River Davis
Toyota Spends $13.7 Billion to Secure EV Battery Supplies
The Toyota "Beyond Zero" bZ4X electric SUV at the Auto Shanghai 2021 show. (Qilai Shen/Bloomberg News)
Toyota Motor Corp. plans to spend $13.7 billion on the supply and development of batteries for hybrid and electric vehicles by 2030, joining other global automakers boosting investments in anticipation of greater demand.
September 7, 2021Toyota Defies Chip Shortage to Post Record Output, Sales
Toyota Motor Corp. vehicles bound for shipment at a port in Yokohama, Japan. (Toru Hanai/Bloomberg News)
Strong global demand for cars boosted Toyota Motor Corp.’s sales to a record for the month of June, with production seemingly unfazed by an industrywide shortage of semiconductors.
July 29, 2021Forklift Driving Becomes Desk Job in Phantom-Mitsubishi Deal
A driver operates a forklift remotely. (Bloomberg News)
Phantom Auto, a California-based startup focusing on remote vehicle operation, has struck a deal to provide logistics equipment heavyweight Mitsubishi Logisnext Co. with software that enables forklifts to be operated remotely from thousands of miles away.
May 13, 2021Toyota’s Driverless Shuttles Could Double as ‘Roving Offices’
A Toyota e-Palette concept vehicle. (Toru Hanai/Bloomberg News)
Toyota Motor Corp. is aiming to commercialize an autonomous shipping-container-like vehicle within a few years that it says could double as a mobile store or roving office.
December 22, 2020