A Super Bowl LVI commercial came with a price cost of $6.5 million for 30 seconds of ad time. Leading electric vehicle company Tesla Inc (NASDAQ: TSLA ) didn’t run an ad but might have come away as a winner anyway. What Happened: Super Bowl LVI, which aired on Comcast Corporation (NASDAQ: CMCSA ) owned NBC, featured a handful of commercials from automobile companies with a heavy focus on a transition to electric vehicles. Among the advertisers were Toyota Motor Corp (NYSE: TM ), Kia , BMW (OTC: BMWYY ), General Motors Company (NYSE: GM ), Nissan and Polestar , which is merging with Gores Guggenheim Inc (NASDAQ: GGPI ). Some of the companies such as Polestar used ad time to show off their vehicles while also taking shots at Tesla and its CEO Elon Musk and other … Full story available on Benzinga.com
Teens Struggle To Score First Car As Used Car Prices Remain Absurd American teenagers have gotten the short end of the stick for more than two years - being forced to attend school either in a mask or via Zoom, while missing out on countless rites of passage despite their virtually nonexistent chance of falling seriously ill from Covid-19. And now - as the far more mild Omicron strain enters the rear-view mirror and things begin to return to normal - used cars have become so expensive that many teens can''t afford them , according to the Wall Street Journal . Used car prices were already rising before the pandemic - however in the last two years, supply-chain disruptions have caused significant production problems throughout the auto industry. In January, the average listing price for a preowned car reached $28,500 - a 31% jump over last January . New vehicles rose 12% over the same period - causing price-sensitive buyers, particularly younger ones, to hold off on their first vehicle. The Manheim US Used Car index was up 45% y/y in January. " It was definitely very frustrating, especially because all my friends have cars ," said 16-year-old Chase Smith, who was priced out of the market and forced to keep taking the bus one-hour each way to her school in upstate New York. "But in the end, I just know it’s a smart decision," she said.

Tokyo stocks end lower on Ukraine concerns

07:10am, Friday, 18'th Feb 2022 Business Recorder
TOKYO: Tokyo stocks ended lower Friday as concerns over Ukraine gripped investors despite Washington''s announcement that Secretary of State Antony Blinken has accepted an invitation to meet his Russian counterpart. The benchmark Nikkei 225 index dropped 0.41 percent, or 110.80 points, to 27,122.07 while the broader Topix index lost 0.36 percent, or 6.93 points, to 1,924.31. The dollar stood at 115.17 yen in Asian trade, against 114.91 yen seen on Thursday in New York. Tracking falls on Wall Street, the Nikkei opened sharply lower amid continued uncertainty over the standoff in Ukraine. Tokyo stocks close lower on Ukraine fears But buybacks then took hold among investors on the news that Blinken has agreed to meet Russian foreign minister Sergei Lavrov next week, provided there is no invasion before then. The announcement "reassured the market that at the very least, there is unlikely to be any imminent invasion by Russia," Makoto Sengoku, senior equity market analyst at Tokai Tokyo Securities, told AFP. "The prospect of Washington-Moscow talks offered slight hopes of a resolution to the current crisis, and that kind of expectation likely helped narrow drops," Sengoku said.
Toyota Motor Corporation first all-electric mass-market model will not be sold to consumers through a dealer network in Japan when it rolls out later this year. Read more.

Toyota''s first mass EV will not be appearing in Japan

07:02pm, Thursday, 17'th Feb 2022 Breaking the News 24/7
Toyota Motor Corporation''s first-ever mass-produced electric vehicle (EV) model will not be sold on the Japanese market upon its appearance later this year due to the company''s plans to focus …
Eccentric engine has enabled this technology which already had partnerships with Tata, Citroen, Toyota and Maruti Suzuki

Toyota picks general contractor for battery plant

03:10am, Thursday, 17'th Feb 2022 Business Journals
(Triad Business Journal)
SANTA MARIA, Calif. , Feb. 16, 2022 /PRNewswire-PRWeb/ -- Toyota of Santa Maria , an automotive dealership in Santa Maria, California , is offering a $500 rebate to military personnel on the purchase of select new Toyota vehicles. This $500 rebate must be used towards the amount due at lease signing or the Capitalized Cost Reduction. Alternatively, in the case of finance, the $500 rebate must be applied toward the … Full story available on Benzinga.com
Blockchain is steadily gaining ground as an innovative technology that global industries can use to build applications and platforms that can help improve current systems and processes, reduce costs from third-party contractors, maximize profits, and create next-generation platforms and applications. However, not all blockchains are equipped with the ability to scale to efficiently handle big data needs. Imagine the collective amount of data being generated on a daily basis by a global enterprise, such as Walmart or Toyota. Now, imagine all of its data being stored on the blockchain, such as supply chain, inventory, accounting and customer records. A blockchain needs to be scaled to be able to accommodate such massive amounts of data without crashing or causing failed transactions. Scaling is especially relevant for online platforms, such as gaming and eSports, because they generate a huge amount of data as almost everything is based and stored online. For eSports on blockchain to work efficiently, a scalable blockchain with a stable protocol is needed.
NEWARK, N.J. , Feb. 16, 2022 /PRNewswire/ -- Today, the M&M''S® brand announced that they will be giving Associates and fans a chance to be featured on Kyle Busch''s No. 18 M&M''S Toyota later this season, to celebrate and thank everyone who has made their 32 years in NASCAR legendary. Kicking off at the Daytona 500 this weekend, fans will be able to submit photos of themselves via Twitter, while following @mmschocolate and using the hashtags #MMSFANCAR #sweepstakes. A selection of photos that are received will be compiled into a mosaic that will make up a paint scheme, identical to the iconic yellow M&M''S Toyota. Fans that participate will also be entered into a monthly drawing to win an M&M''S Racing diecast or mini helmet signed by Kyle Busch . The sweepstakes is open for entries until August 25 , ahead of … Full story available on Benzinga.com

Toyota, Denso jump aftersupplier joins chip project

12:55pm, Wednesday, 16'th Feb 2022 BusinessMirror
Toyota Motor Corp. and supplier Denso Corp. rose Wednesday after the latter announced it is investing in a…

The Toyota RAV4 TRD Deserves More Respect

11:00am, Wednesday, 16'th Feb 2022
Not long ago, a crossover like the 2021 Toyota RAV4 TRD Off-Road would have been laughed out of the room.

Toyota resumes normal North America operations

10:27am, Wednesday, 16'th Feb 2022
Toyota Motor Corp said Wednesday it has resumed normal production at six plants in Ontario and the United States after protests by Canadian truck drivers prompted supply problems.

Vertu Motors secures Toyota franchise in West of Scotland

09:11am, Wednesday, 16'th Feb 2022 Share Cast
Car dealership group Vertu Motors said on Wednesday that its Scottish brand, Macklin Motors, has been awarded the Toyota franchise in the West of Scotland from 1 April.

Arnold Clark loses Toyota franchise in western Scotland to Vertu Motors

08:30am, Wednesday, 16'th Feb 2022 Car Dealer Magazine
Arnold Clark is believed to have lost its Toyota franchise in the west of Scotland, with Vertu Motors picking up the business. An announcement via the London Stock Exchange this… The post Arnold Clark loses Toyota franchise in western Scotland to Vertu Motors appeared first on Car Dealer Magazine .
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