Toyota’s boss has taken a swipe at Tesla, predicting Elon Musk’s electric car company will lose out to established motor manufacturers as they catch up in battery vehicles. Akio Toyoda, grandson of Toyota’s founder, warned not to dismiss the automotive industry’s giants as his company posted quarterly results which included doubling its full-year profit forecast. “Tesla says that their recipe will be the standard in the future, but what Toyota has is a real kitchen and a real chef,” said Mr Toyoda in a reference to Tesla’s hopes its technologies will become widely adopted. “They aren’t really making something that’s …read more
Source:: Yahoo Finance
