investment - SUV VEHICLE

How Toyota’s Long-term Investment In Hybrids Is Reaping Rewards Now

2023 Toyota Corolla Hybrid Infrared side

Summary Hybrids are growing in popularity as they require no lifestyle changes and have impressive fuel economy benefits despite minimal cost differences. Toyota’s long-term commitment to hybrids has paid off, leading to a 74.1% sales increase in electrified vehicles in Q1 2024. Toyota dealers benefit from a sustainable business relationship with the brand, leading to … Read more

Bahraini investment fund takes control of McLaren

British sports-car company McLaren now has a new owner, thanks to increased investment from a Bahraini group. The state-owned company now has full ownership of McLaren, bringing financial stability to the troubled firm. View 2 images Sportscar company McLaren is now under the full control of a Bahraini state-owned investment fund. The deal, made between the … Read more

Polestar secures billion-dollar investment, but it may not be enough

The Chinese-owned Swedish electric car brand has been facing financial difficulties of late, and it’s not clear whether a billion dollars in funding is enough to keep it in the black. View 4 images Polestar has secured $US950 million ($AU1.46 billion) in external funding, as the electric car company begins to forge its own path – … Read more

Toyota Reaffirms Its EV Commitment With A $1.3 Billion Investment To Build EVs

Gray 2024 Toyota bZ4X parked

Toyota, the iconic automaker synonymous with reliability and fuel efficiency, has long danced around the all-electric revolution. While pioneering hybrid technology and remaining a global giant, it faced criticism for lagging behind in pure electric vehicles (EVs). However, a recent $1.3 billion investment in a Kentucky plant dedicated to producing an unnamed three-row electric SUV … Read more

Bahrain investment fund to gain control of McLaren – report

The state-owned Mumtalakat Holding Company is reportedly on the brink of acquiring the Surrey automaker.  View 4 images Bahrain’s state-owned investment fund Mumtalakat Holding Company is reportedly gaining full control of the McLaren Group. According to a report from Sky News, the sovereign wealth fund will become McLaren’s sole shareholder once the deal is announced.  A reported … Read more

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