Toyota, Honda, Mazda Executives Bow in Apology Over Car Certification Fraud

June 04, 2024 – Following a series of investigations prompted by previous irregularities at Daihatsu Industrial Co., the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) of Japan announced on June 3rd that it had conducted an investigation into 85 automakers to assess whether there were any irregularities in their mass production certification applications. The…

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Why Are Japanese Cars Losing Ground? Toyota Faces Major Sales Declines in Japan and China

June 03, 2024 – Amidst intensifying competitive pressures, Toyota, the world’s leading automotive manufacturer, is facing a significant downturn in its vehicle sales. Recent data reveals that in April, the company’s global production slipped to 756,254 units, marking a 4% year-on-year decline. Simultaneously, global sales also edged down to 797,097 units, maintaining a three-month streak…

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BMW Plans Limited Run of 20-25 Skytop Concept Cars

May 29, 2024 – Adrian van Hooydonk, the Design Director of BMW Group, recently hinted at the possible limited production of the newly unveiled concept car, Skytop, at the just-concluded Concorso d’Eleganza Villa d’Este in Italy. According to Hooydonk, the company might manufacture between 20 to 25 units of the Skytop by 2026, depending on…

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Faraday Future Faces Uncertainty: Delivered Only 4 FF 91 Futurist Cars Last Year

May 29, 2024 – Faraday Future (FF), the electric vehicle startup, has recently disclosed its financial results for the fourth quarter and full year ended December 31, 2023. The report reveals that the company generated a meager revenue of 800,000fortheentireyear,whileincurringsalescostsof43 million. Interestingly, the report states that there was no revenue or sales cost in 2022,…

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