Tag: Toyota
Toyota commits $3.4 billion to battery development in US
On Monday, Toyota Motor North America unveiled a plan to spend billions of dollars on automotive battery development in the US. The carmaker also intends to build a new battery manufacturing plant along with Toyota Tsusho that will begin producing batteries by 2025. The $3.4 billion-dollar announcement is for projects through 2030. They include producing […]
Why this GM is modeling his dealership after the likes...
After spending more than 27 years in retail automotive, General Manager of Germain Toyota of Naples, Brian Kramer, has been featured in F&I Magazine and has also been a past recipient (2012) of Automotive News’ 40 under 40 Awards. Today, he joins our show to discuss what business looks like for him in the current […]
NHTSA probe launched into 30 million more Takata airbags
On Monday, the National Highway Traffic Safety Administration announced that yet another potential airbag inflator recall could be on the way. Takata airbag inflators in as many as 30 million more vehicles are being investigated by the government agency as potentially defective. A document exclusively seen by Reuters on Sunday indicates that vehicles between the […]
First electric pickup truck rolls off Rivian assembly line
On Tuesday, Rivian achieved a monumental milestone for the electrified auto market by becoming the first carmaker to produce a sale-able mass-market EV pickup truck. The company produced the first Rivian R1T pickup intended for a customer at its manufacturing plant in Normal, Illinois. Rivian CEO RJ Scaringe tweeted, “After months of building pre-production vehicles, […]
New shutdowns are coming to U.S. manufacturers
Automotive assembly plant shutdowns are accelerating, and the future doesn’t provide much optimism for improvement. With today’s vehicles filled with up to 1,500 chips, manufacturers have to go on a chip diet at best and, in most cases, go on a long-term fast. GM, Stellantis, and Ford are currently delaying the production of over 855,000 vehicles, […]
Carmakers scale back production further on semiconductor shortage
Halfway around the globe in Malaysia, COVID-19 cases have spiked badly in the past five weeks, and daily case counts in the nation of around 32 million have been surpassing 20,000 consistently. At least one Malaysian semiconductor chip supplier has been asked to shut their doors for the week by the government due to an […]
Carmakers exceed expectations for Q2 profit in the US
As anticipated, the first few days in August have second-quarter financial reports rolling in from carmakers. In large part, Q2 2021 has been one of the best on record with profits exceeding the forecasts set earlier in the year as the chip shortage was factored in. GM, Stellantis, Toyota, Hyundai, Mazda, and others are into […]
Cox Automotive’s Charlie Chesbrough on what the industry can expect...
Here to give us an overview of the first half of 2021 and what we can expect from the balance of the year is Charlie Chesbrough, Senior Economist and Senior Director of Industry Insights at Cox Automotive. Chesbrough begins the conversation by discussing his assessments of how the U.S. auto market performed in the first […]
How the microchip shortage is progressing
Like most industries, the auto industry has continued to grapple with the effects of the pandemic while trying to find ways to overcome them. Despite revamped planning and operations, many automakers are still being impacted by the detrimental semiconductor microchip shortage that is delaying and canceling the production of thousands of vehicles. Microchips are also […]
Mixed bag of EV announcements leaves future of auto industry...
The past few days have been busy with news stories and announcements from within and about the auto industry. Although electrified models continue to be a hot topic, their news has been tempered by other government meetings and statements by carmakers that indicate the future may not be all about electric – at least, not […]
