Editorial Results (free)
1.
Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell -
Friday, November 8, 2024
TOKYO (AP) — Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned, prompting the Japanese automaker to slash 9,000 jobs.
Chief Executive Makoto Uchida said he was taking a 50% pay cut to take responsibility for the dismal results, while promising that a turnaround was coming.
2.
Hit by scandal, Japan's top automaker Toyota reports lower profits -
Friday, November 1, 2024
TOKYO (AP) — Toyota's July-September profit sank to less than half of what it was in the same period the previous year, as a production stoppage that followed a certification scandal and recalls dented vehicle sales, the Japanese automaker said Wednesday.
3.
Japanese automaker Honda reports lower profits as China sales decline -
Friday, November 1, 2024
TOKYO (AP) — Honda's profits slipped nearly 20% in the first half of the fiscal year from the same period the previous year, as sales suffered in China, the Japanese automaker said Wednesday.
Honda Motor Co.'s April-September profits totaled 494.68 billion yen ($3.2 billion), declining from 616 billion yen for the same period the previous year, on 10.8 trillion yen ($70.5 billion) in sales, up from 9.6 trillion yen.
4.
All-electric SUVs: Honda Prologue versus Toyota bZ4X -
Friday, October 4, 2024
While Honda has a long reputation for building fuel-efficient cars and trucks, it’s only now getting serious about EVs with its new 2024 Prologue. The Prologue is an all-electric SUV that seats five and is about the same length as a Honda Passport.
5.
Wall Street sets more records to close a winning September and third quarter -
Friday, September 27, 2024
NEW YORK (AP) — Wall Street closed its latest winning month and quarter with more records on Monday. The drift higher for U.S. stocks followed a wild start to the week for financial markets in Asia, where Japanese stocks tumbled and Chinese indexes soared.
6.
Pros, cons of buying a hybrid or plug-in hybrid -
Friday, August 23, 2024
If you’re ready to move on from a purely gasoline-fueled vehicle but you’re not ready to go fully electric, you have two choices: a hybrid or a plug-in hybrid vehicle. But which one is best? The experts at Edmunds will help you decide.
7.
Japan records trade deficit as surging global prices pushes imports higher -
Friday, August 16, 2024
TOKYO (AP) — Japan racked up a 621 billion yen ($4.3 billion) trade deficit in July, as prices of imports surged, according to government data released Wednesday.
Japan's imports grew nearly 17% from a year ago to 10.2 trillion yen ($70.6 billion), while exports grew 10% to 9.6 trillion yen ($66 billion), the Finance Ministry said.
8.
Japan's Toyota promises to do better with vehicle testing after major scandal -
Friday, August 9, 2024
TOKYO (AP) — Toyota promised Friday to strengthen oversight of its vehicle certification so the scandal that surfaced recently over improper tests will never recur.
Japan's top automaker outlined in detail the measures it will take, including greater managerial involvement, assigning more staff to certification tasks and clarifying responsibilities of specific posts, such as the chief engineer.
9.
Nissan is developing 'cool paint' for cars to keep drivers cooler -
Friday, August 2, 2024
TOKYO (AP) — Nissan showed Tuesday what it called a "cool paint" to keep people inside vehicles cooler, although the coating is six times thicker, making commercialization still a challenge.
The company's announcement Tuesday was timely, coming as Japan was enduring record sweltering temperatures.
10.
Japan's Nikkei 225 stock index plunges 12.4% as investors dump a wide range of shares -
Friday, August 2, 2024
TOKYO (AP) — Japan's Nikkei 225 stock index plunged more than 12% on Monday as investors worried that the U.S. economy may be in worse shape than had been expected and dumped a wide range of shares.
11.
Toyota reports record quarterly profit, boosted by a weak yen and despite a certification scandal -
Friday, August 2, 2024
TOKYO (AP) — Toyota reported Thursday that its April-June profit rose 1.7%, boosted by a favorable exchange rate, as vehicle sales grew around the world despite a certification scandal that halted production in Japan for several months.
12.
Japan rivals Nissan, Honda will share EV components and AI research as they play catch up -
Friday, August 2, 2024
TOKYO (AP) — Japanese automakers Nissan and Honda say they plan to share components for electric vehicles like batteries and jointly research software for autonomous driving.
A third Japanese manufacturer, Mitsubishi Motors Corp., has joined the Nissan-Honda partnership, sharing the view that speed and size are crucial in responding to dramatic changes in the auto industry centered around electrification.
13.
US stands by decision that 50 million air bag inflators are dangerous, steps closer to huge recall -
Friday, July 26, 2024
DETROIT (AP) — U.S. auto safety regulators say they stand by a conclusion that more than 50 million air bag inflators are dangerous and should not be in use, taking another step toward a massive recall.
14.
Nissan aims for sustainability, worker inclusivity -
Friday, July 26, 2024
YOKOHAMA, Japan (AP) — Nissan has outlined a "sustainability plan" to become a greener and more inclusive company, promising to recycle batteries, empower its workers and create safer cars.
Nissan Motor Co. won't be trying to beat rivals in the effort but hopes to work with various partners, Joji Tagawa, chief sustainability officer, told reporters this week at the company's Yokohama headquarters.
15.
Nissan lowers its profit forecast amid incentive, inventory woes -
Friday, July 26, 2024
TOKYO (AP) — Nissan lowered its full fiscal year outlook on Thursday, as the Japanese automaker reported a 73% decline in profit in the April-June quarter compared to the previous year.
Chief Executive Makoto Uchida called the results "very challenging," blaming sales incentives and marketing expenses resulting from intense competition, especially in the U.S. market.
16.
Nvidia climbs to Wall Street's mountaintop as stocks broadly drift -
Friday, June 14, 2024
NEW YORK (AP) — U.S. stocks edged up to more records following the latest signal that the economy's growth may be slowing without cratering, while Nvidia continued its rocket ride upward to become Wall Street's most valuable company. The S&P 500 rose 0.3% Tuesday, hitting another all-time high. The Dow Jones Industrial Average edged up 0.1%, and the Nasdaq composite edged higher to another record. Nvidia climbed to top Microsoft and become the largest U.S. stock by market value at over $3 trillion. Treasury yields fell in the bond market after a report showed sales at retailers returned to growth last month but remained below economists' expectations.
17.
Akio Toyoda, grandson of Toyota founder, wins shareholders' approval to stay in leadership -
Friday, June 14, 2024
TOKYO (AP) — Toyota shareholders voted Tuesday in support of all the company's proposals, including keeping Akio Toyoda, grandson of the Japanese automaker's founder, as chairman on the board.
Details on the vote tallies were not immediately available. But the company confirmed the majority voted in support of its positions. A shareholder proposal requesting that Toyota issue an annual report on its climate-related lobbying activities was rejected.
18.
Japan's economy is shrinking, although slightly less than previously thought -
Friday, June 7, 2024
TOKYO (AP) — The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year, slightly better than the initial estimate at a 2.0% contraction, according to revised government data Monday.
19.
Japan's Toyota shows 'an engine reborn' with green fuel despite global push for battery electric cars -
Friday, May 24, 2024
TOKYO (AP) — "An engine reborn." That's how Japanese automaker Toyota introduced plans to cast a futuristic spin on the traditional internal combustion engine.
During a three-hour presentation at a Tokyo hall Tuesday, the car manufacturer giant announced it would offer lean compact engines that also run on so-called green fuels like hydrogen and bioethanol, or get paired with zero-emissions electric motors in hybrids.
20.
5 things to know before buying your first used Tesla -
Friday, May 24, 2024
It’s a good time to be in the market for a used Tesla. Tesla’s significant price cuts during the past year on its new cars have caused the prices of used Teslas to drop significantly. But buying a used Tesla isn’t as straightforward as buying a used Toyota, especially if you’ve never owned one.
21.
Amazon's self-driving robotaxi unit Zoox under investigation by US after 2 rear-end crashes -
Friday, May 10, 2024
DETROIT (AP) — Amazon's self-driving robotaxi unit is being investigated by the U.S. government's highway safety agency after two of its vehicles braked suddenly and were rear-ended by motorcyclists.
22.
Japanese automaker Honda reports booming profit on sales growth, weak yen -
Friday, May 10, 2024
TOKYO (AP) — Honda's profit for the fiscal year through March jumped 70% as vehicle sales grew and a weak yen buoyed overseas earnings, the Japanese automaker reported Friday.
Annual profit at Tokyo-based Honda Motor Co. totaled 1.1 trillion yen ($7 billion) as sales surged nearly 21% to 20.4 billion yen ($131 million).
23.
US opens investigation into Ford crashes involving Blue Cruise partially automated driving system -
Friday, April 26, 2024
DETROIT (AP) — Two fatal crashes involving Ford's Blue Cruise partially automated driving system have drawn the attention of U.S. auto safety regulators.
The National Highway Traffic Safety Administration has opened an investigation of the crashes, both involving Mustang Mach-E electric vehicles on freeways in nighttime lighting conditions, the agency said in documents Monday.
24.
Driver of electric Ford SUV was using automated system before fatal Texas crash, investigators say -
Friday, April 12, 2024
DETROIT (AP) — The driver of a Ford electric SUV involved in a February fatal crash in Texas was using the company's partially automated driving system before the wreck, federal investigators said Thursday.
25.
Biden welcomes Prime Minister Kishida and praises Japan's growing clout on international stage -
Friday, April 5, 2024
WASHINGTON (AP) — President Joe Biden praised Prime Minister Fumio Kishida's "bold leadership" on a series of global crises as he welcomed the Japanese leader to the White House on Wednesday for wide-ranging talks that touched on the delicate security situation in the Pacific, the war in Ukraine, the Israel-Hamas conflict and more.
26.
Biden to meet Japan's PM Kishida over shared concerns about China and differences on US Steel deal -
Friday, April 5, 2024
WASHINGTON (AP) — Japanese Prime Minister Fumio Kishida begins a much-anticipated visit to Washington on Tuesday aiming to spotlight shared concerns about provocative Chinese military action in the Pacific and at a rare moment of public difference between the two nations over a Japanese company's plan to buy an iconic U.S. company.
27.
Toyota will oversee model certification at subsidiary Daihatsu after safety testing scandal -
Friday, April 5, 2024
TOKYO (AP) — Japanese automaker Toyota will oversee model certification at its subsidiary Daihatsu to regain trust among dealers, customers and workers after a safety testing scandal, Daihatsu's new president said Monday.
28.
Chinese EV makers challenging market leaders at auto show in Bangkok -
Friday, March 22, 2024
BANGKOK (AP) — Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show.
Companies like BYD, XPeng and Great Wall Motors are quickly growing their sales in Thailand, challenging longstanding market leaders like Toyota, Isuzu and Ford, as they expand exports across the globe.
29.
Honda, Nissan agree to work together in developing electric vehicles, intelligent technology -
Friday, March 15, 2024
TOKYO (AP) — Nissan and Honda announced Friday that they will work together in developing electric vehicles and auto intelligence technology, sectors where Japanese automakers have fallen behind.
The chief executives of Nissan Motor Co. and Honda Motor Co. appeared together at a news conference in Tokyo to announce that Japan's second and third biggest automakers will look into areas with a potential for collaboration.
30.
Edmunds’ top trucks, cars, EVs for 2024 -
Friday, February 2, 2024
Edmunds experts put their heads together each year to determine the best new vehicles on sale. The annual Edmunds Top Rated Awards are given to the cars, trucks and SUVs that rank at the top of their class according to Edmunds’ vehicle testing program.
31.
Japanese officials raid a Toyota group plant after the company admitted cheating on engine testing -
Friday, January 26, 2024
TOKYO (AP) — Japanese transport officials raided a Toyota-affiliated plant Tuesday after the company admitted to cheating on engine testing, as Toyota Motor Corp. reported it sold over 11 million vehicles in 2023 to retain its status as the world's top car manufacturer.
32.
Toyota chief apologizes for cheating on testing at group company – again -
Friday, January 26, 2024
TOKYO (AP) — Toyota chief Koji Sato apologized Monday to customers, suppliers and dealers for flawed testing at a group company, following a series of similar problems in recent years.
The apology came a day before Chairman Akio Toyoda is to announce a "global vision" for the Toyota Motor Corp. group.
33.
Japanese carmaker that faked safety tests sees long wait to reopen factories -
Friday, January 19, 2024
TOKYO (AP) — A Japanese automaker that cheated on safety tests for decades said Monday it doesn't expect to resume shipping cars any time soon.
The Japanese government ordered a subsidiary of Toyota to halt production of its entire lineup after reports of faked safety test results emerged last year.
34.
Japanese carmaker that faked safety tests sees long wait to reopen factories -
Friday, January 19, 2024
TOKYO (AP) — A Japanese automaker that cheated on safety tests for decades said Monday it doesn't expect to resume shipping cars any time soon.
The Japanese government ordered a subsidiary of Toyota to halt production of its entire lineup after reports of faked safety test results emerged last year.
35.
The best vehicles for achieving your resolutions -
Friday, January 12, 2024
Many of us will renew our vows to self-improvement in the form of New Year’s resolutions. For many of us, those commitments will unravel before summer. But if buying a new car is in your plans, why not tie it to a goal to last all year?
36.
Hydrogen energy back in the vehicle conversation at CES 2024 -
Friday, January 5, 2024
LAS VEGAS (AP) — While electric vehicles are gaining the lion's share of the attention for carbon-neutral technology at CES 2024, hydrogen energy has snuck its way back into the conversation thanks to two automotive giants.
37.
Toyota's small car unit Daihatsu raided after faked tests lead it to suspend all vehicle shipments -
Friday, December 22, 2023
TOKYO (AP) — Japanese transport ministry officials inspected Toyota subsidiary Daihatsu on Thursday, one day after officials announced it was suspending the small car unit's shipments of all vehicles in and outside Japan after an investigation found improper testing involving 64 models.
38.
Toyota's small car unit Daihatsu will suspend all vehicle shipments over widespread safety cheating -
Friday, December 15, 2023
TOKYO (AP) — Toyota Motor Corp. said Wednesday its subsidiary Daihatsu will suspend shipments of all its vehicles in and outside Japan in a damaging safety scandal after an investigation found improper testing involving 64 models.
39.
Toyota selling part of Denso stake to raise cash to develop electric vehicles -
Friday, November 24, 2023
TOKYO (AP) — Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan's top automaker said Wednesday.
The move is estimated to raise about 290 billion yen ($2 billion), given recent share prices. The number of shares Toyota Motor Corp. plans to sell total more than 124 million shares, lowering its stake in Denso Corp. from 24.2% to 20%, while remaining the top stakeholder.
40.
Toyota's profits zoom on cheap yen, strong global sales -
Friday, October 27, 2023
TOKYO (AP) — Toyota's July-September profit jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker's overseas earnings.
Toyota Motor Corp. reported Wednesday 1.28 trillion yen ($8.5 billion) in quarterly profit, up from 434 billion yen the previous year. Quarterly sales rose 24% to 11.43 trillion yen ($75.7 billion) from 9.22 trillion yen.
41.
Japan's automakers unveil EVs galore at Tokyo show to catch up with Tesla, other electric rivals -
Friday, October 20, 2023
TOKYO (AP) — "We love battery EVs." Takero Kato, the executive in charge of electric vehicles at Toyota, said that not once, but twice, to emphasize what he considers the message at this year's Tokyo auto show.
42.
Vietnam's Vinfast committed to selling EVs to US despite challenges, intense competition -
Friday, October 20, 2023
HAIPHONG, Vietnam (AP) — Vietnamese automaker Vinfast plunged right into the crowded and hypercompetitive U.S. auto market, gambling that if it can sell its electric vehicles to finicky Americans, it can succeed anywhere.
43.
Gas price anxiety? Here are the Top 5 2023 hybrids -
Friday, October 6, 2023
Are high gas prices burning a hole in your wallet? Then maybe it’s a good time to consider a hybrid vehicle.
Hybrids gain improved fuel efficiency thanks to specialized powertrains that combine a gas engine with at least one electric motor that’s powered by a battery pack that does not need to be plugged in. In many cases, the price difference between hybrid and non-hybrid models is small enough that the hybrid will pay for itself or save you money after just a few years of ownership.
44.
US steps toward forcing recall of 52 million air bag inflators that can explode and hurl shrapnel -
Friday, September 1, 2023
DETROIT (AP) — The U.S. government is taking a big step toward forcing a defiant Tennessee company to recall 52 million air bag inflators that could explode, hurl shrapnel and injure or kill people.
45.
Toyota's profits rise 78% on strong sales as the parts crunch eases -
Friday, July 28, 2023
TOKYO (AP) — Toyota's profit for the first fiscal quarter jumped to 1.3 trillion yen ($9 billion) — a quarterly record for Japan's top automaker — as sales grew and parts shortages related to the coronavirus pandemic eased.
46.
Toyota shareholders reject proposal demanding better performance on climate change -
Friday, June 9, 2023
TOYOTA, Japan (AP) — Toyota executives fielded challenges and reaped praise from investors at an annual general meeting Wednesday where shareholders ultimately rejected demands the automaker do better on fighting climate change.
47.
Japan's Toyota announces initiative for all-solid state battery as part of electric vehicles plan -
Friday, June 9, 2023
TOKYO (AP) — Toyota plans to make an all solid-state battery as part of its ambitious plans for battery electric vehicles, the company said Tuesday, amid mounting criticism Japan's top automaker needs to do more to fight climate change.
48.
Toyota debuts hydrogen-fueled race car as racing begins shift away from gas guzzlers -
Friday, June 2, 2023
OYAMA, Japan (AP) — In a sprawling circuit near Mount Fuji, a humble Corolla running on liquid hydrogen has made its racing debut, part of a move to bring the futuristic technology into the racing world and to demonstrate Toyota's resolve to develop green vehicles.
49.
Toyota, Daimler Truck, Hino, Mitsubishi Fuso joining forces in ecological technology -
Friday, May 26, 2023
TOKYO (AP) — German truck maker Daimler, Japan's top automaker Toyota and two other automakers said Tuesday they will work together on new technologies, including using hydrogen fuel, to help fight climate change.
50.
Toyota: Data on more than 2M vehicles in Japan were at risk in decade-long breach -
Friday, May 12, 2023
TOKYO (AP) — A decade-long data breach in Toyota's much-touted online service put some information on more than 2 million vehicles at risk, the Japanese automaker said Friday.
Spanning from January 2012 to April 2023, the problem with Toyota's cloud-based Connected service pertains only to vehicles in Japan, said spokesperson Hideaki Homma.
51.
Toyota's profits rise as global chips supply crunch subsides -
Friday, May 5, 2023
TOKYO (AP) — Toyota's January-March profit edged up 3% from the previous year on robust sales as a chips supply crunch gradually eased.
Toyota Motor Corp. racked up 552.2 billion yen ($4 billion) in quarterly net profit, up from 533.8 billion yen ($3.9 billion), according to results released Wednesday. Quarterly sales soared nearly 20% to 9.69 trillion yen ($72 billion).
52.
Japan's Honda outlines global strategy for electric cars -
Friday, April 21, 2023
TOKYO (AP) — Honda is gearing up for an electrification shift in North America with two models developed with General Motors going on sale next year and a bigger EV with a new platform in 2025, a year earlier than initially announced.
53.
Volkswagen unveils electric luxury sedan at China auto show -
Friday, April 14, 2023
SHANGHAI (AP) — Volkswagen unveiled an electric luxury sedan that promises a 700-kilometer (435-mile) battery range as global and Chinese automakers displayed their latest SUVs, sedans and muscle cars Tuesday at the world's biggest auto show.
54.
Toyota's CEO-to-be outlines leadership team bullish on EVs -
Friday, February 10, 2023
TOKYO (AP) — The next president at Japan's top automaker Toyota, Koji Sato, introduced a management team Monday that he said will lead an aggressive push on electric vehicles.
Sato stressed that "electrification" is a key theme for his team and promised to develop a totally new, next-generation electric vehicle by 2026.
55.
Toyota reports 8% drop in Oct-Dec profit, keeps forecast -
Friday, February 10, 2023
TOKYO (AP) — Toyota reported an 8.1% drop in fiscal third quarter profit Thursday, as a global shortage of computer chips and soaring raw material costs battering the auto industry hit Japan's top automaker.
56.
Toyota pushes zero-emission goals by converting old models -
Friday, January 13, 2023
CHIBA, Japan (AP) — To accelerate the global move toward sustainable vehicles, Toyota is suggesting simply replacing the inner workings of vehicles already on the roads with cleaner technology like fuel cells and electric motors.
57.
Survey finds bleak outlook for Japanese companies in 2023 -
Friday, December 30, 2022
TOKYO (AP) — Major Japanese companies have grown more pessimistic about the economy, given higher costs and a weaker yen, according to a survey by Kyodo News.
The survey of 117 companies found just over half, or 56%, expect the economy to grow this year. That was down sharply from 84% a year earlier, said the survey released Monday.
58.
Japan, Belgium to cooperate in chip production, development -
Friday, December 2, 2022
TOKYO (AP) — A newly founded Japanese semiconductor company aiming to revive Japan's chip industry signed an agreement on Tuesday to collaborate with a Belgian research organization in developing next-generation chips for production in Japan.
59.
Toyota shows new Prius hybrid with more power, range, style -
Friday, November 11, 2022
TOKYO (AP) — The new Toyota gas-electric Prius hybrid not only comes with more power, acceleration and driving range. It's also more stylish, scrapping the rather stodgy angular body for a sleekly futuristic look.
60.
Consumer Reports survey: Hybrids are most reliable vehicles -
Friday, November 11, 2022
DETROIT (AP) — Gas-electric hybrids were the most dependable vehicles sold in the U.S. in the past year, while big pickup trucks and fully electric automobiles performed the worst in Consumer Reports' annual reliability survey.
61.
Japan's economy shrinks as consumers hold back on spending -
Friday, November 11, 2022
TOKYO (AP) — The Japanese economy contracted at an annual rate of 1.2% in the July-September quarter, as consumption declined amid rising prices.
Seasonally adjusted real gross domestic product for the world's third-largest economy shrank 0.3% on-quarter, according to government Cabinet Office data released Tuesday. The annual rate shows how the economy would have grown if the quarterly rate were to continue for a year.
62.
Japan vies for 'last chance' as major global chip producer -
Friday, November 11, 2022
TOKYO (AP) — Japan is investing almost half a billion dollars to beef up semiconductor development and production in a "last chance" attempt to keep its position as a major player on the global technology stage, the government said Friday.
63.
Toyota reports quarterly profit decline amid chips crunch -
Friday, October 28, 2022
TOKYO (AP) — Toyota said Tuesday that its profit fell 31% in the last quarter as a shortage of computer chips offset foreign exchange gains from a weaker yen.
Toyota Motor Corp.'s quarterly profit through September totaled 434 billion yen, or $2.9 billion, down from nearly 627 billion yen a year earlier.
64.
Japanese automaker Nissan says it is pulling out of Russia -
Friday, October 7, 2022
TOKYO (AP) — Japanese automaker Nissan Motor Co. said Tuesday that it plans to sell its Russian operations to its local partner and withdraw from manufacturing there.
65.
Toyota bZ4X falls short in challenge to VW ID.4 -
Friday, September 23, 2022
Toyota largely pioneered hybrid vehicles, and its extensive lineup of gas-saving models today is a testament to that. But it’s taken a while for Toyota to finally come out with its first mass-market electric vehicle: the all-new 2023 Toyota bZ4X.
66.
LG, Honda to set up US joint venture to make EV batteries -
Friday, August 26, 2022
TOKYO (AP) — Major South Korean battery maker LG and Japanese automaker Honda are investing $4.4 billion in a joint venture in the United States to produce batteries for Honda electric vehicles in the North American market, the two companies said Monday.
67.
Japan's Honda sees declining profits on semiconductor crunch -
Friday, August 5, 2022
TOKYO (AP) — Honda's fiscal first quarter profit fell 33% from last year as a global computer chip shortage, a pandemic-related lockdown in China and the rising costs of raw materials hurt the Japanese automaker.
68.
Toyota's Japan flagship Crown car to debut on global markets -
Friday, July 15, 2022
TOKYO (AP) — Toyota's flagship model in Japan, the Crown, is going on sale around the world for the first time, including in the U.S.
"I'm so excited to announce today that this new Crown family of vehicles will be offered not just in Japan but globally for the very first time," its Chief Executive Akio Toyoda told reporters Friday.
69.
Chip shortage keeps driving up auto prices, cutting sales -
Friday, July 1, 2022
Chip shortage keeps driving up auto prices, cutting sales
By TOM KRISHER AP Auto Writer
DETROIT (AP) — The global semiconductor shortage is still vexing the auto industry. U.S. new vehicle sales were expected to tumble more than 20% in the second quarter compared with a year ago. Yet demand still outstripped supply from April through June, even with $5 per gallon gasoline, high inflation and rising interest rates. The low supply has raised prices to record levels, knocking many consumers out of the new-vehicle market. General Motors reported a 15% sales drop due largely to the chip shortage. Toyota sales are down 19% for the first half of the year and fell 18% in June. Stellantis posted a 16% decline.
70.
Toyota recalls electric car for faulty wheel that may detach -
Friday, June 24, 2022
TOKYO (AP) — Toyota is recalling 2,700 bZ4X crossover vehicles globally for wheel bolts that could become loose, in a major setback for the Japanese automaker's ambitions to roll out electric cars.
71.
Exec returns to Toyota as adviser after '15 arrest in Japan -
Friday, June 24, 2022
TOKYO (AP) — An American executive who resigned from Toyota after being arrested in Japan in 2015 on suspicion of drug law violations is back at the Japanese automaker, the company said Thursday.
Julie Hamp has been hired by Toyota Motor Corp.'s North American operations to support its chief executive, Akio Toyoda, and advise the company on global management, sustainability, governance and global media relations.
72.
Toyota's quarterly profit down on COVID parts crunch -
Friday, May 6, 2022
TOKYO (AP) — Toyota's profit declined 31% in the January-March quarter from the year before, but the Japanese automaker still wrapped up a year of record earnings.
Toyota Motor Corp. reported Wednesday a profit of 533.8 billion yen ($4.1 billion) in the last quarter, down from 777.1 billion yen the previous fiscal year. Quarterly sales rose nearly 6% to 8.1 trillion yen ($62 billion).
73.
Automakers drive south, powered by electricity -
Friday, May 6, 2022
It began with Nissan’s decision to bring a manufacturing plant to Tennessee in 1983.
Four decades later, Tennessee serves as the home of three major auto manufacturers – Nissan, GM and Volkswagen – with Ford on the way, and is the North American headquarters for Japan-based automotive giants Nissan, Mitsubishi and Bridgestone, all located in the Nashville area.
74.
Pricey pickups: Electric Rivian vs Ram 1500 -
Friday, April 29, 2022
Electrified vehicles are indiscriminate in their automotive expansion. First, it was hatchbacks and sedans, then SUVs. Next up: the pickup.
Electric variants of light-duty pickups are being developed by a number of automakers, but there’s one electric truck that’s already on sale: The all-new Rivian R1T.
75.
Chinese virus cases climb, raise threat of trade disruption -
Friday, March 11, 2022
BEIJING (AP) — Chinese authorities on Tuesday tightened anti-virus controls at ports, raising the risk of trade disruptions after some auto and electronics factories shut down as the government fights coronavirus outbreaks.
76.
Toyota restarting Japan plants after malware hits supplier -
Friday, February 25, 2022
TOKYO (AP) — Toyota plans to resume production at all of its 14 plants as of Wednesday, after they were idled for a day due to a cyberattack on a domestic supplier.
The supplier, Kojima Industries Corp., said Tuesday it had found a virus in its computer server. Details were under investigation, it said.
77.
Toyota's Japan production halted over suspected cyberattack -
Friday, February 25, 2022
TOKYO (AP) — Toyota is suspending production at all 28 lines of its 14 plants in Japan starting Tuesday, because of a "system malfunction" that a domestic supplier suspects is a cyberattack.
Kojima Industries Corp., based in Toyota city in central Japan, said Monday the problem could be a cyberattack as an error was detected in its computer server system.
78.
Toyota expands electric car parts production in Jackson -
Friday, February 11, 2022
BUFFALO, W.Va. (AP) — Toyota Motor Corp. announced Friday that it will further expand production of electric vehicle parts at plants in Jackson, Tennessee, and Buffalo, West Virginia, in a $90 million investment.
79.
COVID-19 truck blockade in Canada shuts down Ford plant -
Friday, February 11, 2022
TORONTO (AP) — A blockade of the bridge between Canada and Detroit by protesters demanding an end to Canada's COVID-19 restrictions forced the shutdown Wednesday of a Ford plant and began to have broader implications for the North American auto industry.
80.
Ford F-150 leaves Tundra out in the cold -
Friday, February 11, 2022
Ford’s F-150 has been the bestselling truck in America for more than four decades and it will likely continue that trend in 2022. But there’s another full-size truck that’s also garnering a lot of attention, the 2022 Toyota Tundra.
81.
Toyota's quarterly auto sales sag on computer chips crunch -
Friday, February 4, 2022
TOKYO (AP) — Toyota's profit slipped nearly 6% last quarter, the Japanese automaker said Wednesday, highlighting the headwinds automakers are facing in a computer chips crunch caused by the coronavirus pandemic.
82.
Toyota apologizes for suicide after overwork, harassment -
Friday, January 28, 2022
TOKYO (AP) — Toyota has settled a lawsuit that blamed overwork and harassment for the suicide of one of its employees.
Toyota Motor Corp. President Akio Toyoda has apologized to the family, the Japanese automaker said Tuesday. Monetary details of the settlement were not disclosed. The lawsuit filed by the worker's family had sought 123 million yen ($1.1 million) in damages, Japanese media reports said.
83.
Nissan, Renault to invest $26B in future electric vehicles -
Friday, January 28, 2022
TOKYO (AP) — The French-Japanese auto alliance of Renault and Nissan plans to invest 23 billion euros ($26 billion) in electric vehicle technology over the next five years, the companies said Thursday.
84.
Toyota production in Japan hit by parts crunch from COVID-19 -
Friday, January 21, 2022
TOKYO (AP) — The shortage of parts caused by the coronavirus pandemic is further denting production at Toyota, Japan's top automaker.
Production at 11 plants in Japan will be halted Friday, Saturday and next Monday, Toyota Motor Corp. said.
85.
New kids on the truck: Maverick vs. Santa Cruz -
Friday, December 31, 2021
Remember the compact trucks that were popular in the 1980s and 1990s? Well, they’ve made a comeback for the 2022 model year via the all-new Ford Maverick and Hyundai Santa Cruz.
Built on crossover platforms, the Maverick and Santa Cruz promise better fuel economy and ride more comfortably than traditional midsize or full-size body-on-frame pickups such as the Toyota Tacoma or Ford F-150. They can’t tow or haul as much as those trucks, but they’re easier to park and have enough utility to suit many buyers. So, which compact truck is the better purchase? Edmunds’ experts compared them to find out.
86.
Japan's Toyota promises more electric models, investment -
Friday, December 10, 2021
TOKYO (AP) — Japanese automaker Toyota is beefing up its electric vehicle lineup, offering 30 new fully electric models by 2030, its president, Akio Toyoda, said Tuesday.
Toyota Motor Corp. plans to sell 3.5 million electric vehicles globally in 2030, he said, up from its earlier plan to sell 2 million zero emission hydrogen and battery electric vehicles a year worldwide by 2030. Toyota now sells about 10 million vehicles globally a year.
87.
Toyota to build $1.3B battery plant near Greensboro, N.C. -
Friday, December 3, 2021
RALEIGH, N.C. (AP) — Toyota is preparing to build a $1.3 billion electric vehicle battery plant near Greensboro, North Carolina, that will employ at least 1,750 people, government officials said Monday.
88.
Nissan investing in electric vehicles, battery development -
Friday, November 26, 2021
TOKYO (AP) — Nissan said Monday it is investing 2 trillion yen ($17.6 billion) over the next five years and developing a cheaper, more powerful battery to boost its electric vehicle lineup.
The Japanese automaker's chief executive, Makoto Uchida, said 15 new electric vehicles will be available by fiscal 2030. Nissan Motor Co. is aiming for a 50% "electrification" of the company's model lineup, under what Uchida called the "Nissan Ambition 2030" long-term plan. Electrified vehicles include hybrids and other kinds of environmentally friendly models other than just electric vehicles.
89.
Japan Cabinet OKs record stimulus package to fix economy -
Friday, November 19, 2021
TOKYO (AP) — Japan's Cabinet approved on Friday a record 56 trillion yen ($490 billion) stimulus package, including cash handouts and aid to ailing businesses, to help the economy out of the doldrums worsened by the coronavirus pandemic.
90.
Japan's economy contracts on shrinking consumption, exports -
Friday, November 12, 2021
TOKYO (AP) — Japan's economy shrank at a 3% annual rate in the July-September quarter, as private consumption and auto production took a hit from efforts to curb the coronavirus pandemic.
Japan's gross domestic product, which measures the value of a nation's products and services, declined 0.8% from the previous quarter, the Cabinet Office said Monday.
91.
Biden bill includes boost for union-made electric vehicles -
Friday, November 12, 2021
WASHINGTON (AP) — President Joe Biden and Democrats in Congress are looking to give U.S. automakers with union employees the inside track on the burgeoning electric vehicle market, triggering vocal opposition from foreign trade partners and Republicans who worry that manufacturers in their home states will be placed at a competitive disadvantage.
92.
Nissan returns to profit, ups forecast despite chips crunch -
Friday, November 5, 2021
TOKYO (AP) — Nissan reported a profit for the July-September quarter, managing to reverse earlier losses despite challenges that include shortages of computer chips and rising costs for materials.
93.
Taiwan's TSMC to build first chip plant in Japan amid crunch -
Friday, November 5, 2021
TOKYO (AP) — Japanese electronics maker Sony and TSMC of Taiwan said Tuesday they plan to jointly build a computer chip plant in Japan with an initial investment of $7 billion.
The plant in the southwestern city of Kumamoto will be the first foundry in Japan for TSMC, one of the world's leading chipmakers. Construction will start next year for the plant to be up and running by 2024, employing 1,500 high-tech professionals.
94.
New Mazda cars will stop if driver suffers health problem -
Friday, November 5, 2021
TOKYO (AP) — Cars already know how to park themselves, warn drowsy drivers, steer back into the right lanes and propose map routes to destinations. The cars Mazda has in the works for next year in Japan know when drivers have a stroke or heart attack.
95.
Toyota lifts forecast despite pandemic's supply chain damage -
Friday, November 5, 2021
TOKYO (AP) — Japan's top automaker Toyota reported Thursday a 33% jump in second fiscal quarter profit, as it raised its full year forecast despite supply chain woes related to the coronavirus pandemic.
96.
Toyota testing hydrogen combustion engines in race cars -
Friday, October 22, 2021
TOKYO (AP) — Toyota said Monday it is testing hydrogen combustion engines in race cars as it works toward using the technology in commercial products.
Such engines burn hydrogen as fuel instead of gasoline, much like rockets. The Japanese automaker said testing the technology in race cars will allow it to collect data and try to fix problems on-site.
97.
The five to drive in 2022 that are worth the wait -
Friday, October 22, 2021
There are a number of new models on the horizon that promise big improvements. Buyers might find that holding out until they arrive nets them a forward-looking vehicle that leaves today’s models in the dust. Here are five of them coming out in the next three to six months that Edmunds’ experts believe will be worth the wait.
98.
Automakers step up pace on electric vehicle battery plants -
Friday, October 15, 2021
DETROIT (AP) — Global automakers and tech companies are stepping up the pace when it comes to building factories and prepare for what many believe will be a fast-moving transition from internal combustion engines to electric vehicles.
99.
Nippon Steel sues Japan business partner Toyota over patent -
Friday, October 15, 2021
TOKYO (AP) — Nippon Steel Corp. is suing Toyota Motor Corp. over a patent for a technology used in electric motors in a rare case of legal wrangling between Japan's top steelmaker and top automaker over intellectual property.
100.
Toyota banks on mobility technology for future growth -
Friday, September 24, 2021
TOKYO (AP) — Japanese automaker Toyota is revving up acquisitions in mobility technology, adding Renovo Motors Inc., a Silicon Valley software developer, to its Woven Planet team, which is working on automated driving.