Oil prices experienced a modest uptick on Wednesday, with investors maintaining a cautious stance ahead of the anticipated Federal Reserve interest rate decision and ongoing geopolitical developments affecting global energy markets.

Oil prices inch higher amid Federal Reserve deliberations

The US government aims to reduce traffic fatalities through enhanced vehicle safety systems.



US mandates rear seat belt reminders in all new vehicles by 2027

Proposed measures aim to dismantle Biden-era EV support and prioritise national defence

 



Trump transition team plots radical shift in EV policy

The United States Transportation Department has announced a new safety regulation requiring rear seat belt reminder systems in all new cars and trucks, marking a significant step towards reducing traffic-related deaths and injuries.

Donald Trump's transition team is recommending sweeping changes that could fundamentally reshape the United States' automotive and energy landscape. A confidential document reveals a comprehensive strategy to curtail government support for electric vehicles, charging infrastructure, and dramatically restructure automotive emissions regulations.

Stellantris seeks to rebuild relationships and redefine corporate strategy following Tavares's sudden departure

 



Stellantis embarks on strategic overhaul under Elkann's leadership

Landmark legal battle pits state environmental standards against federal pollution control mechanisms

 



US Supreme court to examine California's vehicle emissions regulations

Automotive holding company signals significant financial challenges amid industry-wide pressures

 



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

EPA continues review of landmark zero-emission vehicle regulations amid complex legal landscape

 



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

Stellantis is undergoing a rapid strategic transformation under the leadership of Chairman John Elkann, following the abrupt resignation of Carlos Tavares in early December.

The United States Supreme Court has agreed to hear a critical challenge to California's vehicle emissions and electric vehicle standards, a case that could potentially reshape environmental regulation across the nation.

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.

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.

November global sales of fully electric and plug-in hybrid vehicles hit a new high, with sales up 32% on last year and a third month in a row, the market research firm Rho Motion said Friday.

Global EV sales achieve record growth for third consecutive month

Artificial intelligence (AI) chip startups Tenstorrent based in Canada and BOS Semiconductors from South Korea founded by Hyundai Motor Group on Thursday heralded the launch of both cutting edge chips designed for use in automotive infotainment and autonomous driving.

Tenstorrent and BOS unveil advanced AI chips for automotive market

Asian automakers are hoping for help from the European commission to pare back its car CO2 emissions policies, which have come under mounting pressure from carmakers, national governments, and the European People's Party (EPP), the European Parliament's largest political group.

EU climate chief rejects calls to weaken car CO2 rules amid industry pressure

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

Tesla's stock blew past its earlier high of USD 414.50, set back in more than three years, to reach a record high of USD 415. The milestone came as the EV maker enjoyed its post-election rally on investor optimism about the company's growth prospects under a new U.

Tesla hits record high as shares soar to USD 415

Volkswagen (VW) on Wednesday proposed a 14 percent wage increase for four years for workers at its Chattanooga, Tennessee assembly plant, profit sharing incentives, and improved healthcare benefits.

VW offers Tennessee workers 14% wage hike, profit sharing amid contract talks

Wall Street analysts' opinions on General Motors (GM) decision to close down its Cruise robotaxi division were split — one side expressed disappointment over a sudden end to what was billed as a USD 50 billion opportunity by 2030 while the other contradicted the shutdown, describing Cruise as an exciting move that should be celebrated.

Wall Street offers mixed reactions to GM’s Cruise shutdown

On Tuesday, Ferrari chief Benedetto Vigna said the Italian sports car maker will continue to build all luxury sports cars — including its first fully electric vehicle — in its hometown of Maranello, northern Italy.

Ferrari commits to Italian manufacturing as it prepares for electric future

Nissan Motor Co. said Wednesday it would shake up its leadership appointments, with Chief Financial Officer Stephen Ma taking over as chief of its Chinese operations next year.

Nissan reshuffles leadership, moves CFO Stephen Ma to lead China operations

In China, Tesla has had a solid launch to December, announcing that it sold 21,900 electric vehicles in the first week of the month, its best weekly sales for the fourth quarter of 2024.

Tesla reports strong December start in China with 21,900 EVs sold in a week

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