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...As well as making a new car model at its Derby plant, Toyota is exploring investment in manufacturing hydrogen fuel cells, which would be exported for use in larger Toyota vehicles or to other industries...
...of the US gas export industry....
...Sales in North America and Europe were especially strong....
...Last month, a union drive was announced at the Toyota plant in Troy, Missouri, where roughly 850 hourly employees turn out cylinder heads, an engine part that supplies the company’s nine North American car...
...After spending the past decade as the car industry’s loudest champions of hybrid vehicles, Toyota executives could be forgiven for feeling some measure of vindication....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...Is this just Toyota trying to protect its existing suppliers?” A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...Still, Delaware, Inc is going to have to decide whether its brand should be based on being an even-handed, dispassionate system or something more corporate-friendly, designed to keep up in a regulatory race...
...Lululemon, where a pair of yoga pants can set you back £108, saw a slower start to the year in North America....
People in the US are being squeezed to such an extent that they are spending less altogether
...It would also add about 3,000 jobs to the site it calls the “epicentre of lithium-ion battery production in North America”, bringing the total to more than 5,000....
...The way Tesla is making cars “is quickly moving to become an industry standard”, said one senior executive at a European automaker....
...In North America, real internal growth was down 5.8 per cent on falling sales of frozen food. Sales in the region fell 7.7 on a reported basis to SFr5.8bn....
...Stellantis, which already manufactures EVs in Europe and North America, aims to produce fully electric vehicles as soon as 2026 in South America, said Tavares, adding it would depend on bringing down costs...
...In contrast, Toyota’s stock price has rallied more than 44 per cent in the same period....
...The retail segment of Inchcape, which has partnerships with brands such as Audi, BMW, Volkswagen and Toyota, contributed to 18 per cent of its total revenue in 2023....
But the boost to liquidity can prove shortlived
...Legal sports wagering revenues reached $10.9bn in 2023, up more than 44 per cent from 2022, the fastest-growing segment of the US gambling industry, according to the American Gaming Association....
...The combined group would have revenues of about £4.7bn in North America, JD Sports said, adding that the region’s contribution to sales would increase to about 40 per cent, from current levels of about 30...
...Intrigued, I turned to Google, and learnt this practice — dubbed “returnless refunds” by analysts — was being employed by some of America’s largest retailers, including Amazon and Walmart, as well as a host...
...The Toyota group, which includes Hino and Daihatsu, still targets 11.4mn vehicle sales for the full year, with an increasing share coming from North America....
...“There was a huge outflow from ESGU and into QUAL as a result of BlackRock changing their weighting,” said Bryan Armour, director of passive strategies research for North America at Morningstar....
...It’s hardly surprising that Napa Valley, an hour north of San Francisco, is a magnet for tourists. Napa wine producers have responded by turning tourism into a serious profit centre....
...If the plans had been shelved or pared back in ambition, Tesla — which once aimed to grow to the size of Toyota and Volkswagen combined by 2030 — would for now remain a more modest manufacturer than expected...
...Toyota said some exports might be affected, while Volvo and JLR also use the port....
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