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Toyota says replacing Akio Toyoda as president, CEO

Agence France-Presse
Posted at Jan 26 04:47 PM

Toyota named its new president, CEO, and operating officer, replacing third-generation chief executive Akio Toyoda, who will become board chairman. Read more »

US auto giant Ford to axe 3,200 jobs in Germany: union

Agence France-Presse
Posted at Jan 24 08:24 AM

US auto giant Ford is planning to axe 3,200 jobs in Germany, a union said, adding it was extremely concerned about the future of the company's sites in Europe's top economy. Read more »

Ang family's luxury car firm CATS partners with Inchcape

Jekki Pascual, ABS-CBN News
Posted at Jan 18 03:45 PM

Luxury car distributor CATS Group of Companies on Monday said it would form a joint venture with global automotive distributor Inchcape. Read more »

Ford to spend $1-B more than expected on supplier costs

Agence France-Presse
Posted at Sep 20 08:37 AM

Ford said that inflation-related supplier costs during the third quarter will run about $1 billion higher than originally expected. Read more »

Ford to cut thousands of jobs in transition to electric: US media

Agence France-Presse
Posted at Jul 21 03:29 PM

US carmaker Ford is preparing to cut several thousand jobs to reduce costs and intensify its transition to electric vehicles, US media reported on Wednesday. Read more »

Vietnam's VinFast announces $2-B US electric car factory

Agence France-Presse
Updated as of Mar 30 09:35 AM

Vietnamese car manufacturer VinFast announced it will build a $2 billion electric vehicle factory in the US state of North Carolina amid its push to enter the competitive global market for EVs. Read more »

Dancing Musk hands drivers first Teslas from new German gigafactory

Victoria Waldersee and Nadine Schimroszik, Reuters
Posted at Mar 23 08:30 AM

Elon Musk was cheered as he oversaw the handover of Tesla's first German-made cars at its Gruenheide plant on Tuesday, marking the start of the US automaker's inaugural European hub just two years after it was first announced. Read more »

BMW recalling 1.03-M vehicles worldwide on engine fire risk

David Shepardson, Reuters
Posted at Mar 10 08:41 AM

The new recall includes 917,106 vehicles in the United States, 98,000 in Canada, and 18,000 in South Korea, BMW said. Read more »

Tesla undertaking 4th car recall in two weeks

Agence France-Presse
Posted at Feb 11 08:36 AM

Tesla was recalling over a half a million US electric cars due to a "Boombox" feature that can drown out audible warnings for pedestrians, in the fourth recall made public in two weeks, records showed Thursday. Read more »

Toyota quarterly net profit beats estimates despite chip shortage

Agence France-Presse
Posted at Feb 09 01:47 PM

Toyota on Wednesday logged a 791.7 billion yen ($6.8 billion) net profit for the three months to December, beating forecasts even as a global chip shortage led to production cuts. Read more »

Elon Musk exercises Tesla options, sells $1.1B in shares to cover taxes

Hyunjoo Jin and Noel Randewich, Reuters
Posted at Nov 11 09:52 AM

Tesla Chief Executive Elon Musk sold about $1.1 billion worth of shares to cover tax obligations on options exercise, the billionaire reported in filings on Wednesday. Read more »

Nissan triples profit forecast despite chip crunch

Agence France-Presse
Posted at Nov 10 08:30 AM

Nissan tripled its full-year net profit forecast on Tuesday as it rebounded from the impact of the pandemic with a strong quarterly performance, saying it expected to withstand challenges including the chip crunch and rising raw material prices. Read more »

Tesla launches China data center to store data locally

Reuters
Updated as of May 26 09:16 AM

US electric vehicle maker Tesla Inc said on Tuesday it has established a data center in China to store car data locally.   Read more »

Why Apple has chips for iPhones while Ford got caught short

Jonathan Weber and Stephen Nellis, Reuters
Posted at Apr 30 08:34 AM

On the same day that Ford Motor Co said it would be able to produce only half as many cars as planned due to a global chip shortage, Apple Inc announced blowout quarterly earnings as smartphone and computer sales soared, with the chip shortage having only a small impact on its business. Read more »

Lyft to sell autonomous driving unit for $550 million to Toyota

Agence France-Presse
Posted at Apr 27 08:46 AM

The Lyft operations known as Level 5 will be folded into Woven Planet Holdings, a subsidiary of Toyota Motor Corporation, which will create a team of some 1,200 working on self-driving technology in Japan, the United States and Britain Read more »

Tesla reports higher profits, says expansion on track

Agence France-Presse
Posted at Apr 27 08:42 AM

Tesla reported a jump in first-quarter profits Monday on surging electric vehicle sales, and the manufacturer said it was on track to boost automotive capacity at factories in three countries. Read more »

Hybrid leader Toyota turns on electrics

Agence France-Presse
Posted at Apr 20 08:52 AM

Toyota, which pioneered hybrid cars, unveiled Monday plans for its first global line-up of battery electric vehicles as other carmakers have pulled ahead in electrification.   Read more »

Xiaomi, Great Wall Motor shares surge after report on electric vehicle plan

Reuters
Posted at Mar 26 03:37 PM

Shares in China's Xiaomi Corp jumped as much as 6.71 percent in early trade on Friday after Reuters exclusively reported the company's plan to make electric vehicles using Great Wall Motor Co Ltd's factory.   Read more »

Battling for batteries: Two Korean companies court Washington

David Shepardson and Ben Klayman, Reuters
Posted at Mar 18 08:49 AM

When US President Joe Biden flies to Georgia Friday, he will land in the middle of an increasingly politicized battle between two South Korean electric vehicle battery makers and the state and federal politicians who want to prevent their feud from costing American jobs.   Read more »

Tesla temporarily halts production at Model 3 line in California

Reuters
Posted at Feb 25 08:17 PM

Tesla Inc has told workers it will temporarily halt some production at its car assembly plant in California, Bloomberg News reported on Thursday, citing a person familiar with the matter. Read more »