Weekly Roundup: Automotive Industry News
This week, Toyota announced the spin-off of its Century model into a standalone ultra-luxury brand, positioned above Lexus. Additionally, Dream Motor Group acquired Toyota-Lexus of Montgomery, and subprime auto loan delinquencies reached a record high.
- Toyota spins off Century into a standalone ultra-luxury brand
- Dream Motor Group buys Toyota-Lexus of Montgomery
- Subprime auto loan delinquencies hit a record high
- Tesla Q3 revenue reaches $28.1B, but profit misses estimates
- Canada cuts Stellantis' tariff-free imports by half and GM's by nearly a quarter
Toyota redefines luxury with standalone Century brand debuting this October
Toyota's new ultra-luxury brand is set to debut at the 2025 Japan Mobility Show, previewing a new era in luxury vehicles.
Author's summary: Toyota launches ultra-luxury brand.
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