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Auto Blog News Feed: Toyota sees profit slip but beat earlier forecasts

Sat, 11/07/2020 - 15:02

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Toyota’s July-September profit fell 11% from a year earlier as the coronavirus pandemic slammed global demand, but Japan’s top automaker appeared to be holding up better than weaker rivals that have sunk into the red. Toyota Motor Corp. reported Friday a quarterly profit of 470.5 billion yen ($4.5 billion), down from 530 billion yen a year ago. Its president, Akio Toyoda, told reporters Toyota employees worked extremely hard, including making masks and face shields and boosting efficiency at f

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Toyota sees profit slip but beat earlier forecasts originally appeared on Autoblog on Sat, 7 Nov 2020 10:02:00 EST. Please see our terms for use of feeds.

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Auto Blog News Feed: GM plans to sell the Chevy Tahoe and Cadillac Escalade in China

Fri, 11/06/2020 - 16:30

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General Motors Co plans to sell full-size sport-utility vehicle (SUV) models in China for the first time, and will import a range of models to beef up its product lineup into the world's biggest car market, its China chief told Reuters. The plan would mark a change of tack for GM, which currently produces all of the vehicles it sells in China within the country, which is set to be the only major economy to grow this year amid the COVID-19 pandemic. GM, China's second-biggest foreign aut

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GM plans to sell the Chevy Tahoe and Cadillac Escalade in China originally appeared on Autoblog on Fri, 6 Nov 2020 11:30:00 EST. Please see our terms for use of feeds.

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Auto Blog News Feed: GM full-size truck production coming to Canada after $1 billion investment

Thu, 11/05/2020 - 20:04

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General Motors Co will invest 1 billion Canadian dollars in its Canadian operations to expand production of highly profitable full-size pickup trucks to meet growing demand, Chief Executive Mary Barra said on Thursday. The Detroit automaker's plan, announced after it reached a tentative new labor agreement with Unifor - the union representing hourly workers in Canada - is to bring back production of its Chevrolet Silverado and GMC Sierra trucks to its Oshawa plant, Barra told analysts.

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GM full-size truck production coming to Canada after $1 billion investment originally appeared on Autoblog on Thu, 5 Nov 2020 15:04:00 EST. Please see our terms for use of feeds.

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