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...Its new plug-in hybrid Seal U DM-i, which has a starting price of $23,000 in its home market, is set to go on sale in the coming months....
...Sales of Toyota and Lexus vehicles there rose 8.6 per cent but operating profits dropped 26 per cent due to a price war....
...BYD, which also sells plug-in hybrid vehicles that use a battery and a traditional engine, overtook Tesla in EV-only sales during the final quarter of 2023....
...The industry association expected Tesla to record sales of about 25,000 units in China this month, a 37 per cent decline from a year earlier....
...In 2022, Toyota sold about 2.5mn hybrid vehicles globally. That’s of course, both Toyota and Lexus. And then last year, this rose to 3.5mn. And Toyota thinks it’s gonna carry on rising....
...Sales of Toyota and Lexus vehicles rose 8.6 per cent in China for the quarter....
...The firm is appealing against a class-action lawsuit that found it and other brokers liable for $1.8bn of damages over an alleged conspiracy to inflate sales commissions....
...Kim Dong-myung, head of the advanced automotive battery division of Korea’s LGES, says that producing them is “too costly” and there will be “very limited applications”....
...Pushing the ban back to 2035 was one of a series of U-turns on environmental targets Sunak announced last week, policies the government insisted would not threaten the UK’s promise of cutting its net carbon...
...“No one took it seriously,” said a former Tesla insider. Yet the company increased output, sales soared, and shares rose past those in Toyota, topping $1tn in overall market value....
...Sato, who is also Toyota’s current branding chief, does have the experience of spearheading the electric transition of the Lexus division, which in 2021 pledged to make all its premium cars fully electric...
...Toyota Motor commemorated the 60th anniversary of its operations in Thailand last month with a massive ceremony held at a renovated national convention centre....
...Supported by years of government policies and subsidies, China’s EV market is likely to have delivered record sales of 6.5mn units in 2022, nearly double 2021’s 3.52mn units, according to a projection by...
...Here’s our best attempt at taking a photo of the phone: OK, the Waystar Corp. of S1E3 now seems to be Waystar Royco Inc/WAY:NYSE, which plausibly could be a security representing a different class of shares...
...and Toyota a 14 per cent fall in the first quarter....
...Volkswagen and BMW are aiming for half their vehicle sales to be electric by 2030. Ford Motor expects 40 per cent of its sales globally to be electrified by 2030....
...James Womack, the research director at MIT’s International Motor Vehicle Program and a pioneer in adopting Toyota’s “lean manufacturing” ideas in the US auto sector, remembers being blown away by Scaringe...
...“They are trying to be both Toyota and Lexus,” says Reid Hoffman, the LinkedIn co-founder and an investor who has met Foley but owns no stake in Peloton. “The question is whether that’s possible.”...
...Local sales growth of Lexus, Toyota’s premium brand, outpaced that of its standard models last year. Yet most of China’s electric car models compete in the lower price segment....
...That came in below analysts’ forecasts for a net profit of ¥126bn, according to S&P Global Market Intelligence....
...A version of this article was first published by Nikkei Asia on July 23 2021. ©2021 Nikkei Inc....
...Toyota also released a Lexus electric vehicle and an all-electric SUV in China ahead of Japan last year....
...In 2012, the year Tesla debuted the Model S, GM sold more than 23,000 Chevrolet Volts, nearly double that of its nearest competitor, the Toyota Prius, and representing 18 per cent of the total US electric...
...Airbus John Harrison Group general counsel Since 2015, John Harrison has played a key part in the integration of Airbus’s divisions, and the simplification of its governance....
...This is much smaller than an earlier forecast of a ¥470bn loss, coming in above analysts’ forecasts for a reverse of ¥360bn, according to S&P Global Market Intelligence....
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