The 2023 Automotive News Leading Women Conference in pictures

This year’s event featured keynote talks from Hyundai Motor America CMO Angela Zepeda and Arezoo Riahi, head of equity, inclusion and diversity at Waymo.

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Tesla Cybertruck launches at $60,990 — a big price hike from original plan

CEO Elon Musk said the pickup beats rivals in towing capacity and acceleration. Musk delivered the first Cybertrucks to customers at the automaker's Austin, Texas, factory.

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Supplier AMS Osram refocuses on automotive lighting in turnaround plan, CEO says

Austrian lighting and sensor supplier AMS Osram sees increased revenue from advanced LED technology as one of the key pillars of its financial turnaround, its CEO said.

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GM says EVs won't be losing money for long

General Motors expects its EVs to bring in more money than they cost to build by late 2024 and have mid-single-digit EV margins in 2025, including the benefit of federal tax credits, CFO Paul Jacobson said.

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UAW begins drive to organize 13 nonunion automakers with U.S. plants

The UAW said thousands of nonunion employees are signing support cards and organizing to join its ranks, weeks after it won lucrative contracts at Ford, GM and Stellantis. The drive targets 13 automakers with roughly 150,000 U.S. manufacturing workers.

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Former dealership executive Erik Maund, co-conspirators face life in prison after murder-for-hire conviction

Erik Maund paid nearly $1 million to have two people murdered to cover up an affair, according to a U.S. Attorney's office.

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Biden weighing reprieve for automakers on tougher rules for EV tax credits

The stricter requirements, which were included in the president's signature climate law, don’t allow tax breaks for vehicles containing battery components or critical minerals from foreign entities of concern.

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Toyota reaps $2 billion from Denso sale to fund new technology

Toyota’s planned $2 billion sale of shares in its top supplier Denso cheers investors but also gives the automaker funds to develop an array of next-gen electrification and software tech.

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Mercedes-Benz to pull flagship EQS SUV EV out of U.S. factory

The shuffle is intended to make room at the 6-million-square-foot Vance, Ala., assembly plant for the higher-volume GLC EV.

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Nearly 4,000 dealerships urge Biden to ‘slow down’ on EV push

In a letter sent Tuesday, the dealerships urged Biden to "slow down," citing an EPA proposal from April that could push battery-powered vehicles to 60 percent of new-vehicle sales by the 2030 model year and 67 percent by 2032.

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Toyota Group companies plan $4.7 billion sale of Denso stake, report says

The sale would mark the latest step by Toyota to unload some of its cross-shareholdings as it ramps up funding for R&D and factory floor overhauls ahead of future EV production.

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Tesla beats U.S. claim that it fired factory workers amid union campaign

A U.S. labor board has dismissed claims that Tesla Inc illegally fired employees working on Autopilot software at a New York factory to put an end to union organizing.

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Ineos Grenadier Quartermaster production begins

Ineos Automotive has just begun U.S. deliveries of the Grenadier SUV. The Quartermaster pickup variant will soon follow.

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Honda, Ford vehicles face safety issues over potentially faulty seat belts

Honda's recall covers the 2023-24 Honda Accord and HR-V, while NHTSA's investigation covers the 2019 Ford Expedition.

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Stellantis CEO Tavares says EU, U.S. elections may slow EV sales

Stellantis may have to change its strategy "if political and public opinion tends toward fewer EVs," CEO Carlos Tavares said. 

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Under Euisun Chung, Hyundai Motor Group is driving the future

Euisun Chung's futuristic vision for a mobility world beyond cars puts Hyundai Motor Group at the forefront of change in a tumultuous global auto industry.

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Chinese firms in Mexico trouble suppliers

Canada's supplier trade association is raising concerns over the possibility that Mexico will provide an easy work-around for Chinese companies seeking to export into Canada and the United States.

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VW's Scout EVs to be developed by Magna Steyr, report says

VW has given the supplier an order worth 450 million euros ($492 million) to develop the models. That is Magna Steyr's largest ever development deal, Austrian newspaper Kleine Zeitung reported.

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New Jersey joins 10 states in banning sales of new gasoline vehicles by 2035

Under California's Advanced Clean Cars II regulation, automakers would need to ensure 43 percent of their annual production volume by the 2027 model year is made up of zero-emission vehicles.

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Stellantis recalls 45,000 Jeep Wrangler plug-in SUVs after 8 fires

All eight vehicles were parked and turned off when the fires occurred, while six of the vehicles were connected to EV chargers.

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Chevy releases 2023 holiday ad, featuring an emotional story about a woman with Alzheimer’s

The General Motors brand continues familiar approach with spot that also includes a 1972 Suburban and a John Denver song.

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Kyle Vogt's ambitious expansion plans at Cruise ‘self-sabotage'

Cruise CEO Kyle Vogt plotted an ambitious expansion for the self-driving tech company while problems festered.

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Toyota's Akio Toyoda steps down as industry leader, replaced by Isuzu's chairman

Japan's automotive industry has tapped the chairman of Isuzu trucks to replace Akio Toyoda as its next industry lobby leader after Toyoda's unprecedented three terms.

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Northvolt develops cobalt-free battery cell that could power future EVs

Northvolt says the sodium-ion cell has a “best-in-class” energy density of more than 160 watt-hours per kilogram, and is made without any lithium, nickel, cobalt or graphite.

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Aptiv to build high-voltage connector plant in Wuhan

Automotive technology supplier Aptiv signed an agreement with the local government to produce high-voltage connectors in central China's Wuhan as the Chinese market shifts to intelligent electric vehicles.

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LaFontaine Automotive sells two Stellantis dealerships in Michigan

LaFontaine Automotive plans to use capital gained from divestitures to add dealerships in targeted markets.

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Fisker's accounting chief Beuting resigns within two weeks of joining automaker

Fisker, which announced its third-quarter results on Nov. 13, said it received a notice from the New York Stock Exchange for late filing of its quarterly report.

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Stellantis, CATL plan Europe factory for low-cost EV batteries

Stellantis and CATL are finalizing plans for a plant in Europe to produce low-cost lithium-iron-phosphate EV batteries.

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Rivian CEO RJ Scaringe adds product oversight to responsibilities

The entirety of Rivian’s product teams — including employees in areas such as software, autonomy and design — will now report directly to Scaringe, according to a regulatory filing.

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Nissan joins foreign automakers hiking wages at U.S. auto plants after UAW deal

The Japanese automaker said it will hike top wages for workers at U.S. manufacturing plants by 10 percent in January.

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Former car dealership general manager, an ex-cop, accused of stealing $29K

Police records show the alleged thefts began a month after Nicholas Holley started working at the dealership.

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Toyota financial unit to pay $60 million for illegal lending, credit reporting misconduct

The CFPB said Toyota Motor Credit will pay a $12 million civil fine, and $48 million to harmed consumers.

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GM's Cruise offers apology, will allow share sales

The outgoing CEO of Cruise, General Motors' robotaxi unit, on Saturday apologized for the company's situation following an accident that led to the pause of its self-driving vehicle operations while it conducts a safety review.

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Kyle Vogt resigns from GM self-driving unit Cruise

Kyle Vogt's departure is the latest fallout from a safety crisis at the beleaguered self-driving subsidiary of General Motors.

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Tesla flip-flops on Cybertruck resale ban

Tesla added a section to its order agreement banning buyers from flipping their Cybertruck within a year of purchase, but it later deleted the clause without explanation.

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EV Charging company ChargePoint plunges after sales sag, executives are replaced

EV Charging company ChargePoint plunges after sales sag and the EV charging company’s market capitalization fell to around $750 million from a peak of $11.2 billion in June 2021.

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Kia showcases small EV3, EV4 concepts at L.A. Auto Show

Kia showed a pair of compact electric vehicles concepts to the L.A. Auto Show audience that will help it deliver eight EVs for the U.S. by 2029.

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House lawmakers question 10 AV companies over ties to China

In separate letters sent Wednesday to 10 companies — including Baidu, AutoX, Didi Chuxing, Nio, Pony.ai and XPeng — the lawmakers asked for details on the type of information collected by AVs deployed in the U.S., how long that data is kept and whether it is shared or sold.

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Battery startup signs another big deal despite EV slowdown

ONE’s agreement with General Electric’s sustainable energy arm underscores stationary utility-grade energy storage as a major part of the battery maker’s business.

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2024 Kia Sorento gets rugged styling, X-Pro trim

Kia unveiled its fourth-generation Sorento at the 2023 Los Angeles Auto Show with enhanced Telluride-like styling, the off-road capable X-Pro package as well as more modern technology.

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Guest commentary: ‘Crossing the chasm' on EVs may require plug-in hybrids

It's hard to see a retail environment in 2032 where 67 percent of new-car sales are full EVs, but it's very easy to see a 2032 where a majority of new-car sales are plug-in hybrids.

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Redwood Materials will recycle Toyota's spent hybrid batteries

Redwood Materials says Toyota deal marks the first time an automaker will use recycled battery materials from its cars in new vehicles.

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UAW members ratify labor deal with Mack Trucks; strike ends after 39 days

The UAW and Mack Trucks had reached a tentative deal in October that included a 19 percent pay raise, but union workers overwhelmingly rejected it and went on a strike.

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Nikola founder Trevor Milton seeks probation after fraud conviction

Trevor Milton, the convicted founder of electric- and hydrogen-powered truck maker Nikola, is seeking to avoid prison, with his lawyers saying his case differed from that of Theranos' Elizabeth Holmes, another startup founder convicted of fraud.

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2025 Toyota Crown Signia debut: The second model of a new sub-brand

Toyota plans to sunset the Venza two-row crossover in the U.S. next year and replace it with the 2025 Crown Signia, a larger crossover built on the same platform with an identical powertrain. An executive confirmed that  Crown will be a new global sub-brand for Toyota.

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UAW deal with GM losing among production workers after 3 big plants vote no

With more than 17,000 votes in out of a possible 46,000, 51 percent of production workers are against the proposed contract. Large plants in Michigan, Texas, Indiana and Missouri have yet to vote.

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EV battery maker plans $165 million North Carolina plant in 2026

The battery manufacturing operation, backed by Forge Nano and a variety of unnamed investors, plans to make lithium-ion cells for use in defense, aerospace and specialty electric vehicle markets.

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Stellantis, suppliers take over tooling from bankrupt supplier

Stellantis, suppliers take over tooling from bankrupt supplier to avoid "enormous losses" from shutting down vehicle assembly lines.

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Stellantis, suppliers take over tooling from bankrupt supplier

Stellantis, suppliers take over tooling from bankrupt supplier to avoid "enormous losses" from shutting down vehicle assembly lines.

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Continental to cut thousands of jobs globally at auto unit

Continental is fighting to stem a slide in profitability at its automotive unit, which has started to fall behind peers as the industry transitions to electric vehicles.

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In 2026, EVs will have an industry standard diagnostic system

Electric vehicles on the road do not have an industry standard onboard diagnostic system. Most have some diagnostic capabilities, but they all work differently. That will change in 2026 when a standard diagnostic system for EVs debuts.

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$975,000 Cadillac Celestiq is Neiman Marcus holiday gift

The buyer gets a two-day trip to Detroit to watch the car get hand built, tour Cadillac House at the GM tech center and stay at a luxury hotel.

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Karma plots new course with Kaveya EV

Karma Automotive, after years of introducing wild concepts, now has firmer plans for its product lineup.

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Las Vegas Grand Prix ‘a new landmark event'

For the select handful of automakers participating in Formula 1, the Las Vegas Grand Prix signals a huge brand awareness and marketing opportunity.

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David Wilson's gift to alma mater establishes business school in his name

David Wilson, founder of the auto group that bears his name, donated $25 million to his alma mater, the University of Northern Iowa. It is the largest gift in the school's history and establishes the David W. Wilson College of Business.

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EV share hits 7.4% in U.S. through Q3 despite demand worries, registration data shows

Tesla has a majority of the U.S. electric segment, but Hyundai, BMW and Mercedes-Benz grew faster in the January to September period. Total EV registrations rose 61 percent to 852,904 vehicles.

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GM credit card being dropped by Goldman Sachs; GM eyes new partners

General Motors said it would continue to "reward customers for their loyalty to our brands" as it evaluates new partners.

 

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Zeekr losses grow as Beijing seeks greater influence, U.S. IPO prospectus says

The upstart owned by Geely aims to raise more than $1 billion, Reuters has reported, but is unlikely to breach the billion-dollar mark, according to a source.

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Geely-linked ECARX eyes profitability as it seeks greater brand, geographic diversity

Geely-linked digital cockpit supplier ECARX is "on track" to break even as it rolls out new products and expands its reach to new vehicles, said John Marcus, the company's president of international.

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Biden wants UAW style labor deal for all U.S. auto workers

Biden spoke to UAW workers here in Illinois as the Democratic president tries to rally support for his economic agenda and firm up sagging popularity numbers, ahead of a re-election campaign next year.

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Nissan quarterly profit doubles on big gain in North America

Robust sales in North America help Nissan more than double its profit in the latest quarter as the automaker readies a new mid-term plan and shores up flagging fortunes in China.

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Network outage hits Nissan, retail network

The outage affects the company's internal email, applications, aftersales technical call centers, consumer finance and dealer ordering systems.

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SiriusXM boosts mobile app in a bid for users beyond the driver's seat

A spiffed-up mobile app that can be used in cars via mirroring products such as Apple CarPlay, along with other changes including new branding, are part of a push for younger users, a population SiriusXM said makes up 25 percent of the available listener market.

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Fisker delays Q3 earnings report, sending stock sharply lower

The EV startup said that the departure of its chief accounting officer on Oct. 27 and the appointment of a new one Monday delayed earnings, which were rescheduled for Nov. 13.

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Rivian boosts production forecast, reports better vehicle margins in upbeat Q3 report

The EV maker forecasts 2023 production at 54,000 units, a 2,000-unit increase. The company narrowed its Q3 net loss to $1.37 billion from a net loss of $1.72 billion a year earlier.

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CarGurus to pay $75M for rest of CarOffer as Q3 net income improves slightly, revenue plunges

The vehicle listings company bought a 51 percent stake in CarOffer, a wholesale digital marketplace platform, in 2021. News of the transaction comes as CarOffer's Q3 revenue dropped nearly 50 percent from a year ago.

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Rivian raises loses $1.37 billion in the third quarter, raises full-year production forecast

Rivian Automotive reported a $1.37 billion net loss for the third quarter while raising its production forecast for the full year by 2,000 vehicles to 54,000 units.

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Ram adding extended-range EV, freshens 1500 with new engines

The 2025 Ramcharger has a gasoline engine that charges the battery, creating nearly double the range of the standard fully electric Ram 1500 REV.

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Unifor ratifies Stellantis contract with 60% of voting members in favor of new deal

Through three days of voting, 60 percent of Unifor’s roughly 8,200 members at Stellantis voted in favor of the tentative agreement inked between the company and union after a brief strike and all-night bargaining session Oct. 30.

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Board of GM's Cruise hires law firm to review regulatory responses

Cruise's board has hired law firm Quinn Emanuel to review Cruise management's responses to regulators investigating the Oct. 2 accident, and technology consultancy Exponent to review Cruise's technology.

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Musk says Tesla's German plant to build affordable EV, report says

Musk has teased the prospect of a more affordable electric car as the automaker seeks to increase EV deliveries to 20 million by 2030.

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Dealerships set the bar high for going green

Garbage is a dirty word at Pellman's Automotive in Boulder, Colo., and the two Mark Miller Subaru stores in Salt Lake City — three eco-centric businesses that approach recycling with all the zeal and determination of a technician going after an over-torqued oil pan drain plug.

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Ineos Automotive's U.S. dealership network is private only

Ineos Automotive has 19 dealerships in the U.S., but none of the fledging automaker's stores are owned by a publicly traded auto retailer.

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Judge gives Carlos Ghosn eviction order

The former Nissan and Renault chairman claims the house was purchased to be his residence, but its owner says he's trespassing.

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Volvo gets EX30’s face from galaxy far, far away

Volvo exterior design chief T. Jon Mayer created the EX30’s face based on the helmet worn by bounty hunter Boba Fett in the ‘Star Wars’ movies.

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American Axle takes big financial loss on UAW strike, operation woes

American Axle & Manufacturing Holdings Inc. suffered a $17.4 million net loss in the third quarter due to the United Auto Workers strike as well as labor and operational issues of its own.

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Audi sends off iconic TT with final edition roadster

Production of the Audi TT, which began as a concept in 1995, ends with the 2023 model year.

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Supplier ramp-up, recovery from UAW strike could be rocky

Suppliers avoided the worst-case strike scenarios, but the financial ripple effects of the strike are likely to last for some time.

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Auto supplier plant coming to former Detroit area mall site

Automotive supplier Thai Summit Corp. is planning to open a 297,000-square-foot parts plant at the redeveloped site formerly home to Eastland Center mall in the Detroit suburb of Harper Woods

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GM, Ford shares are so cheap they’re worth buying, analyst says

Labor strikes and other auto industry challenges have made shares of General Motors Co. and Ford Motor Co. “historically cheap,” creating a buying opportunity for investors, according to Barclays.

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Column: Winners, losers in the UAW's deal with Ford

UAW President Shawn Fain delivered contracts that give workers unprecedented raises and save or reopen plants, at a cost of billions of dollars to suppliers and the Detroit 3.

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Toyota downgrades EV forecast in quest of record profits; quarterly net income nearly triples

Riding an upswing in all-time-high quarterly earnings, Toyota downgraded its outlook for EV sales but lifted its forecast for record earnings in the full fiscal year, expanding on an earlier outlook that already called for record-level profits.

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Toyota quarterly profit surges on strong sales, weak yen

Toyota now expects full-year operating profit to balloon 65 percent to 4.5 trillion yen ($30.15 billion).

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