On November 6, Toyota announced that its second fiscal quarter (July to September) net sales of 11.4 trillion yen, basically unchanged from the same period last year; operating profit of 1.16 trillion yen, a year-on-year drop of 19.4%, lower than the same period last year of 1.44 trillion yen, but also lower than analysts’ average estimate of 1.25 trillion yen; net profit of 573.7 billion yen, compared to the same period a year ago 128 million yen almost cut, down 55%. In the first half of the fiscal year (April-September this year), Toyota’s revenue rose 5.9% year-on-year to […]
Massachusetts voters passed a ballot measure on Nov. 5 that would allow online taxi drivers to unionize, making it the first U.S. state to allow drivers for ride-hailing companies such as Uber and Lyft to unionize, according to foreign media reports. U.S. media reported that results were in from 94 percent of precincts, with 53.9 percent of voters backing a new framework that would allow online ride-hailing drivers, who are considered independent contractors by the companies, to organize and collectively bargain with the companies over pay and benefits. American Media announced the results of the vote on Nov. 6 […]
On November 5, 2024, French tire manufacturer Michelin announced that in view of the difficulties and increasing pressures in the European automotive industry, the company plans to close two factories in France. This decision will directly affect about 1,250 employees and become an important measure for Michelin in the face of uncertainty and transformation pressure in the global automotive industry. Michelin said in a statement that the closure of the two factories was based on the company’s deliberate decision on future business layout. The company pointed out that the European automotive industry is facing multiple challenges such as falling demand, rising costs and high energy prices, which has led to […]
[Tokyo report] According to the latest news from the Yomiuri Shimbun, Nissan Motor and Mitsubishi Corporation announced that the two parties have decided to establish a new joint venture by the end of fiscal year 2024 (April 2024-March 2025) to focus on autonomous driving vehicles and electric vehicle (EV) related services. This strategic cooperation will further accelerate the layout of the two companies in the future travel field and promote the demand for innovative automotive technologies in the Japanese and global markets. The establishment of this joint venture marks the beginning of in-depth cooperation between Nissan and Mitsubishi Corporation in the fields of electrification and intelligent connected vehicles. The joint […]
According to Reuters, on November 3, Martin Kupka, Minister of Transport of the Czech Republic, said that when the EU’s stricter carbon dioxide emissions regulations will take effect next year, the Czech Republic will join the ranks of Italy to seek preventing automakers from facing the discharge of discharge. Heavy penalties. Martin Kupka said that due to the decline in European electric vehicle demand, auto manufacturers will face many difficulties in achieving new carbon emissions targets. Martin Kupka added that the Czech Republic and Italy have reached an agreement and will put forward a common position during the meeting […]
NAAMSA has attributed the decline in South Africa’s exports to “replacement of a South African large -scale OEM model, the stricter emission regulations in the European Union, and the influx of low -cost electric vehicles in China.” As South Africa’s largest automobile export market, the European Union has been gradually implementing stricter carbon emissions regulations to reduce carbon dioxide emissions of cars. Naamsa CEO Mikel Mabasa said that the European automobile market is weak because the EU’s economic growth rate in the first three quarters of this year is 0.3%, and Germany is expected to decrease by 0.2%of its […]