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Toyota lowers 2022 U.S. industry sales estimate to 15.5M as supply chain woes persist

Toyota Motor Corp. revised its annual sales forecast for the industry downward by about 6 percent as supply constraints are expected to limit the industry’s ability to meet high consumer demand. Bob Carter, head of sales for Toyota Motor North America, said the automaker anticipates 15.5 million light-vehicle sales in the U.S. this year, down

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Rivian Q1 production hits 2,553 vehicles amid supply struggles

California EV startup Rivian Automotive reported first-quarter production of 2,553 vehicles from its Normal, Ill., manufacturing plant and 1,227 deliveries during the same period as it continues to struggle with supply-chain issues felt throughout the global auto industry. “These figures are in line with the company’s expectations, and it believes it is well positioned to

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NHTSA wants to ensure automakers recalled all defective LG batteries

WASHINGTON/SEOUL — The U.S. National Highway Traffic Safety Administration on Tuesday said it is opening a review to ensure all defective batteries produced by LG Energy Solution have been recalled by automakers. The auto safety agency noted Mercedes-Benz, Chrysler-parent Stellantis, General Motors and Hyundai Motor Co. have issued recalls since 2020 due to internal failures

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Group 1 Automotive buys Toyota dealership from Asbury Automotive Group

Group 1 Automotive Inc. has purchased a Toyota dealership in New Mexico from Asbury Automotive Group Inc. — a store Asbury had owned for just a few months. Group 1 said Monday that it bought Larry H. Miller Toyota Albuquerque on Friday, marking the public auto retailer’s 17th Toyota dealership in the U.S. It renamed

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GM says light-duty Silverado will be added to new 3rd shift in Oshawa; more R&D slated for Canada

General Motors Canada said it will add a third shift and begin building the light-duty Chevrolet Silverado at its Oshawa Assembly Plant as it firms up more than $1.6 billion (USD) in spending across its Ontario operations. Top company and government officials announced the mix of fresh and long-planned investments in Oshawa April 4, with

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House Democrat introduces bipartisan bill to provide LIFO tax relief to car dealerships

WASHINGTON — U.S. Rep. Dan Kildee on Monday plans to introduce legislation that would provide tax relief to dealerships that use the “last in, first out” inventory accounting method and have struggled to maintain inventory levels because of the global semiconductor chip shortage. The bill would allow dealerships to wait until as late as 2025

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How Toyota is managing an unprecedented global supply chain crises

There’s a giant whiteboard on the wall in a Michigan office building where the problems of the world are listed and tracked in minute detail. The colorful papers hanging there — tracking earthquakes and tsunamis, fires and floods, coronavirus hot spots and even wars — aren’t just the world’s problems, though. They’re Bob Young’s problems,

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Ex-Nissan exec Greg Kelly’s trial may be over, but the legal cases live on

TOKYO — After running the gauntlet through Japan’s justice system for the past three years, former Nissan director Greg Kelly was triumphantly escorted to the Tokyo airport last month by the U.S. ambassador to fly home to Tennessee. Kelly may now be back home, but he is hardly home free. The former human resources executive’s

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