Toyota

Toyota Finally Slashes North American Production

By Betty C. Morrow 1 month ago

⚡️ Read the full article on Motorious

The car chip shortage is getting worse, and nobody seems to be safe now…

The latest victim in the ongoing microprocessor chip shortage for the automotive industry is Toyota’s North American operations. As reported in multiple major media outlets, production of Toyotas on this continent is being scaled back as the auto giant feels the pinch after sidestepping it previously. The chip shortage has been blamed by many on the coronavirus pandemic in Southeast Asia, where the vast majority of microprocessors for vehicles are manufactured, but other factors have cut production dramatically.

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Production of Toyotas in North America will be slashed by a whopping 40 percent, affecting lines at 14 different assembly plants. That means in August alone Toyota believes it will make between 60,000

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Toyota Motor, Daimler, CNH Industrial and XPeng

By Betty C. Morrow 2 months ago

For Immediate Release

Chicago, IL – July 16, 2021 – Today, Zacks Equity Research discusses Foreign Autos including Toyota Motor Corporation TM, Daimler AG DDAIF, CNH Industrial N.V. CNHI and XPeng Inc. XPEV.

Link: https://www.zacks.com/commentary/1761895/4-foreign-auto-stocks-braving-multiple-industry-headwinds

The prospects of Zacks Automotive – Foreign industry look bleak as the market is reeling under semiconductor supply shortfall. Various auto biggies across the globe are battling chip deficit, which is hindering their business operations and forcing them to idle production lines. Rising infections of delta variant in various key markets are adding to the woes.

Meanwhile, the electric vehicle (EV) market is growing prolifically, with advanced technology being leveraged more than ever before. Industry participants like Toyota Motor, Daimler, CNH Industrial and XPeng are poised to fend off broader headwinds and witness long-term benefits amid rising EV popularity.

About the Industry

Companies in the Zacks Automotive – Foreign industry are involved in

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2012 Toyota Camry Hybrid Lease Payment Calculator

By Betty C. Morrow 4 months ago

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Our calculators are intended to produce rough estimates provided solely for informational purposes. You should not take action based on the information provided through this calculator alone. When available, we recommend you use interest rate information provided to you by your dealer or lender.

Car Lease Calculator

As new cars get more technologically advanced and more expensive, new car leasing has gotten more popular. However, if you’ve never done it before, leasing a car can seem confusing.

It doesn’t have to be. A new car lease is simply another way of borrowing money to pay for a car. There are two main differences between a car lease and a car loan: how much of the car’s value you borrow and what happens at the end of the lease or loan term.

When you finance a

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Toyota chief Akio Toyoda is 2021 World Car Person of the Year

By Betty C. Morrow 6 months ago

Toyota president and CEO Akio Toyoda has been named 2021 World Car Person of the Year by the World Car Awards organisation.



Akio Toyoda posing for the camera

© Provided by Motoring Research
Akio Toyoda

The charismatic Toyota leader beat four other global automotive execs to the top spot thanks to votes from 93 international motoring journalists.

Mr Toyoda succeeds last year’s winner, Stellantis CEO Carlos Tavares, in being honoured as someone who has made a significant contribution to the global automotive industry.

“On behalf of all 360,000 Toyota team members around the world, thank you for this tremendous honour!” said Mr Toyoda.

“If you don’t mind, however, I would like to change this award from car ‘person’ of the year to car ‘people’ of the year – because it’s the collective effort of all our global employees, retailers and suppliers that has truly made Toyota what it is today.

“I for one couldn’t be

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