Cops Raid Toyota Plant In Japan

Cops Raid Toyota Plant In Japan

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

China poses growing threat to U.S. auto industry

China poses growing threat to U.S. auto industry

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

Elon Musk wants more control of Tesla, seeks 25% voting power

Elon Musk wants more control of Tesla, seeks 25% voting power

Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023.  Tolga Akmen | Bloomberg | Getty Images Tesla and SpaceX CEO Elon Musk, who also owns the social network X (formerly known as … Read more

Hertz Is Getting Rid Of 20,000 EVs

Hertz Is Getting Rid Of 20,000 EVs

Happy Friday! It’s January 12, 2024, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. Jalopinions | The Best Type is Jaguar’s E-Type 1st Gear: Hertz Is Selling A Third Of Its … Read more

Japan wants higher returns for investors — here’s what it’s doing

Japan wants higher returns for investors — here’s what it’s doing

Flag of Japan on dark blue background. 3D render Da-kuk | E+ | Getty Images Japan is stepping up efforts to ensure its listed companies become more efficient with capital allocation and increase shareholder returns this year. The operator of Tokyo’s stock exchange will release Monday, its first monthly list of public companies that have … Read more

Top 10 best-selling cars in the U.S. in 2023

Top 10 best-selling cars in the U.S. in 2023

2023 Ford Super Duty F-350 Limited Ford DETROIT – America maintained its love affair with pickup trucks in 2023 — but a top-selling vehicle from Toyota Motor nearly ruined their tailgate party. Sales of the Toyota RAV4 compact crossover came within 10,000 units of Stellantis‘ Ram pickup truck last year, a near-No. 3 ranking that … Read more

Ford reports 7.1% increase in U.S. vehicle sales

Ford reports 7.1% increase in U.S. vehicle sales

2024 Ford F-150 PowerBoost Platinum hybrid Ford DETROIT – Ford Motor’s U.S. sales increased about 7% last year, marking the automaker’s best sales since 2020 but coming in lower than the overall industry’s growth. Ford on Thursday reported sales of nearly 2 million vehicles in 2023, a 7.1% increase from the previous year. The company … Read more

VinFast Has Officially Entered The Dealer Game

VinFast Has Officially Entered The Dealer Game

Happy Wednesday! It’s December 27, 2023, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. 1st Gear: VinFast Has A Dealership Now Most modern automakers are eyeing the direct-to-consumer route for selling … Read more

Companies losing pricing power after years of unbridled spending

Companies losing pricing power after years of unbridled spending

Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week … Read more

Inflation has created a dark cloud over how everyday Americans view the economy

Inflation has created a dark cloud over how everyday Americans view the economy

Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois. Scott Olson | Getty Images When Kyle Connolly looks back at 2023, she sees it as a year defined by changes and challenges. The newly single parent reentered the workforce, only to be laid off from her job at … Read more