Toyota’s Profits Surge on Currency, Cost Cutting, U.S. Tax Cut
2/6/2018Toyota Motor Corp.’s net income in October-December jumped 93% to 942 billion yen ($8.6 billion), thanks to cost cutting, favorable exchange rates and lower U.S. corporate taxes.
Study Shows 37% of Buyers in S.E. Asia Open to EVs
2/6/2018Two in five new car buyers in southeast Asia would consider a hybrid or full-electric vehicle for their next purchase, according to Frost & Sullivan.
Mercedes to Add Electric Sprinter Van
2/6/2018Daimler AG’s Mercedes-Benz unit is planning an all-electric version of its redesigned Sprinter commercial van.
Fujitsu Readies Enhanced Cybersecurity System
2/6/2018Japan’s Fujitsu Ltd. says it has developed a more precise and reliable cybersecurity technology that minimizes false positive results.
GM Ties Full-Year Record Operating Profit
2/6/2018General Motors Co. reports an adjusted operating profit of $12.8 billion in 201, matching the record high set by the company in 2016.
Chinese EV Startup Partners with Aurora on Self-Driving Tech
2/6/2018Nanjing, China-based Future Mobility Corp.’s Byton brand is partnering with Aurora Innovation Inc. on autonomous driving technologies for the electric vehicles the carmaker is developing.
Hyundai Tests Self-Driving Fuel Cell Vehicles
2/6/2018Hyundai Motor Co. says five specially equipped test vehicles, including three fuel cell-powered models, were driven autonomously 190 km (118 miles) from Seoul to Pyeongchang last weekend in South Korea.
Car Production in Thailand Headed for 5-Year High
2/6/2018Car manufacturing in Thailand will grow less than 1% this year. But that should be enough to reach 2 million units for the first time since 2013.
VIEWPOINT | HOW MICHIGAN CONNECTS MOBILITY STARTUPS AND THE AUTO INDUSTRY
2/6/2018The state of Michigan is helping mobility-related startups launch their businesses and connect with potential carmaker and supplier customers through an innovative new program called the PlanetM Landing Zone.
Porsche Doubles Investment in Electrification to €6 Billion
2/6/2018Porsche AG plans to spend more than €6 billion ($7.4 billion) by 2022 to develop and introduce plug-in hybrid and all-electric vehicles—twice the size of the previous budget.