Toyota scrambles for EV reboot with eye on Tesla

Toyota EVs Rtrs.jpg — (REUTERS)

NS

By:

NORIHIKO SHIROUZU

|

R

By:

Reuters

October 24, 2022 01:02 PM

Toyota is considering a reboot of its electric vehicle strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing EV projects, four people with knowledge of the still-developing plans told Reuters.

Featured Stories

New Stellantis CEO Antonio Filosa faces series of hurdles

Filosa’s ability to honestly assess where Stellantis has erred in recent years could prove vital as he works to repair relationships with dealers, suppliers and employees.

New Stellantis CEO Antonio Filosa faces series of hurdles

Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal

Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal

Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output

Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output

Finance Insurance

FTC seeks to drop one count against Asbury after Trump executive order on disparate impact

FTC seeks to drop one count against Asbury after Trump executive order on disparate impact

Latest News

Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal

Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output

Live updates on tariffs: Court rulings sow tariff confusion

Daily 5 report for May 30: A look at some Ford family dynamics

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Honda Canada certifies used vehicles up to 10 model years old amid affordability challenge

BMW, Mercedes, VW said to be in talks with U.S. over possible tariff deal

Cars & Concepts: New and refreshed offerings from Kia, Subaru, Lexus, more

BYD’s latest incentives dim industry outlook for profits

Staying current is easy with newsletters delivered straight to your inbox.