The automaker confirmed a non-cash writedown of nearly 2.2 billion euro ($2.29 billion) to reflect the potential costs of suspending operations in the country because of its invasion of Ukraine.
2021 dealership acquisitions reshaped the auto retail landscape
Automotive News tracked more than 380 dealership acquisitions in 2021, a year which was highlighted by a spree of megadeals and single-store transactions.
Toyota smashed earnings records across the board in the latest fiscal year, but now it’s tapping the brakes as market uncertainty and inflation cast new shadows.
ACT Expo: Shell-Penske truck EV charging deal, battery price surge cools ‘a little bit'
Shell is investing in its EV charging business, a venerable school bus maker will provide a new EV platform, a report details the rise of renewable diesel, and executives discuss why battery cell costs are so high.