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Toyota has slashed its EV sales forecst. Toyota reported its earnings for the latest quarter and the numbers are rock solid. The company sold 2.4 million vehicles globally, up 13% from a year ago and that includes its Daihatsu and Hino subsidiaries. That helped its revenue grow 24% to $76 billion. It’s net income nearly tripled to $8.6 billion and its operating profit hit $9.6 billion, more than double what it was a year ago. And while its sales are going strong, the company is walking back its BEV forecast for the year.

Toyota originally estimated it would sell 202,000 BEVs but now it only expects to sell 123,000 in the current fiscal year, which is a pretty shocking drop. But if you include all of its electrified vehicles, it expects to sell 3.9 million this year, a 42% gain. Hybrids account for the overwhelming majority of that figure. The company says electrified vehicles will account for 37% of its total sales, up from 30% last year.

The chairman of Toyota said that falling demand for electric vehicles is a sign people are waking up to the reality that EVs are overhyped and have drawbacks.

* In the US Toyota claims 31.5% of its vehicle sales are “electrified” cars (with an ICE), when its BEV sales are just 1% of the US BEV market.
* The UAW has impacted all manufacturers with increased wages, this hurts the bottom line. Non-union Toyota boosts hourly wages 9.2%, cuts progression time.
* Toyota Motor North America told its nonunion production workers it was boosting hourly wages in its plants, distribution and logistics centers to $34.80.
* A focus on hydrogen fuel cell vehicles, or its latest adventure with a hydrogen combustion engine.
* Riding an upswing in all-time-high quarterly earnings, Toyota downgraded its outlook for EV sales but lifted its forecast for record earnings in the full fiscal year, expanding on an earlier outlook that already called for record-level profits.

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00:00 #toyota Changes Course on Electric #cars
01:18 car sales impacts
02:10 Hybrids and electric car forecasts
04:17 Impact of #uaw strike
05:30 consumer demand
06:26 Toyota solid state battery
07:55 Japanese Yen

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Courtesy CNBC International

 @toyotausa  #tesla #toyota #solidstatebattery  @WorldCarTV  #japaneseyen  @northamericancarutilitytru8205  #globalnews #news

Your Car Data Grabs Information Including Your Sex Life to Politics - Privacy Issue! How is this possible? The Mozilla Foundation studied 25 car brands and found some collecting data on sexual activity and political opinions. How can this happen?

Drivers have been warned that cars present a “privacy nightmare” with vehicle manufacturers collecting extensive personal data on drivers, even including their sexual activities.

A study of 25 car brands found they all failed consumer privacy tests carried out by internet-focused non-profit Mozilla Foundation. Its research found that 84% of car companies review, share, or sell data collected from car owners.

Mozilla found that all the car brands it reviewed collected more personal data than necessary and personal information collected was used for reasons unrelated to the operation of a vehicle and a car brand’s relationship with its drivers.

The Mozilla research suggests that six car companies can collect intimate information, including a driver’s medical information and genetic information. How fast a person drives, where they drive to and the songs they listen to in their car were also included.

#nissan includes “sexual activity,” in the data it collects and #Kia notes that it can collect information about your “sex life” in their privacy policy, Mozilla said.

Kia’s privacy policy states it may process “special categories” of data, including “information about your race or ethnicity, religious or philosophical beliefs, sexual orientation, sex life and political opinions” and “trade union membership”.

Cars can collect personal information from drivers in huge quantities, from the connected services that can be used in the car, to third-party sources such as online radio service Sirius XM or #google Maps. That data can then be used to “invent more data about you through inferences about things like your intelligence, abilities and interests”, Mozilla said.

While the car industry has been focused on the shift from petrol and diesel engines to battery electric propulsion in recent years, some analysts argue that greater disruption is ahead as vehicles become increasingly connected to the internet, and capable of autonomous driving.

That has led to predictions of a massive rise in the sales of services such as music and video streaming as well as driver assistance and self-driving subscriptions. Consultancy McKinsey has forecast that carmakers could make as much as $1.5T in extra revenues by embracing new services ranging from ride hailing, to in-car apps, and wireless software upgrades.

However, many services could be much more lucrative for carmakers if they collect more data on customers.

Under Mozilla’s criteria, #tesla failed all of the reviews that looked at security, data control and AI. The US electric car company has already faced criticism over its privacy practices. It emerged earlier this year that employees had shared videos and images recorded by the cameras in customers’ cars. Tesla did not respond to Reuters’ requests for comment at the time.

In 2021, Tesla said cameras were disabled in #china after the vehicles were banned from Chinese military facilities because of supposed security concerns.

From the car brands reviewed, 84% say they can share personal data with service providers or data brokers and 76% said they could sell on the data .

The Mozilla foundation said that it was unable to confirm whether any of the brands meet its minimum security standards, including whether companies encrypt the personal information of drivers.

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0:00 Car #data Grabs #information Including Your #sex Life to #politics Privacy
0:40 selling your data
2:59 Reselling your car data

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#cardata #cardatacollection #Mozilla #privacy

Spring is here! Get your car ready for #spring! Lauren Fix tell the Weather Channel viewers so simple things anyone can do to enjoy the warmer temperatures. You can do this all yourself!

Whats New:
* A comprehensive upgrade and a big step that affects nearly every area of the car – from styling through to performance, dynamics, comfort and technology
* Porsche Driver Experience: new control concept and digital cockpit
* New exterior design with extensive changes to almost every panel
* Optimized chassis with new two-valve suspension
* Slimmed-down lineup but with more standard equipment
* Retuned suspension for more precise handling and ride comfort
* More power for all engine variants and the return of the V8 to the Cayenne S
* 20 years of the Cayenne

Standard Porsche Cayenne engine is a 3L V6 turbo, it now generates 348 horsepower and 368 lb-ft of torque, up an extra 13 horsepower and 36 lb-ft of torque.

E- Hybrid = same V6 engine with a PHEV mates it with a new electric motor, total system output to 463 hp. The hybrid's battery pack has more capacity resulting with more electric-only driving range.
A new twin-turbo V8 - 468 horsepower and 442 lb-ft of torque 0 to 60 MPH in 4.4 seconds.
Cayenne Turbo GT also features that engine but its power is boosted to 650 horsepower. 0 to 60 MPH -3.1 seconds and has a top speed of 189 MPH.

The new technology is impressive:
* Updated interior design, including a new digital instrument panel
* new 12.6-inch digital gauge cluster - same one used in the all-electric Taycan
* Center screen - 12.3-inch center touchscreen
* new optional 10.9-inch touchscreen that's placed in front of the passenger
* redesigned center console with new climate controls
* relocated gear shifter
* wireless smartphone charger - vented

Porsche Buffalo - ask for Mo
716-633-4000 / porschebuffalo.com

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00:00 New 2024 Porsche Cayenne Review - New Engines, Technology and Design!
00:15 20 years of #cayenne
03:25 interior upgrades and details
04:28 new technology
07:35 new gauges
09:07 engine options
10:03 test drive
14:21 cargo space
14:58 price
16:24 competitors
17:01 Questions

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 @Porsche   @NorthtownPorscheWilliamsville  #porsche #porschecayenne #cayenne2024