Auto Stock Roundup: GPI’s Stellar Preliminary Results, THO’s Payout Hike & More

Amid the changing dynamics of the auto industry and technological advancements, carmakers are fast shifting gears to electric and driverless vehicles. To this end, auto biggies like Toyota, Daimler and Ford made important announcements last week. Japan-based auto giant Toyota and Hino teamed up to make electric fuel cell trucks for the North American market. German automaker Daimler promised four new electric vehicle (EV) models off its large Electric Vehicle Architecture, starting from next year. U.S. auto biggie Ford revealed that it holds a stake in newly public company, Velodyne Lidar, in a bid to broaden its self-driving vehicle technology portfolio.

(Read the Last Auto Stock Roundup here)

Recap of the Week’s Most Important Stories

Toyota TM announced the decision to manufacture a heavy duty Class 8 hydrogen fuel cell electric truck for the North American market in collaboration with its subsidiary, Hino Motor Co, a Japan-based commercial vehicle manufacturer.

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