Toyota to collaborate with other companies to make electric vehicles; but battery tech to remain in-house
At the moment, Toyota is already working together with Mazda to develop a toolbox of components that the vehicle manufacturers can take advantage of when developing their own electric vehicles.
The Jiangsu Province Price Bureau, which launched its investigation last month, found evidence of anti-competitive practices after raiding Mercedes-Benz dealerships in the province as well as an office in Shanghai
Foreign brands including Jaguar Land Rover, Volkswagen AG's Audi, BMW and Mercedes-Benz are scrambling to lower prices for both new cars and spare parts in an effort to appease Chinese regulators who have accused some of them of anti-competitive behavour.<br />
The BSE and the Nifty fell 0.77% today making it a volatile day for traders. The star of the day was M&M which posted buoyant 44% profit while Tata motors stock plummeted owing to JLR margins.