Russia plans to subsidize electric cars to spur demand

Production shortfall from the semiconductor shortage was estimated at 700,000 units. All regions reported positive operating margins, largely due to higher prices and improved model mix.

Automaker could have sold more cars in the U.S. but inventory levels were very low, CFO Katsuyuki Mizuma said.

The automaker warned of tense months ahead because the global chip shortage will continue to hit vehicle output.

The company may now offer autonomous vehicle rides as long as it has human safety operators in control of its vehicles.

The automaker is urging India to allow it to import cars more cheaply before it commits to setting up a factory in the country.

Ferrari stuck to its main 2021 targets, despite tripling second-quarter profits as shipments recovered from pandemic-hit trading in the same period last year.

Toyota says the Land Cruiser's new platform and other technologies offer safety and performance improvements for a smoother ride on city streets and more ability to handle off-road challenges. 

The global chip shortage and a new surge in COVID-19 infections are weighing on the prospects for a strong rebound in new-car sales, the CCFA lobby group said.

Rivian, seen as a potential rival to Tesla, said this month it expects to begin first deliveries of its R1T pickup in September and its R1S SUV in the autumn.

Under the South African native's guidance, the automaker's sales and market share increased, and the brand became a low-emissions leader with a hybrid-dominated lineup.