Toyota Motor Corp
Foreign automaker stocks slide on Trump tariff fears
Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign town hall meeting, moderated by Arkansas Governor Sarah Huckabee Sanders, in Flint, Michigan, U.S., September 17, 2024. Brian Snyder | Reuters DETROIT — Stock prices of foreign automakers, including Chinese and German manufacturers, fell sharply on Wednesday amid concerns the U.S. will […]
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Volkswagen’s Scout Motors reveals first EVs as it shifts to include plug-in hybrids
Scout Terra pickup truck and Scout Traveler SUV concepts Scout NASHVILLE, Tenn. — Volkswagen-backed Scout Motors revealed its first electric vehicles Thursday and announced plans for the brand to expand its lineup to include an emerging type of plug-in hybrid electric vehicle in addition to EV models. Scout, a former American vehicle brand from 1961 […]
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Stellantis to sell, shutter large testing facility amid cost-cutting efforts
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine | Bloomberg | Getty Images DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, […]
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Chinese robotaxi firm Pony AI files for U.S IPO
Chinese tech giant Baidu’s robotaxis have grabbed about 10% of the ride-hailing market in a Beijing suburb, the company said Tuesday Vcg | Visual China Group | Getty Images China-based autonomous driving firm Pony AI, backed by automaker Toyota, filed for an initial public offering in the U.S. on Thursday, in another sign of growing investor interest in new […]
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U.S. new vehicle sales expected to have struggled during third quarter
New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot on October 03, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images DETROIT — U.S. sales of new vehicles are expected to have struggled during the third quarter amid economic and political uncertainties, as well as elevated interest rates and […]
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Biden proposes banning Chinese vehicles from U.S. roads with software crackdown
U.S. President Joe Biden announces increased tariffs on Chinese products to promote American investments and jobs in the Rose Garden of the White House on May 14, 2024 in Washington, DC. Win Mcnamee | Getty Images The U.S. Commerce Department on Monday proposed prohibiting key Chinese software and hardware in connected vehicles on American roads […]
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Automakers are getting back into advertising’s biggest arena: NFL
Toyota’s “We Roll Deep Anthem” spot includes fans and NFL stars “setting off on an adrenaline-packed NFL adventure.” Screenshot Automakers are rushing back into advertising during the National Football League season after a slowdown in recent years. Toyota Motor Corporation, Hyundai Motor Company and the Detroit automakers are among those expected to capitalize on the […]
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‘Hot money is saying sayonara’: Japan fund manager names outperforming sector to buy amid sell-off
As Japanese stocks plummet, confirming a bear market, there are opportunities in small-cap and domestic-focused companies, according to fund manager Richard Kaye. Kaye, one of the co-fund managers behind the Growth Japan fund at Comgest, believes the current market turmoil presents a chance to invest in overlooked sectors as foreign investors exit certain positions. The […]
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CNBC’s Inside India newsletter: Modi in Moscow. What’s new?
Russia’s President Vladimir Putin and Indian Prime Minister Narendra Modi take a walk during an informal meeting at the Novo-Ogaryovo state residence, outside Moscow, on July 8, 2024. (Photo by Gavriil GRIGOROV / Sputnik POOL / AFP) (Photo by GAVRIIL GRIGOROV/POOL/AFP via Getty Images) Gavriil Grigorov | Afp | Getty Images This report is from […]
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U.S. car sales are predicted to gradual during the 2nd fifty percent of 2024
Autos sit on a Chevrolet dealership’s whole lot on June 20, 2024 in Chicago, Illinois. A cyber assault on CDK World-wide, a software package company that can help dealerships control product sales and support, has crippled the workflow at close to 15,000 dealerships across the United States and Canada. Scott Olson | Getty Photographs DETROIT […]
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