Asteroid containing large diamonds came from lost planet in our solar system
Konami Just Announced 'Castlevania: Grimoire of Souls' for iOS Devices in Japan
Live Stream Launch of NASA' TESS Planet Hunter Today
Shenmue 1 and 2 Announced for PS4, Xbox One, and PC
Boys soccer: GHV back for more after first state trip last season
Toyota and Mazda Team for $1.6 Billion Electric Vehicle Plant
06 August 2017, 01:38 | Hattie Nash
Two large rival car giants are reportedly joining forces for a new venture
The alliance is also an attempt to catch up with rivals in the race for electric auto technology, as tighter global emissions rules loom, along with the entry of new players into the market. The companies gave no further details on the proposal.
The next question is how Toyota and Mazda will leverage this alliance for sports auto production.
Mazda president and CEO Masamichi Kogai said: "Nothing would please me more than if, through this alliance, we can help to energize the auto industry and create more vehicle fans by bringing together two competitive spirits to spur each other on, leading to innovations and fostering talent and leaders".
USA auto sales have weakened so far this year, and already two US factories operated by General Motors Co have indefinitely laid off work shifts, while others have scaled back production. Automakers can't create that future on their own and it's becoming increasingly important for carmakers to seek partners without viewing it from a confrontational perspective, he said. "We will study the possibility of expanding the capital alliance, but the basic premise is that autonomy is assured", said Mazda Executive Vice President Akira Marumoto. "There are no nautical charts for us to follow".
President Donald Trump threatened to tax auto imports early in his presidency and specifically attacked Toyota's plan to open a Corolla plant in Mexico. He called it "a great investment in American manufacturing" in a Friday morning tweet.
Toyota initially had been planning to produce Corollas at its new $1 billion plant being built in Mexico, prompting Trump to threaten punitive tariffs.
Sales of small cars have slumped in the US amid steadily low gas prices.
Mazda, whose annual global vehicle sales are one-eighth that of Toyota, caters to a specific audience largely in North America with its design-conscious sedans and SUVs, and has been focusing on developing more fuel-efficient gasoline engines.
Sentenced to 5 Years Probation
Danielle has been ordered to complete her probation in California, where's she's now living with her mum. 'She posts 24-7. Bregoli was sentenced to 5 years probation on Tuesday (Aug. 1) while appearing in a courtroom in Delray Beach, FL.
"We have a lot of confidence in the USA economy", Lentz said.
"We're in the process of preparing for our current volumes to be projected, and at this moment, we don't see any big change for us".
Purchasing stakes in other companies is not an every day phenomenon at Toyota, which in recent years acquired a minority equity stake in Isuzu Motors Ltd.
The Toyota-Mazda capital tie-up is expected to push forward further the consolidation of automakers into four major groups: Toyota, Germany's Volkswagen, General Motors Co. of the United States, and the alliance of France's Renault SA and Nissan Motor Co.
Toyota plans to acquire 31,928,500 shares of common stock newly issued by Mazda through a third-party allotment, which will amount to a 5.05 percent stake in Mazda, valued at 50 billion yen ($455 million). And they will build a $1.6 billion plant that will employ 4,000 people to produce 300,000 vehicles a year.
Also Friday, Toyota reported its April-June profit was 613.0 billion yen ($5.6 billion), up 11 percent from 552.4 billion yen a year earlier.
The sheer cost of the plant also makes a partnership logical, as it boosts cost-efficiency and economies of scale. It will start operating in 2021.The electric vehicles cooperation, meanwhile, comes as the tightening of global emissions regulations prompts more automakers to develop battery powered cars, as the industry struggles with hefty research costs and intense competition from technology companies over technology like self-driving cars.
Teen jumps out of plane onto tarmac at SFO
Officials say the teen was not injured but was transported to a local hospital for psychiatric evaluation. "The door's open. San Francisco Airport spokesman Doug Yakel said no other flights or runways were affected by the incident .
Another voice: Drop the bluster on North Korea
If Trump doesn't act, it will be another sign to the North Koreans that they can do as they please with no consequences. China is North Korea's closest ally, but Beijing is angry with its continued nuclear and missile tests.
Pound falls as Bank holds rates and cuts forecasts
The Bank slashed its economic growth forecasts for 2017 to 1.7% from 1.9% and lowered next year's estimate to 1.6% from 1.7%. But a raft of weaker data - as well as deep uncertainty about the impact of Brexit - called that view into question.
Sexual transmission of Zika virus reported in Florida
Rick Scotts direction, all county health departments offer free Zika risk assessment and testing to pregnant women. The only confirmed local cases all were associated with exposure to Zika previous year , CBS/AP reported.
Matic is a genius, says Mourinho
On Wednesday night, in measured fashion, he outlined what we might expect with his team-sheets in the coming season. Mourinho has suggested in the past few weeks that he wants a player who operates in a similar position to Perisic.
Families with children becoming less common in BC
More young adults are also living alone or with roommates, and fewer have started their own families than in the past. The percentages were still higher in Sweden (36.2% in 2011), Norway (40.0% in 2012) and Germany (41.4% in 2015).