Auto news

[liddelljohn]

Toyota today released their annual Financial and production figures ,, they are still number one Vehicle maker in a soft market worldwide with 10.8m vehicles of which less than 1.04% are EVs and 40.8% are Petrol Hybrids .Toyota are actually not planning to spend more on EVs but confirmed that investment in Hydrogen and Alternate ICE development will be tripled .....Also Toyota group still number 1 for reliability and quality  and the most profitable  .

Another interesting development from German and Austrian press and auto industry is that many Chinese made EVs sold in Europe are not doing very well in European winter conditions ,,,corrosion and rust is apparently a big issue and many cars have very thin non galvanised steel panels and are failing EU MOT tests at 3 years old equivalent ,,,, some are not worth repairing ...Also during the coldest months many EU owners are complained of much reduced charge rates and range especially with heaters on ....

Also Chinese car manufacturers are admitting they are not making any real profits on models they sell in China despite subsidies, due to cutthroat competition and dropping sales in China and that only real profits are being made on foreign sales margin where they can sell for 200% markup despite tarriffs ...They all admit they are trying to gain market share and traction overseas to become profitable but will need continuing aid and subsidy from Chinese Government

 

Last edited: 5 minutes ago

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