Autos & Transportation · 5:21 AM UTCToyota lifts annual profit outlook on a weaker yenToyota Motor Corp reported a better-than-expected 48% rise in se…

The Toyota logo is seen on the bonnet of a newly launched Camry Hybrid electric vehicle at a hotel in New Delhi, India, January 18, 2019. REUTERS/Anushree Fadnavis TOKYO, Nov 4 (Reuters) – Toyota Motor Corp (7203.T) reported a better-than-expected 48% rise in second-quarter operating profit and raised its earnings outlook on Thursday as it… Continue reading Autos & Transportation · 5:21 AM UTCToyota lifts annual profit outlook on a weaker yenToyota Motor Corp reported a better-than-expected 48% rise in se…

Toyota ranked one of worst major automakers for emissions efforts

“Toyota, the world’s number-one car seller last year, is the most stubborn in holding onto internal combustion engines,” said Ada Kong, senior project manager of the auto industry campaign at Greenpeace East Asia. The world’s top-selling carmaker Toyota has come joint last in a Greenpeace ranking of carbon emission efforts by auto firms, according to… Continue reading Toyota ranked one of worst major automakers for emissions efforts

Biden’s EV subsidy plan draws ire of Japan and European automakers

NEW YORK/WASHINGTON — Japanese and European automakers have cried foul over Washington’s plans to subsidize electric vehicles made by union labor, declaring that the treatment would amount to a two-tiered system favoring a select group of manufacturers. The Biden administration and Democratic lawmakers look to finalize a scheme that would grant a $4,500 tax credit… Continue reading Biden’s EV subsidy plan draws ire of Japan and European automakers

Autonomous delivery startup Nuro lands investment from Google, Tiger Global in new $600 million round

Nuro has raised $600 million in a fundraising round led by new investor Tiger Global Management, capital that the autonomous delivery startup will use to ramp up commercial operations. The funding has pushed Nuro’s valuation to about $8.6 billion — or some 72% higher than a year ago — according to people familiar with the… Continue reading Autonomous delivery startup Nuro lands investment from Google, Tiger Global in new $600 million round

Toyota announces the bZ4X: the carmaker’s first mass-produced electric vehicle

Electric vehicles Toyota announces the bZ4X: the carmaker’s first mass-produced electric vehicle New vehicle a change for Toyota, which has to date relied heavily on hybrid technology Get our free news app; get our morning email briefing Toyota has announced its bZ4X electric vehicle, expected to arrive in Australia by late 2022. Photograph: Toyota Toyota… Continue reading Toyota announces the bZ4X: the carmaker’s first mass-produced electric vehicle

October 2021 sales: PVs marred by supply constraints, 2Ws in red, CV sales improve

The top two carmakers of the Indian auto industry reported a fall in domestic sales ranging from 30 per cent. New Delhi: Diwali is here and so is hope for a better business for the automotive OEMs. Normally, the festive season sales account for about 40% of the annual vehicle sales. But this year the… Continue reading October 2021 sales: PVs marred by supply constraints, 2Ws in red, CV sales improve