Japanese automaker Toyota Motor said on Friday that its sales increased 5.1 percent in the first half of 2023 compared to the same period last year, thanks to the easing of semiconductor supply restrictions and, in particular, strong demand in Japan. The company sold about 4.9 million vehicles globally in …
Read More »Toyota production up 9% in January, chip pain still lingers
Toyota Motor Corp boosted global vehicle production by 9% in January, it said on Monday, its first increase in two months even as the carmaker continued to feel the strain from global chip shortages. The company, which is the world’s largest automaker by volume, and other car manufacturers are still …
Read More »Toyota to produce 10.6 million cars globally in 2023, biggest output
Toyota Motor Corp. said Monday it aims to produce as many as 10.6 million vehicles in 2023, which could be its highest output. The Japanese auto giant added, however, that the final figure could be as much as 10 percent lower due to potential disruptions in the supply of parts. …
Read More »Switzerland ponders banning electric vehicles on energy
Switzerland is pondering a ban on using electric vehicles in the country in order to address winter’s energy crisis. The government has passed a proposal to brace itself for an energy crisis this winter. But the country has not really put a ban on EVs as of yet, it has …
Read More »Gogoro’s Q2 earnings signal cautious outlook for the second half
Since launching in 2011, Gogorohas grown into an EV battery swap leader. Gogoro released its Q2 earnings results yesterday, signaling a cautious but optimistic road ahead in the second half of 2022. Today, Gogoro offers one of the world’s most extensive battery swapping networks. In fact, over the past six …
Read More »The government of Ukraine ends restrictions on the export of corn and sunflower oil
The Ukrainian government website reported on Friday that the government has removed the requirement to obtain export licenses for corn and sunflower oil for the 2021-2022 season. Ukraine had suspended exports of some grains, salt, sugar, meat and livestock as it battled an invasion by Russian military forces, and loaned …
Read More »Cash Crunch Drives Wild Moves In Commodities
Exchanges and brokers are demanding more money up front to trade oil, wheat and natural gas, straining markets already dealing with supply disruptions from the Ukraine war. Commodity prices are hot right now. But the prices investors are paying in the open market for commodities like coffee, copper or corn …
Read More »Tesla Shares Jump On Musk’s Tweet
Tesla shares were trading 3.49% higher at $902.05 (Tesla, Inc.’s TSLA +3.88%) late during Friday’s session on the back of a Thursday tweet by CEO Elon Musk seems to be helping the company’s stock. All the tweet said is “working on Master Plan Part 3,” but people who follow the …
Read More »Nickel prices fell 12% on the London Metal Exchange
3-month nickel contracts retraced 12% on Friday morning to new trading levels, as heavy selling continued in the international metals markets. The price reached 36,915 dollars per metric ton with the opening of trading on the London Metal Exchange. Nickel prices doubled within hours on March 8, surpassing $100,000 a …
Read More »Tesla hikes Vehicle Prices After Elon Musk’s Inflation Warning
Tesla is raising prices for its entire electric car lineup – a move that came days after CEO Elon Musk warned the firm was under “significant” inflationary pressure given the rising cost of key commodities following the Russian invasion of Ukraine.For example, Tesla’s cheapest available car, the Model 3 with …
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