Automotive

Weak yen helps Toyota compensate for Japan problems

Toyota reported a small rise in net profits on Thursday as a weak yen and cost cuts helped the Japanese auto giant overcome a drop in production and sales in its home market.

Business

Meta profits soar but costs of AI cause worry

Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter, but worries about the cost of artificial intelligence saw its share price take a hit on Wall Street.

Business

Qantas loses court fight over COVID lockdown layoffs

Qantas illegally sacked 1,700 ground staff during COVID-19 lockdowns, Australia's High Court ruled Wednesday, dismissing an appeal by the airline and opening up the prospect of hefty compensation.

Automotive

Stiff EPA emission limits to boost US electric vehicle sales

The Biden administration is proposing stiff new automobile pollution limits that would require up to two-thirds of new vehicles sold in the U.S. to be electric by 2032, a nearly tenfold increase over current electric vehicle ...

Automotive

Volvo's shares up after record first quarter profits

Volvo Group's shares were up seven percent Wednesday after the Swedish truck-maker posted record first-quarter earnings, in a sign of an easing of supply chain disruptions and high costs that have plagued the auto industry.

Energy & Green Tech

4 in 10 say next vehicle may be electric: Poll

Many Americans aren't yet sold on going electric for their next cars, a new poll shows, with high prices and too few charging stations the main deterrents. About 4 in 10 U.S. adults are at least somewhat likely to switch, ...

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