Toyota downgrades EV forecast in quest for record profits; quarterly net income nearly triples

Toyota downgrades EV forecast in quest for record profits; quarterly net income nearly triples

Riding an upswing in all-time-high quarterly earnings, Toyota downgraded its outlook for EV sales but...

Renault’s Ampere ambitions tested by choppy IPO, slow EV markets, report says

Renault aims to extract more value from Ampere through an initial public offering, but is...

1November 2023

New 2023 Polestar 4 is brand’s lowest-carbon car

The Polestar 4 will be priced between £50,000 and £65,000 Rakish SUV-coupé with up to...

Aston Martin reports loss as DB12 hits production snags

DB12 production has been affected by “supplier readiness” and delays in integration of its new...

Stellantis shuffles China leadership, names executives to Leapmotor board

Stellantis CEO Carlos Tavares has given PSA veteran Gregoire Olivier and former Fiat Chrysler executive...

1November 2023

Tesla’s electric car cost-cutting is a ‘huge gift’ for Ford

Lessons from Model Y can help Ford reduce cost of building Mustang Mach-E Ford boss...

1November 2023

Electric Mercedes-AMG GT63 replacement due 2025 with 1000bhp

The AMG GT Four Door will be tasked with taking on the Porsche Taycan and...

Toyota quarterly profit surges on strong sales, weak yen

Toyota now expects full-year operating profit to balloon 65 percent to 4.5 trillion yen ($30.15...

Opel taps techno beats to help electric Corsa compete against Chinese EVs

In Europe’s race to compete with Chinese EVs, the Stellantis brand is targeting younger buyers...

Tesla wins first U.S. Autopilot trial involving fatal crash

Tesla won the first U.S. trial over allegations that its Autopilot driver assistant feature led...

Peugeot to launch new 5008 in 2024 with EV focus

The 5008 is expected to debut primarily as a full-electric model. It will be built...

Toyota quarterly profit surges on strong sales, weak yen

Toyota now expects full-year operating profit to balloon 65 percent to 4.5 trillion yen ($30.15...

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