Enbridge beats second-quarter profit estimates
The company reported an adjusted profit of 65 Canadian cents per share for the quarter ended June 30, beating analysts' average expectation of 57 Canadian cents, according to data complied by LSEG.
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Auto Blog
an hour ago
- Auto Blog
Report: Toyota Still Considering Smaller Unibody Truck for US
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Sure, they're cleaner and more energy efficient, but automakers like Hyundai, Cadillac and Porsche are betting a better way to get buyers interested in EVs is to sell their unrivaled performance. Ford and Hyundai have succeeded in the compact truck segment — could Toyota be next? Small trucks have had a bumpy history in the States. However, lately, some automakers have found success with smaller-than-usual offerings, including Ford's Maverick and Hyundai's Santa Cruz, both of which are small pickups. The small truck segment could grow even more with the Bezos-backed Slate pickup, albeit its existence has become a lot more uncertain in the last few weeks as EV incentives go the way of Amelia Earhart. Then, we get to Toyota. Recent reports coming from Automotive News seem to indicate Toyota may still bring a tyke-sized truck to the US market, and it might not be the truck you expect it to be. 2025 Toyota Tacoma SR 2025 Ford Maverick Lariat A smaller Toyota truck would not share much with existing Toyota truck offerings While the current Toyota truck lineup in the US features solely body-on-frame construction, the prospective addition to the family would likely be based on the RAV4. Automotive News reports that Toyota Motor North America is still 'studying' a compact unibody-based pickup for the US market. They also confirm that the Corolla-based and electrified truck that Toyota is selling in Brazil is decidedly 'too small' for the US. Disappearing incentives/rebates and tariffs are also likely contributing factors as to why we won't get that smaller pickup. By providing your email address, you agree that it may be used pursuant to Arena Group's Privacy Policy. Toyota EPU Concept Toyota EPU Concept A truck built on the TNGA-K platform — which underpins the RAV4, Camry, Sienna, and others — means staying more than competitive with other small truck offerings. The Grand Highlander, a TNGA-K vehicle, can tow up to 5,000 pounds, which is 1,000 more than what the Maverick can muster. Considering even the three-row Grand Highlander is only two inches longer than the Maverick, the platform's size would be right on the money, too. Although at one point speculation pointed towards electrification, that plan — if there ever was one — is almost certainly scrapped in the face of loosening EPA regulations and dashed EV rebates. In the US, anyway, as Europe is a different story. Automotive News thinks 2028 would be the earliest we'd see the hypothetical truck. A new small truck fits Toyota's goals like a glove In related chats with Ted Ogawa, Toyota North America CEO, Automotive News uncovered additional pieces of the puzzle that might point towards a tinier truck alternative. 'When we talk about affordability, the key is the entry segment,' Ogawa says. 'So, in our lineup, that means Corolla and Corolla Cross.' That covers the small SUV and sedan segment; why not bring in an 'entry segment' truck to round things out? Another priority of Ogawa's — and, realistically, all automakers — is getting the most bang per buck at a platform level. 'Products must be refreshed, but the platform can be extended,' he tells AN. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. There's one last intimation we glean from the Ogawa interview. 'Toyota's basic policy is to build where we sell and buy where we build,' he starts. Later, we get a real-world example. 'In the case of the Corolla sedan, currently the internal-combustion version is built in Mississippi. But the hybrid is built in Japan, because that plant is more competitive for that product.' We can't imagine any market more ready to chomp at the bit for an affordable, small Toyota pickup than the US. The Slate hype — which may have, ultimately, been just that — was all the evidence we needed. 2024 Toyota Tacoma SR5 2025 Ford Maverick Final thoughts New Toyota truck rumors have persisted for years. Ford moved 48,041 Mavericks in just the second quarter of 2025. Arguably more importantly, a whopping 60% of Maverick buyers were new to the brand. Some of those customers inevitably migrated from Toyota, and that's got to hurt. We think the chances are high that Toyota wants to bring a competitor to the market. It's just a question of when, and whether or not 2028 will be too late. About the Author Steven Paul View Profile
Telegraph
an hour ago
- Telegraph
Republicans tell Trump to ‘grow up' after he sacks data chief
Republicans have told Donald Trump to 'grow up' after he sacked the US government's top statistician over underwhelming jobs numbers. The president said on Friday he would remove Erika McEntarfer as commissioner of the Bureau of Labour Statistics (BLS) shortly after government figures indicated the economy was performing worse than expected. The move has prompted a rare backlash against Mr Trump from members of his own party. Cynthia Lummis, a Republican senator for Wyoming, told NBC News that deciding to sack Ms McEntarfer before establishing the accuracy of the employment figures was 'kind of impetuous'. 'If the president is firing the statistician because he doesn't like the numbers but they are accurate, then that's a problem,' she continued. 'It's not the statistician's fault if the numbers are accurate and that they're not what the president had hoped for.' Thom Tillis, who represents North Carolina, said: 'If she was just fired because the president or whoever decided to fire the director just did it because they didn't like the numbers, they ought to grow up'. In the past, Mr Trump has taken an uncompromising attitude to critics in his own party, publicly threatening to back primary challenges to replace them with loyalists. Mr Tillis said in June that he would not run for re-election. Rand Paul, a Kentucky senator and former presidential primary contender, raised concerns about the politicisation of government data. 'We have to look somewhere for objective statistics. When the people providing the statistics are fired, it makes it much harder to make judgments that you know, the statistics won't be politicised,' he said. 'I'm going to look into it, but [my] first impression is that you can't really make the numbers different or better by firing the people doing the counting.' Democrats have also condemned the president's move. Chuck Schumer, the party's leader in the Senate, criticised Mr Trump's 'shoot the messenger' response in a speech on Friday. Mr Trump has long been suspicious of the BLS, claiming last year that it inflated the jobs numbers during former president Joe Biden's administration in an attempt to swing the election for the Democrats. He announced via social media on Friday that he was sacking Ms McEntarfer, labelling her a 'Biden political appointee' even though she is a career civil servant and was confirmed by a bipartisan vote in January 2024. Among those who voted to confirm her were former senators JD Vance, now the US vice-president, and Marco Rubio, the secretary of state. Some Republicans have backed the president's move, including Roger Marshall, a Kansas senator, who was one of the 85 senators who confirmed her last year. 'Her cooked-up numbers have misled the American people for too long,' he claimed. The US created just 73,000 new jobs in July, considerably fewer than the predicted 110,000, while the figures for May and June were slashed by 258,000 combined, according to the BLS report released on Friday. Mr Trump hit out at the bureau as stock markets tumbled, branding the figures revision a 'major mistake' and adding: 'Important numbers like this must be fair and accurate, they can't be manipulated for political purposes.' Ms McEntarfer would be replaced with 'someone much more competent and qualified', he said, insisting the economy was 'BOOMING'. For now, BLS deputy commissioner William Wiatrowski is serving as acting commissioner.
The Guardian
3 hours ago
- The Guardian
ESPN reportedly selling equity stake for RedZone and other NFL properties
ESPN has reached a deal with the NFL to purchase RedZone, NFL Network and other league holdings, the Athletic reported on Friday. The NFL will receive equity in ESPN that 'is potentially worth billions' in exchange, according to the report. An official announcement is expected next week, ending a four-year period of complicated, on-and-off negotiations. Both sides declined to provide comment to the Athletic. In addition to RedZone and NFL Network, ESPN will gain access to seven more regular-season games and the NFL's fantasy football operations, as well as the potential to integrate sports betting and other special features. The NFL's equity stake in ESPN could be as much as 10%, CNBC first reported and the Athletic confirmed. An ESPN-NFL deal would require regulatory approval, a process that could take up to a year to complete. The two sides already have a cozy relationship. ESPN pays the NFL about $2.7bn per year to air a total of 25 games, including Monday Night Football. The network also holds the rights to the Super Bowls in 2027 and 2031. Friday's reported agreement comes as ESPN is preparing to launch its direct-to-consumer service, with subscribers paying $29.99 per month to bypass cable and satellite providers to view all of the network's programming through the ESPN app.
