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According to a recent survey, business sentiment within the German automotive industry has deteriorated further into negative territory in August, setting a bleak stage for upcoming labour negotiations at Volkswagen, which are set to commence on Wednesday as the company embarks on an ambitious cost-cutting initiative.

Bitter sentiment in the German automotive sector might affect VW’s labour negotiations

India will retain its current tax structure for electric and hybrid vehicles for an extended period, the government's G20 Sherpa, Amitabh Kant, announced on Tuesday.

Government to maintain 48% tax on hybrid cars and 5% on EVs

On Tuesday, China said it will proceed with an anti-dumping probe into canola import from Canada, a decision made shortly after Canada set tariffs on Chinese electric vehicles.

China launches anti-dumping probe on Canadian Canola imports amid trade tensions

Former Volkswagen chief executive Martin Winterkorn attended the fraud trial on Tuesday, in connection with the cheat device scandal that had emerged more than eight years ago.

Former Volkswagen chief on trial nine years after dieselgate scandal

As German automaker Volkswagen starts executing its ambitious cost-cutting drive, it faces agony from the workers and executives. The management, in its meeting with the workforce at its headquarters on Wednesday, will face a tense and fearful environment as it proposes painful cuts, including factory closures in Germany, to hit an ambitious profit target at its namesake brand.

Volkswagen faces off against workforce over proposed company cuts

The automotive industry has long been characterised by a trend of increasing vehicle sizes with each new generation, and Smart, the brand once renowned for its diminutive city cars, appears to be embracing this philosophy wholeheartedly.

Smart car makes a comeback as a mid-size electric crossover

Hero MotoCorp (HMC), the leading two-wheeler manufacturer in India, is reportedly in the final stages of negotiations to make a significant strategic investment in Altigreen Propulsion Labs.

Hero MotoCorp considers investment in electric three-wheeler startup

Union Minister for Petroleum and Natural Gas, Hardeep Puri, has made a significant announcement regarding the stability of ethanol prices, providing reassurance to the industry.

Union Minister Hardeep Puri guarantees price stability of ethanol to industry

German automotive giant BMW has announced a global recall of its electric Mini Cooper SE models to address concerns related to their battery systems. The recall, which could potentially affect more than 140,000 vehicles worldwide, has been prompted by the risk of overheating in the batteries, raising concerns about the possibility of fires, even when the vehicles are parked.

BMW recalls Mini Cooper SE electric models over battery concerns

Tesla is gearing up to expand its Model Y production in China with the introduction of a six-seat variant, slated for launch in late 2025. The move comes as the American electric vehicle (EV) manufacturer seeks to enhance the appeal of its best-selling yet ageing model.

Tesla plans six-seat Model Y expansion in China

Volkswagen, Europe's largest automaker, is contemplating a significant restructuring that could involve closing factories in Germany for the first time in its history.

Volkswagen considers historic plant closures amid rising costs

Tesla announced that sales records in China in August have been the highest this year. The American electric vehicle maker recorded sales of over 63,000 cars in the largest automotive market last month, up by 37% from July.

Tesla sees best sales month in China for 2024

Volvo Trucks is one of the pioneers in the electric truck segment and has recently unveiled plans to introduce a high-range FH Electric truck. This latest model is to be rolled out in the second half of 2025, and it will have a range of up to 600 km (373 miles) – serving the needs of users with longer commutes.

Volvo Trucks to introduce long-range electric model with 600-km range

General Motors (GM) plans on shutting down its manufacturing plant in Ecuador this Friday, effectively pulling out of operations in the country. The step has been made as GM has recently experienced growth in competition from local auto makers and after the company’s statement made in April when GM decided to cease production not only in Ecuador but also in its neighboring state – Colombia.

General Motors Ecuador factory shuts down amid market pressures

At the India Bio-Energy & Tech (IBET) Expo 2024, Bajaj Auto Ltd, a prominent two-wheeler and three-wheeler producing company, is in the limelight. The convention is slated from September 2 to 4 at Yashobhoomi, IICC Dwarka, New Delhi and provides a significant industry showcase for bioenergy and environmental technologies.

Bajaj Auto showcases green mobility innovations at IBET Expo 2024

An Aston Martin Vantage Safety Car, utilized in Formula 1, was involved in a crash during preparations for this weekend’s Italian Grand Prix, driven by the seasoned racer Bernd Maylander.

Aston Martin’s F1 safety car smashed in high-speed monza crash

In August, sales of passenger vehicles in the Indian market experienced a decline for the second consecutive month, attributed to a high comparative base and car manufacturers reducing dispatches to better manage inventory levels at dealerships.

Auto sales decline in August for second consecutive month

Hyundai Motor India Limited (HMIL) is set to launch the Alcazar facelift SUV on September 9 2024. Bookings for the facelifted SUV have been opened. Apart from a heavily revamped exterior and interior, the SUV will offer overall 70+ safety features with 40 of them being standard across all variants.

Hyundai Alcazar facelift SUV set to launch on September 9 with 70+ safety features

BYD, a prominent Chinese automotive manufacturer, has decided to take over its distribution operations in Germany from Hedin Electric Mobility amidst concerns over sluggish sales performance in Europe's largest auto market.

BYD assumes control of German operations amidst sales challenges

Nikhil Goel, the Chief Commercial Officer of Archer Aviation, stated that India is poised to become the largest market for electric air taxis globally, with a launch planned for 2026 that is set to transform urban transportation.

India set to become largest market for air taxis

Audi has introduced the third-generation Q5, a pivotal update to its globally top-selling model, as part of an aggressive product rollout initiative. Designed on the Premium Platform Combustion (PPC) architecture, also used in the recently debuted A5 sedan and wagon, the new Q5 represents a significant leap forward in Audi’s lineup.

Audi launches third-generation Q5 with advanced software and driver assistance upgrades

Tata Motors, India’s foremost automotive manufacturer, has unveiled its latest offering, the Tata Curvv - a groundbreaking SUV Coupe designed to redefine the mid-SUV category.

Tata Motors launches Tata Curvv SUV Coupe at INR 9.99 lakh

Tata Motors, the Indian automotive giant, experienced a decline in its August 2024 sales compared to the same period last year. The company's total sales for the month stood at 71,693 units, an eight per cent decrease from the 78,010 units sold in August 2023.

Tata Motors sales decline 8 per cent to 71,693 units in Aug 2024

The CEAT Indian Supercross Racing League (ISRL) has now officially closed its registration and lined up for a great run in Season 2, boasting a 20 percent increase in participants from the inaugural season.

CEAT Indian Supercross Racing League sees 20% surge in Season 2 registrations

The US stock market is broadening the rally and hence giving hope to investors who are worried about the overemphasis that is being given to technology stocks. This market shift occurs as global investors look forward to the important jobs figures and the Federal Reserve’s expected rate cuts next week.

US stock rally broadens as investors anticipate fed rate cuts

China has threatened Japan with severe economic consequences in case Tokyo proceeds with further curbs on the export of semiconductor manufacturing equipment to Chinese businesses, as described in a Bloomberg story on Monday.

China issues strong warning to Japan over potential chip export restrictions

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