Orders it to pay $60 million for running an illegal F&I product bundling scheme.
Toyota Motor North America has 12% increase.
Reaching the Biden Administration’s goal of 50% of U.S. new vehicle sales being BEVs by 2030 is unlikely, says Jack Hollis of Toyota in a webinar.
Automakers blame tightened inventories for double-digit sales declines, but warn higher interest rates, gas prices and rising inflation will push buyers out of the market.
GM sales fall short of Toyota Motor Corp. over two consecutive quarters.
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