Japanese national flag fluter at the Bank of Japan headquarters in Tokyo on December 19, 2023. The Bank of Japan on December 19 maintained its long-standing, ultra-loose monetary policy and offered no guidance on its plans in the new year, sending the yen down against the dollar and boosting stocks. (Photo by Kazuhiro NOGI / … Read more
Andrew Merry | Moment | Getty Images DETROIT — The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup … Read more
Japan bar chart graph with ups and downs, increasing values, concept of economic recovery and business improving, businesses reopen, politics concept with flag Elif Bayraktar | Istock | Getty Images Speculation is swirling that the Bank of Japan may move to exit the world’s last negative rate policy as early as next week, when policymakers … Read more
Good morning! It’s Thursday, March 7, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: Arsonists Shut Down German Tesla Plant For Weeks Tesla’s Gigafactory in Germany isn’t expected to have … Read more
Toyota hybrid vehicles for sale at a dealership in Chicago, Feb. 6, 2024. Scott Olson | Getty Images Hybrid vehicles led the 2024 top vehicle rankings released Tuesday by influential product testing organization Consumer Reports. Such “electrified” vehicles, including plug-in hybrid models, represented six of the top 10 picks by the nonprofit consumer organization. The … Read more
Pedestrians walking across with crowded traffic at Shibuya crossing square. Jaczhou | E+ | Getty Images Japan’s Nikkei 225 hit a record high on Thursday as robust corporate profitability and steps aimed at boosting investor returns fuel a blistering rally in Japanese equities this year. The Nikkei 225 hit 38,924.88, surpassing the previous record high … Read more
Akio Toyoda, Chairman of Toyota Motor Corp. Yoshikazu Tsuno | Gamma-rapho | Getty Images Toyota Motor is investing $1.3 billion in a Kentucky plant to produce a new all-electric, three-row SUV for the U.S. market, the company said Tuesday. The vehicle is expected to go into production between late 2025 and early 2026, according to a … Read more
Jakub Porzycki | Nurphoto | Getty Images TSMC on Tuesday said it will open a second manufacturing plant in Japan with backing from technology giant Sony and automaker Toyota. Japan Advanced Semiconductor Manufacturing, Inc. (JASM), the manufacturing operation majority-owned by TSMC, will begin building the new factory this year and aims to bring it into … Read more
Photo: Yoshikazu TSUNO (Getty Images) Toyota is having a bad time. The company’s kei car wing has been forging crash test results, and its diesels have had “irregularities” in horsepower and torque ratings — irregularities so vast, apparently, that Japanese officials had to raid one of the company’s factories today. Jalopinions | The Best Type … Read more
A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) Vcg | Visual China Group | Getty Images DETROIT – Chinese automakers pose a growing threat to their American counterparts — even without selling directly to consumers in the U.S. … Read more
