Toyota’s Market Value Plunges Over $15B Amid Test Falsification Scandal; Mazda, Honda, Suzuki Follow Suit
The stock prices of major Japanese automakers, including Toyota, Mazda, Honda, and Suzuki, have taken a hit following a safety scandal.
Emerging Tesla Challenger VinFast Faces Sales Challenges, Posing Risks For Vietnam Billionaire Pham Nhat Vuong’s Vingroup
Vingroup, Vietnam's leading conglomerate, is grappling with increasing financial risks due to the difficulties faced by its electric vehicle subsidiary, VinFast Auto.
Toyota Reports Record Global Sales And Production As Chip Woes Recede
Toyota Motor Corporation (OTC:TOYOF) has reported a significant year-on-year increase in its global sales and production for the first…
Toyota To Unveil Concept For All-Electric Land Cruiser Concept At Japan Mobility Show
Renowned automaker, Toyota (OTC:TOYOF), is going to present an all-electric concept of their popular Land Cruiser SUV, among other…
Hyundai, Lexus And Genesis 2023 EV Models Win Top Crash Safety Award From IIHS
Three new electric vehicles (EVs) have been awarded the prestigious Insurance Institute of Highway Safety (IIHS) Top Safety Pick+ award. The…
VinFast’s Market Cap Skyrockets With 20% Stock Surge, Securing Third Position After Tesla And Toyota
Vietnamese EV manufacturer VinFast (NASDAQ:VFS) becomes the third largest automaker by market capitalization globally, following closely those of…
Tesla Model 3 Topples Camry As Best-Selling Aussie Car — Triggers Toyota ‘Response’
Tesla Inc’s (NASDAQ: TSLA) Model 3 has snagged the best-selling car tag in Australia from Toyota Motor Corporation’s (OTC: TOYOF) Camry.
Elon Musk Should Worry? Japan Eyes Raising Tax On EVs Amid Fears Of Drop In Revenue
Japan is mulling charging local tax on electric vehicles amid fears of a potential drop in revenue —…
China Locks Down 21M Chengdu Residents As COVID-19 Cases Spur In Megacity
China has locked down about 21.2 million residents of one of its biggest cities, Chengdu, amid rising COVID-19 cases.
What Happened: The authorities have asked all its residents in Sichuan’s Chengdu to stay mostly at home, starting 6 p.m. on Thursday, as it launched a four-day citywide COVID-19 testing drive.