Revolutionizing Wheels
Embracing automotive culture extends beyond transport, embodying individuality, ambition, and status. In a recent study by Tinting Chicago, American automotive desires reveal iconic cars that transcend function to become symbols......
Demand for taxis
Lyft has increased revenues compared with the previous quarter and expects a further recovery in demand for its taxi service. Lyft provided an outlook for the coming quarter and reiterated its promise to become pro......
Selling the division
Lyft is repeating a move by Uber and is also selling its Level 5 unmanned driving technology division in order to cut costs and achieve profitability. To do so, Lyft has signed an agreement with Woven Planet, a subsidiary of Toyot......
Popconductor shortages
The chip shortage problem has affected technology manufacturers around the world while shares of carmakers have fallen due to forced plant shutdowns, shares of semiconductor and semiconductor equipment manufacturers are rising.
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Production shutdown
Toyota Motor (NYSE:TM), Honda (T:7267) Motor (NYSE:HMC) and Samsung (KS:005930) Electronics (LON:0593xq) said production problems as bad weather, blocked ports and the ongoing impact of Covid-19&n......
Japanese markets
Japan's Nikkei stock index fell on Friday, interrupting a four-day rally that lifted its value to a high of more than 30 years.
The Nikkei closed down 0.14 per cent to 29,520.07 points. The broader Topix index added 0.16% to 1,933.88......
Toyota Motors' earnings
Japan's Toyota Motor Corp (T:7203). net profit rose 50%, or 1.5 times, to 838.7 billion yen ($8.02 billion) for the third quarter of fiscal 2021 (October-December), up from 559.......
General Motors will be a strategic partner
Honda Motor has been forced to make compromises in a changing car market. At the same time as Toyota, it has embarked on a course to create cars that use hydrogen fuel cells, and of the "purebred" electric ca......
An electric car with a range of 500 metres
Toyota began working closely on solid-state batteries for electric cars in 2017, with the hope of commercialising the technology on mainstream cars in the 202......
Adding to S&P 500
The S&P Dow Jones Indice Index Committee decided to add Tesla shares to the S&P 500 in one step after consulting with investors. The addition will force the index funds to buy these sh...
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