Subaru joins forces with Toyota for 3 electric SUVs, profits surge

Subaru Electrifies Lineup with Toyota’s Help, Announces Soaring Profits Subaru is hitting the gas pedal on electric vehicles (EVs) by teaming up with Toyota to develop three new electric SUVs by 2026. This strategic partnership aims to minimize risks in a rapidly evolving EV market while capitalizing on Subaru’s recent financial success. Electric SUVs on…

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Hybrid Triumph: Toyota’s 4.9 Trillion Yen Profit Propels Company to New Heights

Toyota’s Record Profits Driven by Hybrid Demand and Weak Yen: Toyota, the Japanese automotive giant, has announced unprecedented profit and sales figures, attributing its success to the combination of a weak yen and soaring demand for hybrid vehicles. In the fiscal year ending in March, Toyota achieved a net profit of 4.94 trillion yen ($31.9…

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China’s New Energy Vehicle Market Surpasses Conventional Fuel Vehicles in April 2024.

In a groundbreaking development, the retail volume of Chinese domestic new energy vehicles (NEVs) soared past 260,000 units in the first half of April. This remarkable surge marks a substantial 32% year-on-year increase, as reported by the China Passenger Car Association (CPCA). More significantly, it signifies a historic moment as NEVs outpaced conventional fuel vehicles…

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China-made vehicles will comprise a quarter of Europe’s EV sales this year, study shows

China-made vehicles will comprise a quarter of Europe’s EV sales this year, study shows A new policy analysis indicates that China-made electric vehicles (EVs) are set to capture a significant portion of the European market this year, marking a substantial increase from previous years. Rising Share of China-made EVs According to the analysis, China-made EVs…

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Bentley delays all-EV plan amid changing market conditions, vehicle development challenges

Bentley delays all-EV plan amid changing market conditions, vehicle development challenges

Bentley delays all-EV plan amid changing market conditions, vehicle development challenges Bentley Motors, known for its luxury vehicles, has decided to shift its strategy regarding the transition to all-electric vehicles (EVs) due to evolving market conditions and a delay in the release of its first EV model. Delay in All-Electric Vehicle Plans Initially, Bentley aimed…

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Volkswagen quits Australia auto lobby committee as fight grows over green fuel standards

Volkswagen quits Australia auto lobby committee as fight grows over green fuel standards

Volkswagen quits Australia auto lobby committee as fight grows over green fuel standards In a decisive move reflecting a shifting landscape within the automotive industry, Volkswagen Australia announced its departure from the policymaking committee of the Federal Chamber of Automotive Industries. This decision comes shortly after Tesla’s withdrawal from the same group, signaling a divergence…

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