Weekly Roundup: Automotive Industry News
This week, Toyota announced the spin-off of its Century model into a standalone ultra-luxury brand, positioned above Lexus, with its official debut at the 2025 Japan Mobility Show.
- Dream Motor Group acquired Toyota-Lexus of Montgomery, its first Toyota and Lexus stores.
- Subprime auto loan delinquencies reached a record high.
- Tesla's Q3 revenue was $28.1B, but profit missed estimates.
- Canada reduced Stellantis' tariff-free imports by half and GM's by nearly a quarter.
Toyota's decision to create a standalone ultra-luxury brand is a significant move in the automotive industry, redefining the concept of luxury vehicles.
Toyota is transforming its flagship Century model into a standalone ultra-luxury brand positioned above Lexus.
Author's summary: Toyota spins off Century into a standalone luxury brand.
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