Page 31 - David Dolan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Toyota Motor on Tuesday posted a 93.7% jump in first-quarter operating profit to 1.12 trillion yen , with results boosted by a weak yen and increased sales. ...

Toyota will strengthen development of electric vehicle technology in China, the automaker said on Monday, as it looks to catch up with increasingly tough domestic competition in the world's largest auto market. It recently detailed an ambitious new EV strategy that includes an overhaul of its supply chain and the development of long-range batteries. China was once regarded by foreign automakers as an opportunity for almost boundless growth.

Japan's Panasonic Holdings posted a 42% rise in first quarter profit on Monday, buoyed by a weaker yen and stronger sales in its automotive and energy segments, while it stuck to its full-year outlook. Panasonic, whose energy unit makes batteries for Tesla Inc, said operating profit came to 90.37 billion yen ($637 million) in the three months to end-June, versus the 91.18 billion yen average forecast in a poll of 11 analysts by Refinitiv. Its battery unit, Panasonic Energy, and Subaru said they have started talks to establish a battery supply partnership for electric vehicles that would...

By Makiko Yamazaki and Anton Bridge TOKYO (Reuters) -Two of Japan's megabanks reported solid quarterly profits on Monday amid hopes the Bank of Japan'...

TOKYO (Reuters) -Toyota will strengthen its development of electric vehicle technology in China, the automaker said on Monday, as it looks to catch up with ...