Toyota Accelerates Local Development of Intelligence and Electrification Towards Enhancing Competitiveness in the Chinese Market

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Subaru aiming for 50% BEV sales by 2030

August 2, 2023 10:30 AM EDT

On Wednesday, Subaru made an announcement outlining their ambitious goal of achieving annual sales of 600,000 battery electric vehicles (BEVs) by the year 2030. This impressive target is set to account for 50% of the company's total global sales volume.

The company said it would aim to sell 400,000 battery EVs in the United... More

Toyota (TM) to bring new hybrid Land Cruiser to North America

August 2, 2023 8:13 AM EDT

Japanese automaker Toyota, on Wednesday, unveiled the first hybrid version of its Land Cruiser. The company aims to make a significant impact by bringing this high-margin and iconic sports utility vehicle to North America and other key markets.

Toyota said it will produce the new model of the brand that traces its roots to 1951, and a... More

Toyota (TM) trades up following strong 1Q operating results

August 1, 2023 8:17 AM EDT

Toyota Motor (NYSE: TM) is up 1.83% in pre-market trading Tuesday morning after releasing its 1Q earnings report. The Japanese auto maker's operating profit in the first quarter almost doubled to JPY 1.1TN, marking a significant 94% year-on-year growth. This impressive performance was attributed to higher sales and productivity, as well as the favorable impact of a weaker yen.

"Sales volumes across all... More