Toyota is tightening the reins after seeing its first quarterly profit drop in two years. To maintain profits, Toyota plans to “hold off on investment decisions until the very last moment,” including EV and hybrid investments.
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Peter Johnson is covering the auto industry’s step-by-step transformation to electric vehicles. He is an experienced investor, financial writer, and EV enthusiast. His enthusiasm for electric vehicles, primarily Tesla, is a significant reason he pursued a career in investments. If he isn’t telling you about his latest 10K findings, you can find him enjoying the outdoors or exercising. For questions or comments, you can email him at Peter@electrek.co. You can also follow him on Twitter @EVPeteJohnson.
Lucid (LCID) is gaining momentum in Europe’s largest auto market with its luxury EVs
Home to luxury automakers like Porsche and BWM, Lucid Motors (LCID) is making a name for itself in Germany. Lucid just had its second consecutive month of record EV registrations in Europe’s largest auto market.
Expand Expanding CloseRange Rover has over 48,000 buyers waiting on its first electric SUV
The first all-electric Range Rover is almost here. Although its official debut is just around the corner, the Range Rover Electric has already secured over 48,000 clients on the waitlist.
Expand Expanding CloseThese EVs are a steal with lease prices under $300 a month this November
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Expand Expanding CloseFord scales back its leadership team in Germany again as restructuring continues
Ford is losing two of its most experienced leadership team members in Germany. The long-time leaders are leaving their roles as Ford continues restructuring its business overseas.
Expand Expanding CloseHonda’s Prologue electric SUV is taking the US by storm
Honda’s first electric SUV, the Prologue, is already a top-selling EV in the US. With demand picking up, the Honda Prologue is shaping up to be a hit.
Expand Expanding CloseSuzuki unveils its first EV, a global electric SUV that will be re-badged as a Toyota
Japan’s Suzuki has finally unveiled its first all-electric vehicle. On Monday, Suzuki introduced the e Vitara in Europe, a global electric SUV that will soon join Toyota’s lineup.
Expand Expanding CloseKia’s cheapest EV2 spotted testing and it looks like a mini Hyundai Santa Fe [Video]
Kia is gearing up to launch its most affordable EV yet. Ahead of its official debut, Kia’s cheapest EV, the EV2, was spotted testing in Korea. With new design features revealed, the EV2 is shaping up to look like a mini Hyundai Santa Fe.
Expand Expanding CloseGM is offering $1,000 off Chevy, Cadillac, and GMC EV models for Veterans Day
GM is honoring those who served our country with a new incentive to go electric. For Veterans Day and through November, GM is offering $1,000 off select Chevy, Cadillac, and GMC EV models. Here’s how you can score some savings this month.
Expand Expanding CloseGM has now sold over 300,000 EVs in the US with ‘EV for all’ plan finally unfolding
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Expand Expanding CloseBYD launches major hiring spree as record-breaking run heats up
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Expand Expanding CloseNIO’s EV sales top 20,000 for the sixth straight month as new low-cost SUV shows promise
With its new electric SUV rolling out, NIO’s (NIO) sales topped the 20,000 mark again in Oct, its sixth straight month hitting the milestone.
Expand Expanding CloseHyundai IONIQ 5 continues to defy expectations as upgraded 2025 model nears release
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Expand Expanding CloseBYD sold over 500,000 vehicles for the first time in October: Is it enough to take the EV crown?
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Expand Expanding ClosePolestar (PSNY) hits major milestone delivering its first US-made Polestar 3 electric SUV
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Expand Expanding CloseKia smashes US sales record again in October with surging demand for EVs
Kia just broke its October sales record as its impressive US sales run continues. After another record-breaking month, Kia said the growth is fueled by “strong demand” for its electric vehicles.
Expand Expanding CloseHyundai Casper EV Cross spotted for the first time with new design upgrades [Video]
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Expand Expanding CloseHyundai secures largest clean energy supply in Korea, enough to charge over 7 million EVs
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Expand Expanding CloseBYD unveils lavish interior for its new luxury Denza Z9 EV
It’s official. BYD’s new luxury electric sedan, the Denza Z9, will hit the market next month. Ahead of its November 15 debut, BYD released the first look at the interior of its new luxury EV. Check out the images below.
Expand Expanding CloseJeep price cuts are working as US inventory improves ahead of incoming EV blitz
After aggressive price cuts on Jeep models, Stellantis said US inventory improved in the third quarter. Despite this, the company’s Q3 revenue slipped 27% ahead of its upcoming EV blitz.
Expand Expanding CloseFord is shutting down F-150 Lightning production for nearly two months: Here’s why
Ford is halting F-150 Lightning production in mid-November as the once best-selling electric pickup faces a wave of new competition. The company will stop building models at its Rouge EV center in Michigan for nearly two months.
Expand Expanding CloseToyota is getting a new electic SUV from Suzuki next year: Here’s what to expect
Toyota and Suzuki are teaming up to catch up in the global EV race. Next year, Suzuki will supply Toyota with its first electric SUV, which is set to roll out worldwide. Here’s what to expect from Toyota’s new electric SUV.
Expand Expanding CloseJeep Recon EV looks a lot like the Ford Bronco as the camo comes off
Jeep’s new Wrangler-inspired electric SUV is almost ready for its big debut. The new Jeep Recon EV was spotted with hardly any camouflage, revealing a new Ford Bronco lookalike.
Expand Expanding CloseToyota’s production falls for the first time in 4 years as slow EV shift proves costly
Japan’s largest automaker is struggling as low-priced Chinese EV makers, like BYD, continue gaining an edge. Toyota’s global output fell for the first time in four years in the first half of 2024. Is the company’s slow shift to EVs to blame?
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