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
Government, Business, Fuel, Autonomous

Toyota to Add Electric, Plug-in Hybrid Vehicles

Toyota assembly line video demo. (Shuji Kajiyama/Associated Press) Toyota says its research shows that plug-in hybrids can be as clean, and less costly, than full battery-electric vehicles. (Shuji Kajiyama/Associated Press)

DETROIT — Toyota says it will roll out two new battery-electric vehicles and one plug-in gas-electric hybrid in the U.S. this year as the parade of new EVs continues.

February 10, 2021
Business, Technology, Autonomous

Aurora Partners With Toyota in Bid to Bring Autonomy to Masses

Aurora vehicle The first model that will be equipped with the Aurora Driver, the company’s hardware, software and sensor suite, is the Toyota Sienna minivan. (Aurora Innovation Inc.)

Aurora Innovation Inc., a Silicon Valley-based autonomous-driving startup with at least a $10 billion valuation, has agreed to a long-term strategic partnership with Toyota Motor Corp. and its supplier Denso Corp. that aims to mass produce autonomous vehicles and launch them on ride-hailing networks, including Uber’s, over the next few years.

Dana Hull | Bloomberg News
February 9, 2021
Business, Technology, Autonomous

Toyota’s Driverless Shuttles Could Double as ‘Roving Offices’

A Toyota e-Palette concept vehicle. (Toru Hanai/Bloomberg News) 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.

River Davis | Bloomberg News
December 22, 2020
Government, Business, Safety

Toyota Recalls Additional 1.52 Million Vehicles on Stall Risk

Toyota announced a recall of 1.52 million vehicles on Oct. 28. (Akio Kon/Bloomberg News)

Toyota Motor Corp. added 1.52 million vehicles to a recall due to potentially defective fuel pumps that may cause stalling. That brings the number of recalled Toyota and Lexus brand vehicles sold in the U.S. to 3.34 million.

Keith Laing | Bloomberg News
October 28, 2020
Business, Technology, Fuel

Hino Trucks, Toyota Group to Develop Class 8 Fuel Cell Truck

Hino-Toyota FCET Toyota

Hino Trucks and Toyota Motor North America agreed to develop a zero-emission Class 8 fuel cell electric truck for the North American market.

October 5, 2020
Business, Technology, Equipment, Fuel

Is Tesla Bigger Than Toyota? It’s Complicated

The Tesla Gigafactory in Shanghai, China. The Tesla Gigafactory in Shanghai, China. (Qilai Shen/Bloomberg News)

Many investors, including those using financial data terminals such as Bloomberg’s, were seeing something very different — that Tesla still had to gain more than $25 billion in market value to surpass Toyota.

Gearoid Reidy | Bloomberg News
June 15, 2020
Government, Business

Toyota Shifts Factories to Face Shields, Will Help Device Makers

Toyota logo at the company's headquarters in Toyota City, Japan. (Akio Kon/Bloomberg News)

Toyota Motor Corp.’s idled manufacturing facilities in the U.S. will make much-needed face shields and masks, and the Japanese automaker is closing in on deals with medical-device makers to help them boost production.

Chester Dawson | Bloomberg News
March 27, 2020
Business, Equipment, Safety, Fuel

Toyota Recalls 3.2 Million Vehicles Globally to Fix Fuel Pumps

Toyota Tacoma pickup trucks sit at a Colorado dealership Toyota Tacoma pickup trucks sit at a dealership in Lakewood, Colo., on Feb. 27, 2019. (David Zalubowski/Associated Press)

Toyota Motor Corp. is recalling 3.2 million vehicles worldwide, more than half of which are in the U.S., to fix faulty fuel pumps.

Chester Dawson | Bloomberg News
March 4, 2020