Incoming President and CEO Koji Sato is shaking things up over at Toyota, and looking to revamp the company’s EV division.
According to sources, Sato is considering a factory overhaul as he looks to introduce a dedicated platform for BEVs and works toward updated EV architecture. A new EV platform would bring the automaker closer in line with rivals who are already producing dedicated EV platforms.
We will have better insight into Sato’s plans Friday after his first briefing.
Don’t forget, Nintendo was originally a playing card company. Sometimes the game evolves.
Jaguar Land Rover, owned by India's Tata Motors, expects over $1B in free cash flow by Q4 due to a 24% increase in wholesale volumes as supply constraints ease.
Despite total orders declining, the company has seen higher retail sales and anticipates pent-up demand for several models.
The luxury carmaker's performance is essential to Tata Motors as it contributes nearly 60% to the group's total revenue.
“Guess we’ll have to take the jag…” -Ed from Shaun of the Dead and Tata Motors.
Russians bought more Chinese cars in Q1 2023 than Ladas, Russia's most popular brand. As Western brands continue to pull out of the country since Putin's invasion of Ukraine, Chinese brands are capturing market share.
Auto sales in Russia dropped 59% in 2022, but experts forecast a 12% increase in 2023 to around 770K units. Still a far cry from 2021's 1.6M.