Toyota did not upgrade its forecasts for the year Toyota (LON:TYT) posted on Wednesday a record $8.2bn profit for Q1 in a show of the car company’s robustness in the face of the challenges posed by the pandemic. For the same period a year ago the company recorded a profit of $127.4m. Its quarterly sales […]

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Toyota has said that it will be stopping production at its British and French plants earlier than expected due to the Covid-19 border disruption. As France banned all freight or cargo from Britain for 48 hours, the group faced shortages of parts. As a result, the engine plant in Deeside in north Wales, the factory […]

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American automotive and energy company Tesla Inc (NASDAQ:TSLA) announced on Thursday that it had replaced Volkswagen AG (ETR:VOW3) as the world’s second most valuable automotive producer. The company broke through to a valuation of $102 billion or £76.1 billion, after a period of consistent growth in its share price. This news marks just another significant […]

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