DETROIT (Reuters) – Toyota Motor Corp (7203.T) will invest $170 million in an existing plant in Mississippi to build the next generation of its Corolla sedan, the Japanese automaker said on Thursday. FILE PHOTO: The Toyota logo is shown at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017. REUTERS/Mike Blake/File… Continue reading Toyota to invest $170 mln in Mississippi plant, create 400 jobs
Tag: Honda
Ford: We won’t abandon affordable, entry-level vehicles
Ford says U.S. consumers no longer want sedans. Jim Farley, Ford president of global markets, told The Detroit News on Thursday that doesn’t mean the Blue Oval won’t have affordable, fuel-efficient options. (Photo: Justin Sullivan / Getty Images) Some dealers are concerned that Ford Motor Co.’s decision to cut back its lineup of sedans and… Continue reading Ford: We won’t abandon affordable, entry-level vehicles
Ford Is About to Abandon American Sedans
The Model T, the ’32 deuce coupe, the Thunderbird, the Mustang: For much of its 115-year history, Ford Motor Co. has been synonymous with cars. But now Ford, one of the great engines of 20th Century American industry, is about to do the unthinkable: abandon the American car business almost entirely. Henry Ford and the… Continue reading Ford Is About to Abandon American Sedans
As Ford phases out most cars, Chicago plant will produce a new SUV
The Ford assembly plant on Chicago’s Southeast Side is not expecting any layoffs as the company phases out most cars — including the signature Taurus sedan built there — in favor of SUVs and trucks. The Torrence Avenue plant, Ford’s oldest in continuous operation, will end production of the Taurus and Police Interceptor sedans by… Continue reading As Ford phases out most cars, Chicago plant will produce a new SUV
Honda’s Everus brand arrives with new EV concept
Honda has become the latest car maker to launch an electric brand through China with the Everus EV concept. Although simply a demonstration of what’s to come, it publicises a project that Honda and its Chinese venture partner, GAC, have been working on. The first model to come from the new brand will take influence… Continue reading Honda’s Everus brand arrives with new EV concept
Shell and Toyota move forward with hydrogen facility at Port of Long Beach
SAN FRANCISCO, April 19, 2018 /PRNewswire/ — Equilon Enterprises LLC, doing business as Shell Oil Products US (“Shell”), and Toyota have been provisionally awarded $8 million by the California Energy Commission (CEC) to develop the first hydrogen-truck refueling station at the Port of Long Beach. The funding, which is contingent upon the approval of the project… Continue reading Shell and Toyota move forward with hydrogen facility at Port of Long Beach
UPDATE 2-China to scrap foreign auto ownership limits by 2022
BEIJING/SHANGHAI (Reuters) – China will scrap foreign ownership caps on local auto companies by 2022 and will remove restrictions on new-energy vehicle ventures this year, a major shift that will open the market wider to carmakers from Nissan (7201.T) to Tesla Inc (TSLA.O). FILE PHOTO: Cars are parked at the Great Hall of the People… Continue reading UPDATE 2-China to scrap foreign auto ownership limits by 2022
Group 1 Automotive Expands Presence in Brazil
HOUSTON, April 16, 2018 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), (“Group 1” or the “Company”), an international, Fortune 500 automotive retailer, today announced the acquisition of a new Toyota market area in western São Paulo, Brazil as well as a major expansion to an existing Honda dealership located in the São Paulo suburb of São Bernardo do… Continue reading Group 1 Automotive Expands Presence in Brazil
Waymo takes a page out of Google’s Android Playbook
Waymo seems to be banking on confronting the automotive industry with the same challenge. By Alex Webb When Google set out to tackle the smartphone market with its Android operating system, it picked off the more vulnerable subscale brands with little software expertise. Within three years, those phone makers had surged up the sales charts… Continue reading Waymo takes a page out of Google’s Android Playbook
Alphabet’s Waymo Takes a Page Out of Google’s Android Playbook
When Google set out to tackle the smartphone market with its Android operating system, it picked off the more vulnerable subscale brands with little software expertise. Within three years, those phone makers had surged up the sales charts to become the biggest players. At the time of Android’s launch in 2008, Samsung Electronics Co. Ltd. and… Continue reading Alphabet’s Waymo Takes a Page Out of Google’s Android Playbook