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- BusinessAFP
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.Toyota said the rise in profit was "despite a decrease in production and sales volume in Japan, due to the effects of foreign exchange rates and cost reduction efforts".
3-min read - BusinessReuters
China woes hit BMW as profit margin falls
BERLIN (Reuters) -BMW reported a lower-than-expected profit margin in its core automotive segment during the second quarter on Thursday, hitting its shares as heightened competition and weaker demand in China weighs on the sector. The German automaker's earnings before interest and tax (EBIT) margin in its car segment fell to 8.4% from 9.2% in the same period last year, falling short of the 8.7% expected by analysts, according to a company-compiled consensus. BMW and its peers are under pressu
2-min read - LifestyleThe Telegraph
How driving can improve your mental health
The activity of driving is rarely something that we associate with mindfulness or relaxation. Yet, in a world where time away from screens, work and the constant buzz of modern life is increasingly at a premium, driving can be a real opportunity to escape; a time to utilise as “me time” in your everyday routine or on one-off trips such as a day at the seaside.
6-min read - BusinessOxford Mail
Jeremy Clarkson’s former Ford Escort to bring in £75,000 at auction
A beloved car of Clarkson's Farm star and former Top Gear presenter Jeremy Clarkson is set to fetch up to £75,000 at auction.
2-min read - NewsEuronews
Tesla in US car crash that killed motorcyclist used self-driving system, authorities say
A car crash in the US state of Washington involved Tesla's "Full Self-Driving" system.
1-min read - BusinessReuters
Toyota to post rise in Q1 profit on hybrid demand, but momentum may be slowing
Demand for hybrids is likely to deliver another quarter of double-digit growth for Japan's Toyota Motor when it reports earnings on Thursday, although it is expected to show signs of slowing after a run of record profits. Analysts will be paying close attention to how much momentum the world's top-selling automaker has lost from previous quarters, given challenges like a tough market in China and fallout from a certification scandal. Toyota's global sales declined 2% in April-June versus a yea
3-min read - BusinessReuters
Japan orders 'drastic reforms' after new Toyota certification violations
TOKYO (Reuters) -The Japanese government ordered Toyota Motor on Wednesday to make "drastic reforms" after discovering new violations in the automaker's vehicle certification procedures. In a so-called corrective order, the transport ministry said on-site inspections had uncovered widespread, intentional misconduct and irregularities in seven additional models that had not been previously disclosed. Toyota said the corrective order instructed it to "make drastic reforms to ensure appropriate c
2-min read
