Toyota ranks last in top 10 carmakers for decarbonization efforts

A Toyota bZ4X all-electric SUV is displayed during the 2021 LA Auto Show in Los Angeles in November. | REUTERS

Japan’s three biggest carmakers rank the lowest among global auto companies when it comes to decarbonization efforts, according to a study by Greenpeace, as the climate crisis intensifies the need to shift to zero-emission vehicles. While the European Union has taken steps to ban the sale of new combustion-engine vehicles by 2035, and China has

Honda and LG set to build $4.4 billion EV battery plant in U.S.

Honda Accord vehicles during production at the Honda of America Manufacturing plant in Marysville, Ohio | BLOOMBERG

Honda and South Korean battery maker LG Energy Solution will spend $4.4 billion to build a new battery plant in the United States as the Japanese carmaker seeks to phase out fossil-fuel vehicles completely by 2040. The facility will have an annual capacity of about 40 gigawatt-hours with mass production slated to start at the

Suzuki drives deeper into India with global R&D unit

India's Prime Minister Narendra Modi (left) speaks with Suzuki Motor's former chairman Osamu Suzuki during an event to commemorate 40 years of Suzuki in India, in Gandhinagar, India, on Sunday.  | REUTERS

GANDHINAGAR, India – Suzuki Motor will set up a global research and development company in India, its president said Sunday, pushing deeper into a market that is set to become an electric vehicle hub for the carmaker. The new company, a wholly owned unit of Suzuki in Japan, will strengthen the carmaker’s R&D competitiveness and

Toyota and Subaru shares drop on ’embarrassing’ recalls of first EVs

A Toyota bZ4X all-electric SUV is displayed during the 2021 LA Auto Show. | REUTERS

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,

Weak yen helps Honda’s annual profit but fails to lift outlook

Honda’s annual output was 4.1 million units for the fiscal year that ended March 2022, marking a third-straight annual decline. | BLOOMBERG

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

Toyota to launch first dedicated EV for luxury Lexus brand in late 2022

Toyota Motor Corp.'s first dedicated battery electric car for its upscale Lexus brand, the RZ. | TOYOTA MOTOR CORP. / VIA KYODO

Toyota Motor Corp. said Wednesday it will start globally launching its upscale Lexus brand’s first dedicated battery electric vehicle from late this year in a sport utility body style. The RZ model, based on the same chassis of Toyota’s first EV-only bZ4X but carrying more powerful motors, will have a range of 450 kilometers on

Japan’s traffic law revised to add rules for next-gen vehicles

A test run of a self-driving electric vehicle is conducted on a public road in Nagoya on Aug. 18. | KYODO

The Japanese government passed a bill Tuesday to introduce new rules for next-generation mobility, such as unmanned self-driving vehicles, automated delivery robots and electric kick scooters. The bill to revise the current road traffic law was approved at a plenary meeting of the House of Representatives, the lower chamber of the Diet, following its passage

The EV revolution comes to Volkswagen’s retro vans

With organic paint and vegan leather, the Volkswagen ID Buzz electric microbus stays true to its hippie roots. | BLOOMBERG

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

Panasonic’s April-December net profit up on brisk sales of EV batteries

The sale of batteries for electric vehicles has helped to boost Panasonic's recent profits. | REUTERS

In a time of both false information and too much info, quality journalism is more crucial than ever.By subscribing, you can assist us get the story. SUBSCRIBE NOW Panasonic, electric automobiles. Source link. KEYWORDS. Panasonic Corp. reported on Wednesday a net earnings of ¥ 195.63 billion ($ 1.70 billion) in the April-December duration, up 50.3%

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