Toyota City, Japan, July 30, 2020 – (JCN Newswire) – Toyota Motor Corporation (TMC) announces its sales, production, and export results for June 2020 as well as the cumulative total from January to June 2020, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd. June 2020 Sales Results Toyota– Worldwide sales: Sixth… Continue reading @Toyota: Toyota’s Global Sales Recover to 84% of Previous Year’s Level in June 2020
Tag: Toyota
Japan group to bring quantum computers to the workplace
TOKYO — Leading Japanese universities and corporations have joined hands with IBM to develop practical quantum computing applications in finance, materials development and the broader business scene. “I believe that Japan will play an important role in implementing quantum computing technology to society ahead of rest of the world, and that industry-academia-government collaboration is necessary… Continue reading Japan group to bring quantum computers to the workplace
Mazda slams brakes on 1.8m auto sales goal after less than a year
TOKYO — Mazda Motor will retract its goal of selling about 1.8 million vehicles worldwide by fiscal 2024 as the Japanese automaker struggles with the impact of the coronavirus pandemic, Nikkei has learned. Mazda’s vehicle sales plummeted by a quarter in the first half of this year, further dimming prospects for reaching the target. The company is expected to announce the… Continue reading Mazda slams brakes on 1.8m auto sales goal after less than a year
Twin storms batter struggling Nissan-Renault-Mitsubishi alliance
TOKYO — It has only been a few months since the carmakers that form the Renault-Nissan-Mitsubishi alliance announced some of the most dire annual results in their history — but anyone who thought that marked the end of their trials has been roundly disabused of the notion. Renault announced Thursday that it posted a record… Continue reading Twin storms batter struggling Nissan-Renault-Mitsubishi alliance
Japan AI unicorn Preferred Networks seeks greener pastures
TOKYO — Preferred Networks, a Japanese artificial intelligence startup, is looking for new lines of business. Although the company enjoys backing from a number of big names in Japan, its latest move is motivated by its founder’s growing unease over how long it is taking to develop practical uses for its technology. Preferred Networks was… Continue reading Japan AI unicorn Preferred Networks seeks greener pastures
Visteon Announces Second-Quarter 2020 Results
Net sales of $371 million; 48% reduction Y/Y excluding currencyIndustry production down 45% Y/Y; Visteon customers down 53% Y/YVisteon sales outperformed customer production by five percentage points$1.7 billion in new business and 21 new product launches YTDCash of $759 million; no significant near-term debt maturitiesVAN BUREN TOWNSHIP, Mich., July 30, 2020 (GLOBE NEWSWIRE) — Visteon… Continue reading Visteon Announces Second-Quarter 2020 Results
Press Releases – COVID: Stakes are high for European automotive recovery, new facts and figures show
Brussels, 30 July 2020 – The European Automobile Manufacturers’ Association (ACEA) has published its annual Pocket Guide that provides an overview of the EU auto industry, including the latest sector-specific data on employment, vehicle production and sales, road safety, R&D, the environment and trade flows. New data in this flagship publication confirm that the automobile… Continue reading Press Releases – COVID: Stakes are high for European automotive recovery, new facts and figures show
Sea Machines Raises $15M in Funding
Sea Machines Robotics, a Boston, MA-based developer of autonomous systems for ocean-going vessels and workboats, closed a new $15 million financing round. The round was led by Accomplice with further participation by Toyota AI Ventures, Brunswick Corp. (through investment partner TechNexus), Geekdom Fund, NextGen Venture Partners, Eniac VC, LaunchCapital and others. It included participation from… Continue reading Sea Machines Raises $15M in Funding
LC 500 convertible takes Lexus style to new heights, but don’t mistake it for a sports car
CLOSE Stunning new convertible oozes luxury, but don’t mistake it for a sports car Detroit Free Press If a better looking car than the Lexus LC 500 convertible goes on sale this year, I’m not sure mortal eyes will be able to withstand the sight. Like those who stare too long at the sun, the… Continue reading LC 500 convertible takes Lexus style to new heights, but don’t mistake it for a sports car
Morgan Stanley boosts Tesla bull case to 65% upside but still has an ‘underweight’ rating on the automaker’s shares (TSLA)
(AP Photo/Marcio Jose Sanchez, File) Morgan Stanley on Wednesday boosted its Tesla stock price target to $1,050 from $740. It also updated its “bull case scenario” to $2,500 from $2,070. The bull case is a more than a 65% increase from where shares of Tesla traded on Wednesday. Still, the firm has an “underweight” rating… Continue reading Morgan Stanley boosts Tesla bull case to 65% upside but still has an ‘underweight’ rating on the automaker’s shares (TSLA)