Toyota Stock Experiences Its Most Successful Week Since 2009 Following Annual Meeting and Introduction of New Electric Vehicles

Toyota Motor stock is experiencing its most successful week since 2009, driven by the company’s plans for next-generation electric vehicles and the approval of its new leadership, including former CEO Akio Toyoda as chairman. Toyota’s stock reached a new 52-week high on the New York Stock Exchange, closing at $168.18 per share, an increase of …

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ChatGPT to be tested in Mercedes-Benz vehicles with support from Microsoft

Mercedes-Benz has joined forces with Microsoft to conduct a trial of in-car artificial intelligence called ChatGPT. This advanced technology will be available in over 900,000 vehicles in the United States. Mercedes aims to enhance its Hey Mercedes voice assistant by incorporating the emerging ChatGPT, which is expected to significantly expand the capabilities of the system. …

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Elon Musk Holds Meeting with Italy’s Prime Minister Giorgia Meloni to Discuss AI and Birth Rates

Tesla CEO Elon Musk had a meeting with Italy’s Prime Minister Giorgia Meloni on Thursday to discuss various topics, including the risks associated with artificial intelligence and declining birth rates. Musk arrived in Rome from Austin, Texas, according to an Instagram account that tracks his private jet. This visit marks the beginning of a short …

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Save this summer by taking advantage of lower gas prices for travelers

swissmediavision | E+ | Getty Images For those embarking on summer travels, there is promising news: Gas prices have significantly dropped compared to last year. “What a difference a year makes,” expressed Andrew Gross, a representative for AAA, the renowned motoring and leisure travel membership organization. As of Friday, the national average for a gallon …

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Autonomous Driving Solutions Key to Tesla’s Market Cap Growth

Elon Musk, the renowned CEO of SpaceX and Tesla, made an appearance at the Viva Technology conference in Paris on June 16, 2023. The conference was dedicated to innovation and startups, held at the Porte de Versailles exhibition centre. Musk’s presence drew attention from the audience and media, highlighting his influential role in the tech …

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The growing market of transforming gas-powered vehicles into EVs

Interest in electric vehicles is skyrocketing, with a 55% increase in sales of new EVs in 2022 compared to the previous year. However, gas-powered cars still dominate the roads and will likely continue to do so for the foreseeable future. But there’s a new trend emerging in the automotive industry that’s giving a new lease …

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Toyota Surpasses Skepticism, Achieving Best Stock Performance Since 2009

Akio Toyoda, president and CEO of Toyota Motor Corp. Kiyoshi Ota | Bloomberg | Getty Images DETROIT – Toyota Motor stock sealed its best week since 2009 on Friday, as the automaker laid out a robust plan for future all-electric vehicles and company scion Akio Toyoda became leader of the Japanese company’s board. Shares of …

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Nio Reduces Car Prices and Postpones Business Expansion Agenda

Chinese electric car manufacturer, Nio, announced on Monday that it will be reducing the prices of its vehicles by $4,200 and will no longer offer free battery swaps for new buyers. This decision contradicts CEO William Li’s previous statement in April, where he claimed that the company would not engage in a “price war.” The …

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