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Toyota Motor Corp. the largest Japan carmaker said the company felt a sense of crisis as the company braced for two consecutive years of falling profits and Toyota would streamline operations to bolster margins. The company’s operating profit tumbled 20 percent to 438.9 billion yen ($3.94 billion) in the carmaker’s fiscal fourth quarter ended March 31. Net income slid 6.6 percent to 398.4 billion yen ($3.58 billion), the company said Wednesday while announcing full-year earnings results. Revenue increased 6.8 percent to 7.44 trillion yen ($66.87 billion). Global retail s...
We provided you with information about April car sales in US and told you about the results the major automakers got, but what you still don’t know is where, in which state exactly the electric car sales were up and where they were down.California, dominates! It’s number one, with a per capita percentage of 0,7%, beating Hawaii with 0,4% and Washington with 0,3%. If you ask yourself why is is California, than we will try to make it a bit clearer for you our dear readers: → California has long offered a decent EV rebate (typically, $2,500).→ California’s p...
We knew that when automakers will reveal their April car sales the results will be disappointing, but we had no idea the sales will be this low. The auto industry might be receding from its breakneck pace, which means the chances of getting a third consecutive year with positive results are not so high. Overall, the industry reported a 4.7% sales decline to 1.43 million units. General Motors, Ford, Fiat Chrysler and Nissan each reported deeper-than-expected sales declines for the month. Toyota narrowly edged expectations, but it still recorded a 4.4% decline for the month, compared ...
Another year-over-year decline in the automotive industry. This April wasn’t that successful as automakers and dealerships wanted them to be, and this is why we have such low car sales predictions. Declines will be broad-based, with General Motors, Ford, Fiat Chrysler and all other major automakers expected to report lower sales. Meanwhile, Tesla shares soared to a record high Monday ahead of the electric vehicle maker's earnings Wednesday. April auto sales will likely come in at a seasonally adjusted annual rate of 17.1 million, down 1% vs. a year earlier. But that would ...
Toyota Motor North America is recalling about 228,000 2016 and 2017 Toyota Tacoma midsize pickups in the U.S. because their rear differentials may leak oil. Differentials leaking oil could become damaged and stop working, causing a loss of vehicle control, Toyota said in a statement Thursday. Damaged rear differentials also create noise and reduce propulsion if the vehicle is driven without being repaired. The National Highway Traffic Safety Administration recalls page includes a complaint a driver from Honolulu who said on Dec. 18, 2015, that the differential on the his or her 2016...
