TOKYO — Japanese transport officials raided the plant of a Toyota group company on Tuesday to investigate cheating on engine testing, as the company reported it kept its status as the world’s top automaker in 2023, selling 11.2 million vehicles. Hours after the probe began at Toyota Industries Corp.’s plant in Hekinan, Aichi Prefecture, central … Read more
SHANGHAI, CHINA – NOVEMBER 12, 2023 – Customers experience Luxeed S7, the first intelligent pure electric vehicle, at Huawei’s flagship store in Shanghai, China, November 12, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — Chinese telecommunications and smartphone giant Huawei is doubling down on selling its tech in … Read more
TOKYO — Honda Motor Co.’s profit jumped 34% in July-September from a year earlier as a weak yen helped boost the Japanese automaker’s strong overseas earnings thanks to healthy demand, especially in the U.S. Tokyo-based Honda’s profit rose to 254 billion yen ($1.7 billion) from 189 billion yen. Quarterly sales gained 17% to 4.9 trillion … Read more
Ford is delaying about $12 billion in planned investments on EVs, including construction of a second battery plant with joint venture partner SK On due to softening demand for higher priced premium electric vehicles. CFO John Lawler emphasized Thursday during the company’s third-quarter earnings call that the company wasn’t backing away from its next-generation EV … Read more
German automaker BMW on Saturday launched a hotly anticipated electrical idea automotive, saying the so-called “Imaginative and prescient Neue Klasse” represents the daybreak of a brand new period for the corporate. BMW’s newest design showcases a platform that can underpin the model’s subsequent technology of electrical autos. The primary electrical autos primarily based on the Neue … Read more