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Toyota Motor Corporation (NYSE:TM) shares are trading lower premarket Thursday. The company will reportedly delay electric vehicle (EV) production in North America to the first half of 2026 due to slowing sales in the key auto market. The car manufacturer cited design adjustments as a factor for the postponement and will reconsider the start date, reported Nikkei. The company plans to launch 10 new EV models globally by 2026, with the Kentucky plant’s SUV anticipated to be part of its next-generation EVs featuring an updated chassis. Read: Toyota Aims To Reduce EV Costs with Gigacasting Machine In September, Toyota stated it plans to cut its electric vehicle production target for 2026 ...


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