s pledge to invest $350 billion in strategic U.S. industries as part of a trade deal with Washington is likely to be led by state policy institutions that will provide funding on a … [Read more...]

By WAF Think Tank  New Delhi, September 3, 2025: In a landmark move aimed at boosting demand across the automotive and agriculture sectors, the Government of India has announced a significant reduction in Goods and Services Tax (GST) on vehicles, farm equipment, and auto components. The decision, cleared by the GST Council in its latest meeting, is expected to provide relief to consumers, … [Read more...]

ISTANBUL, (Reuters) – Tesla’s auto sales soared in Turkey in August, reaching the No. 2 spot ahead of traditional European and Japanese rivals, as the U.S. brand benefited from buyers’ seeking tax breaks and a currency hedge. The electric vehicle (EV) maker sold 8,730 Model Y’s, up 86% from the previous month, in sharp contrast to a sales rout in some parts of Europe amid fierce competition from … [Read more...]

Summary Modi eyeing major tax overhaul to consumer levies Indian tax panel proposes lifting tax on higher-end EVs India taxes all electric cars at 5% now Tata, BMW say tax hike to hurt EV adoption in India Final decision to be taken by GST Council on Sept 3-4 NEW DELHI, (Reuters) – An Indian tax panel has proposed steep increases in consumer levies on luxury electric cars priced above $46,000, a … [Read more...]

(Reuters) – Jaguar Land Rover’s retail and production activities have been “severely disrupted” following a cybersecurity incident, the British luxury carmaker said on Tuesday, adding that it was working to restart its operations in a controlled manner. The company, owned by India’s Tata Motors said it had not found any evidence at this stage that any customer data had been stolen after it shut … [Read more...]

(Reuters) – French carmaker Renault appointed former Mercedes-Benz vice president Katrin Adt as managing director of its low-cost Dacia brand, the company said on Monday, as it revamps its management team under new CEO Francois Provost. Adt will succeed Denis Le Vot. Le Vot was among the frontrunners for the Renault chief executive job and will now leave the company, the group said. It also … [Read more...]

BEIJING, (Reuters) – Tesla Inc lowered the price for its Model 3 rear-wheel drive version in China by 3.7% to 259,500 yuan ($36,278.99), its website showed on Monday. The U.S. automaker launched the new Model 3 variant, its longest-range Tesla model, in China last month. ($1 = 7.1529 Chinese yuan renminbi) Reporting by Beijing newsroom; Editing by Kim Coghill Source: worldautoforum.com … [Read more...]

BERLIN, (Reuters) – Volkswagen’s Audi could target long-term annual sales of at least 2 million cars, up a fifth from 2024, under a new strategy the premium brand is expected to release later this year, according to a person close to the matter. The potential target, previously unreported, would be an annual record for the German luxury carmaker and points towards a more aggressive approach after … [Read more...]

Summary BYD production fell 3.78% from a year earlier in August Follows a 0.9% drop in July BYD is slowing production amid growing pressures in China SHANGHAI, (Reuters) – BYD’s production slid for a second straight month in August, marking its first consecutive monthly contraction since 2020 in a further sign that the Chinese EV giant is putting the brakes on its massive years-long … [Read more...]

HELSINKI, (Reuters) – Chinese battery maker Contemporary Amperex Technology (CATL) is selling its 20.6% stake in subcontract Finnish car maker Valmet Automotive to the Finnish state and another shareholder, Finland’s government said on Monday, amid low electric car sales in Europe. The Finnish state, which already owns 44.96% of Valmet Automotive through its investment company Finnish Industry … [Read more...]

Boulogne-Billancourt, September 1st, 2025 – Following his appointment on July 31st, Renault Group’s new CEO, François Provost, announces a series of executive moves and organisational updates, effective immediately. “To meet the challenges ahead, we need an organisation that decides faster, executes smarter and stays closer to our customers. Today’s leadership changes bring together talented … [Read more...]

Bengaluru, 01 September 2025: Toyota Kirloskar Motor (TKM) today declared its sales performance as follows: Month on Month Growth: [August 2025 VS August 2024] Timeframe July 2025 July 2024 Growth Y-o-Y 34,236 units 30,879 units 11% This includes 29,302 units sold in the domestic market and 4,934 units exported. Calendar Year Growth: [January – August 2025 vs January – … [Read more...]

SAO PAULO, (Reuters) – Volkswagen’s Brazil unit has been ordered to pay 165 million reais ($30.44 million) in damages for subjecting workers on a farm to slavery-like conditions in the 1970s and 1980s, labor prosecutors said on Friday. A labor court found that hundreds of workers at a Volkswagen-run ranch were subjected to degrading work conditions, forced into debt bondage and were held under … [Read more...]