Automotive

In The News is a roundup of stories from The Canadian Press designed to kickstart your day. Here is what's on the radar of our editors for the morning of May 11 ... What we are watching in Canada ...

TOKYO (AP) — Honda’s profit for the fiscal year that ended in March dropped 1.7% as sales took a hit from a semiconductor shortage and restrictions in China related to the coronavirus pandemic.

TOKYO (AP) — Japanese technology investor SoftBank Group reported Thursday a loss of 970 billion yen ($7 billion) for the fiscal year that just ended — the second year in a row of red ink. Tokyo-based SoftBank Group Corp. racked up a 1.

TOKYO (AP) — Japanese automaker Nissan reported Thursday a seven-fold surge in January-March profit and forecast strong sales for this fiscal year riding on the popularity of its new model offerings. Nissan Motor Co.

TORONTO — Ontario Economic Development Minister Vic Fedeli calls it the "sleeper story" of the province's massive auto industry transition.

OTTAWA — The federal Liberals have made it clear that Canada's road to a greener economy will be paved with billions of dollars in corporate subsidies.

The Honda Pilot first joined the automaker’s lineup for the 2003 model year and it’s been a popular choice for midsize crossover SUV shoppers ever since.

TOKYO (AP) — Toyota’s January-March profit edged up 3% from the previous year on robust sales as a chips supply crunch gradually eased. Toyota Motor Corp. racked up 552.2 billion yen ($4 billion) in quarterly net profit, up from 533.

SANTA MONICA, Calif. (AP) — Human remains found last month in Southern California have been identified as those of the Sober Grid app founder who disappeared in 2021, authorities said.

AUSTIN, Texas (AP) — Prosecutors sought Tuesday to portray as racist a U.S.