Toyota Cuts EV Sales Expectations By 39 Percent As Its Profits Soar Thanks To Hybrids

Toyota Motor Corp. lowered its electric vehicle sales expectations for this fiscal year by a rather significant 39 percent, from an initial 202,000 units to a less-than-stellar figure of 123,000, the company said in its second-quarter financial report. However, let’s not forget that the Japanese company is one of the three biggest carmakers in the…

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Motorsport Network Appoints Mike Spinelli, Travis Okulski As Group Editorial Leaders

NEW YORK, Nov. 1, 2023 – Motorsport Network, the leading independent global motorsports and automotive digital media platform, today announced the hiring of Mike Spinelli as Head of Content and Travis Okulski as Editorial Director, Automotive. Spinelli will work on brand extensions across Motorsport Network ‘s portfolio, including Motorsport.com and Autosport, while Okulski will focus…

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Mahle India opens new R&D facility for electrification in Coimbatore, TN, ET Auto

The launch of the new R&D testing center comes when India is witnessing an encouraging response to vehicle electrification, especially the two-wheeler segment. New Delhi: Mahle Electric Drives India (MEDI) has inaugurated a state-of-the-art Research and Development Testing Center at its manufacturing plant in Coimbatore/Tamil Nadu. The newly opened facility is poised to play a…

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India’s Amara Raja Q2 profit climbs as demand offsets higher costs, ET Auto

Amara Raja’s clients such as Maruti Suzuki have also boosted production as semiconductor supplies improved. India’s Amara Raja Energy & Mobility on Tuesday reported a jump in second-quarter profit, as improved demand for its products helped offset higher expenses. The Amaron battery maker’s consolidated net profit after tax came in at 2.26 billion rupees (USD…

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