Global Energy and Automotive News, Trends & Expert Analysis June 02, 2025 Gas @ $3.70/MMBtu
London, June 02, 2025 (Oilandgaspress) –- OPEC+ agreed to surge oil output for the third month in a row despite reservations from key member Russia, doubling down on a historic policy shift that has sent crude prices sinking.
Oil-producing nations led by Saudi Arabia agreed during a video conference on Saturday to add 411,000 bpd to the market in July, according to a statement on the group’s website. The hike matches increases scheduled for May and June, marking a radical reversal from defending prices to actively driving them lower. Officials say the supply hikes reflect Saudi Arabia’s desire to punish over-producing members like Kazakhstan and Iraq, recoup market share lost to U.S. shale drillers and other rivals, and satisfy President Donald Trump’s desire for cheaper oil.
They offer relief to consumers as the northern hemisphere goes into its peak demand season, while also helping central banks grappling with stubborn inflation. Yet the market impact creates financial peril for oil producers around the world, which could be facing a period of prolonged low prices. . . Read More
Canadian wildfires halt oil sands production wildfires that have prompted evacuations from oil sands projects in northern Alberta and forced thousands of people from their homes.
A fire near Cold Lake, Alberta is bearing down on oil sands operations and curtailing production in the region as employees are told to leave. Out-of-control fires in Alberta, Saskatchewan and Manitoba are threatening towns and mining operations as crews fight to contain the blazes.
Canadian Natural Resources Ltd., the largest oil and gas producer in the country, said Saturday it had evacuated workers from its Jackfish 1 oil sands project and halted 36,500 bpd of bitumen production.
“All workers are safe and accounted for with no reported injuries,” the Calgary-based company said in a statement.
Aker Solutions’ autonomous drones pass crucial milestone Aker Solutions has successfully installed an autonomous drone system on Aker BP’s Edvard Grieg platform in the North Sea, enabling frequent, remote inspections from shore.
The company recently completed the first offshore beyond-visual-line-of-sight (BVLOS) drone operation, piloted from its onshore control center in Stavanger. The inspection flight was carried out using an installed drone on Aker BP’s Edvard Grieg platform.
The drone is equipped with autonomous navigation capabilities and advanced sensors, collecting high-resolution imagery and data during its inspection rounds. The flight marks a major step toward fully autonomous offshore inspections.
“We believe autonomous drones will revolutionize how inspection and maintenance are performed in the energy industry. Permanently deploying a drone on an oil platform — combined with robotics, AI, and digital technologies takes offshore maintenance to a new level, improving safety, reducing costs, and increasing efficiency across offshore asset management,” said Anja Dyb, SVP Life Cycle Services, Aker Solutions.
The drone system on Edvard Grieg includes a drone docking station offshore and supporting infrastructure. Aker Solutions has also developed software systems and set up an onshore control room. The solution includes airspace and AIS monitoring, two-way communication with the Helicopter Landing Officer (HLO) aviation management, and platform leadership.
“Aker BP’s operational strategy is based on the assumption that robotics and drones will be an integral part of observation, inspection and task executions offshore. These technologies will operate autonomously or remotely, either on-site or from land. The successful remote-controlled offshore drone operation at the Edvard Grieg platform, executed by Aker Solutions, is an important milestone for Aker BP as well,” says Thomas Øvretveit, Director of Operations at Aker BP.
Autonomous drones, combined with AI-powered analytics, make it possible to perform frequent and highly accurate inspections. The drone takes consistent, precisely positioned images and videos, allowing for regular monitoring of equipment over time. This enables faster detection of wear, corrosion, and other issues — so maintenance can take place before problems grow.
Aker Solutions awarded contract for BalWin2 offshore wind project Aker Solutions has signed a significant contract with Dragados Offshore to deliver the steel substructure for the 2GW HVDC converter station for the BalWin2 offshore wind grid connection system in Germany, developed by Amprion Offshore GmbH. With this contract award, Dragados has exercised the option for the second HVDC converter station for the BalWin development in Germany. Fabrication of the HVDC substructures will be executed by Aker Solutions’ yard in Verdal, Norway. At its peak, the project will employ over 450 people. For Aker Solutions, the scope involves procurement, fabrication engineering and construction of the offshore HVDC converter platform substructure. Preparation will commence Q1 2026, while construction is scheduled to begin in Q1 2027, with delivery in 2029. Aker Solutions will book the award as order intake in the second quarter of 2025 in the Renewables and Field Development segment.
Notification under Chapter 9, Section 10 of the Finnish Securities Market Act Neste Corporation has today received a notification under Chapter 9, Section 10 of the Finnish Securities Market Act (FSMA). According to the notification, the aggregate holdings including financial instruments according to SMA 9:6a owned by BlackRock and the entities referred to therein have on 30 May 2025 decreased to below 5% of the total number of shares and voting rights of Neste Corporation. The share stock of Neste Corporation consists of 769,211,058 shares, each entitling one vote.
Neste’s NAPCON technology divestment to Lummus Technology completed Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel, announced on 23 April 2025 its plan to divest its proprietary technology NAPCON to Lummus Technology. The divestment has now been completed. NAPCON covers solutions in the field of interactive operator training simulators and game-aided learning systems, real-time process optimization, AI based process predictors and real-time process information gathering, monitoring and analytics. NAPCON products have been continuously developed to meet the high demands in process safety, profitability and competitiveness of production assets.
New Report Reveals UK Shipping Industry’s Vital Role in Powering Global Trade Launched today in Parliament, a landmark report “The Value of Shipping 2025” from the UK Chamber of Shipping—reveals the powerful economic, social, and environmental contributions of the shipping industry to the UK.
The report shows that:
•The UK shipping industry employs over 98,000 people directly and supports over 728,000 jobs across the wider economy.
•The industry contributes £16.1 billion in direct GVA and supports £46.2 billion in GVA across the broader economy.
•Approximately 100,000 vessels call at UK ports each year—equivalent to one port call every five minutes, 24/7, 365 days a year.
The report underscores the essential role of shipping in the UK economy—supporting the supply of critical materials, energy, and food; facilitating exports of pharmaceuticals, cars, and manufactured goods; connecting British enterprise with global markets; and enabling the UK’s green energy transition.
Additional key findings include:
•The UK shipping industry has grown by 7% annually since 2019, outpacing all other transport modes.
•The industry’s direct GVA rose to £16.1 billion in 2023, up 64% from £9.8 billion in 2019.
•The sector’s total economic impact increased from £26 billion in 2019 to £46.2 billion in 2023.
Ovation Data Sounds the Alarm in New White Paper – Data Neglect Threatens Businesses and Society Ovation Data, a leader in data management and digital transformation, warns that neglecting data risks losing valuable insights forever and offers practical advice to address this in its plain-speaking white paper launched today. The paper, titled From Forgotten Archives to Business Value: The Case for Clean, Structured Data in a World of Digital Clutter, makes a compelling case for why organisations across industries must prioritise data readiness to stay competitive and efficient. It also highlights the societal risks of failing to act.
According to Gregory Servos, Executive Chairman of Ovation Data, failing to preserve and organise data poses a significant threat to progress. He explains, “As society increasingly relies on AI and machine learning to drive innovation, the importance of clean, structured, accessible data has never been greater. Yet, without prioritising data preservation, we risk a loss as profound as the destruction of the Library of Alexandria; valuable knowledge will be lost forever, setting back progress for generations. It’s unacceptable that 80% of historical data still sits on shelves, unused and forgotten, while powerful technologies struggle to deliver their potential. We must act now to ensure society can fully benefit from this immense resource.”
The pressure to optimise data is mounting as organisations face challenges related to AI readiness, regulatory compliance, and operational agility. Despite this, many companies still struggle with fragmented, unstructured, and poorly documented data, limiting strategic decision-making and efficiency.
Servos adds, “Organisations that are serious about staying competitive must rethink their approach to data. Simply collecting and storing information isn’t enough – companies need clean, structured data that is ready for analysis and integration. Our white paper demonstrates how structured data can transform business operations, reduce risk, and foster innovation.”
Drawing on five decades of expertise in data-intensive industries such as energy, heritage, and life sciences, Ovation Data’s white paper presents real-world examples of companies transforming data chaos into clarity, creating a valuable strategic asset that boosts efficiency and evidence-based decision-making.
New performance flagship of the Bentayga line-up .The new Bentayga Speed is the most powerful, most dynamic and most exhilarating Bentley SUV yet. It eclipses even its acclaimed W12-engined predecessor, delivering increased power and performance along with the most dynamic chassis set-up ever offered on a Bentayga – including, for the first time, the ability to generate on-throttle slip angles in Bentley’s pinnacle performance SUV.
At its heart is a new twin-turbo 4.0-litre V8 engine that produces 650 PS and 850 Nm of torque. This new powertrain is capable of accelerating Bentley’s SUV performance flagship from 0-62 mph in just 3.4 seconds and delivers a top speed of 193mph (310km/h)*. The new Bentayga Speed also features significant advances in dynamic capability – with an enhanced SPORT chassis mode and a new ESC Dynamic setting that brings maximum driver involvement and the choice between enhanced road-holding or the ability to slide the car on-power. The new chassis set up and powerful engine confirm the Bentayga Speed’s position as a new performance pinnacle for the luxury SUV.
New 4.0-litre twin-turbo V8 and a thrilling soundtrack
The Bentayga Speed’s new 4.0-litre twin-turbo V8 engine delivers exceptional performance, with peak power of 650 PS / 641 bhp / 478 kW and a 0-60 mph time of just 3.4 seconds. These figures comprehensively surpass those of the Bentayga V8 S (4.4 seconds) as well as the 3.9 second mark set by the previous W12-engined Bentayga Speed. Peak torque of 850 Nm (627 lb.ft) is delivered between 2,250-4,500 rpm, with the characteristic Bentley “torque plateau” delivering the effortless wave of acceleration that’s a constant of Bentley performance.
The engine isn’t just more powerful than its predecessors – it’s also more characterful. As standard the Bentayga Speed is fitted with a Sports exhaust system, which delivers a rich, powerful engine note that complements the eager character of the High Powered V8 and promotes a deep sense of driver engagement. This exhaust can be distinguished externally by two elliptical tailpipes emerging through the rear diffuser. For an even more thrilling soundtrack, the optional Titanium Akrapovic Exhaust accentuates the power, drama and potency of the V8, with its aural expression of the performance that awaits at the merest flex of the throttle. This system features quad tailpipes.
Enhanced dynamic capabilities
Of the three driving modes available to drivers of the new Bentayga Speed, both COMFORT and BENTLEY modes remain unchanged in calibration compared with other Bentayga models, to retain exceptional day-to-day and grand touring competency. SPORT mode however is significantly enhanced, delivering increased steering response, roadholding and driver connection, enhanced by a 15% increase in suspension damping stiffness. Enhanced SPORT mode enables the driver to exploit the power of the V8 engine more fully when cornering and to experience the exceptionally agile turn-in capabilities of brake torque vectoring.
Dana Incorporated to Participate in the UBS Auto and Auto Tech Conference Dana Incorporated (NYSE: DAN) announced today it will participate in the UBS Auto and Auto Tech Conference on June 4. Beginning at 11:20 a.m. EDT, Dana’s Chairman and Chief Executive Officer R. Bruce McDonald and Senior Vice President and Chief Financial Officer Timothy Kraus will host a fireside chat for approximately 40 minutes.
Equinor’s board of directors In a meeting in the corporate assembly of Equinor ASA on 2 June 2025 Dawn Summers was elected as a new member of the board of directors of Equinor ASA.
The corporate assembly re-elected Jon Erik Reinhardsen as chair and Anne Drinkwater as deputy chair of the board, in addition to re-election of Finn Bjørn Ruyter, Haakon Bruun-Hanssen, Mikael Karlsson, Fernanda Lopes Larsen and Tone Hegland Bachke as members of the board of directors. The current member, Jonathan Lewis will resign from the board of directors as of 30 June 2025. Dawn Summers is elected as a new member of the board of directors of Equinor ASA.
The election of the shareholder representatives to the board of directors of Equinor ASA enters into effect from 1 July 2025, with the exception of Dawn Summers who is elected with effect from 1 September 2025, all with effect until the ordinary election of shareholder-representatives to the board of directors in June 2026.
Baker Hughes, Cactus Create Joint Venture for Surface Pressure Control Services Baker Hughes, an energy technology company, announced Monday an agreement to form a new joint venture with a subsidiary of Cactus, Inc., in which Baker Hughes will contribute its surface pressure control (SPC) product line. Cactus, a global manufacturer and service provider of pressure control equipment for oil and gas drilling, completion and production, will assume operational control, owning 65% of the joint venture, while Baker Hughes will retain a 35% stake.
The joint venture will operate independently from Cactus’ existing Pressure Control business and will focus on maintaining its leadership position in the international market for surface wellhead and production tree systems.
This targeted portfolio refinement is aligned with Baker Hughes’ focus on enhancing the durability of earnings and cash flow and will enable the company to reallocate capital toward higher-return opportunities, all while maintaining a strategic and disciplined approach to capital deployment.
“This transaction marks an important step in our ongoing portfolio optimization strategy, enabling us to sharpen our focus on core growth areas while continuing to drive higher returns, reinforcing our commitment to long-term value for our shareholders,” said Baker Hughes Chairman and CEO Lorenzo Simonelli. “We remain committed to our valued SPC partners and customers whose operations we have proudly supported, and we believe this joint venture only enhances delivery of innovation and reliability in well control as the combined business will leverage Cactus’ unconventional expertise and agility into international markets.”
The closing of the transaction is subject to customary conditions, including regulatory approvals, and is expected to close in the second half of 2025.
Dragoon Selects Teledyne FLIR OEM Prism Software Teledyne FLIR OEM, part of Teledyne Technologies Incorporated announced Dragoon is using the Prism™ Supervisor and Prism SKR software for its AI-driven object detection, tracking, real-time autonomy flight control, and mission planning capabilities within its long-range unmanned platform prototypes under Project Artemis, a Defense Innovation Unit (DIU) initiative.
Project Artemis is a program designed to evaluate and deploy long-range loitering munitions capable of operating in highly contested electromagnetic environments and in large numbers. Dragoon is one of four organizations within Project Artemis tasked to demonstrate low-cost, adaptable, long-range, unmanned aerial systems (UAS) platforms with the potential to maximize operational flexibility.
“The integration of Dragoon’s Cinder unmanned aircraft—our low-cost, long-range platform—and Teledyne FLIR’s OEM Prism software unlocks new, highly autonomous mission capabilities in complex environments,” said Jason Douglas, co-founder of Dragoon Technology. “By combining our platform and payload with Teledyne FLIR’s autonomy, we offer an ideal solution for the DIU Artemis project.”
Prism SKR is a best-in-class automatic target recognition (ATR) software providing a drop-in solution for the FLIR Boson® thermal camera module that optimally addresses the seeker requirements for the Dragoon UAS platform. It operates efficiently at the edge on low-power embedded processors and is compatible with both infrared (IR) and visible camera data. Prism SKR provides real-time target position, identification, direction of motion, and aim-point localization, guiding the platform’s autonomous flight system for various operations.
In combination, Prism Supervisor further enhances mission readiness by providing end-to-end autonomy and mission oversight. It seamlessly integrates with Dragoon’s onboard autopilot system to support real time decision-making capabilities and an intuitive mission-planning interface. The advanced autonomy in Prism Supervisor closes the loop between the on-board navigation subsystem and real-time AI-based observations to enhance UAS operational capabilities while reducing operator intervention and workload.
Teledyne FLIR OEM and AerialOGI Launch Industry-First OGI Camera Module Teledyne FLIR OEM, part of Teledyne Technologies Incorporated (NYSE: TDY), is collaborating with AerialOGI, a leader in optical gas imaging technology (OGI), under the Thermal by FLIR program to launch the AerialOGI-N today. AerialOGI-N is the industry’s first OGI camera module to offer twoclick connection to both a handheld and drone gimbal, saving inspectors time and money while providing the ability to detect fugitive gas emissions from the ground or air.
Featuring the Teledyne FLIR OEM Neutrino® LC OGI 640×512 resolution midwave infrared (MWIR) camera core, the AerialOGI-N can detect and quantify more than 25 greenhouse gases in real time, including methane and other volatile organic compounds (VOCs). It is available on seven industrial drone airframes, including the NDAA-compliant Arcsky X55, which provides an industry-leading flight time of up to 45 minutes
on battery power or up to two hours in hybrid mode.
“The launch of AerialOGI-N marks a significant milestone in VOC detection and quantification technology,” said Eric Olsen, partner and founder, AerialOGI. “This innovative and flexible OGI module, combined with our AerialOGI Reporting Tool software, empowers gas inspection professionals to enhance inspection efficiency and reduce emissions and costs.”
The AerialOGI-N utilizes an advanced gas-detection algorithm that leverages high-resolution data from the Neutrino LC OGI. It provides real-time in-flight data processing and reporting at the edge. With features including one-button leak event capture, the system passes actionable data directly to leak detection and repair (LDAR) software, empowering professionals to conduct thorough inspections and leak mitigation while
minimizing time, cost, and environmental impact.
Volvo Trucks wins prestigious design award Volvo Trucks new model for the North American market – the all-new Volvo VNL – has earned the 2025 Red Dot Award for Product Design in the commercial vehicles category. The Red Dot Award is globally regarded as one of the most sought-after seals of quality for outstanding design, and this year a heavy-duty truck has taken the honors. The all-new Volvo VNL was reengineered by Volvo Trucks through six years of intensive research and dedicated product development.
Volvo VNL for long haul was introduced in January 2024 and represents a 90% redesign from previous models. It features hundreds of new enhancements to drive productivity, safety, profitability, and sustainability for trucking companies, while transforming the driver experience with noticeable design enhancements that make life on the road easier and better. With its dynamic lines, optimized aerodynamics, curved windshield, and wedge-shaped profile, the exterior design signals a significant industry shift and reflects the Volvo brand strengths in a visually striking way. Aesthetically, the elevation pattern echoes throughout the entire product, starting with the distinct angled front grille, headlights and intakes.
Inside the cabin, the driver-focused interior introduces an all-new 24-volt electrical architecture that brings industry-leading features such as dynamic displays, a Camera Monitor System, inductive charging, task/ambient lighting, and comfort and storage amenities. The customizable cab and sleeper configurations, along with the innovative versatile bunk setup, provide flexibility for driving teams and customer needs.
Dolphin Drilling – Extension of Waiver and Payment Deferral .Dolphin Drilling AS (Dolphin Drilling AS, OSE: DDRIL): Reference is made to previous stock exchange announcement by the company dated April 30, 2025, and May 4, 2025, with respect to certain waivers and payment deferrals under its existing USD 65 million facility agreement dated December 22, 2023 with security inter alia over the rig “Paul B Lloyd Jr.” (the “Secured Facility”).
Reference is further made to stock exchange announcement of yesterday regarding the successful private placement of new shares in the company for gross proceeds of approximately NOK 297,644,400, equivalent to approximately USD 29 million (the “Private Placement”).
In contemplation of the consummation of the Private Placement, the company has today entered into an updated amendment to the Secured Facility providing for continued amortisation relief of the instalments payable in April 2025, May 2025 and June 2025, waiver of the market capitalisation covenant and waiver of certain other requirements under the Secured Facility until July 31, 2025, subject to consummation of the Private Placement and certain transactions contemplated thereby on or before such date.
Opec countries reaffirm commitment to market stability on current healthy oil market fundamentals The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 31 May 2025, to review global market conditions and outlook.
In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on 5 December 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from 1 April 2025, the eight participating countries will implement a production adjustment of 411 thousand barrels per day in July 2025 from June 2025 required production level. This is equivalent to three monthly increments as detailed in the table below. The gradual increases may be paused or reversed subject to evolving market conditions. This flexibility will allow the group to continue to support oil market stability.
The eight OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation. The eight countries reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation, including the additional voluntary production adjustments that were agreed to be monitored by the JMMC during its 53rd meeting held on April 3rd 2024.
They also confirmed their intention to fully compensate for any overproduced volume since January 2024. The eight OPEC+ countries will hold monthly meetings to review market conditions, conformity, and compensation. The eight countries will meet on 6 July 2025 to decide on August production levels.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $62.92 | Up |
| Crude Oil (Brent) | USD/bbl | $64.92 | Up |
| Bonny Light 28/05/25 CBN | USD/bbl | $66.18 | — |
| Dubai | USD/bbl | $63.65 | — |
| Natural Gas | USD/MMBtu | $3.70 | Up |
| Murban | USD/bbl | $65.06 | Up |
| OPEC basket 30/05/25 | USD/bbl | $63.18 | Down |
J.D. Power 2025 U.S. OEM EV App Report Hyundai’s MyHyundai with Bluelink app has been named the top mass-market electric vehicle mobile application in the J.D. Power 2025 U.S. OEM EV App Report. With a score of 820 out of 1,000, Hyundai’s app not only led the study’s mass-market rankings, it exceeded the segment average by 108 points, underscoring the brand’s ongoing commitment to delivering a simple, seamless, and intelligent digital experience for EV owners. This is the second year in a row Hyundai has topped the study’s rankings.
Hyundai IONIQ 9 Celebrates First Delivery of Its Flagship Electric SUV The IONIQ 9 redefines what an electric SUV can be, blending bold aerodynamics, ultra-fast charging, and an EPA-estimated range of up to 335 miles into a spacious, tech-forward interior. Built at the Hyundai Motor Group Metaplant America (HMGMA), the IONIQ 9 delivers premium comfort and innovation from the inside out.
“We are thrilled to see the IONIQ 9 begin its journey with the Maynards,” said Michael Orange, vice president, national sales, Hyundai Motor America. “This moment symbolizes not just a delivery, but a commitment to innovative, sustainable, and connected driving for everyone.”
The delivery coincides with Hyundai’s national marketing campaign, “Space to Connect,” which highlights the IONIQ 9’s role in redefining family mobility and digital lifestyle integration. Building on the success of the IONIQ 5 and IONIQ 6, the IONIQ 9 is built to belong, providing families with a versatile and stylish EV solution.
TotalEnergies and RGE Reach New Milestone in Large-Scale Solar and Battery Storage ProjectTotalEnergies and RGE, a group operating in the bio-based resources and energy sectors, are pleased to announce that Singapore’s Energy Market Authority (EMA) has awarded their equally-owned joint venture Singa Renewables (“Singa”) a conditional licence to import 1 GW of renewable power from Indonesia. Today, the partners also signed a Memorandum of Understanding with Singapore Energy Interconnections (SGEI) to jointly develop a subsea interconnector, enabling electricity imports from Indonesia to Singapore.
The partners had previously signed a Co-Investment Agreement to develop, build and operate a hybrid renewable power plant comprising a solar farm, Battery Energy Storage System (BESS), and a subsea cable in Riau Province, Indonesia, during an official ceremony in Jakarta on May 28th, 2025, in the presence of French President Emmanuel Macron and Indonesian President Prabowo Subianto.
A flagship initiative for the decarbonization of local industries
The project will supply Clean Firm Power to energy-intensive consumers in Singapore and to industrial complexes near the solar site in Riau Province, Indonesia. Throughout the project’s development, the partners will harness TotalEnergies’ global expertise in large-scale energy projects while leveraging RGE’s wide footprint in Indonesia and Singapore.
Baker Hughes Rig Count: U.S. -3 to 563 Canada -2 to 112
U.S. Rig Count is down 3 from last week to 563 with oil rigs down 4 to 461, gas rigs up 1 to 99 and miscellaneous rigs unchanged at 3.
Canada Rig Count is down 2 from last week to 112, with oil rigs down 2 to 69, gas rigs unchanged at 43 and miscellaneous rigs unchanged at 0.
| Region | Period | Rig Count | Change |
| U.S.A | 31 May 2025 | 563 | -3 |
| Canada | 31 May 2025 | 112 | -2 |
| International | April 2025 | 891 | -8 |
Tata Motors registered total sales of 70,187 units in May 2025 VTata Motors Limited sales in the domestic & international market for May 2025 stood at 70,187 units, compared to 76,766 units during May 2024.
Total CV Sales of 28,147 units, -5% YoY
Total PV Sales of 42,040 units, -11% YoY
Domestic Sales Performance:
| Category | May 2025 | May 2024 | % change (Y-o-Y) |
|---|---|---|---|
| Total Domestic Sales | 67,429 | 75,173 | -10% |
Commercial Vehicles:
| Category | May 2025 | May 2024 | Growth (Y-o-Y) |
|---|---|---|---|
| HCV Trucks | 7,106 | 7,924 | -10% |
| ILMCV Trucks | 4,954 | 4,478 | 11% |
| Passenger Carriers | 4,748 | 4,737 | 0% |
| SCV cargo and pickup | 9,064 | 11,337 | -20% |
| CV Domestic | 25,872 | 28,476 | -9% |
| CV IB | 2,275 | 1,215 | 87% |
| Total CV | 28,147 | 29,691 | -5% |
Domestic sale of MH&ICV in May 2025, including trucks and buses, stood at 12,406 units, compared to 12,987 units in May 2024.
Total sales for MH&ICV Domestic & International Business in May 2025, including trucks and buses, stood at 13,614 units compared to 13,532 units in May 2024.
Passenger Vehicles:
| Category | May 2025 | May 2024 | Growth (Y-o-Y) |
|---|---|---|---|
| Total PV Domestic (includes EV) | 41,557 | 46,697 | -11% |
| PV IB | 483 | 378 | 28% |
| Total PV (includes EV) | 42,040 | 47,075 | -11% |
| EV (IB + Domestic) | 5,685 | 5,558 | 2% |
Includes sales of Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited, both subsidiaries of Tata Motors Limited.
International Volkswagen Bus Day with restoration of California wildfires T2 bus .Volkswagen of America celebrates the third annual International Volkswagen Bus day, a National Day Calendar-recognized holiday, with the announcement of a very special project; the restoration of the white-over-blue T2 that miraculously escaped destruction from January’s 2025 Palisades Fire of Southern California.
Now referred to by many as the “magic bus”, the T2 gained notoriety when an AP photograph and subsequent news article showed it seemingly unscathed in a Malibu neighborhood ravaged by fire.
“Like the rest of the world, we couldn’t believe our eyes,” said Mark Gillies, Director of Public Relations and Reputation for Volkswagen Group of America. “But regardless of how good it looked in photos, we knew it was in dire need of a check-up.”
Volkswagen of America contacted the vehicle’s owner, Megan Krystle Weinraub—who refers to her bus as “Azul”—about assessing its condition and determining whether it was still in road-worthy condition. If not, VW offered to restore Azul to pre-fires form if deemed possible. “Getting that call was such a relief,” said Weinraub. “I knew Azul was becoming a symbol of hope and that people wanted to see more of her, but I had so much to work through at the time that I wasn’t sure how to approach it.”
After receiving proper clearances to enter the Malibu neighborhood, Azul was loaded onto a transport bound for Volkswagen’s Oxnard Campus, approximately 35 miles northwest. The Oxnard facility houses and maintains VWoA’s collection of historic vehicles—making it an ideal destination for Azul’s check-up and restoration.
On careful examination, Volkswagen team members determined that while Azul’s “good side” was indeed impressive, the bus would require extensive mechanical fixes and bodywork to be fully operable. Work on the restoration has now begun and is expected to be completed later this year.
Volkswagen recognizes the importance of supporting the California community as it continues to rebuild from the devastation caused by the most recent fires. In February, the brand pledged a monetary donation to the California Fire Foundation, a 501(c)(3) non-profit organization, to support first responders and their families around the state.
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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