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

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
Forsyth Barr initiates full Turners coverage
Markets

Forsyth Barr initiates full Turners coverage

Forsyth Barr says a premium valuation is now warranted. 

Rebecca Howard 26 Jul 2024