MAZDA

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By Jesus Calero

June 25 (Reuters) - Tesla's TSLA.O new car sales in Europe fell 27.9% in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2%, with the U.S. EV maker's revised Model Y yet to show signs of reviving the brand's fortunes.

Overall car sales in Europe rose 1.9%, with the strongest growth coming from plug-in hybrids and cars powered by alternative fuels, data from the European Automobile Manufacturers Association (ACEA) showed.

WHY IT'S IMPORTANT

Tesla's European sales have now fallen for five straight months as customers switch to cheaper Chinese EVs and, in some cases, protest against Tesla CEO Elon Musk's politics.

Tesla's European market share dropped to just 1.2% in May from 1.8% a year ago.

The revised Model Y is meant to revamp the company's ageing model range as traditional automakers and Chinese rivals launch EVs at a rapid pace amid trade tensions.

Chinese manufacturers kept up their strong growth in Europe last month despite EU tariffs on Chinese EVs, selling 65,808 cars and doubling their market share to 5.9%, according to separate data released Tuesday by Jato Dynamics.

BYD registered nearly as many vehicles as Tesla in May, after outselling it in April.

BY THE NUMBERS

May new car sales in the European Union, Britain and the European Free Trade Association rose to 1.11 million vehicles, following a 0.3% dip in April, ACEA data showed.

Registrations at Chinese state-owned SAIC Motor 600104.SS and Germany's BMW BMWG.DE rose 22.5% and 5.6% respectively, while they fell 23% at Japan's Mazda 7261.T.

In the EU alone, total car sales have fallen 0.6% so far this year.

That comes despite growing demand for EVs, with registrations of battery-electric (BEV), plug-in hybrid (PHEV) and hybrid-electric (HEV) cars rising 26.1%, 15% and 19.8% respectively.

EU sales of BEVs, HEVs and PHEVs combined accounted for 58.9% of passenger car registrations in May, up from 48.9% in May 2024.

Among the largest EU markets, new car sales in Spain and Germany rose 18.6% and 1.2% respectively, while in France and Italy they dropped by 12.3% and 0.1%.

In Britain, registrations were up 1.6%.

(Reporting by Jesus Calero
Editing by Mark Potter)

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By Jesus Calero

May 27 (Reuters) - Tesla's TSLA.O sales in Europe fell 49% in April from a year earlier, even as battery-electric sales rose by 27.8%, as the U.S. EV maker's upgrade of its Model Y shows little sign of improving the brand's tarnished image in the region.

Overall car sales in the region remained roughly consistent with last year, falling just 0.3%, with the strongest sales growth coming from electric and plug-in hybrid cars, data by the European Automobile Manufacturers Association (ACEA) showed.

WHY IT'S IMPORTANT

Tesla's sales in Europe continue to drop, reflecting a shift away from the brand as Chinese competition strengthens and some protest against Elon Musk's political views.

European carmakers strive to cut domestic costs and tackle competition amid U.S. tariffs on auto imports and a slowing global economy, with uncertainty overshadowing the industry's outlook despite eased U.S.-China trade tensions.

BY THE NUMBERS

April sales in the European Union, Britain and the European Free Trade Association (EFTA) fell to 1.07 million cars, following a 2.8% growth a month before, the ACEA data showed.

Registrations at Chinese state-owned automaker SAIC Motor 600104.SS and Mitsubishi 7211.T grew by 24.5% and 22.1% respectively, while they fell by 24.5% at Mazda MAZD.NS.

Tesla's TSLA.O sales fell for a fourth month in a row, down 49% year-on-year, and its share of the total market nearly halved to 0.7% from 1.3% a year ago.

In just the EU - not including Britain and the EFTA - total car sales fell 1.2% year-on-year, declining for a fourth consecutive month, as the registrations of battery electric (BEV), plug-in hybrid (PHEV) and hybrid electric (HEV) cars grew by 26.4%, 7.8% and 20.8% respectively.

Electrified vehicles - either BEV, HEV or PHEV - sold in the bloc accounted for 59.2% of passenger car registrations in April, up from 47.7% in the previous year.

Among the largest EU markets, total car sales in Spain and Italy increased by 7.1% and 2.7% respectively, while in France and Germany they dropped by 5.6% and 0.2%.

In Britain, registrations were down 10.4%.

CONTEXT

Growing interest in Europe's EV market, driven by emission targets and cheaper models, contrasts with global policies encouraging EVs amid trade tensions, slowing markets, and potential plant closures and job losses.

(Reporting by Jesus Calero and Amir Orusov in Gdansk and Victoria Waldersee in Berlin; Editing by Alison Williams)

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** Mazda MAZD.NS jumps as much as 10% to 1,549.45 rupees, highest since mid-July

** Engineering goods maker wins order worth $11.7 mln to manufacture evaporators

** MAZD did not disclose details about the firm that has placed the order

** Nearly 100,000 shares traded, ~11x the 30-day avg

** Stock up 15% YTD

(Reporting by Nishit Navin)

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Nov 7 (Reuters) - Mazda Ltd MAZD.NS:

• TO CONSIDER SUB-DIVISION OF SHARES

Source text: ID:nBSE8QRZ7w

Further company coverage: MAZD.NS

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** Shares of Mazda Ltd MAZD.NS fall 10% to 1,284 rupees, lowest since June 4

** Industrial machinery and equipment maker reported a 62% fall in Q1 PAT, rev from ops down 29%

** More than 36,000 shares change hands, 1.6x its 30-day avg

** Day's falls chop YTD gains so far, down 3% for the year

(Reporting by Ashna Teresa Britto in Bengaluru)

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Adds more comments and context

TOKYO, June 4 (Reuters) - Japan will continue to closely watch the foreign exchange market and take all measures against disorderly currency moves, Finance Minister Shunichi Suzuki said on Tuesday after acknowledging that Tokyo had intervened recently to stem yen weakness.

Suzuki's comments followed the release on Friday of Ministry of Finance data showing authorities spent 9.79 trillion yen ($62.2 billion) intervening in the market to support the yen over the past month, showed.

"The intervention was conducted to address excessive volatility driven by speculative moves in the currency market," Suzuki said, speaking at a regular post-cabinet meeting news conference.

"We believe it had a certain effect from this standpoint," he said, the first time Japanese officials have publicly confirmed that Tokyo had intervened in the currency market late in April and early May.

"The government will continue to closely monitor developments in the foreign exchange market and take all possible measures," the finance minister added.

Asked about a widening safety test scandal that now forced Toyota Motor 7203.T and Mazda 7261.T to halt shipments of some vehicles, Suzuki said he was concerned about potentially large auto production cuts in the future.

"The halt of automobile production has a very large impact on the Japanese economy," he said, noting that previous production halts had negatively impacted first quarter gross domestic product growth.

"We will closely monitor how the impact would widen."

(Reporting by Makiko Yamazaki and Satoshi Sugiyama; Editing by Jacqueline Wong and Shri Navaratnam)

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