7203.T - Toyota Motor Corporation

Tokyo - Tokyo Delayed Price. Currency in JPY
7,269.00
+161.00 (+2.27%)
At close: 3:15PM JST
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Previous Close7,108.00
Open7,200.00
Bid7,266.00 x 0
Ask7,270.00 x 0
Day's Range7,160.00 - 7,278.00
52 Week Range6,045.00 - 7,494.00
Volume4,755,500
Avg. Volume4,914,973
Market Cap20.616T
Beta (3Y Monthly)0.81
PE Ratio (TTM)11.04
EPS (TTM)658.27
Earnings DateNov 8, 2019
Forward Dividend & Yield240.00 (3.30%)
Ex-Dividend Date2019-03-27
1y Target Est8,332.90
  • Japan Sends in 110,000 Rescuers as Typhoon Death Toll at 40
    Bloomberg

    Japan Sends in 110,000 Rescuers as Typhoon Death Toll at 40

    (Bloomberg) -- Japan is sending more than 110,000 people including its Self-Defense Forces to tackle rescue and cleanup operations in the wake of the most powerful typhoon to hit the country in decades, which left at least 40 people dead.Police, firefighters and the coast guard are also participating in the rescue efforts, Japan’s Chief Cabinet Secretary Yoshihide Suga told a news conference on Monday. More than 180 people were injured and 16 were missing as many areas were hit by record amounts of rainfall and violent winds, according to national broadcaster NHK.At least 48 landslides and mudflows have been reported in 12 prefectures, and nine rivers burst their banks, Kyodo news reported, citing the Ministry of Land, Infrastructure, Transport and Tourism.The heavy rain destroyed river banks in central and northern Japan -- most seriously the Chikuma River in Nagano prefecture, northwest of Tokyo. Houses were flooded in the area, with NHK showing footage of collapsed bridges and residents being rescued by helicopter from rooftops.Typhoon Hagibis moved away from the island by Sunday morning and was downgraded to a tropical storm, according to the Japan Meteorological Agency. At its peak, Hagibis was packing winds of up to 252 kilometers (157 miles) per hour.Help RequestA total of nine local governments, including Tokyo and Nagano, have requested assistance from the country’s Self-Defense Forces. Defense Minister Taro Kono tweeted that a total force of 31,000 troops was formed and about 40 aircraft are in operation to help residents.Domestic flights were mostly operating normally on Monday, though there were some delays. More than 800 flights in Japan were canceled for Sunday as of early morning.The economic impact from the storm has yet to be determined as companies were forced to suspend operations at stores and factories. Honda Motor Co. shut down four factories, the Nikkei newspaper reported Saturday. Toyota Motor Corp., Nippon Steel Corp. and Sapporo Holdings Ltd. also suspended operations at some plants.Big DamagesInsurance claims for the typhoon, which threatens to be the nation’s second-costliest storm, may reach $5 to 10 billion, Bloomberg Intelligence analyst Steven Lam wrote in a report. Widespread floods will likely push up average claims higher than Typhoon Faxai, which hit Tokyo and Chiba in September.JXTG Holdings Inc.’s Negishi refinery suspended shipping after flooding caused problems to its equipment, but operations are expected to resume today, according to a Ministry of Economy, Trade and Industry statement. METI also said that about 92,000 households were without power.Convenience stores closed temporarily due to power outages and flood damage. FamilyMart Co. said about 50 stores were shut. Other retailers, including Isetan Mitsukoshi Holdings Ltd., resumed operations on Sunday after closing six department stores in the Tokyo area on Saturday.Phone ProblemsNTT Docomo Inc. said its mobile services were temporarily unavailable or operating on a limited basis in certain areas due to the storm, and the company was working to restore normal services. Mobile services of KDDI Corp. and SoftBank Corp. were also having problems, the Ministry of Internal Affairs and Communications said in a statement on Sunday.Tokyo Disneyland is operating as usual on Monday, a public holiday in Japan, after closing on Saturday.Rugby World Cup organizers decided to go ahead with three out of four games scheduled for Sunday, including a closely watched contest between Japan and Scotland.The match between Canada and Namibia was called off amid safety concerns following torrential rains that caused flooding and landslides around the venue in northern Japan. In addition to the Japan-Scotland game, matches pitting the U.S. against Tonga and Wales versus Uruguay went ahead, organizers said.(Updates with analyst estimate of insurance claims in 9th paragraph.)\--With assistance from Hiroyuki Sekine.To contact the reporters on this story: Chikafumi Hodo in Tokyo at chodo@bloomberg.net;Shiho Takezawa in Tokyo at stakezawa2@bloomberg.netTo contact the editors responsible for this story: Shamim Adam at sadam2@bloomberg.net, Ken McCallum, Young-Sam ChoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Toyota unveils revamped hydrogen sedan to take on Tesla
    Reuters

    Toyota unveils revamped hydrogen sedan to take on Tesla

    Toyota Motor Corp unveiled a completely redesigned hydrogen-powered fuel cell sedan on Friday in its latest attempt to revive demand for the niche technology that it hopes will become mainstream. Japan's biggest automaker has been developing fuel-cell vehicles for more than two decades, but the technology has been eclipsed by the rapid rise of rival battery-powered electric vehicles promoted by the likes of Tesla Inc . Ahead of the Tokyo Motor Show starting on Oct. 24, Toyota unveiled a prototype of the new hydrogen sedan built on the same platform as its luxury Lexus brand's LS coupe.

  • Toyota Plans 10-Fold Boost to Hydrogen Bet With Restyled Sedan
    Bloomberg

    Toyota Plans 10-Fold Boost to Hydrogen Bet With Restyled Sedan

    (Bloomberg) -- As others automakers plan battery-powered SUVs and trucks, Toyota Motor Corp.’s vision for the future of driving remains a hydrogen-sipping sedan.The Japanese behemoth will begin sales late next year of the second-generation Mirai, its fuel cell-powered four-door, and ramp up annual production by 10-fold from the current model. Toyota’s bet that it can position a hydrogen sedan for more of a mass market flies in the face of rivals wagering on putting batteries into the bigger-bodied vehicles consumers are buying.Toyota has been slower than peers to embrace EVs, citing uncertain demand in key markets including the U.S. and technical hurdles that limit battery range and recharging times. While the company has pledged to offer an electrified version of every model in the next five years, and 10 fully electric vehicles by early the next decade, it’s also going to keep coaxing consumers to give hydrogen a try.“Toyota won’t be putting all our eggs in one technology basket,” Doug Murtha, Toyota’s U.S. group vice president for corporate strategy and planning, said at a briefing in Greensboro, North Carolina.Toyota’s near-term electrification goals in the U.S. center on its gas-electric hybrid powertrains. It currently sells six hybrid vehicles and said Thursday it will add a plug-in hybrid version of its RAV4 crossover next year.The company plans to increase sales of hybrid cars and SUVs in the U.S. to 25% of deliveries by 2025, up from about 9% today.Slow DevelopmentToyota began developing hydrogen-powered cars more than 20 years ago, but progress has been slow due to high material costs and steep hurdles to setting up refueling infrastructure. Recent technological advances halved the cost of fuel cell stacks that mix hydrogen and oxygen to produce electricity, allowing the carmaker to boost global output from 3,000 a year in 2018 to 30,000 next year and 200,000 by 2025, Taiyo Kawai, general manager of the company’s hydrogen efforts, told reporters during a briefing in London.Rival automakers such as General Motors Co. in the U.S. and BMW AG in Europe have invested in fuel cell technology but are prioritizing EVs in their current and future zero-emission products. In the U.S., only Toyota, Honda Motor Co. and Hyundai Motor Co. sell fuel cell-powered passenger cars -- and only at a handful of dealers due to the scarcity of hydrogen stations.Fuel cell vehicles offer several advantages over battery-powered cars, including quicker refueling times and longer driving ranges. But they remain a novelty, accounting for less than 0.1% of the nearly 100 million vehicles produced each year, according to research by the National Academy of Sciences.“Unfortunately, despite years of education efforts, hydrogen cars are still a mystery to most people,” said Jackie Birdsall, a senior engineer at Toyota’s R&D center in Gardena, California. “The good news is that fuel cell technology is gaining momentum around the world,” she said.‘Such a Hassle’Improvements have been made to shrink the size of hydrogen fuel tanks and reduce the amount of costly platinum needed for fuel cell stacks. But there’s still more to do, including replacing platinum with cheaper synthetic materials, said Shawn Litster, a mechanical engineering professor at Carnegie Mellon University.Toyota, which loses money on the current Mirai, hasn’t said when it plans to break even with a future version. The company showed a near production-ready model to reporters this week in Greensboro, but wouldn’t say when the car will make its official public debut.The first Mirai -- which means “future” in Japanese -- debuted in late 2014, but availability in the U.S. has been limited to California and Hawaii. California has spent about $100 million over the past several years to build out a network of hydrogen stations. The state currently lists just 38 retail locations that are operational; another 22 are in various stages of development.The first-generation car’s oddball looks, $58,500 sticker price and cramped interior made it a hard sell for dealers. Most U.S. drivers lease the Mirai, and experiences with the futuristic vehicle have been mixed.Lawrence Kopp, a 42-year-old San Diego area resident, traded his Mirai in for a gasoline-powered Ford SUV in August after two years of headaches. Too few hydrogen pumps and a lack of cabin space wasn’t a good fit for a father with young children. “It was such a hassle I was ready to go back to a gas vehicle,” the corporate real estate executive said.Going GlobalThe new version of the Mirai is sleeker and more coupe-like, with a lower, longer and wider stance. It has room inside for five passengers, one more than the current model, and sports racier 20-inch wheels.Toyota says the Mirai will make a 30% leap from the existing model’s 312-mile range. Pricing won’t be announced until later, but it will be sold as a premium vehicle under the Toyota brand. Sales may be expanded to some states in the Northeast and Northwest, pending their buildup of hydrogen station networks.Toyota’s U.S. executives said that while they may prefer to have an SUV to sell, the company has stuck with a sedan body style to compete with premium models where passenger cars are still popular. In addition to Japan, Europe and the U.S., the Mirai will be sold in China, Australia and parts of the Middle East.“If I were king, we might have gone for something larger,” Murphy said. “But this needed to be a vehicle for global markets, not just us here.\--With assistance from Siddharth Philip.To contact the reporter on this story: Chester Dawson in Southfield at cdawson54@bloomberg.netTo contact the editor responsible for this story: Craig Trudell at ctrudell1@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Ex-NBA player Jamal Mashburn to advise cannabis company Revolution Global
    Yahoo Finance

    Ex-NBA player Jamal Mashburn to advise cannabis company Revolution Global

    Retired NBA star Jamal Mashburn joined the board of cannabis health and wellness company Revolution Global as an advisor, the company announced on Thursday.

  • Did Hedge Funds Drop The Ball On Toyota Motor Corporation (TM)?
    Insider Monkey

    Did Hedge Funds Drop The Ball On Toyota Motor Corporation (TM)?

    As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the second quarter. We get to see hedge funds' thoughts towards the market and […]

  • Reuters

    Arm joins with GM, Toyota to find common ground on car chips

    Oct 8 (Reuters) - Arm Holdings, the British chip technology firm owned by Japan's Softbank Group Corp, is joining with automakers General Motors Co and Toyota Motor Corp to establish common computing systems for self-driving cars, an effort the companies hope will speed development of the technology. Arm supplies the underlying technology for the processors found in today's smart phones but does not make chips itself. Its ties to the automotive industry go back to the late 1990s, when automakers began to add computer chips to vehicles for functions like engine control and diagnostics.

  • How Ford Makes Money
    Investopedia

    How Ford Makes Money

    Ford is an icon of the American car industry. It makes money by selling cars and financial products that help dealerships and consumers buy and lease.

  • Reuters

    UPDATE 1-Russian 2019 car sales set for 2.2% fall - AEB

    Russia's sales of new cars in 2019 are expected to fall 2.2% from last year to 1.76 million units, the Association of European Businesses (AEB) lobby group said on Friday. The AEB had originally forecast sales to rise to 1.87 million this year from 1.8 million units in 2018, but said in July that "market growth in the full year of 2019 is not a realistic scenario anymore". Sales of new cars in Russia fell 0.2% year-on-year in September to 157,129 units, which is "not a bad result looking at the negative track record in recent months", the AEB said in a statement.

  • Reuters

    Russia's September car sales fall 0.2% y/y

    Sales of new cars in Russia fell 0.2% year-on-year in September to 157,129 units, after a 1.3% decline in the previous month, the Association of European Businesses (AEB) said on Friday. "With three months to go in the current year, the (AEB) expects a full-year sales result of 1.76 million units, reflecting the same slightly negative trend towards year end," Joerg Schreiber, chairman of the AEB Automobile Manufacturers Committee, was quoted as saying in a statement.

  • Here is Hedge Funds’ 18th Most Popular Stock Pick
    Insider Monkey

    Here is Hedge Funds’ 18th Most Popular Stock Pick

    Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You can find write-ups about an individual hedge fund's trades on numerous financial […]

  • Tesla Breaks Down From Key Support After Deliveries Miss
    Investopedia

    Tesla Breaks Down From Key Support After Deliveries Miss

    Shares declined after third quarter deliveries missed expectations, but Model 3 sales remained strong and the cash position has improved.

  • U.S. Auto Sales: GM Misses Q3 Views; Ford, Fiat Chrysler Beat
    Investor's Business Daily

    U.S. Auto Sales: GM Misses Q3 Views; Ford, Fiat Chrysler Beat

    Ford and Fiat Chrysler topped Q3 U.S. auto sales views, but GM missed. Ford, GM and other auto stocks retreated Wednesday.

  • New Braunfels eyes expanding auto sector as economic driver
    American City Business Journals

    New Braunfels eyes expanding auto sector as economic driver

    New Braunfels officials, keenly aware of San Antonio economic development leaders’ heightened efforts to position the city as an emerging auto industry hub ripe for more investment, are seeking a bigger piece of the action. “A couple of years ago was really our first entry into this with Canadian General Tower, a tier I supplier,” said Michael Meek, president of the Greater New Braunfels Chamber of Commerce and executive director of the Greater New Braunfels Economic Development Foundation.

  • American City Business Journals

    Automotive Minute: Toyota Launches 2020 4Runner Venture Edition (Photos)

    Nothing says adventure like a family piled into an off-road capable body-on-frame SUV ready to take on the American countryside. The new 2020 Toyota 4Runner Venture Edition is made for just that, writes Eileen Falkenberg-Hull.

  • Barrons.com

    Here’s Where You Can Buy a Home for $100,000 with Monthly Payments of $400

    Well, you could lease a 2019 Dodge Journey SUV (FCA) or an Acura TLX (7267) or a Toyota 4Runner (7203) according to carsdirect.com. Realtor.com, which like MarketWatch is operated by (NWSA) (NWSA), released a study this week of all the places where you can buy a home for less than $100,000. Combine that with today’s mortgage rates, near historic lows, and $400 doesn’t seem like a pipe dream.

  • U.S. September auto sales fall as shift in Labor Day holiday hurts
    Reuters

    U.S. September auto sales fall as shift in Labor Day holiday hurts

    The Labor Day weekend is one of the busiest car-buying periods in the United States that has automakers and dealers roll out promotions days in advance to boost sales. Toyota Motor Corp said it U.S. sales fell 16.5% to 169,656 vehicles in September, hurt by lower sales of its Highlander and Tacoma sport utility vehicles, as well as declining demand for sedans such as Camry and Prius. Hyundai Motor's U.S. sales tumbled 9% to 51,951 automobiles last month, due to lower volumes of its Elantra and Sonata sedans, while Nissan's U.S. sales plunged 17.6% to 101,244 vehicles on lower sales of its Sentra sedan and Rogue SUV.

  • Gloomier Japanese Manufacturers Unlikely to Move Needle at BOJ
    Bloomberg

    Gloomier Japanese Manufacturers Unlikely to Move Needle at BOJ

    (Bloomberg) -- Go inside the global economy with Stephanie Flanders in her podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.Fears over the global economy and the impact of a sales tax have made Japanese manufacturers gloomier about business conditions, but not likely by enough to push the Bank of Japan closer to extra stimulus later this month.Confidence among the country’s biggest product makers, which include household names such as Toyota, Sony and Canon, fell to 5 from 7, according to the BOJ’s quarterly Tankan survey released Tuesday. While that was the worst reading in more than six years, sentiment showed far more resilience than expected by economists who had estimated the index would slide to 1.The positive number means optimists among manufacturers still outnumber pessimists despite nine straight months of falling exports and trade tensions between the U.S. and China that cloud the outlook for global growth.The Tankan release followed figures showing continued strength in the labor market, with unemployment holding steady at the lowest level since October 1992. Neither result painted a picture of an economy in need of urgent central bank support.The BOJ meets on Oct. 30-31 amid heightened expectations it might take additional action to support growth and inflation. After its meeting last month, BOJ Governor Haruhiko Kuroda said he had grown more inclined to add stimulus. The central bank also called for a review of whether overseas developments risked killing off Japanese inflation.Key InsightsThe results come with Japan’s economy at a vulnerable moment with a sales-tax hike implemented Tuesday expected to sap domestic spending. Economists expect a 2.7% GDP contraction in the fourth quarter as consumers pull back.Capital spending was among the weaker results in the Tankan, with investment plans for the year ending next March rising 6.6%, less than in the previous survey. The BOJ is paying particular attention to how sagging sentiment is affecting business investment, a key prop for the economy given weakness in export demand.Big companies outside the manufacturing sector, which have supported growth given the weakness among manufacturers, continued to show greater optimism, though sentiment fell to 21 from 23 three months ago.“You can’t say that this Tankan shows weakness among manufacturers is starting to affect domestic demand,“ said Hideo Kumano, economist at Dai-Ichi Life Research Institute. “This is a good outcome for the BOJ that doesn’t ramp up pressure on them to act.”Delving into the figures, economists noted improved sentiment among electrical equipment makers, a potential early sign that they see the worst of the global tech slump as over.A sharp deterioration in the mood of firms in the accommodation and restaurant sector may point to expected drops in inbound tourism as a spat between Tokyo and Seoul deters Korean travelers visiting Japan, some economists said.What Bloomberg’s Economist Says“The deterioration in confidence of big manufacturers in the Bank of Japan’s Tankan survey wasn’t as sharp as we had expected. The grim view on the outlook, though, shows weakening external demand is starting to hurt. Scaled-backed investment plans indicate that a third straight quarter of souring sentiment is impacting spending decisions.”\--Yuki Masujima, economistClick here to read more.Get moreAn index that measures large manufacturers’ view of the outlook looking three months ahead registered 2, better than analysts’ forecast of 0.Large manufacturers expect the yen to be 108.68 per dollar this fiscal year. The currency was trading at 108.20 as of 11:50 a.m. in Tokyo.The jobs-to-applicants ratio also stayed at 1.59 in August, meaning there were 159 jobs available for every 100 applicants.\--With assistance from Tomoko Sato, Yoshiaki Nohara and Emi Urabe.To contact the reporter on this story: Toru Fujioka in Tokyo at tfujioka1@bloomberg.netTo contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Jason Clenfield, Paul JacksonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 1-U.S. environmental groups sue over Trump auto emissions move

    Nine U.S. environmental groups sued the U.S. Transportation Department on Friday over its effort to bar California from setting tailpipe emissions and electric vehicle requirements. The groups include Environment America, Public Citizen, Sierra Club, the Union of Concerned Scientists, Center for Biological Diversity and the Natural Resources Defense Council. The Transportation Department declined to comment.

  • Toyota, Subaru Join Forces for Advanced Vehicles
    Market Realist

    Toyota, Subaru Join Forces for Advanced Vehicles

    Toyota announced that it plans to raise its stake in Subaru Corporation from 17% to 20%. Toyota and Subaru would jointly produce all-wheel-drive vehicles.

  • Bloomberg

    Toyota Raising Stake in Subaru to at Least 20%, Report Says

    (Bloomberg) -- Toyota Motor Corp. is boosting its stake in Subaru Corp. to about a fifth of the smaller automaker, as Japan’s biggest car company arms itself for a future of self-driving vehicles, electric cars and evolving transport services.Subaru, the maker of Forester and Outback wagons, will also take a stake in Toyota, strengthening their capital ties and collaboration, according to a statement from the companies. Toyota, which is increasing its holding to about 20% from 17% at a cost of about 75 billion yen ($700 million) at Friday’s closing price, plans to make Subaru an equity affiliate, bringing sales and profit from the automaker onto its income statements.Toyota first took a stake in Subaru in 2005 and the move is part of a plan of spreading its bets. The Japanese carmaker, Volkswagen AG and other auto companies have been forging partnerships as they face an uncertain future, with new technologies and business models disrupting the $2.23 trillion global auto industry. Toyota is investing in electric and autonomous vehicles, fuel-cell and hybrid cars, as data-intensive connected cars.“This is part of Toyota’s recent efforts to find allies,” said Tatsuo Yoshida, an auto analyst at Bloomberg Intelligence in Tokyo. “They’re getting ready for the next era that includes self-driving technology. Toyota is taking a 360-degree view.”Shares of Subaru fell 0.7% in Tokyo on Friday. The stock is up about 32% this year. Toyota declined 0.8%.The two companies have jointly developed automobiles since striking up their partnership. Toyota is by far the larger manufacturer, with 10.6 million cars and trucks produced in 2018. Subaru made about 1 million vehicles last year, down 5% and the first drop in seven years.Toyota also owns stakes of less than 10% in both Suzuki Motor Corp. and Mazda Motor Corp.As part of their pact, Toyota and Subaru will jointly develop all-wheel drive vehicles -- a traditional Subaru strength. The companies will also together work on the new Toyota 86 and Subaru BRZ sports cars.“For Toyota, this alliance brings not just technologies such as Subaru’s i-Sight, all-wheel-drive and flat engines, but also safety and security know-how,” Yoshida said. “It brings in elements that Toyota doesn’t have.”By consolidating Subaru to its accounts, Toyota will add about 50 billion yen to annual profit, said Janet Lewis, an analyst at Macquarie Capital. The deal benefits both companies, as Subaru also gets access to technology it wouldn’t be able to develop itself, she said in a note.(Updates with cars to be jointly developed in eighth paragraph, comment from analyst in 10th.)\--With assistance from Kae Inoue.To contact the reporter on this story: Tsuyoshi Inajima in Tokyo at tinajima@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Reed Stevenson, Ville HeiskanenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Toyota strengthens Japan partnerships with bigger Subaru stake
    Reuters

    Toyota strengthens Japan partnerships with bigger Subaru stake

    Toyota Motor Corp will raise its stake in Subaru Corp to 20% from around 17%, the two Japanese automakers said on Friday, as they leverage their scale to better compete in developing new vehicle technologies. The investment comes a month after Toyota and another smaller Japanese automaker, Suzuki Motor Corp, said they would take small equity stakes in each other. Such tie-ups highlight how automakers are scrambling to chase scale, manage costs and boost development required to develop self-driving cars, electric vehicles and new mobility services which are upending the global auto industry.

  • Future cars: Toyota doubles down, Dyson gives up
    Reuters Videos

    Future cars: Toyota doubles down, Dyson gives up

    Two very different verdicts Friday on the future of mobility. In Japan, Toyota is doubling down on vehicles powered by hydrogen fuel cells. It unveiled a new version of its Mirai car on Friday. The automaker has been working on fuel cells for two decades. Such cars emit nothing more than water vapour. And Toyota says they beat electric vehicles on range. The new Mirai can drive about 560 miles on a full tank. But the cars are costly to make and buy - over 46,000 dollars in Japan, after subsidies. And hydrogen filling stations are few and far between. As a result, Toyota has sold fewer than 10,000 Mirais over five years. By contrast, Tesla aims to deliver up to 400,000 electric vehicles this year alone. Meanwhile, James Dyson is calling it quits. The British entrepreneur is scrapping plans to develop an electric car. Dyson says he has a great design, but can't see a way to make it commercially viable. Attempts to find a buyer for the project have been abandoned. As Tesla's persistent losses demonstrate, building a profitable car company from scratch is no easy task.

  • AutoComplete: BMW recalls Toyota's Supra and more
    CNET

    AutoComplete: BMW recalls Toyota's Supra and more

    Today on AutoComplete, Chevy debuts its C8 Corvette convertible and C8.R race car, Hyundai and Kia sue the railroads, and GM is still fighting the UAW.