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...GMO, TIC and Toyota Motor all declined to comment....
...The Society of Motor Manufacturers and Traders calculated that around £20bn of spending has been announced over the year, more than the previous seven years combined....
...Honda is falling further behind in the battery EV race after scrapping a $5bn plan to develop affordable battery-powered cars with General Motors last year....
...Japan’s Topix fell 0.8 per cent in early trading ahead of earnings releases from Toyota Motor and Mitsubishi Corporation, which were both down 0.8 per cent. South Korea’s Kospi shed 0.6 per cent....
...The announcement follows a string of major funding promises by car manufacturers in Brazil this year, including Volkswagen, General Motors and Hyundai....
...The Qin hybrid is priced 40 per cent lower than Toyota’s Corolla, about a tenth lower than VW’s Lavida and about half that of other pure hybrid models such as Toyota’s Prius in the Chinese market....
...Toyota Motor has topped the world’s carmaker rankings. It sold the most passenger cars in the world last year, keeping its position ahead of Volkswagen....
...and Toyota Industries....
...In a US hybrid market mainly dominated by Toyota, Honda and the South Korean duo of Kia and Hyundai, domestic manufacturers are racing to catch up.Last month General Motors, which had largely phased out...
...However, the risk is if EV demand picks up quickly, through mass-market production for example, Toyota might not be ready to take advantage....
...However, others, including perhaps Toyota, think there is more going on....
...Daihatsu Motor may have failed in this duty of care. Toyota has suspended all shipments from its subsidiary after a probe revealed manipulated test results....
...Start-ups developing future forms of transport such as space planes, drones and flying cars are emerging in central Japan’s Aichi prefecture, home to Toyota Motor and its suppliers, driven by a sense of...
...Corporate earnings: Japan’s Mitsubishi, Nintendo and Toyota Motor and China’s Semiconductor Manufacturing International Corporation report results....
...Toyota promised “a fundamental reform” to revive its subsidiary....
...Global sales for the broader Japanese group, which includes van and truck maker Hino Motors and compact brand Daihatsu Motor, also increased 7 per cent to 10.2mn vehicles, putting it on track to become the...
...Japan’s Topix fell 0.8 per cent, with Toyota Motor shares shedding as much as 5.6 per cent in early trading. The carmaker faces a scandal over rigged safety tests at its Daihatsu subsidiary....
...Like its most successful cars, Tata Motors now comes at a price: the shares trade at 12 times forward earnings, a premium to global peers including Toyota and Volkswagen....
...It added: “We told Toyota (GB) to ensure their future marketing communications contained nothing that was likely to encourage irresponsible behaviour towards the environment.”...
...Vine, a portfolio manager at M&G, a Toyota shareholder....
...It would allow Toyota to mass-produce solid-state batteries by 2027 or 2028....
...That suggests, say analysts, that there is room for upside in Toyota’s forecasts. Toyota said that for every ¥1 depreciation against the dollar, it benefits by ¥180bn....
...General Motors chief executive Mary Barra said this year that the company had ordered two “giga press” machines with the intention of using the technology for mass-market vehicles....
...Toyota Motor has bucked a sharp slowdown in China with quarterly profits surging 94 per cent as the group sold 2.75mn vehicles globally, a year-on-year increase of 8.1 per cent....
...But the Japanese company’s hybrid models have been a massive success, so it seems like Toyota was right. Well, at least for now. Peter Campbell is the FT’s global motor industry correspondent....
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