Tag: Toyota

@Toyota: TMC Announces April Through June 2024 Financial Results

Toyota Motor Corporation (TMC) today announced its financial results for the first quarter, which ended June 30, 2024. TOYOTA CITY, Japan (August 1, 2024) — Consolidated vehicle sales totaled approximately 2,252,000 units, a decrease of approximately 74,000 units compared to the same period last fiscal year. On a consolidated basis, net revenues for the period… Continue reading @Toyota: TMC Announces April Through June 2024 Financial Results

Toyota scandals batter suppliers while group posts record profit

NAGOYA– Though Toyota Motor logged a record profit for the most recent quarter, the suppliers that form the group’s backbone are groaning under cost increases and production cuts forced by a series of certification scandals. “The production stoppages have placed a financial burden on suppliers and dealers,” Toyota accounting chief Masahiro Yamamoto said at Thursday’s… Continue reading Toyota scandals batter suppliers while group posts record profit

Toyota Mobility Foundation Provides City of San Jose $260,000 to Make City Streets Safer Using AI and Computer Vision

Nonprofit, US Ignite will advise the city on the road safety project. SAN JOSÉ, Calif., Aug. 1, 2024 /PRNewswire/ — Today the Toyota Mobility Foundation (TMF) and US Ignite proudly announce that the City of San José, California has been awarded a $260,000 grant from TMF to explore advanced Artificial Intelligence (AI) and computer vision technologies to… Continue reading Toyota Mobility Foundation Provides City of San Jose $260,000 to Make City Streets Safer Using AI and Computer Vision

Nissan and Honda to co-develop EV platforms, batteries and motors

Nissan and Honda have published fresh details of their new partnership on electric cars, revealing plans to co-develop a new platform, motors and batteries. The Japanese firms have entered into a joint research agreement for a next-generation architecture for a software-defined vehicle, aiming to integrate technologies including autonomous driving and artificial intelligence. These “will determine… Continue reading Nissan and Honda to co-develop EV platforms, batteries and motors

Hybrid an old-school transition technology: Tata Motors’ PB Balaji

Range anxiety and the high upfront cost of electric cars continue to deter many from making the switch from internal combustion engines (ICE) to battery-powered vehicles. The recent surge in demand for hybrids, following consecutive launches by Toyota and Maruti Suzuki, has provided consumers with an alternative. Over the past six months, passenger vehicles (PVs)… Continue reading Hybrid an old-school transition technology: Tata Motors’ PB Balaji

Volkswagen follows rivals as stock dips on mixed results, with cost-cutting and new partnerships on the horizon

Volkswagen (VOW.DE) Group reported mixed results and a downbeat forecast, reflecting some of the deeper challenges facing large multinational automakers as they come grips with cost-cutting, and an evolving marketplace where EV uptake has been choppy. Volkswagen — which counts brands like its Audi, Porsche, Bentley and others in its portfolio — reported second quarter… Continue reading Volkswagen follows rivals as stock dips on mixed results, with cost-cutting and new partnerships on the horizon

Nissan X Trail priced at Rs 49.92 lakh

Nissan has launched the X-Trail SUV in India at Rs 49.92 lakh, ex-showroom, Delhi. The three-row SUV is being brought here as a full import. Nissan offers a 3-year/ 1 lakh km warranty as standard with the X-Trail, along with three years of free roadside assistance. The Nissan X-Trail is powered by a 1.5-litre three-cylinder… Continue reading Nissan X Trail priced at Rs 49.92 lakh

Aptiv and Harman are Leaders in ABI Research’s Automotive Digital Cockpit Domain Controller Competitive Ranking

LONDON, July 31, 2024 /PRNewswire/ — The new Competitive Assessment by global technology intelligence firm ABI Research provides an in-depth and unbiased examination of the solutions offered by eleven digital Cockpit Domain Controller (CDC) solution providers. The analysis focused on eleven criteria segmented across innovation and implementation. These include the consolidation of cockpit domains, accommodation… Continue reading Aptiv and Harman are Leaders in ABI Research’s Automotive Digital Cockpit Domain Controller Competitive Ranking

Group 1 Automotive Announces Closing on Inchcape Retail Automotive Operations

HOUSTON, Aug. 1, 2024 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI) (“Group 1” or the “Company”), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced that the Company has closed on the acquisition of Inchcape Retail (“IR”) automotive operations with 54 dealership locations across the U.K.  These dealerships are… Continue reading Group 1 Automotive Announces Closing on Inchcape Retail Automotive Operations