BERLIN — Proposed Volkswagen German plant closures could affect more than 45,000 workers as the automaker considers a restructuring that may raise total job reductions to about 100,000 worldwide. Reuters reported on Friday, June 26, 2026, that Volkswagen is reviewing possible closures of plants in Hanover, Zwickau and Emden, as well as Audi’s factory in Neckarsulm. The proposals have not been approved. Volkswagen declined to discuss confidential documents but acknowled

Prime Minister Narendra Modi on Sunday urged citizens to adopt responsible economic habits to help India manage the impact of rising global oil prices and supply chain disruptions linked to tensions in the Middle East. Addressing a gathering in Hyderabad, the prime minister appealed to the public to reduce petrol and diesel consumption, avoid unnecessary foreign travel, and limit non-essential gold purchases in order to protect the nation’s foreign exchange reserves and economic stability.

Porsche sells its Bugatti Rimac stake, marking a full exit and shift toward core operations amid global market challenges. Porsche exits Bugatti Rimac joint venture in strategic stake sale — Porsche AG has agreed to sell its 45% stake in the Bugatti Rimac joint venture, marking a full withdrawal from the high-performance electric hypercar venture as it sharpens focus on

What challenges is Tesla facing in India? Market hurdles limit EV expansion India has emerged as the weakest new market globally for Tesla Inc, underscoring the structural and policy challenges facing the automaker led by Elon Musk despite rising demand for electric vehicles in

Tamil Nadu Chief Minister M.K. Stalin laid out an ambitious roadmap for the state’s development, aiming to transform Tamil Nadu into a one-trillion-dollar economy by 2030. This vision is backed by the ‘Dravidian Model’ of governance, which has already set the state on a path of rapid industrial and economic growth. Tamil Nadu is expected to play a pivotal role in India’s economic future, with targets such as attracting investments worth ₹18 lakh crore, increasing exports t

Tensions involving Iran and disruptions in the Strait of Hormuz, a critical shipping route connecting the Persian Gulf to the Gulf of Oman, have placed significant strain on the global economy. The obstruction of oil tanker traffic has led to a sharp rise in oil prices worldwide, increasing transportation costs and placing added financial pressure on both businesses and private vehicle owners reliant on fuel. While the broader economic impact has been negative, the situation has creat

Tesla reported its first-quarter 2026 vehicle production and delivery figures, revealing a mixed performance as deliveries fell short of expectations while showing modest year-over-year growth. The company delivered 358,023 vehicles during the quarter and produced 408,386 units, according to its latest report. Analysts had projected approximately 370,000 deliveries, while a company-compiled consensus published on Wednesday, March 26, 2026, estimated 365,645 deliveries. Following the r

Andhra Pradesh Chief Minister Chandrababu Naidu has directed the officials of APSRTC to introduce a fleet of 1,000 electric buses in a bid to transform the state’s public transport system into a more environmentally friendly and sustainable one. This directive is part of the government’s larger vision to encourage green energy solutions and reduce carbon emissions in the state. During a review meeting held at the Secretariat, the Chief Minister emphasized the growing need for cl

China and Canada have announced a significant reduction in tariffs and signalled a broader reset in their bilateral relationship following high-level talks in Beijing, marking a notable shift after years of strained diplomatic and trade ties. The agreement was confirmed after a meeting on Friday between Chinese President Xi Jinping and Canadian Prime Minister Mark Carney, the first Canadian leader to visit China in nearly a decade. Under the deal, China is expected to reduce tariffs on Canad

Amid ongoing geopolitical tensions, trade disputes, and armed conflicts across multiple regions, China quietly achieved two major economic milestones in 2025, underscoring its continued influence over global manufacturing and trade. Official data released this month shows that the country recorded the largest annual trade surplus in its history while further consolidating its position as the world’s leading automobile producer and seller. These achievements came despite persistent pressures

The world’s richest individual added significantly to his fortune after a major legal reversal in the United States. The Delaware Supreme Court on Friday cleared Elon Musk’s long-disputed $56 billion compensation package from Tesla, overturning a lower court ruling that had invalidated the 2018 pay plan. The decision marked a pivotal moment in a case that has drawn global attention to executive compensation, corporate governance, and shareholder rights at one of the world’s most valuabl

California regulators have warned Tesla that its license to sell electric vehicles in the state could be temporarily suspended early next year unless the automaker revises how it markets its self-driving technology. The warning follows a legal decision concluding that Tesla misled consumers for years by overstating the capabilities of its driver assistance systems, particularly through the use of the terms Autopilot and Full Self-Driving. In a decision released late Tuesday, an admi

Silver prices touched a key psychological level on Friday as March futures on the Multi Commodity Exchange briefly crossed the Rs 2 lakh mark, reflecting strong momentum in the bullion market. The contract rose to an intraday high of Rs 2,00,362 before easing slightly in late trade. By 3:54 pm, silver was quoted at Rs 1,99,238, still holding most of the day’s gains as traders assessed near-term cues. The move marks the continuation of a steady rally seen over the past several weeks, driven by a combination of supportive global and domestic factors. A softer US dollar and declining global interest rates have improved the appeal of non-yielding assets such as precious metals, encouraging investor participation. At the same time, broader strength across industrial commodities has added to bullish sentiment in silver, which straddles both investment and industrial demand. Market participants point to global monetary easing as a key driver behind the recent surge. With the US Federal Reserve cutting rates again, expectations of a prolonged low-rate environment have strengthened. This has reduced the opportunity cost of holding metals and increased demand from investors seeking diversification and protection against currency volatility. A weaker dollar has further supported prices by making silver cheaper for overseas buyers, lifting global demand. Industrial consumption has also emerged as a significant pillar for prices. Silver remains a critical input for solar panels, electric vehicles, semiconductors and a wide range of electronic components. As global investment in clean energy and technology accelerates, demand for the metal continues to expand. Several industry estimates suggest that supply growth from mining has not kept pace with rising consumption, resulting in a persistent global supply deficit. In India, demand has been reinforced by the rapid expansion of solar power capacity and the government’s push to strengthen domestic electronics manufacturing. Traders noted that once silver moved decisively above the Rs 1.90 lakh resistance zone, momentum-based buying gathered pace, carrying prices toward the Rs 2 lakh threshold. The longer-term outlook remains constructive, supported by structural demand trends. Analysts tracking the market highlight that the imbalance between supply and consumption is likely to persist, keeping prices elevated. Based on these fundamentals, some projections point to a potential upside toward Rs 2.40 lakh over the medium to long term, provided global demand remains steady and mining output does not rise sharply. From a technical perspective, the ability of silver to sustain levels near Rs 2 lakh will be closely watched. Immediate resistance is seen around Rs 2,00,500, while support is placed near Rs 1,96,000. A firm close above resistance could strengthen expectations of a move toward the Rs 2.10 lakh to Rs 2.15 lakh range. However, traders caution that short-term volatility is likely, with profit booking or shifts in global rate expectations capable of triggering temporary corrections. Despite the possibility of near-term swings, the broader fundamentals continue to favour silver. Growing demand from solar, electronics and EV segments, combined with limited supply expansion, underpins the bullish outlook. The recent move past Rs 2 lakh has set a new reference point for the market, and its ability to build on this milestone will depend on how global monetary policy, industrial consumption and investor sentiment evolve in the weeks ahead.

Siddhant Awasthi, an Indian-origin engineer who rose from intern to the head of the Cybertruck program, has announced his departure after more than eight years of service. His exit marks the conclusion of an extraordinary journey that began as a young engineering intern and ended with him leading one of the most ambitious vehicle projects in the electric automotive industry. Awasthi shared the news of his decision through a professional networking post, reflecting on his growth, challenges, and

Elon Musk has once again redefined corporate ambition. At Tesla’s annual shareholder meeting in Austin, the company’s investors voted to approve an unprecedented $1 trillion compensation plan for its CEO. The package, designed to stretch over a decade, is tied to a series of extraordinary performance goals that could transform Tesla into one of the most valuable and diversified technology companies in the world. Unlike conventional executive pay structures, Musk’s plan contain

As the world moves toward more sustainable transportation, the debate between hybrid and electric cars continues to grow. With both options offering eco-friendly benefits, understanding the differences between them is essential when considering your next vehicle purchase. Here's a breakdown to help you decide which is the right choice for you 1. What is a Hybrid Car?

Elon Musk’s business empire is facing a wave of senior-level departures across Tesla, X and xAI as his relentless management style, shifting strategies and personal rivalries continue to drive churn at the top. Over the past year, several of the billionaire’s closest lieutenants and senior executives have chosen to walk away, leaving behind questions about the stability of leadership inside some of the world’s most closely watched companies. Tesla, once considered the most sta

Tesla’s stock price surged by more than 3% on Monday, closing at $410.26 per share, after it was revealed that CEO Elon Musk had purchased more than 2.5 million shares in the company. The acquisition, valued at around $1 billion, was disclosed in a regulatory filing and took place in several tranches at varying prices on Friday. The move immediately triggered optimism among investors and added significant momentum to Tesla’s already robust performance in recent months. T

Tesla has officially entered the Indian market, and its arrival made headlines when Maharashtra Transport Minister Pratap Sarnaik became the country’s first Tesla Model Y owner. The landmark delivery came just a day after Tesla inaugurated its Mumbai showroom at Bandra Kurla Complex, attracting huge crowds eager to catch a glimpse of the electric SUV. The Tesla Model Y will now be seen on Indian roads, a signi

The future of transportation is electric, and it’s already here. Electric vehicles (EVs) are becoming more than just a way to get from point A to point B; they are reshaping the way we think about cars, driving, and even our environment. With their advanced technology, sustainability benefits, and growing accessibility, owning an EV feels like experiencing the future today. In this article, we will explore why EV ownership is not just a trend but a step into a more sustainable, high-tec