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Toyota to raise global hybrid car output by 30% in 2028 as EV demand slows
Kyodo News, Published on 05/02/2026
» KYODO — Toyota Motor Corp will increase its global hybrid vehicle production in 2028 by 30% from the level planned for this year, accounting for some 60% of its worldwide output, sources close to the matter said Thursday.
Billionaire clan said to weigh $2bn Thai Summit sale
Bloomberg, Published on 05/02/2026
» Thai Summit Group, the country’s largest auto-parts manufacturer, is weighing a sale of its business amid mounting pressure from the global shift to electric vehicles, political uncertainty and family succession gaps, according to people familiar with the matter.