Toyota, Tata Motors positioned to benefit from hybrid auto boom

Toyota, Tata Motors positioned to benefit from hybrid auto boom
(Image: Bloomberg)
Bloomberg
By Harshita Swaminathan, Reina Sasaki, Justina T. Lee and Rachel Yeo  (Bloomberg) -- A rapidly growing global market for hybrid electric vehicles should power earnings at major Asian automakers, including Japan’s Toyota Motor Corp and India’s Tata Motors Ltd. Toyota’s annual operating profit growth was probably the fastest since at least 2013, led by a recovery in North America and Europe. Japanese carmakers saw higher North American sales, which could continue in 2024 as US consumers opt for budget-friendly options....

More Markets

NZ stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Jamie Gray 12 Sep 2025
Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Staff reporters 12 Sep 2025
Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Gregor Thompson 12 Sep 2025
Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

Staff reporters 12 Sep 2025