Weekly Roundup: Automotive Industry News
This week's top stories include Toyota spinning off Century into a standalone ultra-luxury brand, Dream Motor Group's acquisition of Toyota-Lexus of Montgomery, and a record high in subprime auto loan delinquencies.
Toyota's New Luxury Brand
Toyota is transforming its flagship Century model into a standalone ultra-luxury brand positioned above Lexus, with an official debut at the 2025 Japan Mobility Show.
- Dream Motor Group buys Toyota-Lexus of Montgomery, its first Toyota and Lexus stores.
- Subprime auto loan delinquencies hit a record high.
- Tesla Q3 revenue hits $28.1B, profit misses estimates.
- Canada cuts Stellantis’ tariff-free imports by half and GM’s by nearly a quarter.
Toyota redefines luxury with standalone Century brand debuting this October.
Author's summary: Toyota launches Century as a standalone luxury brand.
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