Toyota Announces Plans to Cut Global Production Amid Chip Shortage
Toyota Motor Corp will cut global production by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage.
Toyota Motor Corp will cut global production by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage.
Port congestion in China, closures in Ukraine, and ongoing supply chain issues will not slow output, reported Milan Nedeljkovic, production chief for BMW AG.
High gas prices lead more shoppers to consider traditional sedans and hybrids in the first quarter of 2022, likely benefiting Toyota.
S&P research shows the average vehicle age rose to 12.2 years in 2022, representing a 2% increase from 2021.
The 2022 Working Relations Index shows Toyota in first place, with Honda rapidly closing in.
Editors recommend best new vehicles for recent college graduates.
Notable recent auction sales include a 2017 Ferrari LaFerrari Aperta.
General Motors hopes its Ultium platform, which consists of batteries, motors, software and other components, will help it grow EV market share and overtake Tesla as the No. 1 EV maker.
The company plans to offer insurance coverage to 80% of the U.S., before taking its insurance offering international.
The Illinois Secretary of State Police temporarily blocked Carvana’s dealer license for failing to properly transfer vehicle titles.
New-vehicle affordability declined slightly in April despite revised data indicating stronger income gains, according to the latest Cox Automotive/Moody’s Analytics Vehicle Affordability Index.
The challenge arises over the EPA decision to reinstate the waiver and withdraw its interpretation of the Clean Air Act that would prohibit other states from adopting California’s more stringent vehicle greenhouse gas emission standards.
Automated vehicle-inspection data now available through CDK Drive dealership management system will help write repair orders and improve customer service.
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