Category: OEMs

@Toyota: 2nd Quarter of Fiscal year ending March 31,2022

Toyota Tsusho announced financial results for 2nd Quarter of Fiscal year ending March 31, 2022. Below are the main items of Consolidated Results based on IFRS. (Unit: Billion yen) FY2020 1-2Q FY2021 1-2Q Change Gross profit 262.2 363.4 +101.2 Operating profit 71.9 149.4 +77.5 Profit before income taxes 74.2 176.7 +102.5 Profit attributable to owners… Continue reading @Toyota: 2nd Quarter of Fiscal year ending March 31,2022

@Toyota: Toyota’s First U.S. Vehicle Plant Shifts Transformation into High Gear

$461 Million Investment, 1,400 Direct Jobs Helps Modernize Facility, Increases Production Flexibility And Supports Carbon Neutrality GEORGETOWN, Ky. (October 29, 2021) – You might think Toyota Kentucky (TMMK) has seen it all during its 35-year history. But today, Toyota announced a series of changes and projects that will boost the Georgetown plant’s transformation to meet… Continue reading @Toyota: Toyota’s First U.S. Vehicle Plant Shifts Transformation into High Gear

@Toyota: All-Electric bZ4X Production Model Announced in Japan

About Toyota Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships.   Toyota has created a tremendous value chain and directly employs more than 36,000 in the U.S.… Continue reading @Toyota: All-Electric bZ4X Production Model Announced in Japan

@BMW: Designworks Launches MATERIA: The Garden of Possibilities, Exploring the Future of Biomaterials.001554

Woodcliff Lake, NJ – October 29, 2021… Designworks, BMW Group’s strategic design consultancy, opened today MATERIA: The Garden of Possibilities — an immersive exhibit which explores the future potential of biomaterials and their possible applications in manufacturing.  MATERIA serves to underscore the BMW Group’s commitment to innovation, sustainability, and circularity by exploring environmentally friendly alternative… Continue reading @BMW: Designworks Launches MATERIA: The Garden of Possibilities, Exploring the Future of Biomaterials.001554

@Daimler: Daimler performance resilient in third quarter

Unit sales at Mercedes-Benz Cars & Vans decreased due to semiconductor shortage Group revenue of €40.1 billion (Q3 2020: €40.3 billion) at prior-year level EBIT of €3,579 million (Q3 2020: €3,070 million) Industrial free cash flow of €2,249 million (Q3 2020: €5,139 million) Net industrial liquidity of €23.5 billion (end of Q2 2021: €20.9 billion)… Continue reading @Daimler: Daimler performance resilient in third quarter

CEO says Volkswagen has ‘seen the worst’ of the chip shortage – CNN

CEO Herbert Diess told CNN Business on Thursday that the world’s second largest automaker has “seen the worst” of a chip shortage that badly dented its third quarter earnings. “We had really a challenging quarter,” Diess told Anna Stewart during an interview. “We have better [chip] supply now and hopefully months after months we can… Continue reading CEO says Volkswagen has ‘seen the worst’ of the chip shortage – CNN

Tesla’s groundbreaking influence in EV sector appreciated by VW and Ford CEOs – Teslarati

By Joey Klender Posted on October 28, 2021 Tesla’s groundbreaking influence in the electric vehicle sector has been recognized by Volkswagen AG CEO Herbert Diess and Ford CEO Jim Farley, who both recognized the automaker and CEO Elon Musk’s efforts as the benchmark for the sector. It is no secret Tesla and Musk have been… Continue reading Tesla’s groundbreaking influence in EV sector appreciated by VW and Ford CEOs – Teslarati

GM can ‘absolutely’ catch Tesla in EV sales by 2025, says CEO Mary Barra – CNBC

GM can ‘absolutely’ catch Tesla in EV sales by 2025, says CEO Mary Barra  CNBC Mary Barra Says GM Can Catch Up To Tesla In EV Sales By 2025  GM Authority GM CEO is confident they can catch up to Tesla by 2025, but we’re skeptical  Electrek Barra: GM Will “Absolutely” Catch Tesla In US EV Sales By… Continue reading GM can ‘absolutely’ catch Tesla in EV sales by 2025, says CEO Mary Barra – CNBC