WEC Barcelona 2026: Toyota seals title as Ferrari #50 takes podium

Ferrari (RACE) spent €11.96 million on October 12-16, 2026, buying 34,212 shares at an average price of €349.52. Since January 5, 2026, it has invested €639.7 million in its share buyback program, holding 1.96 million shares in treasury as of October 16, 2026.

Toyota warns it may reduce UK sales due to 'unrealistic' electric car targets, citing the zero-emission vehicle (ZEV) mandate as unsustainable. Executives suggest the 2030 target of 80% electric vehicles should be cut to 50%, and the 2035 combustion engine ban should be removed. They also expressed concerns about the competitiveness of their UK plants, including the Burnaston facility, due to rising costs and regulatory uncertainty.

Toyota plans to start producing its hybrid-only Lexus NX in Ontario, Canada, this December. The company is investing hundreds of millions in its Cambridge plant, following a $1.1bn investment in the RAV4. Toyota built 537,518 vehicles in Canada last year, with 85% exported. This expansion contrasts with cutbacks by other automakers due to trade tensions and competition.

Lexus GM Dejuan Ross outlined growth plans at the annual dealer meeting, aiming for 370,000 sales in 2027. Lexus maintains a disciplined inventory model and a multipath powertrain strategy, focusing on hybrids and EVs. Affordability and dealer confidence are key priorities. Ross highlighted strong dealer partnerships and lean inventory management.

Toyota expects its Arene software platform to be in 10 million new vehicles and 50 models by 2030, according to the company. The platform was first introduced in the revamped RAV4 SUV, launched in 2025. Toyota aims to expand the platform's deployment further by 2035, including in vehicles from alliance partners. Software-defined vehicles allow over-the-air updates for safety, autonomous driving, and entertainment features.

Toyota Australia agreed to a AU$750 million settlement for class actions over diesel particulate filter (DPF) issues in HiLux, Prado, and Fortuner models, pending court approval. The settlement covers 264,170 vehicles sold between 2015 and 2020, with defects reducing vehicle value. Toyota Motor Corporation stated the payout is immaterial to its finances.