Tuesday Ticker: General Motors adjusts to contract costs; Toyota offloads auto supplier shares
Toronto, Ontario — In this weekly Tuesday Ticker, General Motors changes some plans following some pricy labour contract costs, while Toyota and its affiliates offload a hefty number of shares in efforts to raise funds for electrification efforts. General Motors makes a U-turn General Motors is scaling back its EV and autonomous vehicle efforts following […]
Reliability Ratings: Consumer Reports reveals EVs are more reliable than PHEVs, but less than ICE vehicles
Toronto, Ontario — Electric vehicles have 79 percent more reliability problems on average than combustion cars, most of which occur in the high-voltage battery system, according to Consumer Reports’ (CR) latest Annual Auto Reliability Study. In 2023, CR gathered data on more than 330,000 vehicles from the 2000 to 2023 model years, as well as […]
Pausing Production: Toyota halts seven auto plants following explosion at parts supplier
Tokyo, Japan — Toyota will partially suspend operations at seven domestic plants through Thursday following an explosion that occurred at a component supplier’s factory. This suspension expands on an earlier decision to halt several facilities’ production following a blast that occurred at the Chuo Spring Co factory in Aichi prefecture—a factory where vehicle suspension coils […]
Environmental Exploration: AkzoNobel partners for carbon footprint reduction initiative in vehicle repair at 24 hour sustainability event
Amsterdam, Netherlands — Following a two day 24-hour challenge event in Amsterdam, Netherlands, which concluded November 22, AkzoNobel partners have developed sustainability initiatives for future carbon reduction goals. Partners who attended the two day event included representatives from Allianz, Arval, Boekhorst Autoschade, centro Zaragoza, Den Elzen Autoschade, Europcar Mobility Group, Grupo Velasco, Toyota and the […]
Lending Lows: Toyota financial unit to pay $60 million for illegal lending and credit reporting misconduct
Torrance, California — Toyota Motor Corp’s U.S.-based auto financing unit will pay $60 million in fines and restitution to settle a U.S. regulator’s charges that it illegally prevented borrowers from cancelling product bundles that increased their monthly car loan payments. On Monday, the Consumer Financial Protection Bureau (CFPB) said Toyota Motor Credit will pay a […]
EV/AV Report: Toyota Camrys go hybrid; Self-driving cars make auto emergency calls
Toronto, Ontario — In this weekly electric and autonomous vehicle report, Toyota announces that the 2024 Toyota Camry will be hybrid only; and Apple announces a patent for an autonomous vehicle feature that can detect driver emergencies. Here’s to hybrid For the 2025 model year, Toyota’s longest-running family sedan moves into its 9th generation with […]
Flaming Concerns: Over 1.8 million Toyota RAV4 SUVS recalled due to fire risk
Toronto, Ontario — Toyota is preparing to issue a safety recall that applies to over 1.8 million units of the RAV4 crossover built between the 2013 and 2018 model years. The reason for the recall is a result of affected vehicles being equipped with an undersized battery that can cause a short circuit and start […]
Tuesday Ticker: Toyota tops; while Fisker falls and Mitsubishi makes new ground
Toronto, Ontario — This week, we look at the rise and fall of automakers and the economic market as Toyota posts a record global output for the first fiscal half; Fisker’s stock falls following the announcement of reduced prices; and Mitsubishi makes plans to expand its Parts and Distribution services. Going for growth On Monday, […]
Bumper to Bumper: Toyota recalls over 750,000 Highlander SUVs over front bumper issues
Toronto, Ontario — On Thursday, Toyota confirmed plans to recall the Highlander SUV over an issue that could cause the front bumper to loosen. Recalls are beginning in the United States with Canada and Mexico to follow. The recall only affects the 2020 to 2023 model year for the Toyota Highlander and Highlander Hybrid vehicles, […]
Incorporating Inconvenience: Toyota patents an EV manual transmission that intentionally stalls
Toronto, Ontario – In a recently released patent filed by Toyota, the automaker has revealed its intention to design EVs with the capacity to stall in order to capture a “real” driving experience. Toyota has long-since declared its desire to simulate a manual transmission in its fully electric vehicles with a shifter and clutch pedal. […]
