Automotive

Reuters was first to report Toyota is considering a reboot of its electric-car strategy to better compete in a booming market, and has halted some work on existing electric vehicle (EV) projects. The proposals under review, if adopted, would amount to a dramatic shift for Toyota and rewrite the $38-billion EV rollout plan the Japanese automaker announced last year to better compete with the likes of Tesla.

Article Tags

Topics of Interest: Automotive

Type: Reuters Best

Sectors: Business & Finance

Regions: Global

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

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