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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....
...The world’s largest carmaker Toyota sold 10.5mn cars in 2022, while Tesla sold 1.3mn. The warning comes at a historic juncture for the global car industry....
...Toyota, the world’s biggest carmaker by annual unit sales, has laid out plans to sell 3.5mn battery powered vehicles every year from 2030....
...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....
...U-Power last month signed a deal to supply New York-based EV start-up Olympian Motors with its skateboards....
...Sales are growing at 20 to 30 per cent a year and almost everyone who tries them says they are never going back,” says Alex Brooks, an analyst at Canaccord Genuity....
...But even giants like Tesla and Toyota must prove themselves in this new field, and VinFast, which began making EVs in 2021, has gotten off to a rocky start....
...An independent panel revealed that Daihatsu Motor, a subsidiary of Toyota Motor, had been cheating on safety and quality tests for over 30 years, delivering a blow to the auto group’s reputation — the most...
...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....
...They waved frantically to guests at a hotel across the street. “We finally started making . . . the S-O-S sign,” she recalled....
...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...
...“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....
...Tesla, General Motors and Rivian all reported strong US sales and deliveries for EVs during the second quarter, as did BYD in China....
...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....
...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....
...Last week South Korean battery producer LG Energy Solution echoed Tesla chief Elon Musk and warned EV sales were expected to weaken as a result of higher interest rates....
...The price has been pushed up by F1’s booming popularity in the US, and also the sport’s new spending caps that have put a lid on costs....
...China’s largest automaker BYD, SAIC-owned MG Motor and Great Wall Motor and other companies lowered prices later....
...Since it launched the Model S in 2012, Tesla sales have been of sedans and SUVs. But pick-ups take it into the industry’s real gold mine....
...An investor opposed to the deal, Energy Income Partners, pointed out that this position was a U-turn from a bullish management outlook offered as recently as 2022....
...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...
...The stock has jumped in the past two months as General Motors, Ford, Volvo and Amazon-backed Rivian signed deals to adopt the battery charging standard developed by Tesla, opening up a new line of revenue...
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