Toyota has terminated its tie-up with Tesla and stepped up efforts to develop electric vehicles by itself, a newspaper said Saturday. In 2010, the two companies agreed on a comprehensive cooperation with the Japanese auto giant paying $50 million to buy 3.15 percent of shares in the US electric automaker. Two years later they jointly … Read more
Toyota said Wednesday its annual net profit fell for the first time in five years, with the Japanese automaker unexpectedly warning of more declines as a stronger yen takes a bite out of its bottom line. The Corolla and Prius hybrid maker posted a profit of 1.83 trillion yen ($16 billion) on slightly lower revenue … Read more
Toyota said Wednesday it is recalling all the Mirai fuel-cell vehicles it has sold globally due to a software glitch that can shut off its hydrogen-powered system. The auto giant said it would call back about 2,800 Mirai vehicles made between November 2014 and December 2016 to repair the defect. Toyota launched Mirai — which … Read more
Forward from “Barcelona” Lionel Messi has bought a Ferrari for €32 million. What other cars in his garage? Argentinian football player took away € 32 million at auction for the Ferrari 335 S Spider Scaglietti 1957, beating the previous record from € 3 million to the Spanish. In accordance with Tuko.co.ke the main competitor at … Read more