Toyota Motor Corp boosted production of the Prius gasoline-electric car by a third in April, taking advantage of surging oil prices that boosted demand for fuel-efficient vehicles.
Production of the so-called hybrid cars was raised to 10,000 units a month from 7,500 in central Japan's Aichi Prefecture, spokesman Shigeru Hayakawa said in Tokyo.
The US$25,000 price tag on a Prius, more than 10 percent higher than a comparable car running on gasoline, is attracting more consumers after regular-grade gasoline prices rose 39 percent on average this year to US$2.051 a gallon.
The Prius can go as far as 89km on a gallon of gasoline while emitting 90 percent less tailpipe exhaust than the average new car of a same-size engine, according to the US Environmental Protection Agency.
Demand for hybrid-electric cars has risen 41 percent in the US to a record 22,919 units this year through April, led by a 78 percent increase for the Prius and a 10.9 percent gain for Honda's Civic Hybrid and Insight models.
Toyota's Lexus luxury unit will start selling a hybrid version of the RX 330 sport-utility vehicle late this year.
Ford Motor Co plans to produce gasoline-electric version of its Escape sport-utility vehicle next month in the US, while General Motors Corp plans to sell hybrid large pickup trucks later this year. Nissan plans to release a hybrid Altima sedan in the US in 2006.
BYPASSING CHINA TARIFFS: In the first five months of this year, Foxconn sent US$4.4bn of iPhones to the US from India, compared with US$3.7bn in the whole of last year Nearly all the iPhones exported by Foxconn Technology Group (富士康科技集團) from India went to the US between March and last month, customs data showed, far above last year’s average of 50 percent and a clear sign of Apple Inc’s efforts to bypass high US tariffs imposed on China. The numbers, being reported by Reuters for the first time, show that Apple has realigned its India exports to almost exclusively serve the US market, when previously the devices were more widely distributed to nations including the Netherlands and the Czech Republic. During March to last month, Foxconn, known as Hon Hai Precision Industry
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and the University of Tokyo (UTokyo) yesterday announced the launch of the TSMC-UTokyo Lab to promote advanced semiconductor research, education and talent development. The lab is TSMC’s first laboratory collaboration with a university outside Taiwan, the company said in a statement. The lab would leverage “the extensive knowledge, experience, and creativity” of both institutions, the company said. It is located in the Asano Section of UTokyo’s Hongo, Tokyo, campus and would be managed by UTokyo faculty, guided by directors from UTokyo and TSMC, the company said. TSMC began working with UTokyo in 2019, resulting in 21 research projects,
Taiwan’s property market is entering a freeze, with mortgage activity across the nation’s six largest cities plummeting in the first quarter, H&B Realty Co (住商不動產) said yesterday, citing mounting pressure on housing demand amid tighter lending rules and regulatory curbs. Mortgage applications in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung totaled 28,078 from January to March, a sharp 36.3 percent decline from 44,082 in the same period last year, the nation’s largest real-estate brokerage by franchise said, citing data from the Joint Credit Information Center (JCIC, 聯徵中心). “The simultaneous decline across all six cities reflects just how drastically the market
Ashton Hall’s morning routine involves dunking his head in iced Saratoga Spring Water. For the company that sells the bottled water — Hall’s brand of choice for drinking, brushing his teeth and submerging himself — that is fantastic news. “We’re so thankful to this incredible fitness influencer called Ashton Hall,” Saratoga owner Primo Brands Corp’s CEO Robbert Rietbroek said on an earnings call after Hall’s morning routine video went viral. “He really helped put our brand on the map.” Primo Brands, which was not affiliated with Hall when he made his video, is among the increasing number of companies benefiting from influencer