Category: US Motoring Press

Tesla reports sales miss as auto revenue drops for second straight quarter

Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Tesla reported a 16% decline in automotive revenue as sales fell for a second straight quarter and again trailed analysts’ estimates. Here’s how the company did,… Continue reading Tesla reports sales miss as auto revenue drops for second straight quarter

Uber will let women drivers and riders request to avoid being paired with men starting next month

Nisian Hughes | Getty Images Uber announced a new feature Wednesday that pairs women drivers and riders, in its latest move to address safety on the ride-hailing platform. The new tool, which the platform will begin piloting next month in the U.S., allows women passengers to match with women drivers when booking or pre-booking rides,… Continue reading Uber will let women drivers and riders request to avoid being paired with men starting next month

Germany’s auto giants rally as U.S.-Japan trade deal raises hopes of a tariff breakthrough

Vehicles are assembled on a line at the BMW plant in Leipzig. Picture Alliance | Picture Alliance | Getty Images Shares of Europe’s top carmakers jumped on Wednesday after the U.S. and Japan’s blockbuster trade agreement raised hopes of a tariff breakthrough for other major exporters. In a post on social media platform Truth Social,… Continue reading Germany’s auto giants rally as U.S.-Japan trade deal raises hopes of a tariff breakthrough

Japan auto stocks soar on report of lower tariffs — Toyota jumps over 15%

Recently imported brand new unregistered Honda cars are parked in a storage yard at the Port of Bristol on January 15, 2025 near Bristol, England. Anna Barclay | Getty Images Shares of Japanese automakers surged after Japanese Prime Minister Shigeru Ishiba said that U.S. auto tariffs were lowered to 15% from the current 25%, Reuters… Continue reading Japan auto stocks soar on report of lower tariffs — Toyota jumps over 15%

MAHLE Bats for Hybrids, Range Extenders; Sees Big Opportunity in India

As some of the global markets are showing weakness in the adoption of electric vehicles, MAHLE Group is pushing multiple forms of electrification for decarbonisation rather than completely relying on BEVs. The German auto component major believes that it is necessary to offer different types of electric vehicles, such as range extenders or hybrid vehicles,… Continue reading MAHLE Bats for Hybrids, Range Extenders; Sees Big Opportunity in India

Delhi Govt Extends EV Policy Until March 2026

The Delhi government has extended its Electric Vehicle Policy until March 31, 2026, Transport Minister Pankaj Singh announced on Tuesday, according to PTI. The extension will remain in effect until a new policy receives approval, whichever occurs first. Key proposals in the upcoming draft include phasing out CNG auto-rickshaws by August 2025, banning registration of… Continue reading Delhi Govt Extends EV Policy Until March 2026

Delhi Govt Extends EV Policy Until March 2026

The Delhi government has extended its Electric Vehicle Policy until March 31, 2026, Transport Minister Pankaj Singh announced on Tuesday, according to PTI. The extension will remain in effect until a new policy receives approval, whichever occurs first. Key proposals in the upcoming draft include phasing out CNG auto-rickshaws by August 2025, banning registration of… Continue reading Delhi Govt Extends EV Policy Until March 2026

EVamp Technologies Secures First Round of Funding

EVamp Technologies Private Limited, the company operating India’s rapidly expanding Mobilane EV Charging Network, has successfully closed its first round of funding. The capital will fuel the company’s ambitious plans to scale its pan-India charging infrastructure while launching in-house manufacturing of AC chargers and Light Electric Vehicle (LEV) DC chargers. The funding announcement comes as… Continue reading EVamp Technologies Secures First Round of Funding

Gears in Neutral: L&T Technology’s Auto Segment Slows as Global Headwinds Hit

The automotive industry, long a driver of growth for Indian engineering firms, is showing signs of idling as multinational clients delay projects and new business takes the slow lane. L&T Technology Services (LTTS), a leading engineering services provider, is feeling these effects sharply in its flagship mobility segment—even as it posts strong overall numbers and… Continue reading Gears in Neutral: L&T Technology’s Auto Segment Slows as Global Headwinds Hit