Toyota to get an earnings lift from hybrids as EV hype cools

Tuesday, May 7th 2024, 7:01:44 am
article
Toyota Motor is expected to get a big lift from demand for hybrids when it reports annual earnings on Wednesday, illustrating how the world's top-selling automaker is poised to benefit as hype around battery electric vehicles cools. But the forecast record results, to be helped in part by a boost from the weak yen currency, belie the considerable challenges it faces in critical markets. In China it is pressured by a ferocious price war and in the U.S., the fallout from consumers grappling with higher borrowing costs.
Breaking
A helicopter carrying Iranian president Ebrahim Raisi made a "difficult landing" on Sunday, local media reported. Raisi's condition is unknown and emergency crews are unable to find the helicopter, th...
President Lai Ching-te gets inaugurated as the new president of Taiwan Monday. His foreign policy with regards to the U.S. and China will be closely watched....
loading...