60 Seconds: Toyoda, Drones, and Big Trucks
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Oof.
When the company named after your granddad is thinking of firing you as boss, things are pretty crazy.
Toyota: Toyoda Vs. Shareholders? Toyota's Chairman Akio Toyoda faces pressure as shareholders, backed by ISS and Glass Lewis, demand his removal over a vehicle certification scandal. Despite doubled profits and strong sales, Toyoda is criticized for not reshuffling the board and weak internal controls.
Stellantis Plant in Poland Takes a "Leap" Leapmotor and Stellantis began producing Leapmotor's T03 small EV at Stellantis' Tychy plant. The joint venture, with Stellantis holding a 51% stake, plans mass production in September and a new model in 2025. This marks the first time a Western automaker has exclusive rights to build and sell Chinese EVs abroad.
Rivian Takes to the Sky Rivian is developing a drone to replace human spotters for off-roading. Using radar, lidar, and sonar, the drone will guide drivers over obstacles, enhancing off-road safety and efficiency.
Volvo's Truck Wins Volvo’s electric Class 8 truck, the FM Electric, drove 800 miles from Denmark to France for the 24 Hours of Le Mans. Demonstrating the truck's range and efficiency, the journey dispelled myths about long-distance electric trucking.
The real question is: Can that drone skip the coffee line and grab my drink? I’m tired of being behind all these bagel orders. Just put the good stuff in the cup, and let me leave!
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