Toyota’s future plans in the US
Automotive market numbers are showing a slow recovery being underway overall from the massive recession that started back in 2008 – at least in the US. Automakers there have reported sales of about 14.5 million vehicles, which means a 13 percent increase from 2011 and the highest annual total since 2007.
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New car sales in Europe reaching 20-year low
According to the latest numbers it is quite clear that new car sales in Europe have slumped almost 10 percent during the first quarter of 2013, which means that the market is spiraling down towards a 20-year low.
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BMW and Toyota to deepen their collaboration
Following the Memorandum of Understanding last June, the Toyota Motor Corporation and the BMW Group have announced the signing of a binding agreement that refers to the joint development of both new technologies as well as a new sports car.
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A123 Systems has filled for Chapter 11 bankruptcy
A123 Systems, the Detroit-based battery developer and manufacturer has filled Chapter 11 bankruptcy,
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