Toyota Halts Operations at 11 Domestic Factories after Quake
Toyota Motor Corp. said on Friday that it would suspend operations on 18 lines at 11 domestic factories in Japan next week due to a parts shortage from suppliers hit …
Automotive Industry
US Trade Deficit at New Record from Higher Vehicle, Energy Imports
The U.S. trade deficit hit a new record in January as imports of vehicles and energy supplies surged while export growth slowed down. The gap in foreign trade widened to …
Ford Suspends Joint-Venture Operations in Russia Over Invasion on Ukraine
United States automobile manufacturer Ford has suspended its joint-venture operations in Russia “until further notice,” citing the Russian invasion of Ukraine. Ford announced in a statement on March 1 that …
Cargo Ship Carrying Thousands of Luxury Cars Sinks in the Atlantic Ocean
A cargo ship carrying thousands of luxury cars sunk in the Atlantic Ocean on March 1, nearly two weeks after it caught fire, the Portuguese navy and the ship’s operator …
Toyota Production Halted After Cyberattack
Toyota along with its subsidiaries Hino and Daihatsuhas halted production in its plants in Japan due to an alleged cyberattack. Toyota’s 28 lines at 14 plants were halted after one …
Panasonic Reportedly to Begin Producing Tesla EV Batteries
Japan’s Panasonic is reportedly set to begin producing new lithium-ion batteries for Tesla’s electric vehicles around 2023. The high-capacity batteries could boost the range of electric vehicles over 15 percent, …
Musk Says Tesla Will Accept Dogecoin for Merchandise
Tesla CEO Elon Musk said in a tweet on Friday that the car company will now accept meme-based cryptocurrency dogecoin as payment for select merchandise items. Payments in dogecoin went …
Car Company Citroen Egypt Accused of ‘Enabling Sexual Harassment’ in Advertisement
The Egyptian branch of French car company Citroen is facing accusations of ‘enabling sexual harassment’ for an advert that features acclaimed pop star Amr Diab. In the full clip, Diab …
Rivian Shares Soar, Becomes Third Most Valuable Carmaker Worldwide
Electric vehicle maker Rivian hit over $140 billion since it went public last week, becoming one of the biggest IPOs this year as investors bet on the startup as a …
Volkswagen Loses Appeal Against $125m Fine for Misleading Customers
The High Court of Australia ruled on Friday that Volkswagen AG must pay a record fine of AU$125 million ($91 million) for misleading its customers regarding the diesel emissions of …
