A year ago, the world’s biggest #automaker was on a tear. American #consumers were snapping up #Toyota’s hybrids, & …that May, Toyota reported the highest annual profit ever recorded by a Japanese firm.
On Thurs, Toyota presented a significantly more somber outlook, projecting that its operating profit would decline by about ⅕ for the fiscal year ending in March. It… predicted a $1.3 billion hit from #Trump’s #tariffs in April & May alone.
#Toyota Says #Tariffs Will Cost It $1.3 Billion in Just 2 Months — April & May
The #automaker’s somber forecast for the fiscal year underscored how quickly fortunes have turned for many companies reckoning with #Trump’s tariffs.
#economy #business #inflation #recession
https://www.nytimes.com/2025/05/08/business/toyota-earnings-trump-tariffs.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=65F0357B-0C82-492A-9836-647C8E989CEA
Chinese Automaker Grows in Africa, Launches New Models in SA #EastAfrica #NorthAfrica #SouthernAfrica #WestAfrica #Africa #Automaker #Chinese #Grows #launches #models
https://tinyurl.com/26f765qu
Russia's Leading Automaker Eyes Nigeria with Local Assembly Plans #EastAfrica #NorthAfrica #WestAfrica #Assembly #Automaker #Eyes #leading #local #Nigeria #plans #Russias
https://tinyurl.com/2bvdjlze
#Mahindra Beats #Hyundai To Become #India's Second Largest #Automaker
https://www.ndtv.com/auto/mahindra-beats-hyundai-to-become-indias-second-largest-automaker-7829137
This #Automaker Is Attacking #Sustainable #Transportation Even More Than You Think
#DJT meddling in auto mfgr #EV production via #ExecutiveOrder threatens US #automaker jobs, not just #China or the #Climate
https://www.axios.com/2025/01/23/trump-ev-mandate-chinese-rivals-cars
Stellantis to resume work at Illinois plant, build Durango in Detroit as it looks to resolve issues with UAW
Automaker Stellantis plans to reopen an assembly plant in Illinois and build the next generation Dodge Durango in Detroit, the automaker said Wednesday.
#automaker #plant #labor #Illinois #Detroit #News
https://www.cbc.ca/news/canada/windsor/stellantis-illinois-detroit-durango-1.7438967?cmp=rss
#Tesla’s 15th #recall of 2024 hits 700,000 #Cybertruck, Model 3, and Model Y Owners
A faulty #tirepressure #warninglight is the latest in a series of recalls for the #ElonMusk–led #automaker.
#Honda-#Nissan in #merger talks to create the world’s third-biggest #automaker
𝗧𝗮𝘃𝗮𝗿𝗲𝘀 𝘀𝘁𝗮𝗽𝘁 𝗼𝗽; 𝘁𝗼𝗽𝗺𝗮𝗻 𝘃𝗮𝗻 𝗱𝗲 𝗴𝗿𝗼𝗼𝘁𝘀𝘁𝗲 𝗮𝘂𝘁𝗼𝗺𝗮𝗸𝗲𝗿 𝘃𝗮𝗻 𝗘𝘂𝗿𝗼𝗽𝗮
Europa's grootste automaker Stellantis neemt met onmiddellijke ingang afscheid van topman Carlos Tavares. Het moederbedrijf van onder meer Opel, Fiat, Peugeot, Citroën, Jeep en Alfa Romeo maakte dat zondagavond bekend. Een opvolger wordt in de eerste helft van 2025 benoemd.
https://www.rtl.nl/nieuws/economie/artikel/5483148/topman-grootste-automaker-van-europa-stapt-op
@servelan Just like any automaker/company who's primary focus is on their bottom line, they're not going to do jack until this leads to unfortunate deaths.
#Tesla, #Automaker #CapitalGreed #Capitalism #Musk #Elon #Recal
#GeneralMotors to pay nearly $146 million for excess #caremissions
The #automaker will also retire millions of credits that it has received for complying with federal #emissions rules, the #administration announced Wednesday.
'We Have To Start To Get Back In Love With Smaller Vehicles,' Says #CEO Of #Automaker That Doesn't Sell Small Cars
#Ford chief says #Americans need to fall ‘back in love’ with smaller cars
#JimFarley says country is ‘in love with these monster vehicles’ but big cars are not sustainable in the age of #EV
Ford CEO Jim Farley also said we need to stop buying all the "monster vehicles" it sells
https://www.theguardian.com/business/article/2024/jul/02/ford-jim-farley-smaller-cars
Love blaming the consumer when you don't offer a choice...
#Tesla eliminated almost its entire #Supercharger organization, which has built a vast network of #PublicChargingStations that virtually every major #automaker is in the process of tapping into in the U.S. #ElonMusk
Tesla axes most of supercharger team in blow to other automakers
https://www.japantimes.co.jp/business/2024/05/01/companies/tesla-supercharger-team-automakers/
Toyota retains its position as the world's best-selling carmaker for the fourth consecutive year, with global sales, including subsidiaries Daihatsu and Hino Motors, reaching a record 11.2 million vehicles in 2023. Despite this success, Toyota has faced scandals involving falsified emissions data and improper certification procedures at its subsidiaries.
How They Stay #1 Despite Challenges & Scandals, Read More Click the link: https://myelectricsparks.com/toyota-maintains-crown-as-worlds-leading-automaker-despite-scandals/
Albemarle (ALB): Albemarle to lay off 4% of its global workforce.
Toyota Motors (TM): Toyota achieves a milestone by selling a record 11.2 million vehicles in 2023, securing its position as the world's best-selling automaker for the fourth consecutive year. #VinFast #Microsoft #BlizzardEntertainment #Albemarle #ToyotaMotors #Automaker #BusinessNews"
Corporate News Update:
VinFast (VFS): Electric vehicle manufacturer VinFast announces plans to invest in the Philippines this year.
Microsoft (MSFT): Microsoft appoints Johanna Faries, former general manager of "Call of Duty," as president of its game publishing unit Blizzard Entertainment.
#VinFast #Microsoft #BlizzardEntertainment #Albemarle #ToyotaMotors #Automaker #BusinessNews"
Chinese #automaker set to debut first mass-produced #electricvehicle powered by unique battery technology 👇🤔🚙🔋
https://www.thecooldown.com/green-business/sodium-ion-battery-electric-car-yiwei/
The #EmilyGT Lives!
Before National Electric Vehicle Sweden, the Chinese company that bought #Saab’s assets when #Sweden's #automaker went bankrupt, gave up on making #cars, its engineers developed an #EV #sedan called the Emily GT. And while we probably won’t ever see another new Saab, we might actually get to see the Emily GT thanks to a company in #Canada called #EVElectra that just bought the rights to produce it.
https://jalopnik.com/the-emily-gt-lives-1851070958
