Business, Technology, Fuel

Toyota to Build $1.29 Billion US Battery Plant

lithium-ion battery Lithium-ion batteries for the Toyota Prius. (Tomohiro Ohsumi/Bloomberg)

DETROIT — Toyota plans to build a $1.29 billion factory in the U.S. to manufacture batteries for gas-electric hybrid and fully electric vehicles.

Tom Krisher | Associated Press
October 18, 2021
Business, Technology, Equipment, Autonomous

Toyota Banks on Mobility Technology for Future Growth

Renovo Renovo/Woven Planet via Associated Press

TOKYO — Japanese automaker Toyota is revving up acquisitions in mobility technology, adding Renovo Motors Inc., a Silicon Valley software developer, to its Woven Planet team, which is working on automated driving.

Yuri Kageyama | Associated Press
September 28, 2021
Business, Technology, Fuel

Toyota Spends $13.7 Billion to Secure EV Battery Supplies

Toyota bZ4X 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.

River Davis | Bloomberg News
September 7, 2021
Business, Technology, Equipment

Toyota to Assemble Fuel Cell Modules in US for Heavy-Duty Trucks

Toyota fuel cell stack assembly Starting in 2023, Toyota will begin assembling at its Georgetown, Ky., integrated dual fuel cell modules for use in hydrogen-powered, heavy-duty commercial trucks. (Toyota)

Toyota will begin assembling integrated dual fuel cell modules in the United States starting in 2023. They are intended for use in hydrogen-powered, heavy-duty commercial trucks.

August 27, 2021
Business, Technology, Equipment

Toyota Cuts Show Chip Shortage Ravages Even Best Supply Planners

Toyota The Toyota Motor Corp. badge sits on a steering wheel of the company's Corolla Touring vehicle during an unveiling event in Tokyo, Japan. (Akio Kon/Bloomberg News)

Toyota Motor Corp.’s efforts to stockpile enough chips and other key components to ride out supply disruptions only protected the company so long before it too succumbed to the shortages eviscerating automakers.

August 19, 2021
Business, Technology, Equipment

Toyota Defies Chip Shortage to Post Record Output, Sales

Toyota 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.

River Davis | Bloomberg News
July 29, 2021
Business, Technology, Equipment, Autonomous

Toyota Adds Suzuki, Daihatsu to Commercial EV, Autonomous Push

Toyota The Suzuki Motor Corp. logo on the steering wheel of the Solio Bandit vehicle. (Akio Kon/Bloomberg News)

Suzuki Motor Corp. and Daihatsu Motor Co. are investing in a Toyota Motor Corp. entity to bring electrification and autonomous driving to commercial vehicles, deepening ties between the automakers.

Reed Stevenson | Bloomberg News
July 21, 2021
Business, Technology, Autonomous

Toyota Tech Arm Plans Self-Driving Acquisition Spree

Toyota Motor Corp. e-Palette vehicles at the Olympic village in Tokyo Toyota Motor Corp. e-Palette vehicles at the Olympic village in Tokyo. (Kiyoshi Ota/Bloomberg News)

Toyota Motor Corp.’s software and technology arm plans to embark on an ambitious hiring and acquisition spree as automakers globally jostle for pole position in the race to develop smart cars that will one day drive themselves.

July 14, 2021
Business, Technology, Autonomous

Lyft to Sell Autonomous-Driving Unit to Toyota for $550 Million

Lyft driver hub building in San Francisco The Lyft driver hub building in San Francisco. (David Paul Morris/Bloomberg News)

Lyft Inc. has agreed to sell its self-driving division to a subsidiary of Toyota Motor Corp., joining Uber Technologies Inc. in stepping back from the costly driverless vehicle research once thought to be on the verge of revolutionizing ride-hailing.

Lizette Chapman | Bloomberg News
April 26, 2021
Government, Business, Safety

NHTSA Probes Engine Fires in Nearly 1.9M Toyota RAV4 SUVs

Toyota logo Eugene Hoshiko/Associated Press

DETROIT — The U.S. government is investigating complaints of engine compartment fires in nearly 1.9 million Toyota RAV4 small SUVs.

March 1, 2021