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Shift to EV-only future would spell job losses, Toyota chairman warns

Akio Toyoda warns that a shift to electric vehicles could lead to job losses in Japan's automotive industry while Toyota promotes a diverse approach to carbon neutrality.

investing.com • 10/10/2024 - 07:50 AM

TM

Toyota to delay US EV production to 2026 amid slowing sales, Nikkei reports

Toyota Motor postpones EV production at its Kentucky plant to 2026 due to design changes and declining sales. Lexus electric SUVs production plans are also canceled.

investing.com • 02/10/2024 - 22:45 PM

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Ford reports weak US sales for third quarter

Ford reported weaker domestic vehicle sales growth due to affordability concerns, with overall sales slightly up but changes in consumer preferences impacting performance.

investing.com • 02/10/2024 - 13:18 PM

Joby Aviation surges as Toyota plans to invest $500 million in eVTOL company

Joby Aviation's shares soared after Toyota announced an additional $500 million investment to support the eVTOL aircraft maker's certification and production efforts.

investing.com • 02/10/2024 - 13:07 PM

TM

Toyota says built extra stock in anticipation of US port strikes

Toyota has bolstered vehicle and parts inventory ahead of significant U.S. port strikes while reporting an 8% drop in third-quarter vehicle sales due to economic pressures.

investing.com • 01/10/2024 - 15:42 PM

European automakers most at risk from US dockworkers strike, analysts say

The dockworkers strike at U.S. ports primarily impacts European automakers' imports, but potential industry-wide consequences loom. Companies are assessing and adapting to mitigate disruptions.

investing.com • 01/10/2024 - 15:38 PM

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US new vehicle sales in Q3 seen to be growing at weaker pace

U.S. auto sales are expected to grow slowly in Q3 due to inflation, higher costs, and consumer pressure, with expectations of a slight decline in overall new vehicle sales.

investing.com • 01/10/2024 - 10:04 AM

European carmakers warn on profits as sector grapples with weak demand, rising costs

Stellantis and other European automakers warn of declining demand and rising costs, affected by weak markets in China and the US, resulting in significant drops in stock values.

investing.com • 30/09/2024 - 10:50 AM

TM

Toyota to recall over 42,000 vehicles over loss of power brake assist, NHTSA says

Toyota recalls over 42,000 vehicles due to power brake assist failure, affecting 2023-2024 Corolla Cross Hybrid models and increasing crash risks.

investing.com • 27/09/2024 - 10:27 AM

TM

Toyota global output falls for 7th straight month in August

Toyota's global production fell 11% in August, continuing a seven-month decline due to a typhoon, a certification scandal, and a pause in U.S. SUV output.

investing.com • 27/09/2024 - 04:37 AM

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