Toyota’s hybrid vehicles are experiencing unprecedented demand, leading to supply chain bottlenecks and delays in deliveries worldwide, affecting markets in the U.S., Europe, Japan, and India. The surge in hybrid sales, nearly tripling in the past five years, has strained Toyota’s production capacity and suppliers’ ability to keep up with demand, resulting in extended wait times for popular models like the RAV4 and Prius. Competitors like Hyundai and Kia are also facing similar challenges, highlighting the continued success and growth of the hybrid market despite initial predictions of their decline in favor of electric vehicles.
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Trump and Meloni talk up chances of US trade deal with Europe
US-Italy Trade TalksDuring her visit to Washington, Italian Prime Minister Giorgia Meloni and former President Donald Trump expressed optimism about a potential trade deal between the US and Europe, with Trump asserting it would be a "fair deal." Meloni, the first European leader to visit since Trump's tariffs were imposed, aimed to strengthen her position as a bridge between the EU and the US amid strained relations, while also addressing issues like immigration and defense...
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