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Toyota fell to tenth place from second final yr in a rating of automakers’ capability to deal with future enterprise dangers, a Swiss enterprise faculty mentioned Tuesday, underscoring Toyota’s slower shift to electrical autos than its U.S. and Chinese language rivals.
The annual rating that measures “future readiness” for automakers was made based mostly on such elements as innovation, enterprise variety and monetary well being, based on the Worldwide Institute for Administration Growth.
Toyota’s fall comes at a time when a rising variety of nations are tightening rules on gasoline-powered autos. As demand for EVs rises as a viable possibility to scale back carbon footprint, competitors to acquire batteries and chips has additionally intensified.
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