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Toyota Motor Corp. President Akio Toyoda says there is a silent majority who question whether automakers should pursue electric vehicles exclusively.
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Details of CX-90 to be fully revealed in January.
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The move will affect 1,350 employees who will be indefinitely laid off at the Belvidere, Illinois, plant.
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The new facility will employ 1,500 people and produce enough cathode and anodes components to supply 1 million EVs annually.
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Magazine cites in part the model’s appeal to existing truck owners.
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The U.S. Energy Department finalized a $2.5 billion loan to a joint venture of General Motors Co. and LG Energy Solution for three lithium-ion battery cell manufacturing facilities.
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The automaker plans to adjust its electric vehicle strategy and provide it to key suppliers early next year, report people close to the project.
Read More →Toyota maintains operations in Europe will be carbon neutral by 2040, at Toyota Motor Europe’s annual Kenshiki presentation in Brussels.
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Apple Inc. has postponed the launch date for its self-driving electric vehicle to 2026, reports people with knowledge of the matter.
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