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toyota
Business

Subaru Makes CEO Change as Japan’s Carmakers Play Catch-Up on EVs

New CEO and president of Subaru Corp., Atsushi Osaki

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.

Nicholas Takahashi | Bloomberg News
March 3, 2023
Business

Toyota’s January Output Climbs While Honda, Nissan Report Drops

A Toyota Provox, front, and other vehicles on the production line

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.

Nicholas Takahashi | Bloomberg News
February 27, 2023
Business

Toyota Keeps Conservative Profit View as CEO Transition Looms

Toyota Motor Corp. vehicles

Toyota Motor Corp. posted third-quarter profit that topped estimates, but kept its conservative outlook for the year intact.

Nicholas Takahashi | Bloomberg News
February 9, 2023
Business, Technology

Toyota CEO Akio Toyoda to Step Aside, Become Chairman

Toyoda and Sato on stage together

TOKYO — Toyota set up a new leadership team Jan. 26 in what the Japanese automaker said was a move to stay abreast of social changes like electrification and becoming a wider “mobility company.”

Mari Yamaguchi and Yuri Kageyama | Associated Press
January 26, 2023
Business, Technology, Equipment

Toyota Hits Record November Output, but Shortages Loom

Toyota Motor Corp. vehicles

Toyota Motor Corp. said its global output hit a record for November, thanks in part to solid consumer demand, though it warned of an uncertain outlook due to a persistent shortage of semiconductors and spikes in COVID cases in China.

Masumi Suga | Bloomberg News
December 28, 2022
Business, Technology, TCA

Toyota President Expresses Caution on Electric Vehicles

The Toyota Corolla Cross on display

The president of Toyota Motor Corp. is publicly questioning whether the auto industry should transition as quickly to electric vehicles.

William Thornton | Alabama Media Group
December 21, 2022
Business, Technology, Equipment, Fuel

Toyota’s CEO Says EV Adoption Will Take Longer Than Expected

Akio Toyoda, president of Toyota Motor Corp., speaks during an event at the Tokyo Motor Show in Tokyo, Japan

Toyota Motor Corp. plans to keep gas-powered cars as a key part of its lineup, rejecting efforts by rivals to go fully electric amid concerns over how quickly consumers will embrace new technologies.

Keith Naughton | Bloomberg News
September 29, 2022
Business, Technology, Equipment, Fuel

Class 8s With Fuel Cells Prove Mettle in Los Angeles-Area Test

Kenworth fuel cell-electric trucks

Toyota Motor North America and Kenworth Truck Co., a unit of Paccar Inc., announced Class 8 fuel cell-electric vehicles are a potential zero-emission replacement for diesel-powered trucks.

September 23, 2022
Business, Technology, Fuel

Toyota Invests in EV Battery Production in US, Japan

Toyota battery plant site

TOKYO — Toyota is investing $5.6 billion in Japan and the U.S. to boost production of batteries for electric vehicles, the Japanese automaker said Aug. 31.

Yuri Kageyama | Associated Press
August 31, 2022
Government, Business, Fuel

Toyota Backs Down in Fight Against California Emission Rules

Toyota pickup trucks

Toyota Motor Corp. agreed to recognize California’s authority to set its own auto emission standards, ending a standoff stretching back to the Trump administration.

Keith Laing | Bloomberg News
August 23, 2022

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