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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....
...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...
...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....
...Lululemon, where a pair of yoga pants can set you back £108, saw a slower start to the year in North America....
Tesla wants to relocate its corporate domicile but institutional investors like Delaware’s sophistication and predictability
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....
...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...
...The way Tesla is making cars “is quickly moving to become an industry standard”, said one senior executive at a European automaker....
...In contrast, Toyota’s stock price has rallied more than 44 per cent in the same period....
...By 2022, only 20 per cent remained in academia with some 70 per cent joining industry....
But the boost to liquidity can prove shortlived
...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....
...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 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...
Pemex CEO says rating agencies and investors calling the Mexican state group a ‘bottomless barrel’ or ‘bankrupt’ are ignorant
...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....
...Toyota said some exports might be affected, while Volvo and JLR also use the port....
...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....
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