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Toyota

Tokyo 2020 sponsor Toyota withdraws Games TV commercials due to lack of support

Sports 4 years ago

Tokyo 2020 sponsor Toyota withdraws Games TV commercials due to lack of support

Chief Executive Oficer of Toyota Motor, Akio Toyoda, will not attend the opening ceremony, the Yomiuri newspaper reported on Monday.

Toyota, Isuzu to take stake in each other to co-develop new vehicles

Business 4 years ago

Toyota, Isuzu to take stake in each other to co-develop new vehicles

Toyota said it will hold a 4.6 percent stake of all issued shares as of the end of September, worth 42.8 billion yen ($393 million), in Isuzu through a third-party allotment, while Isuzu plans to acquire Toyota shares of the same value through a market purchase.

Toyota net profit soars in Q3, hikes full-year outlook

Business 5 years ago

Toyota net profit soars in Q3, hikes full-year outlook

The world's top carmaker made 838.7 billion yen ($8.0 billion) in the three months to December, compared with 559.3 billion yen a year earlier, it said as it revised up full-year forecasts for the second straight quarter.

Trump's China tech war backfires on automakers as chips run short

Business 5 years ago

Trump's China tech war backfires on automakers as chips run short

The shortage is now causing Ford Motor Co, Subaru Corp and Toyota Motor Corp to curtail production in the United States.

Difficult 2020 ends on an improving note for US carmakers

Business 5 years ago

Difficult 2020 ends on an improving note for US carmakers

US auto sales for 2020 are projected to drop 15.3 percent to 14.4 million – which would make it the worst year since at least 2012 – according to a December forecast from Cox Automotive.

Alibaba-backed autonomous car firm AutoX starts driverless testing

Business 5 years ago

Alibaba-backed autonomous car firm AutoX starts driverless testing

AutoX, which is also backed by Dongfeng Motor Group Co Ltd and SAIC Motor Corp Ltd, will have a fleet of 25 driverless vehicles in Shenzhen and five in other cities to test the technology.

Toyota expects 79.5% annual operating profit drop due to virus

Business 5 years ago

Toyota expects 79.5% annual operating profit drop due to virus

The Japanese auto giant declined to give a net profit forecast for the fiscal year to March 2021 but noted that the impact of the crisis on its business was "wide-ranging, significant and serious".

Toyota global output, sales down over 20% in March on coronavirus

Business 5 years ago

Toyota global output, sales down over 20% in March on coronavirus

Toyota said its global output dropped 20.6 percent to 640,973 vehicles and sales fell 23.8 percent to 681,510 units, including those sold by subsidiaries Daihatsu Motor, a minivehicle manufacturer, and truck maker Hino Motors.

Toyota extends China plant closure over virus

Business 6 years ago

Toyota extends China plant closure over virus

Japanese auto giant Toyota said Friday it would keep its Chinese factories shut until February 16, extending its suspension by a week amid the growing coronavirus crisis.

Toyota to recall 3.4 million vehicles worldwide, air bags may not deploy in crashes

Business 6 years ago

Toyota to recall 3.4 million vehicles worldwide, air bags may not deploy in crashes

The recall, which includes 2.9 million US vehicles, covers 2011-2019 Corolla, 2011-2013 Matrix, 2012-2018 Avalon and 2013-2018 Avalon Hybrid vehicles and is tied to a report of one fatal crash.

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