Industry Voices
Toyota's $1.3B Investment Charges Up Kentucky's Electric SUV Production
Toyota announces a $1.3 billion investment in its Georgetown, Kentucky plant to accelerate the development of a new three-row electric SUV for the American market. The facility will also manufacture battery cells, showcasing Toyota's commitment to electrification.
By Dabbie Davis
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MTA Introduces Revolutionary Open Gangway Cars for Seamless Rides
You can actually move seamlessly from one car to the other,” Gov. Hochul said at a press event at the MTA’s 207th St. Yard in upper Manhattan.
By Dabbie Davis
Volvo Shares Plans to Stop Polestar Funding, Sees 26% Share Value Increase
Volvo's shares surged by more than 26% as it revealed plans to end financial support for subsidiary Polestar Automotive. The move could see Geely Holding, Volvo's majority shareholder, taking over the struggling luxury car brand. Volvo is considering modifying its ownership stake in Polestar, which could involve distributing shares to its own shareholders.
By Dabbie Davis
GM Takes Swift Action, Notifies Pontiac Vibe Owners to Stop Driving
General Motors (GM) has issued a critical warning to Pontiac Vibe owners, urging them to stop driving due to dangerous Takata airbag inflator issues. Approximately 11,000 affected Vibe units in the United States are at risk of exploding inflators, posing grave threats to occupants.
By Dabbie Davis
Authorities Raid Toyota Group Plant: CEO Apologizes Amidst Engine Testing Scandal
“My job is to steer the way for where the overall group should go,” Akio Toyoda said. Japanese transport authorities have raided a Toyota group plant amidst allegations of engine test cheating. This comes as Toyota claims the world's top automaker spot in 2023 with 11.2 million sales but faces reputation damage. Toyota's Kei car division is accused of crash test manipulation, and diesel engines face scrutiny for irregularities. Chairman Akio Toyoda apologizes and emphasizes the company's commitment to quality.
By Dabbie Davis
Authorities Confiscate 41 Luxury Cars, Including Ferraris and Lamborghinis, from Mukesh Ambani’s Mall
The Mumbai police have confiscated 41 luxury cars, including Ferraris and Lamborghinis, from Mukesh Ambani's Jio World Drive Mall. A FIR has been registered against the owners for organizing an unauthorized rally.
By Dabbie Davis
Nissan Aims for EV Price Reductions, Countering BYD's Dominance
Nissan aims to produce cost-effective lithium iron phosphate (LFP) batteries to cut electric vehicle (EV) prices and compete with BYD. Despite BYD's lead in EV sales, Nissan plans to introduce LFP batteries into its EVs by 2026, forging partnerships to advance the technology.
By Dabbie Davis
