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...“The region is capable of solid manufacturing, so solid start-ups should emerge as well.” A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc....
...Smaller companies play a big role in Japan’s electric vehicle battery supply chain, indirectly supporting the likes of Toyota Motor and Tesla....
...Toyota’s investment also rivals those made by domestic car companies; in 2021, Ford announced an $11.4bn investment in EVs and batteries in Tennessee and Kentucky....
...manufacturing efficiency....
...Last week UAW members began picketing Ford’s most profitable factory, a truck plant in Kentucky....
...The transaction is also the latest in a series of takeovers in the UK motor retail sector where consolidation has meant only Vertu and Caffyns remain....
...“Absolutely”, he told reporters who asked if he supported unionisation at Toyota and Tesla....
...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...
...Toyota, the world’s largest automaker, has indicated in recent weeks that it is close to a manufacturing breakthrough for a potentially game-changing technology: solid-state batteries....
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...Chancellor Jeremy Hunt name-checked Nissan and Toyota, which has a car factory in Derby and is considering further UK investments, in his Autumn Statement on Wednesday....
...In addition to BMW’s choice of Spartanburg, Mercedes opened its biggest North American plant in Tuscaloosa, Alabama, and Toyota chose Georgetown, Kentucky....
...In June, Prime Minister Narendra Modi met Musk in New York during a state visit to the US and asked him to consider India as a manufacturing base....
...Toyota and Nissan are among the companies considering whether to build new models in the UK....
...It ranks around 15th in the world, far ahead of Japan’s market leader, Toyota Motor....
...SK laid off more than 100 workers at the same plant in September and is delaying the launch of a second plant in Kentucky, a joint venture with Ford, which was scheduled to begin operation in 2026....
...This would cut the cost of manufacturing, he added, but was likely to make it “hard to scale”. Elon Musk seems to agree....
...In 1984, as Japanese carmakers grabbed market share from a besieged industry in Detroit and US protectionism ramped up, Toyota began a joint venture in California with General Motors....
...Toyota, the world’s largest carmaker, said it would invest $8bn more into a North Carolina battery plant....
...China’s manufacturing activity unexpectedly contracted in October, damping hopes of increasing momentum in the economy....
...The Society of Motor Manufacturers and Traders, the UK trade body, warned in its submission: “The current manufacturing capability in the EU and the UK does not allow our sector to meet upcoming origin requirements...
...He is pro-car and pro car manufacturing.”...
...In fact, corporate Japan has poured so much money into the country that it has created a leading regional motor manufacturing centre. Toyota and its group companies employ 275,000 people in Thailand....
...Rapidus, which counts IBM as a tech partner, is backed by the Japanese government and leading companies such as Toyota....
...New deal prosperity Car manufacturing holds a particular place in the American imagination....
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