BANGKOK — Automakers operating in Southeast Asia are moving in low gear as they bring plants back online after weeks of suspended production due to the coronavirus pandemic. Safety protocols and weak sales force them to proceed slowly in restarting operations. Since May, most Southeast Asian nations have been easing restrictions on business operations and people’s movements that were introduced to contain the outbreak.… Continue reading Carmakers in Southeast Asia are reluctant to hit the accelerator
Tag: Toyota
South Korea’s Hyundai Motor, LG Chem considering EV battery JV in Indonesia: source
SEOUL (Reuters) – South Korea’s Hyundai Motor Group and LG Chem Ltd (051910.KS) are considering establishing an electric vehicle (EV) battery cell manufacturing joint venture in Indonesia, a person familiar with the matter told Reuters on Tuesday. FILE PHOTO: An attendee takes a picture of the 2019 Hyundai Kona Electric vehicle being displayed at the… Continue reading South Korea’s Hyundai Motor, LG Chem considering EV battery JV in Indonesia: source
Press Releases – EU car sales forecast 2020: Record drop of 25% expected this year, says ACEA
Brussels, 23 June 2020 – In the light of the major economic crisis facing the auto industry due to COVID-19, the European Automobile Manufacturers’ Association (ACEA) has radically revised its 2020 forecast for passenger car registrations down to about -25%. This effectively means that the industry association expects car sales in the European Union to… Continue reading Press Releases – EU car sales forecast 2020: Record drop of 25% expected this year, says ACEA
@Toyota: Toyota: Adjustments to Domestic Production in July 2020 (as of June 22)
Toyota City, Japan, June 22, 2020 – (JCN Newswire) – Due to the effects of COVID-19 on the current market and the change in demand of new vehicles globally, Toyota intends to continually make gradual adjustments in production operations at plants for completed vehicles in Japan. We estimate the production volume will be recovered up… Continue reading @Toyota: Toyota: Adjustments to Domestic Production in July 2020 (as of June 22)
@Toyota: Adjustments to Domestic Production in July 2020 (as of June 22)
Due to the effects of COVID-19 on the current market and the change in demand of new vehicles globally, Toyota intends to continually make gradual adjustments in production operations at plants for completed vehicles in Japan. We estimate the production volume will be recovered up to approximately ten percent decrease compared to the initial plan.… Continue reading @Toyota: Adjustments to Domestic Production in July 2020 (as of June 22)
Thai startup raises $80m from Toyota and others amid pandemic
TOKYO — Bangkok-based fintech startup Synqa Holdings is looking to capture a slice of growing demand for cashless transactions in Asia by taking advantage of $80 million it recently raised. Synqa, formerly known as Omise Holdings, completed its Series C funding led by Siam Commercial Bank‘s venture capital subsidiary SCB 10X and Tokyo-listed asset manager… Continue reading Thai startup raises $80m from Toyota and others amid pandemic
Toyota sees July vehicle output down 10% on initial plan
TOKYO (Reuters) – Toyota Motor Corp (7203.T) said on Monday it would make 10% fewer vehicles next month than originally planned, as it gradually resumes output following factory closures earlier this year due to the coronavirus pandemic. FILE PHOTO: Cars are seen outside the Toyota car showroom in Stockport, following the outbreak of the coronavirus… Continue reading Toyota sees July vehicle output down 10% on initial plan
Fusion with Fiat Chrysler under scrutiny: EU Commissioner Vestager slows down PSA boss Tavares
REUTERS / Christian Hartmann PSA boss Tavares: With the merger of PSA and Fiat Chrysler, the manager finally wanted to climb into the league of large car brushes For months, PSA chief Carlos Tavares and FCA chief Mike Manley negotiated a merger. In December of last year, they finally announced the merger. But now the… Continue reading Fusion with Fiat Chrysler under scrutiny: EU Commissioner Vestager slows down PSA boss Tavares
@Toyota: Toyota Launches New Model Harrier in Japan
From the first moment seeing, riding, or driving off in the new Harrier, it resonates with a focus on sensory quality. Rather than relying on utility or numerical performance, Toyota’s development goal was to create a unique presence that fills the heart with its elegance. As a result, it created a vehicle that goes beyond… Continue reading @Toyota: Toyota Launches New Model Harrier in Japan
Beep Partners With USDOT, AV Industry, And State Transportation Departments For AV Test Initiative
ORLANDO, Fla., June 17, 2020 /PRNewswire/ — Beep, an Orlando-based autonomous shuttle service provider, is among 17 initial participants selected by the United States Department of Transportation (USDOT) and the National Highway Traffic Safety Administration (NHTSA) for the Automated Vehicle Transparency and Engagement for Safe Testing Initiative (AV TEST Initiative). The AV TEST Initiative is focused… Continue reading Beep Partners With USDOT, AV Industry, And State Transportation Departments For AV Test Initiative