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From scandals to slowdown, Toyota faces these top five challenges as it pursues record profits

Toyota expects stellar results in its fiscal-year earnings announcement on May 8, from record sales to record profits. But there could still be some wobbles in the final report, including guidance on whether it can keep up its red-hot pace.

Mon May 6, 2024 08:29
Magna adds 363 jobs at 3 operations in Michigan

Magna, the world’s fourth-largest auto supplier, will open an engineering center for lighting in Novi and an R&D center in Troy, while adding manufacturing capacity in Lyon Township, according to a statement last week.

Sun May 5, 2024 16:55
Aston Martin brings luxury car feel to Miami condo tower

The Aston Martin Residences Miami features 391 condos, an art gallery, two movie theaters, a golf simulator, a spa and a beauty salon.

Sun May 5, 2024 07:47
Zeekr aims to raise up to $368 million in U.S. IPO

Zeekr founder and Chairman Shufu Li, according to a U.S. filing, will control almost 75 percent of the shareholder voting power in the company after the IPO.

Sat May 4, 2024 17:47
Public retailers grapple with soft EV demand in first quarter

All six public retailers experienced challenges with electric vehicles, but also saw opportunities.

Sat May 4, 2024 14:17
TruCar details car-buying platform pilot; Q1 numbers improve

TrueCar CEO Jantoon Reigersman said its pilot of an enhanced TrueCar+ platform will enable a digital car buying transaction from start to finish.

Sat May 4, 2024 08:24

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