April 19, 2024

TechNewsInsight

Technology/Tech News – Get all the latest news on Technology, Gadgets with reviews, prices, features, highlights and specificatio

Toyota has more bad news for car owners

Toyota has more bad news for car owners

Toyota Motor Corporation. (TM) – Get the Toyota Motor Corporation report Which Launched the first American electric car bZ4x in April, has had bad luck for the past year.

Despite launching its all-new electric car to compete against Tesla (TSLA) – Get the Tesla Inc. report.stronghold (F) – Get a Ford Motor Company reportGeneral motors (GM) – Get the General Motors report And Volkswagen with great anticipation, the company experienced some failures at the same time.

When the company introduced the bZ4x, which has a manufacturer retail price of $42,000, the company had already announced a 17% cut in total April production, and then announced that it would cut the company’s production by 10% in May due to supply chain issues. .