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Toyota raises earnings forecast, Cybertruck and Apple Vision Pro, new Honda recall

Inside Automotive

Jake Fisher joins Inside Automotive to discuss how product evaluation platform Consumer Reports tests and rates hybrids and electric vehicles.How do hybrids compare to electric and ICE vehicles? — Jake Fisher | Consumer Reports
For almost a century, Consumer Reports has played a critical role in improving transparency across many industries and guiding buyers to the right products and bands. This is especially true for the retail automotive sector, where expectations for safety and reliability are much higher than in other businesses. On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Jake Fisher, senior director of automotive testing at Consumer Reports. Watch full segment here.

Top Stories

Toyota raised its profit guidance ahead of analyst expectations after completing a successful third quarter, which saw higher hybrid sales.Toyota raised its annual earnings forecast for 2023 after besting analyst expectations in the third quarter. The Japanese automaker generated roughly $11.3 billion in operating profit for the third quarter ending December 31, about $2.5 billion ahead of average analyst expectations. Its success was driven in part by sales of hybrids, which rose 46%, and a 28% sales increase in North America, the brand’s largest market. Read More

Pete Buttigieg warns drivers after a video emerged showing a man driving a Tesla Cybertruck while wearing Apple's Vision Pro headsetU.S. Transportation Secretary Pete Buttigieg issued a warning to drivers on February 5 after a video emerged showing a man driving a Tesla Cybertruck while wearing what appeared to be Apple’s recently launched Vision Pro headset. Buttigieg emphasized that drivers must remain alert while driving. Buttigieg responded on X to the video, which has over 24 million views, of a Tesla driver manipulating a virtual reality field with their hands. Read More

Krause Auto Group has acquired three dealerships from Sutherlin Automotive in a landmark deal, totaling over $110 million.Krause Auto Group has acquired three dealerships from Sutherlin Automotive in a landmark deal. The purchase includes Sutherlin Nissan of Fort Myers, Sutherlin Genesis of Fort Myers, and Sutherlin Nissan of Cape Coral, totaling over $110 million. CEO Vernon Krause expresses the acquisition is a way to expand his business and return to his roots. Read More

Honda is recalling more than 750,000 vehicles in the U.S. over faulty weight sensors that can cause airbags to deploy at the wrong time.Honda is recalling more than 750,000 vehicles in the U.S. over defective sensors that can cause airbags to deploy when a child or small adult is in the front seat. According to the automaker’s filing with the National Highway Traffic Safety Administration (NHTSA), the recall covers 2020-2022 Honda Pilots, Accords, Civid sedans, HR-Vs, and Odysseys, 2021-2022 Civic hatchbacks, 2021 Civic Type Rs and Insights, 2020-2021 CR-Vs, CR-V hybrids, Passports, Ridgelines, and Accord Hybrid, and 2020 Fits and Civic Coupes. Read More

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