Toyota’s Profits Zoom on Cheap Yen, Strong Global Sales
TOKYO — Toyota’s July-September profit jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings.
Toyota More Than Doubles Investment at N.C. Battery Plant
RALEIGH, N.C. — Toyota will invest an additional $8 billion in the hybrid and electric vehicle battery factory it’s constructing in North Carolina, more than doubling prior investments.
Toyota Keeps Up Push to Prove It Can Embrace New Technology
Toyota Motor Corp.’s campaign to show customers, suppliers and investors that it’s serious about electrification was on display again this month.
Toyota to Resume Japan Plants After Rare System Malfunction
Toyota Motor Corp. said it will gradually resume operations at its 14 domestic plants Aug. 30 after a system malfunction suspended production.
Toyota, Stellantis Blast Biden’s Plan to Boost EV Sales
Stellantis NV and Toyota blasted a Biden administration plan to ease auto pollution, saying it would compel unrealistic sales of electric vehicles that strain critical mineral supplies.
Strong Q2 For Toyota, GM Points to Auto Industry Strength
General Motors Co. and Toyota Motor Corp. both posted strong sales gains in the second quarter, signs of consumer health in the auto market as semiconductor supply improves.
Toyota Class 8 Hydrogen Powertrain Approved in California
Toyota is to begin offering Class 8 commercial truck manufacturers and operators a hydrogen-fueled powertrain in California later this year.
April 28, 2023Toyota to Sell 1.5 Million EVs by 2026
Toyota Motor Corp.’s new CEO Koji Sato unveiled the beginnings of a long-awaited plan to electrify the automaker’s vehicle lineup during his first press conference.
Subaru Makes CEO Change as Japan’s Carmakers Play Catch-Up on EVs
Subaru Corp. appointed Atsushi Osaki as CEO and president, following Toyota Motor Corp.’s decision to overhaul its top ranks, suggesting a greater urgency among Japanese carmakers to accelerate efforts to better compete in the electric vehicle era.
Toyota’s January Output Climbs While Honda, Nissan Report Drops
Toyota Motor Corp. reported a slight drop in global sales in January due to lingering effects of the COVID-19 pandemic and a chronic shortage of semiconductors for automobiles, the Japanese automaker said.