Author: Central Desk

Ford has warned of a substantial profit decline this year, driven largely by escalating costs from U.S. tariffs imposed under Donald Trump’s administration. The company now expects its adjusted earnings before interest and taxes (EBIT) to fall by as much as 36%, with a projected net tariff impact of $2 billion, $500 million higher than previously estimated. The tariffs, including duties on imported vehicles, auto parts, steel, aluminium, and other goods, have increased production costs even for Ford, which manufactures more vehicles in the U.S. than any other carmaker. CEO Jim Farley remarked that these policy shifts are pushing the…

Union Minister for Road Transport and Highways, Nitin Gadkari, has reaffirmed the government’s strong support to elevate India’s automobile industry into a global leader in innovation, safety, and sustainability. Addressing an industry event, Gadkari described the automobile sector as “the most important industry for the country,” citing its prominent role in employment, economic growth, and tax revenue. “India has become the third-largest automobile market globally, surpassing Japan, with the industry valued at ₹22 lakh crore,” Gadkari stated. He noted that the sector provides employment to nearly 4 crore people and contributes the highest share of GST revenue. He further expressed…

Tata Motors is reportedly preparing to acquire Italian commercial vehicle manufacturer Iveco in a $4.5 billion deal, marking its largest-ever automotive acquisition and the second-largest in the Tata Group’s history after its $12.9 billion acquisition of Corus in 2007. If completed, the deal would surpass Tata’s 2008 acquisition of Jaguar Land Rover (JLR), which was valued at $2.3 billion. According to The Economic Times, the boards of Tata Motors and Turin-based Iveco are scheduled to meet on Wednesday to approve the transaction, with a formal announcement expected the same day. Iveco confirmed on Tuesday that it is in advanced talks…

China’s rapid emergence as a global electric vehicle (EV) leader is redefining its relationship with Europe’s auto industry, shifting dynamics from technology import to innovation collaboration. Earlier this month, BYD’s Shenzhen, one of the world’s largest car carriers, departed for Europe carrying 6,817 BYD new energy vehicles (NEVs), signalling the increasing global footprint of Chinese automakers. Shortly after, BYD reached a milestone by producing its 13 millionth NEV. Official data shows that over 12 million NEVs have already been produced and sold in China in 2024 alone. This transformation is rooted in decades of strategic investment and learning. Once considered…

China’s Changan Automobile Co has officially become an independent automaker directly overseen by the central government. The state broadcaster CCTV News reported on Tuesday that the restructuring places Changan under the direct supervision of the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, making it the third such centrally administered carmaker after FAW Group and Dongfeng Motor. Previously operating as a subsidiary of China South Industries Group, Changan has now been re-established as a centrally owned enterprise headquartered in Chongqing Municipality in southwest China. The newly structured firm will oversee 117 subsidiaries and will focus on cutting-edge…

The European Union’s auto sector has cautiously welcomed a new trade agreement with the United States, viewing it as a step toward de-escalating recent transatlantic tensions. Industry leaders warn that persistent U.S. tariffs on European vehicle imports continue to pose major challenges, particularly for German automakers. On Monday, shares of major German car manufacturers, Porsche, Volkswagen, BMW, and Mercedes-Benz, each dropped by over 3%, reflecting market concern over the continued impact of the deal. While the agreement brings relief from the uncertainties that have clouded EU-U.S. trade in recent months, it does not roll back the 15% U.S. import tariff…

General Motors (GM), the largest carmaker in the United States, reported a major financial setback in the second quarter of the year, with profits plunging by over a third and losses exceeding $1 billion. The company attributed the downturn primarily to the impact of tariffs on its operations. Despite the loss, GM’s CEO has pledged billions in new investments within the United States, aimed at reshaping the customer experience at local dealerships and reinforcing the company’s domestic footprint. The announcement comes amid wider industry struggles. Earlier in the week, Stellantis, the manufacturer of Jeep and Ram, reported a $2.86 billion…

VinFast Auto India officially launched its first showroom in Surat, Gujarat, on July 27, 2025, with the aim of this Vietnamese electric vehicle (EV) maker’s expansion into the Indian retail market. Located in Piplod, the 3,000-square-foot facility showcases the company’s VF 6 and VF 7 electric SUVs. Operated by Chandan Car, a well-known Indian automotive retailer, the Surat outlet is part of VinFast’s broader plan to establish a 35-showroom network across more than 27 cities in India by the end of 2025. Pre-orders for VinFast’s EVs began on July 15, with customers able to reserve vehicles through showrooms or online…

U.S. automakers have expressed strong concern over President Donald Trump’s new trade framework with Japan, warning that it could put domestic manufacturers at a disadvantage compared to their foreign competitors. The deal imposes a 15% tariff on Japanese vehicles, down from the 25% previously threatened, prompting fears among U.S. carmakers of unequal treatment in the global supply chain. Matt Blunt, president of the American Automotive Policy Council, representing General Motors, Ford, and Stellantis, stated that U.S. automakers may face significantly higher tariffs on steel, aluminium, and vehicle parts, undermining their competitive position. “This is a deal that will charge lower…

China’s auto parts suppliers are emerging as global frontrunners in intelligent vehicle technologies, shifting from traditional downstream providers to innovation partners co-developing next-generation mobility systems with major international automakers. This transformation is evident through a series of high-profile collaborations. BMW Group recently partnered with Chinese smart driving startup Momenta to develop an advanced driver-assistance system (ADAS) tailored for the Chinese market. The system integrates artificial intelligence and automotive engineering expertise while adapting to local driving conditions. Earlier this year, Bosch joined forces with Beijing-based Horizon Robotics to co-develop multifunctional cameras and ADAS platforms powered by Horizon’s Journey chip series. Christoph…