Toyota Defies Tariffs with Record Sales Driven by U.S. Exports and Electrified Vehicles
Toyota defied the impact of U.S. tariffs in June, boosting exports to the U.S. by 16% to 52,745 vehicles, which contributed to a 2.7% global sales increase to 937,246 units.
Strong demand, particularly for electrified vehicles, including hybrids, plug-ins, and EVs, drove record-breaking first-half sales of 5.54 million vehicles globally, with electrified models reaching 2.49 million.
In North America, hybrid sales surged 38%, including 569,000 in the U.S. Despite earlier concerns of an $11 billion tariff hit, recent negotiations reduced the expected U.S. tariff from 25% to 15%, easing some industry anxiety.
Japanese automakers remain vital to the U.S. economy, having invested over $66 billion in local production and supporting 2.2 million jobs, as automotive exports continue to represent about 30% of Japan’s exports to the U.S.
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Marked Fuel Audits on the Rise in B.C.’s Forestry Sector
In B.C.’s forestry sector, logging and trucking operators are facing increased scrutiny over how they use and report fuel, particularly coloured (marked) fuel intended for off-highway operations. While Motor Fuel Tax rules haven’t changed, recent enforcement has prompted many businesses to reassess long-standing practices — especially in mixed-use scenarios where trucks operate mostly on forest roads but travel short distances on public highways. Even minimal highway use can trigger reassessments, with auditors sometimes applying the full tax to entire fuel purchases.
Nissan Reports Smaller-Than-Expected Quarterly Loss Amid Tariffs and Slumping Sales
Nissan reported its first quarterly operating loss in over four years, posting a 79.1 billion yen ($534.57 million) loss for the April–June period, primarily due to U.S. import tariffs and declining sales volumes.