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Lopez’s Toyota return at Le Mans “like I had never left”

Lopez’s Toyota return at Le Mans “like I had never left”

Toyota Gazoo Racing Europe technical boss David Floury revealed that the Argentinian was “up to speed immediately” on his return to the cockpit of the Le Mans Hypercar at last weekend’s Le Mans Test Day for the first time since…

  • Automotiwe
  • June 11, 2024
  • Toyota

Toyota Loses Over $15 Billion in Market Value After Investigation

Toyota Loses Over $15 Billion in Market Value After Investigation

Following bombshell allegations earlier this year, a new report by the Transportation Ministry of Japan found that Toyota falsified data to certify select vehicles. The news caused the carmaker’s stock valuation to plummet by $15 billion in one week. Toyota…

  • Automotiwe
  • June 11, 2024
  • Toyota

Tinubu’s Motorcade : What You Should Know About The Land Cruiser With Roof-mounted Antennas

Tinubu’s Motorcade : What You Should Know About The Land Cruiser With Roof-mounted Antennas

Tinubu’s motorcade : What you should know about the Toyota Land Cruiser SUV with its several roof-mounted antennas. The Electronic Countermeasures Toyota Land Cruiser normally drives in front of the Presidential Official State Car. It is designed to counter guided…

  • Automotiwe
  • June 11, 2024
  • Toyota

Toyota lost over $15 billion in market value last week after being caught falsifying tests

Toyota lost over $15 billion in market value last week after being caught falsifying tests

Toyota Motor Corporation Board Chairman Akio Toyoda bows during a press conference in Tokyo on June 3, 2024. Toyota said on June 3 it had suspended domestic shipments of three car models after falling foul of government certification rules along…

  • Automotiwe
  • June 10, 2024
  • Tesla

Apple’s WWDC, Elon Musk’s Tesla payday, and tech earnings: What to watch in the markets this week

Apple’s WWDC, Elon Musk’s Tesla payday, and tech earnings: What to watch in the markets this week

The stock market had a mixed performance last week, as the U.S. economy added more jobs than expected, but the unemployment rate rose to 4%, breaching that level for the first time since January 2022. Investors are doubtful about the…

  • Automotiwe
  • June 10, 2024
  • Tesla

Norwegian wealth fund to vote against Elon Musk’s Tesla pay package

Norwegian wealth fund to vote against Elon Musk’s Tesla pay package

Norway’s sovereign wealth fund operated by Norges Bank Investment Management said Saturday it will vote against Elon Musk’s hefty CEO compensation package during Tesla’s annual meeting on Thursday. It’s the latest pushback over the size of the pay package, which…

  • Automotiwe
  • June 9, 2024
  • Tesla

Former Tesla board member says he wouldn’t vote for Musk’s $56 billion pay package

Former Tesla board member says he wouldn’t vote for Musk’s $56 billion pay package

Tesla’s former audit committee chair and a prominent clean technology venture investor said he wouldn’t back Elon Musk’s $56 billion pay package and he understands why other investors will vote against the CEO’s pay proposal next week. “Look, Elon’s done…

  • Automotiwe
  • June 7, 2024
  • Toyota

Toyota Stops Supplying Three Vehicle Models In Japan Over Irregularities

Toyota Stops Supplying Three Vehicle Models In Japan Over Irregularities

Toyota temporarily stopped supplying three vehicle models in Japan. The car manufacturer came to this decision after failing to comply with Japanese laws and regulations regarding vehicle certification. In Japan, Toyota is temporarily suspending deliveries of the Corolla Fielder, Corolla Axio,…

  • Automotiwe
  • June 5, 2024
  • Tesla

Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI

Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI

Elon Musk claims he can grow Tesla into “a leader in AI & robotics,” an ambition that he’s said will require a lot of pricey processors from Nvidia to build up its infrastructure. On Tesla’s first-quarter earnings call in April, Musk said the electric vehicle company will…

  • Automotiwe
  • June 5, 2024
  • Toyota

Zenith Bank New CEO Assumes Office, Turns Up At HQ In Style In Toyota Land Cruiser 300

Zenith Bank New CEO Assumes Office, Turns Up At HQ In Style In Toyota Land Cruiser 300

Zenith Bank new CEO assumes office in style as she turns up at Lagos HQ in Toyota Land Cruiser 300 SUV. Umeoji officially took over from Dr. Ebenezer Onyeagwu on June 1st, whose time in office expired on May 31st…

  • Automotiwe
  • June 4, 2024
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