Weekly Roundup: Automotive Industry News
This week, significant developments occurred in the automotive industry, including Toyota's decision to spin off its Century model into a standalone ultra-luxury brand.
- Toyota spins off Century into a standalone brand above Lexus.
- Dream Motor Group acquires Toyota-Lexus of Montgomery, its first Toyota and Lexus stores.
- Subprime auto loan delinquencies reach a record high.
- Tesla's Q3 revenue is $28.1B, but profit misses estimates.
- Canada reduces Stellantis' tariff-free imports by half and GM's by nearly a quarter.
Toyota is set to redefine luxury with the debut of its standalone Century brand in October, previewed ahead of its official launch at the 2025 Japan Mobility Show.
Toyota transforms its flagship Century model into a standalone ultra-luxury brand positioned above Lexus.
Author's summary: Toyota launches standalone Century brand.
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