Hints and tips:
...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....
...to Toyota plan to sell more hybrid vehicles in the coming years....
...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....
...Sam AginiLiberty has done a great job of extending F1’s reach. We’re preparing for a 24-race season. It’s the biggest in F1’s history. They’ve also turned that interest into more races in America....
...Sales of Toyota and Lexus vehicles there rose 8.6 per cent but operating profits dropped 26 per cent due to a price war....
...Toyota has also been hit hard, but the company said it was able to offset a 26 per cent profit decline in China thanks to a weaker yen and bumper sales in the US....
...Also, it will be a busy week for carmakers — notably Nissan, Toyota and Ford — and (yet more) tech — Alibaba, Arm, Spotify and Uber. More details below....
...Hyundai Motor Group, which owns the Hyundai, Kia and Genesis brands, also has the fourth-largest share of the overall US car market, behind Toyota, Ford and GM, according to sales data from S&P Global....
...While the move drew a strong rebuke from Ford, other carmakers including Toyota, which has been slower on EV rollout, and JLR said it was a pragmatic step that would bring the UK in line with targets set...
...An executive at state-owned SAIC Motor said this month that the company has begun the process of choosing a site for a European assembly plant....
...“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....
...Now the rise of these vast back offices — also known as global capability centres (GCCs) — has caused a “huge war for talent” with the traditional IT services industry, said K S Viswanathan, vice-president...
...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...
...Monday EU, December retail sales figures Germany, December factory orders UK, S&P Global/Cips construction purchasing managers’ index (PMI) data Results: Activision Blizzard Q4, Anima FY, JFE Holdings...
...A heavy reliance on hybrid models, which currently account for more than a quarter of Toyota’s sales, has given it an unexpected edge....
...Executives said the weaker yen and high vehicle sales were unlikely to offset a steep rise in raw material and logistics costs, which are expected to hit ¥1.45tn....
...Mazda Motor’s new plant near Huntsville, Alabama — a joint project with fellow Japanese carmaker Toyota — began producing a sport utility vehicle designed for the US market....
...In 2010, Tesla laid the foundations for mass-producing EVs by acquiring a factory once owned by Toyota Motors and General Motors that had been shuttered due to the financial crisis....
...That would be a second consecutive quarter of contraction, a traditional definition of recession. The data also came after carmaker General Motors announced a 15 per cent drop in quarterly sales....
...figures France, Germany, Italy, UK, US: S&P Global services PMI data India, the Reserve Bank of India holds monthly rate-setting meeting Italy, monthly retail sales figures US, monthly employment data...
...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....
...The Big Story Human brain cells incorporated into a computer chip have learned to play an arcade game....
...For the October to December quarter, Toyota said operating profit rose 54 per cent from a year earlier to ¥987.9bn, exceeding the ¥566.6bn forecast in an S&P Global Market Intelligence analyst poll....
...Its venture with M&S served 375,000 customers a week in the last quarter of 2021....
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