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Daihatsu Offices Raided After Scandal Halts All Car Shipments

Daihatsu Offices Raided After Scandal Halts All Car Shipments
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Toyota Shares Slump on Daihatsu Raid, US Million-Car Recall

(Bloomberg) -- Toyota Motor Corp. shares slumped the most in 18 months, after subsidiary Daihatsu Motor Co.’s offices were raided over a safety scandal and the automaker recalled 1 million cars in the US. Most Read from BloombergS&P Logs Worst Day in Two Months, Bonds Power On: Markets WrapThe Hedge Fund Traders Dominating a Massive Bet on BondsTrump Barred From Colorado Ballot in Unprecedented RulingApple Races to Tweak Software Ahead of Looming US Watch BanOnce Africa’s Richest Woman, Dos Sant

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Navistar to collaborate with GM, others on hydrogen fuel-cell commercial trucks

4 Min Read
DETROIT (Reuters) - Truck maker Navistar International Corp said on Wednesday it will collaborate with U.S. automaker General Motors Co and others to develop a hydrogen fuel-cell powered commercial truck and supporting fueling network.
FILE PHOTO: A new hydrogen fuel cell truck made by Hyundai is pictured ahead of a media presentation for the zero-emission transport of goods at the Verkehrshaus Luzern (Swiss Museum of Transport) in Luzern, Switzerland October 7, 2020. REUTERS/Denis Balibouse/File Photo
Navistar is one of several companies globally, including Tesla Inc, Nikola Corp, Daimler AG and Hyundai Motor Co that are developing zero-carbon long-haul trucks. Moves by regulators to phase out internal combustion engines have energized a race to develop commercial vehicles powered by either batteries or hydrogen fuel cells.

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