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Howard Lutnick Says Trump's Auto Tariffs Are Bringing Thousands of Jobs Into the US: 'Ford Is Going To Rock…'
benzinga_article·1 hour ago
- Commerce Secretary Howard Lutnick stated that Section 232 auto tariffs are successfully bringing manufacturing back to the United States and creating thousands of jobs. - He highlighted Ford Motor Co.'s decision to shift Lincoln vehicle production to the U.S. by 2030, alongside Toyota Motor Corp.'s domestic expansions. - Lutnick noted that this domestic manufacturing push will generate high-tech employment opportunities for young workers starting at 23 dollars an hour.
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IONNA just beat every major EV fast-charging network
Electrek·14 hours ago
- IONNA ranked highest among eligible US fast-charging networks in the 2026 JD Power study with a score of 807 out of 1,000. - The automaker-backed network achieved this top debut position ahead of competitors like Mercedes-Benz and Rivian. - IONNA currently operates 1,375 ports across 150 stations featuring amenities such as canopies, restrooms, and lounges.
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10:44 ETLight Commercial Vehicles Market Outlook 2026-2031: 6.11% CAGR as E-Commerce and Fleet Electrification Drive Demand, Reports Mordor Intelligence
prnewswire·17 hours ago
- Mordor Intelligence reports that the light commercial vehicles market is projected to grow from USD 495.44 billion in 2025 to USD 707.17 billion by 2031, registering a 6.11% CAGR. - Growth is primarily driven by surging e-commerce activity, urban delivery demands, fleet replacement, and a transition toward electric vans supported by tightening emission standards and declining battery costs. - Key regional expansion is led by the Asia-Pacific region, Europe, and North America, with major contributions from commercial EV ecosystem developments and regulatory incentives.
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The Hybrids Are Coming! The Hybrids Are Coming!
cleantechnica·18 hours ago
- A new Bloomberg report highlights that hybrid cars are experiencing a significant surge in global sales and have become the hottest segment in the new car market. - Factors driving this demand include consumer hesitation over electric vehicle prices and charging infrastructure, alongside rising gasoline costs and improved hybrid affordability. - While automakers like Toyota are ramping up production to meet this growing preference, critics argue that hybrids remain an intermediate technology compared to fully electric vehicles.
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Toyota South Africa moves RAV4 upmarket amid Chinese price pressure
MSN·20 hours ago
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Australia Plug-In Update July 2026
cleantechnica·21 hours ago
- In July 2026, Australia’s plug-in vehicle penetration rate dipped to approximately 31%, with 33,869 plug-in vehicles sold out of nearly 108,000 total sales. - Top-selling battery electric vehicles included the Tesla Model Y with 4,644 units and the BYD Sealion 7 with 2,548 units, while new models like the Geely EX2 and Mazda 6e also saw strong debut sales. - Fuel insecurity driven by rising petrol and diesel prices is encouraging consumers to adopt electric alternatives and boosting support for electric vehicles.
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Toyota Recalls More Than 508,000 Camry Hybrids Over Instrument Cluster Issue
rttnews·1 day ago, 04:10 PM
- Toyota Motor Corporation is recalling 508,354 Camry Hybrid vehicles in the U.S. from the 2025 and 2026 model years due to a software problem affecting the 7.0-inch digital instrument cluster. - The software issue can cause the display, exterior turn signals, hazard lights, and warning systems to fail, potentially increasing the risk of a crash. - Affected owners will be notified by October 5 and can receive a free software update at a Toyota dealer.
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Hiroshi Okuda, who led Toyota's climb as a global automaker, dies at 93
Barchart Option·1 day ago, 05:36 AM
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Toyota ex-chief Okuda, pioneer of the Prius, dead at 93
CNA·2 days ago, 11:48 PM
- Former Toyota head Hiroshi Okuda, who championed the pioneering Prius hybrid and transformed the automaker into a global titan, has passed away at the age of 93. - Taking the reins in 1995 as the first president outside the founding family in decades, he drove the launch of innovative models like the RAV4 and Prius and oversaw the expansion of overseas factories. - Under his aggressive leadership, Toyota eventually overtook General Motors to become the world's largest automaker by vehicle sales, while Okuda also headed the Keidanren business lobby.
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Toyota Stock Defies 508,354-Vehicle Recall as Shares Rise
GuruFocus·2 days ago, 02:23 PM
- Toyota Motor faced a U.S. recall affecting 508,354 Camry Hybrid vehicles from the 2025 and 2026 model years due to potential instrument-cluster display failures. - Dealers will resolve the issue through a free software update rather than a costly hardware replacement campaign. - Toyota shares rose approximately 0.4% in regular-session trading, with the stock previously trading 10.18% below its GF Value of $211.16 on August 11.
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Toyota recalls 655K Camrys over display error that may deactivate turn signals and other indicators
Barchart Option·2 days ago, 10:27 AM
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Toyota’s Corolla Cross Is Only Gas-Powered Vehicle to Make China’s July Top 10
Yicai·2 days ago, 06:28 AM
- Toyota Motor's Corolla Cross was the sole gasoline-powered vehicle to enter China's 10 best-selling passenger cars in July, ranking eighth with 14,510 units sold. - The other nine top-selling models were all new energy vehicles, led by Geely's Xingyuan with 32,306 units. - July's traditionally slow market season caused the sales threshold for the top 10 to drop to 13,757 units, while new energy vehicles demonstrated greater resilience than fossil fuel-powered autos.
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Toyota patent hints at unibody pickup built for heavy work
MSN·2 days ago, 04:53 AM
- Toyota filed a patent detailing a reinforced suspension mounting designed for unibody pickups to prevent chassis deformation under heavy loads. - The design aims to provide smaller trucks with the strength of larger models to support payload, towing, and off-road use. - The filing suggests Toyota may enter the compact pickup segment, although production has not yet been officially confirmed.
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Weekly Recap: Q1 revenue rise, ¥1T buyback and Tacoma will move to U.S., $10B plan
TradingView·Aug 10 at 05:15 PM
- Toyota reported Q1 revenue of ¥13.53T and net income of ¥1.477T, alongside launching a ¥1T share buyback and raising its fiscal year operating guidance to ¥3.4T. - The company announced plans to shift Tacoma pickup production to the U.S. by 2030 and pursue up to $10B in domestic investments, while also recalling approximately 508,000 Camry units in the U.S. due to a display defect. - Additional updates include resuming operations at three Fukuoka plants following a parts supply issue and receiving potential manufacturing incentive offers from Indonesia.
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Lexus undercuts luxury rivals with 2027 ES prices starting under $50,000
Electrek·Aug 10 at 04:27 PM
- Lexus announced that the all-electric 2027 ES sedan will start at under $50,000. - The completely redesigned model features the new Spindle Body design and is slightly larger than its predecessor with an increased interior space. - The vehicle measures 202.4 inches in length with a 116.1 - inch wheelbase, matching the approximate size of the BMW 5 Series.
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