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Toyota's April-June profit fell to $5.7 billion, down from $13.3 billion last year, due to tariffs and exchange rates. The company forecasts lower full-year profits and reports increased costs, with analysts noting it is among the worst hit by tariffs among global automakers.
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Toyota forecasts a 1.4 trillion yen ($9.5bn) hit from US tariffs, revising down its profit outlook for 2026. Other automakers like Honda, Mercedes, and Porsche report significant profit declines due to tariffs, supply chain disruptions, and declining demand, amid ongoing trade tensions and tariff negotiations.
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A single-motor Polestar 3 has set a Guinness World Record for the longest drive on a single charge, covering 581 miles in nearly 23 hours. The feat highlights the vehicle's efficiency, with a 40% improvement over twin-motor versions, amid other EV and performance innovations.
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A magnitude 8.8 earthquake off Kamchatka last Wednesday caused significant damage in Russia, including volcanic eruptions and a tsunami that affected Japan, Hawaii, and the US West Coast. Warnings have been downgraded, with no major damage outside Russia reported as of now.
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Prices paid to US producers rose sharply in July, the largest increase in three years, driven by tariffs and rising costs. Consumer prices are also accelerating, with economists predicting inflation will stay high, prompting expectations of Federal Reserve rate cuts amid ongoing trade tensions.
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Tesla's European vehicle registrations declined sharply in August, with a 40% drop in July, as Chinese rivals like BYD gain market share. Meanwhile, hybrid EV sales surge across Europe and the US, impacting Tesla's market position amid increased competition and product challenges.
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As of September 9, 2025, the US has formally reduced tariffs on Japanese automobiles and parts from 27.5% to 15%, following a July agreement. Japan pledged $550 billion in US investments and agreed to increase imports of American agricultural products, including rice. Some tariff issues on pharmaceuticals and semiconductors remain unresolved, with ongoing administrative talks.
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Uber is integrating Blade's helicopter and seaplane routes into its app, with plans to include electric air taxis from Joby Aviation. The move aims to make urban air mobility more accessible globally, starting in New York and Dubai, pending regulatory approval.
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Toyota recalls over 590,000 vehicles due to instrument panel failures risking crashes. Hyundai recalls 568,000 SUVs for seat belt issues. Nissan issues a recall for 1,661 vehicles over a torque transfer defect, potentially causing loss of propulsion. These recalls highlight ongoing safety concerns in the auto industry.
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DoorDash has introduced Dot, a new self-driving delivery robot designed for urban environments. The robot, equipped with sensors and a cartoonish appearance, is currently being tested in Phoenix and aims to improve last-mile delivery. The project reflects ongoing efforts to automate food delivery amid industry competition.
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Toyota reported strong August sales in China, aiming for its first annual growth in four years, driven by locally produced new-energy vehicles and hybrids. Meanwhile, China will require export licenses for EVs from next year to curb low-quality exports and promote technological competition.
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Tesla reported a record 497,099 vehicle deliveries in Q3 2025, a 7.4% increase year-over-year and a 29% jump from Q2, driven by a rush to claim the expiring $7,500 US federal EV tax credit. Rivian also saw quarterly delivery growth but lowered its 2025 forecast. Tesla's European sales fell 22.5%, while China deliveries included a new Model Y variant. Munro EV in Scotland plans to create 300 jobs to scale production of its all-terrain electric vehicle.
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Toyota is recalling nearly 394,000 2022-2025 Tundras and Sequoia hybrids due to a software malfunction affecting the camera display. Dealerships will update the software free of charge, with owner notifications starting November 16. The recall aims to address the display malfunction caused by a software bug.
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Major US automakers, including GM and Rivian, are adjusting their electric vehicle strategies following policy shifts and declining demand. GM announced a $1.6 billion charge due to lower EV sales, while Rivian forecasts fewer deliveries this year. Industry slowdown is linked to policy changes and market conditions.
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Recent articles highlight major developments in automotive AI, including GM's rollout of Level 3 autonomous driving in 2028, Lucid's partnership with Nvidia for Level 4 systems, and GM's overhaul of vehicle architecture. Tesla's LiDAR skepticism and GM's AI integration reflect industry shifts toward smarter, safer vehicles.
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Automakers report mixed results in 2025, with Stellantis rebounding in North America, Toyota maintaining growth despite market challenges, and Chinese EV dominance expanding. Industry faces geopolitical risks and shifting consumer preferences, impacting future strategies.