Toyota’s chairman has fired back at criticism the carmaker has been too slow to adopt electric vehicles by stating they will never take more than 30% of the market. Petrol, diesel and hydrogen-fuelled cars will always have a much bigger share, according to Akio Toyoda who was speaking at an event broadcast on Tuesday. Toyoda has faced the brunt of criticism for Toyota’s cautious approach to EVs where despite being the world’s largest carmaker overall it is trailing well behind Tesla and its fast-growing Chi ...

About this content About Jeremy Cutler Jeremy has worked extensively in the world of financial journalism as a reporter at ICV News, deputy editor at S&P Marketscope and as a senior reporter for Thomson Financial’s Marketeye.  A qualified accountant, former finance director and with a degree in Economics, Jeremy is well placed to analyse and explain the ups and downs of UK, European and US stockmarkets in Proactive’s daily market report Read more About the publisher Proactive financial news and online br ...

United Airlines warned losses this quarter will be larger than expected due to the latest grounding of Boeing jets, but was still upbeat over prospects for the remainder of the year. The airline said that due to the Boeing problems, it now expects a loss in the range of 35 to 85 cents a share in its first quarter of 2024 assuming its MAX 9 planes are grounded until the end of January. MAX 9 Flights were halted indefinitely by US authorities on 5 January after a door blew off on an Alaska Airline flight.   T ...

Cornerstone FS PLC (AIM:CSFS) told investors it is expanding its customer offering with the launch of a corporate card scheme with Mastercard planned for the third quarter of the year.  Under the agreement signed with the card payment network processor, the AIM-listed company will be able to issue commercial cards for its corporate customers with branding from Cornerstone and Mastercard. Chief executive James Hickman said: "This additional payment rail will provide our customers with greater choice and flex ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Barclays has received an earnings downgrade from broker Shore Capital ahead of its full-year results on 20 February. The broker has kept its 'buy' recommendation but chopped its earnings and dividend expectations by 9% to 27.2p and 8.2p respectively. A likely challenging quarter for the investment bank arm is one of the reasons for the downgrade with tough comparisons and a very little capital market activity. On the plus side, the trends for deposit migration and bad debts have been better than expected. B ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Boeing Co (NYSE:BA, ETR:BCO) is facing an investigation into another model of its aircraft which uses the same type of door plug that fell off a 737 Max 9 jet mid-flight earlier this month. A “safety alert” was issued early on Monday by the Federal Aviation Administration (FAA), calling on operators to inspect parts on their Boeing 737-900ER jets. These use the same door plug designs as those being investigated on the 737 Max 9, with carriers told to make sure parts are properly secured after some reported ...

Exxon Mobil Corp (NYSE:XOM, ETR:XONA) has filed a court case against two of its investors in an attempt to block a climate proposal from reaching the company’s annual general meeting. Follow This and Arjuna Capital were sued by the oil giant in a Texas court on Sunday, after calling on Exxon to set targets for reducing carbon emissions. Exxon argued the investors were “driven by an extreme agenda” however, with the case marking the first time the oil firm has gone to court to block a shareholder motion. "Th ...

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