Weekly Roundup: Automotive Industry News
This week's top stories include Toyota spinning off Century into a standalone ultra-luxury brand and Dream Motor Group's acquisition of Toyota-Lexus of Montgomery.
- Toyota spins off Century into a standalone ultra-luxury brand above Lexus.
- Dream Motor Group buys Toyota-Lexus of Montgomery, its first Toyota and Lexus stores.
- Subprime auto loan delinquencies hit a record high.
- Tesla Q3 revenue hits $28.1B, profit misses estimates.
- Canada cuts Stellantis’ tariff-free imports by half and GM’s by nearly a quarter.
Toyota Redefines Luxury with Standalone Century Brand
Toyota is transforming its flagship Century model into a standalone ultra-luxury brand, previewing the move ahead of its official debut at the 2025 Japan Mobility Show.
Toyota spins off Century into a standalone ultra-luxury brand above Lexus.
Author's summary: Toyota creates ultra-luxury brand Century.
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