Indian Automobile Industry News & Updates - International News
Uber shares tumble as second-quarter forecast disappoints
Uber forecast second-quarter gross bookings below expectations after missing the target for the first three months on Wednesday, sending it shares down nearly 7% before the bell.
US sues Hyundai, Kia finance arm for repossessing service members' vehicles
The U.S. government on Wednesday sued Hyundai and Kia's American financing arm, accusing it of repossessing vehicles leased by military service members without first obtaining court permission as required by law.
Panasonic's battery unit misses annual profit estimate
The energy unit of Japan's Panasonic Holdings missed its operating profit guidance for the past business year due to lower electric-vehicle battery production in Japan and a fall in sales of consumer products, the company said on Thursday.
US set to impose tariffs on China EVs and other strategic sectors, Bloomberg reports
The Biden administration is set to announce new China tariffs next week that target strategic sectors including electric vehicles, batteries and solar equipment, Bloomberg News reported on Thursday.
Tesla ramps up job cuts in China as sales slowdown bites
Tesla Inc.’s job cuts are escalating in China, according to people familiar with the matter, as Elon Musk contends with growing pressure to win back share in the world’s biggest auto market.
South Korea welcomes US decision to extend use of Chinese graphite in EVs
South Korea on Wednesday welcomed a US decision to extend automakers' eligibility for electric vehicle tax credits for cars containing Chinese graphite through 2026.
Nissan annual net profit nearly doubles on-year
Nissan said Thursday it nearly doubled its full-year net profit in 2023-24 but forecast a dip of around 10%for the current financial year.
Bentley unveils Batur Convertible; Limited to 16 pieces, sold out
New Delhi: In a significant reveal, Bentley Motors has introduced the Batur Convertible, marking the third coachbuilt creation of the modern era from Mulliner, Bentley's in-house bespoke division.
BMW earnings hit by model change, lower profits on e-auto sales
German car manufacturer BMW made less profit in the first quarter despite a good run with expensive models and an increase in sales, the company reported on Wednesday.
China issues draft guidelines to rein in lithium battery industry
China has released draft guidelines aimed at reining in the country's lithium battery industry, which has been in Western crosshairs over fears subsidised overproduction could flood global markets with cut-price exports.
Mercedes retreats to gas guzzlers as EVs fail to boost profit
GM to end production of Chevy Malibu as it shifts to EVs
Japanese auto giant Toyota posts record net profit
In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud
Ford mulls offering petrol-powered vehicles, hybrids in Europe beyond 2030
Toyota issues cautious forecast after record profit, scandal hit production cut
Toyota reports booming profit, vows to invest to keep growth going
Toyota Motor Corp.'s annual profit totaled 4.9 trillion yen ($31.9 billion), up from 2.45 trillion yen the year before, while its sales jumped 21 per cent to 45 trillion yen ($290 billion), the company said Wednesday.
Tesla sends top executive back to China amid weak sales
Tesla Inc is sending executive Tom Zhu back to China, where he led the carmaker's entry into the country, according to a person familiar with the matter.
Chinese EV makers' plans to make cars in Europe
Some Chinese carmakers are looking to set up manufacturing and assembly plants in Europe as they aim to ramp up sales in the region of lower costs cars to rival their European competitors amid slowing demand at home, the world's largest car market.
Motional puts robotaxi deployment on back burner, to focus on technology development
Self-driving technology company Motional said on Tuesday it would focus on developing its core technology and delay commercial robotaxi deployments, while it lays off staff as part of its restructuring process.
Rolls-Royce unveils Cullinan Series II and Black Badge version
Rolls-Royce has unveiled the facelift of the super-luxury SUV Cullinan. The Cullinan Series II has been updated with advanced digital interface, a new private members app, and a new clock cabinet incorporating Spirit of Ecstasy figurine into Cullinan’s interior.
Battery recycling shatters the myth of EV waste
Making a battery for an electric vehicle typically requires mining hundreds of pounds of hard-to-extract minerals. That's put a spotlight on batteries' heavy environmental toll, at least upfront. But the latest advances in battery recycling, including by leading US battery recycler Redwood Materials are shrinking EVs' footprint.
Four automakers to recall over 7,783 vehicles for faulty parts
Hyundai Motor, Kia and two other carmakers will recall over 7,700 vehicles due to faulty components, the transport ministry here said on Wednesday.
Amazon unveils first electric seaport trucks amid push to slash tailpipe emissions
Amazon.com on Tuesday unveiled the first of a dozen Volvo electric big rigs it plans to deploy this year to pick up cargo from the nation's busiest container seaport in Southern California.
Luminar says Tesla is biggest customer for its lidar sensors
EU tariffs on Chinese EVs could backfire, German car bosses warn
Mercedes retreats to gas guzzlers as EVs fail to boost profit
China's Nio sets sights on big EV race with Tesla, ropes in larger rival BYD for batteries
Global car giants seek tech allies in China's cutthroat EV market
Volkswagen to beef up hybrid offerings as EV shift stumbles
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