Thursday, November 5, 2026
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Auto industry
Toyota raised its fiscal-year operating profit forecast to $24.8B (¥3.9T) from $21.6B (¥3.4T), with first-half operating income up 9.2% to $13.9B (¥2,191.1B), and added $1.9B (¥300B) to its buyback, per Toyota. Converted at ¥157.47/$ (Fed H.10, Oct. 30).
Sources: Link
The other stories from Thursday, November 5, 2026.
Mark Templin will become Toyota Motor North America president and CEO on Jan. 1, 2027, succeeding Ted Ogawa.
Read the full summary →The hybrid-only 2027 Sequoia starts at $69,900 and adds Trailhunter and trailer-assist features for fall arrivals.
Read the full summary →GM recalled 67,380 EVs for brake-control software. The safety fix is an over-the-air or dealer update.
Read the full summary →Ken Garff bought Avondale Toyota and One Toyota of Oakland, including their real estate, bringing the group to 71 stores.
Read the full summary →Early Experian Q3 figures put average new payments at $773 and used at $548. Higher payments leave less room for added financed costs.
Read the full summary →Products supplied 61.7% of F&I income per vehicle in JM&A's dealer sample, ahead of reserve. The sample is not a national census.
Read the full summary →Final car-loan interest deduction rules take effect Nov. 9. A deduction is not an upfront payment discount.
Read the full summary →Agora expanded its dealer funding program to FICO 660 and below. Published rates and advance limits are not an approval for every deal.
Read the full summary →Car-Mart's lenders extended waiver and covenant relief through Nov. 9. That is more time, not a permanent fix.
Read the full summary →