Supply chain issues have hampered the industry since the beginning of the pandemic, but analysts following the industry say that automakers have offered mixed signals about the state of the market.
TOKYO (Reuters) -Toyota Motor Corp said it would restart production of its first electric vehicle, the bZ4X, on Thursday after fixing potential safety problems that had halted sales of the new battery-powered model for more than three months. Japan's largest automaker, a laggard in the EV market, recalled 2,700 bZ4Xs globally in June after discovering that there was a risk the car's wheels could come loose. Subaru Corp, a fifth owned by Toyota, also had to recall units of the related Solterra model that it jointly developed with Toyota.
Greetings from New York where the weekend news has been dominated by Hurricane Ian, which has caused dozens of deaths and inflicted tens of billions of dollars of damage to Florida and the Carolinas. Then there is another, more immediate political issue: will the US government now discourage people from building in these vulnerable regions? Meanwhile, see below for a discussion this week about Russia and ESG — and the latest impact that Europe’s tightening environmental reporting rules have had on Toyota and other big automakers.