Toyota Motor shares slipped after it recalled some of its first mass-made all-electric cars, launched two months ago, because of a risk of wheels coming loose, a setback to its ambitions to electrify its model range. Toyota, the world’s largest automaker by sales, said on Thursday it would recall 2,700 bZ4X SUVs globally. Subaru Corp,
Six of Japan’s seven major automakers fared well on their consolidated bottom lines in fiscal 2021, benefiting from the yen’s weakening, according to earnings reports. Industry leader Toyota Motor Corp. reported a record net profit of ¥2.85 trillion in the year to March, up 26.9% from the preceding year. Net profit grew 7.6% to ¥707
Honda Motor Co. issued an annual operating profit outlook that fell short of analysts’ projections, reflecting the impact of higher raw material costs and production disruptions caused by war, China’s COVID-19 lockdowns and a persistent global shortage of semiconductors for automobiles. Operating profit for the fiscal year through March 2023 will be ¥810 billion ($6.3
It took nearly 20 years, a step-change in driving technology, a diesel emissions scandal and a geopolitical gas crisis, however the Volkswagen bus is back, baby.Volkswagen pulled the cover off the retro-bus Wednesday, a battery-powered van awkwardly dubbed the ID Buzz. American chauffeurs will not be able to move into one until 2024, however rest
In a time of both misinformation and too much information, quality journalism is more crucial than ever.By subscribing, you can help us get the story. SUBSCRIBE NOW. Source link. IMAGE GALLERY (CLICK TO ENLARGE). Renault SA and Nissan Motor Co. described a $26 billion electrification strategy that will deepen ties within the having a hard
