NAGOYA — Toyota Motor now expects to pay an extra 1.7 trillion yen ($12.8 billion) in material costs this fiscal year, a sharply higher forecast than just a few months ago owing to a weak yen and the disruption from the war in Ukraine. Thursday’s new estimate for the year ending March 2023 is 20% higher than the projection… Continue reading Toyota earnings outlook clouded by $13bn cost increase, Lexus backlog
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Tokyo eyes flying-car landing pads atop skyscrapers
TOKYO — Mitsubishi Estate is readying for Japan’s first crewed flying-vehicle test flights in fiscal 2024, turning the rooftops of Tokyo high-rises it owns into takeoff and landing pads. The real estate developer has been picked as an operator of a Tokyo Metropolitan Government project, partnering with Japan Airlines as well as Kanematsu, a trading… Continue reading Tokyo eyes flying-car landing pads atop skyscrapers
Toyota shares fall 3% despite higher net profit forecast
TOKYO — Shares in Toyota Motors fell 3% on Thursday despite the carmaker raising its net profit forecast for the current fiscal year. The Japanese auto giant said it now expects a net profit of 2.36 trillion yen ($17.6 billion) for the year ending March 2023, down 17.2% from the previous year. The profit decline… Continue reading Toyota shares fall 3% despite higher net profit forecast
Industry Leader Buddy Frank says, “The fact that QCI built a functioning simulated casino to test their product is simply amazing.”
SAN DIEGO, Aug. 4, 2022 /PRNewswire/ — Quick Custom Intelligence (“QCI”) announced that they built a functioning simulated casino to test their product. QCI has built a virtual casino with card in card out, accounting data, jackpots, birthdays, 500,000 customers, 60 million ratings and real-time time updates. The simulated casino has been critical for delivering… Continue reading Industry Leader Buddy Frank says, “The fact that QCI built a functioning simulated casino to test their product is simply amazing.”
Orange EV Raises $35 Million to Scale EV Trucking Solutions
Led by S2G Ventures and CCI, the investment accelerates the EV trucking leaders’ innovation and expansion plans KANSAS CITY, Mo., Aug. 4, 2022 /PRNewswire/ — Orange EV, the EV industry-leading manufacturer with the most heavy duty zero-emission trucks in operation in the United States, today announced it has closed a $35 million institutional funding round… Continue reading Orange EV Raises $35 Million to Scale EV Trucking Solutions
Volkswagen’s US-made 2023 ID.4 EV will start at $37,495
VW might just buck the trend of ever-rising EV prices. The automaker has revealed that the 2023 ID.4 electric SUV will start at $37,495 before the destination fee ($1,295) and tax credits, or well under the $41,230 price of its predecessor. The trick, as you might guess, is a smaller battery. The base model (now… Continue reading Volkswagen’s US-made 2023 ID.4 EV will start at $37,495
‘Among Us VR’ beta signups are now open
Among Us is about to enter the realm of virtual reality. If you’re lucky, you might even be able to try Among Us VR before it’s officially released later this year. Signups are now open for the spin-off’s beta. As you might expect, Among Us VR shifts the action from a top-down perspective to a first-person view.… Continue reading ‘Among Us VR’ beta signups are now open
Instagram is expanding NFT features to more than 100 countries
The non-fungible token (NFT) market has fallen off a cliff, but that’s not stopping Instagram from doubling down on digital collectibles. After a test launch in May, the app is expanding its NFT features to more than 100 countries across Africa, Asia-Pacific, the Middle East and the Americas. Instagram users can include NFTs in their… Continue reading Instagram is expanding NFT features to more than 100 countries
Paramount+ hits 43 million subscribers as streaming rivals struggle
You might think a network-specific streaming services like Paramount+ doesn’t stand a chance in a grim market when even Netflix is floundering, but it’s apparently thriving. The company has revealed that Paramount+ added 3.7 million subscribers in the second quarter, with more than 43 million total users. And that’s after withdrawing from Russia — if… Continue reading Paramount+ hits 43 million subscribers as streaming rivals struggle
UK trials roadside van that detects if drivers are holding their phone
UK police are testing a roadside van that can detect whether a driver is holding a phone while they’re at the wheel. The three-month trial is being conducted in Warwickshire with the help of government-owned National Highways, which oversees motorways and major A roads in England. The test will help determine how the tech may… Continue reading UK trials roadside van that detects if drivers are holding their phone