Toyota quarterly net profit hits $6.8 bln beating estimates despite chip shortage

06:29am, Wednesday, 09'th Feb 2022 Al Arabiya (English)
Toyota on Wednesday logged a forecast-beating net profit of $6.8 billion for the three months to December, even as a global chip crunch and a pandemic-driven parts shortage forced production cuts.The
Toyota Motor Corp.'s third-quarter net profit fell 5.6% compared with the same period a year earlier as sales dropped due to the parts shortage caused by the Covid-19 pandemic.
TOKYO (Reuters) -Toyota Motor Corp on Wednesday cuts its annual vehicle production target as a chip shortage crimped vehicle output, posting a 21% fall in third-quarter operating profit to 784.4 billi

Subaru opens up reservations for its first EV, the Solterra

05:29pm, Tuesday, 08'th Feb 2022 TechCrunch
Forget the electric pickup truck wars, which has Ford, GM and Rivian ducking it out for market share. The electric wagon-meets-crossover battle is heating up with Toyota, Subaru, Hyundai and Kia all introducing new EVs this year. The latest is Subaru, which opened up reservations Tuesday for its upcoming 2023 Solterra EV. The Solterra, the []
Forget the electric pickup truck wars, which has Ford, GM and Rivian ducking it out for market share. The electric wagon-meets-crossover battle is heating up with Toyota, Subaru, Hyundai and Kia all introducing new EVs this year. The latest is Subaru, which opened up reservations Tuesday for its upcoming 2023 Solterra EV. The Solterra, the []
"I'm very, very optimistic that we're going to have another great year in 2022," the Toyota North America sales chief told CNBC on Tuesday.

7 EV Stocks With Key Product Launches In 2022

10:48am, Tuesday, 08'th Feb 2022
EV stocks have gotten off to a weak start in 2022, but compelling new products could serve as key catalysts to reverse sentiment. The post 7 EV Stocks With Key Product Launches In 2022 appeared first
FAIRMONT, W.VA ., Feb. 8, 2022 /PRNewswire-PRWeb/ -- Toyota returns to the battlefield in 2022 with a bang, wresting other brands'' clutch over multiple segments. Numerous anticipated upgrades and carried-over amenities are offered on every trim level of the 2022 Toyota RAV4, now available for sale at Dan Cava Toyota World in Fairmont, West Virginia . Included in the brand-new RAV4 is Toyota''s most diverse technological suite, elevating the driving experience across all terrains. Scores of mechanical tweaks and popular add-ons make it an SUV worth looking forward to this year. Robust systems akin to the wild details of a prowling beast establish the Full story available on Benzinga.com

Fukuoka City, Toyota and CJPT agree to cooperate on hydrogen

09:49am, Tuesday, 08'th Feb 2022 Just Auto
Hydrogen produced from sewage powers public service vehicles. The post Fukuoka City, Toyota and CJPT agree to cooperate on hydrogen appeared first on Just Auto .

Tokyo stocks close higher with eyes on earnings

07:38am, Tuesday, 08'th Feb 2022 Business Recorder
TOKYO: Tokyo stocks closed higher on Tuesday as expectations for economic recovery were partly offset by concerns over tensions between the United States and China, with investors focused on corporate earnings reports. The benchmark Nikkei 225 index ended up 0.13 percent, or 35.65 points, at 27,284.52 while the broader Topix index was up 0.42 percent, or 8.07 points, at 1,934.06 at the close. "Reports that the number of new coronavirus infections are declining in the US prompted gains for the Nikkei in early trade, on hopes for the resumption of economic activity," Okasan Online Securities said in a note. But the upward movement was short-lived "as risk-aversion grew on worries about US-China relations", it added. European stocks rally at open after Tokyo, US gains The dollar fetched 115.41 yen in Asian trade, against 115.10 yen in New York late Monday. Toshiba was down 1.77 percent at 4,715 yen after it unveiled plans to split into two companies, revising a controversial proposal to divide into three following a tumultuous period for the storied industrial conglomerate.
By Tim Kelly and Maki Shiraki TOKYO (Reuters) South Koreas Hyundai Motor Co said on Tuesday it is returning to Japan 12 years after leaving because of poor sales, as growing demand for electric vehicles offers a fresh opening in a market dominated by Toyota Motor.
Whether it makes it to production or not, the self-drift feature will probably activate itself only when youre in danger
By Tim Kelly and Maki Shiraki TOKYO (Reuters) - South Korea''s Hyundai Motor Co said on Tuesday it is returning to Japan 12 years after leaving because of poor sales, as growing demand for electric vehicles offers a fresh opening in a market dominated by Toyota Motor. Hyundai said it will sell its Nexo SUV hydrogen fuel cell electric vehicle and its Ioniq 5 midsiz

Key Events This Week: All Eyes On The CPI

02:54pm, Monday, 07'th Feb 2022 Zero Hedge
Key Events This Week: All Eyes On The CPI After what DB''s Jim Reid describes as "a week for the ages" this week should be calmer until of course US CPI comes along on Thursday. As the Deutsche strategist notes, in his look back at a hell of a week, what made last week so fascinating was the rare interplay between macro and micro. Not only did the rates world shake and reverberate (2yr bunds +35.9bps and the worse week since 2008), but on successive days we saw the biggest market cap fall in history for any company (Meta), followed by the biggest rise ever (Amazon). We have 83 S&P 500 companies reporting this week but no Goliath sized ones, so it''ll be a more normal week for earnings. The macro and micro last week was enough to push the Russian/Ukraine tensions into the background but they are clearly still there so we have to watch out for that as well. Over the weekend ECB governor Knott (a hawk) became the first ECB official to confirm what we reported last week, when he endorsed a 2022 hike by suggesting that he expects a hike around Q4 and another in Spring 2023, and that they are most likely to be in 25bps increments.
Electric vehicles are becoming popular, and these quantum glass battery stocks are needle-movers in the emerging solid-state battery sector. The post 3 Quantum Glass Battery Stocks That Could Break Ou
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