November 9, 2024

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Latest November 9, 2024

Toyota’s Bold China Strategy, Targeting 2.5 Million Vehicles Annually by 2030 Amid Intensified Competition

Key Points Toyota plans to produce 2.5 to 3 million vehicles annually in China by 2030, up from 1.75 million last year. Toyota will grant more autonomy to China-based teams to align development with local preferences, especially for EVs. Domestic EV brands like Hongqi and Aion currently outsell Toyota’s models, emphasizing the need for competitive local offerings. Toyota’s operating income...

NHTSA Warns Tesla for Misleading Social Media Posts About FSD system

Key Points NHTSA has warned Tesla about misleading social media posts about its FSD system and must respond by December 18 or risk up to $135.8 million in fines. Some posts suggest Tesla’s FSD operates as a fully autonomous system, conflicting with official messaging that human supervision is required. The investigation stems from crashes involving FSD, including a fatal pedestrian...