Porsche SE has issued a stark warning about potential substantial financial impairments, revealing it may write down the value of its Volkswagen stake by up to €20 billion, highlighting the profound challenges facing the automotive industry.

Porsche SE warns of massive €20 billion impairment on Volkswagen stake

The United States Environmental Protection Agency (EPA) has not yet reached a decision on California's ambitious plan to phase out gasoline-only vehicles by 2035, maintaining a cautious approach to the state's groundbreaking emissions regulations.

US Environmental Agency delays decision on California's 2035 vehicle emissions plan

Tata Motors, a leading Indian automotive manufacturer, has announced a price increase of up to 2% for its commercial vehicle segment, effective from January 1st, 2025.

Tata Motors to raise commercial vehicle prices by up to 2% in January

Sona Comstar, an Indian auto component manufacturer, is pursuing an aggressive growth strategy by engaging in active discussions with carmakers in China, Japan, and South Korea, signalling a major pivot from its traditional North American and European markets.

Sona Comstar targets East Asian markets in strategic growth push

A consortium of significant investors has proposed taking India's second-largest clean energy generator, ReNew Energy Global, private in a £2.24 billion transaction, filings with the United States Securities and Exchange Commission reveal.

Major investors propose taking ReNew Energy private

Stellantis has confirmed its commitment to meeting European Union carbon reduction targets for 2025, with the company's European chief indicating a comprehensive strategy to avoid potential financial penalties.

Stellantis pledges compliance with EU carbon reduction rules

Volkswagen has announced the sale of its operations in China's controversial Xinjiang region, culminating years of mounting international pressure regarding alleged human rights abuses against the Uyghur population.

Volkswagen sells Xinjiang plant, extends partnership with SAIC

President-elect Donald Trump's proposed 25% tariff on imports from Mexico and Canada threatens to deliver a substantial blow to the United States automotive industry, potentially causing widespread economic repercussions that could harm manufacturers, workers, and consumers alike.

Trump's proposed 25% import tariffs loom large over US automotive sector

Toyota Motor, the world's largest automobile manufacturer, has reported another month of global production decline in October, marking its ninth straight month of reduced output.

Toyota's global output continues downward trend

In a significant development for Canada's electric vehicle (EV) manufacturing strategy, the federal government has decisively ruled out additional funding for Northvolt, following the company's Chapter 11 bankruptcy filing in the United States on Thursday.

Canada halts further investment in Northvolt amid US bankruptcy filing

Hyundai Motor has announced a significant recall affecting approximately 145,235 electrified vehicles in the United States, following safety concerns identified by the National Highway Traffic Safety Administration (NHTSA).

Hyundai issues major recall of 145,000 EVs in US market

Nissan Motor has publicly challenged the UK government's Zero Emissions Vehicle (ZEV) Mandate, calling for greater flexibility and a more nuanced approach to the country's ambitious electric vehicle transition.

Nissan calls for flexibility in UK's EV mandate

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Zee News Rajasthan

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Diksha Bisla

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