Toyota Motor Corp
Mazda to nominate former North America head as the up coming CEO
Masahiro Moro serves as Mazda’s director and senior handling government officer. Mazda Mazda will appoint Masahiro Moro, director and senior controlling government officer, as its new president and CEO, the Japanese automaker claimed on Friday. The 62-yr-old, a 40-12 months company veteran who earlier served as the head of the automaker’s North America functions, will […]
Read More
Ford warned F-150 Lightning owners about separate EV battery issue before this month’s fire
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – A defective battery that caused a Ford F-150 Lightning in the company’s possession to catch fire earlier this month isn’t the only problem the Detroit automaker has recently […]
Read More
EVs like the Tesla Model 3 and Toyota hybrids dominate Consumer Reports’ top auto picks
A Toyota RAV4 Prime electric car is recharged October 3, 2022 at a charging station at the town hall in Charlotte, Vermont. Robert Nickelsberg | Getty Images After years of being touted as a smarter option for car buyers seeking better fuel efficiency and lower costs, hybrids and EVs are getting a big endorsement from […]
Read More
Why you won’t see many car ads during Sunday’s Super Bowl
Automakers – historically among the largest Super Bowl advertisers – are mostly bypassing this Sunday’s NFL championship game to preserve cash or spend ad dollars elsewhere. The only automakers expected to advertise during Sunday’s game between the Philadelphia Eagles and Kansas City Chiefs on Fox are General Motors, Kia and Stellantis‘ Ram and Jeep brands. […]
Read More
Super Bowl ad curse? The stocks of these Big Game advertisers didn’t fare so well
New England Patriots fans erupt as the Seattle Seahawks Russell Wilson’s pass is intercepted at the goal line to ensure the victory for the New England Patriots in Super W 49. Bob Berg | Moment Mobile | Getty Images In a fragmented media landscape, events like the Super Bowl are prized by advertisers for the […]
Read More
Toyota unveils new Grand Highlander, expanding hybrid crossover lineup
2024 Toyota Grand Highlander Toyota CHICAGO — Toyota Motor is expanding its segment-leading, three-row crossover lineup with the new 2024 Grand Highlander, including two gas-powered hybrid offerings. The automaker revealed the vehicle as a bigger sibling to the Toyota Highlander midsize SUV/crossover on Wednesday night. It is longer and wider than the Highlander and provides […]
Read More
Toyota is investing $35 billion into EVs. But some say it may be too late.
The world’s largest automaker, Toyota, is battling criticism it is behind rivals on electric vehicles, and is even working to try and block the transition to zero-emission electric fleets. But the automaker says it does believe in an all-electric future. It just maintains that future will not reach all of Toyota’s markets at the same […]
Read More
10 auto industry predictions for investors to keep an eye on this year
A customer looks at a vehicle at a BMW dealership in Mountain View, California, on Dec. 14, 2022. David Paul Morris | Bloomberg | Getty Images DETROIT — Wall Street and industry analysts remain on high alert for signs of a “demand destruction” scenario for the U.S. automotive industry this year as interest rates rise […]
Read More
Lithium corporation Ioneer scores $700 million conditional bank loan from Electrical power Office for Nevada plant
Lithium firm Ioneer said Friday that it is secured a conditional determination for a financial loan of up to $700 million from the Office of Electricity as the U.S. seeks to develop new supply chains for materials that are essential to the vitality transition. Ioneer is acquiring the Rhyolite Ridge Lithium-Boron Challenge in Esmeralda County, […]
Read More
Automakers are cautiously optimistic for a 2023 rebound after worst new vehicle sales in more than a decade
New Jeeps on display at a New York City car dealership on Oct. 5, 2021. Spencer Platt | Getty Images DETROIT — Automakers are hopeful last year’s new vehicle sales — the worst in more than a decade — will mark a bottom for the market, at least in the near term. Industry estimates range […]
Read More