Toyota CEO Akio Toyoda to Step Aside, Become Chairman
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.”
Toyota Hits Record November Output, but Shortages Loom
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.
Toyota President Expresses Caution on Electric Vehicles
The president of Toyota Motor Corp. is publicly questioning whether the auto industry should transition as quickly to electric vehicles.
Toyota’s CEO Says EV Adoption Will Take Longer Than Expected
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.
Class 8s With Fuel Cells Prove Mettle in Los Angeles-Area Test
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, 2022Toyota Invests in EV Battery Production in US, Japan
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.
Toyota Backs Down in Fight Against California Emission Rules
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.
Toyota’s Crown Car to Debut in US
TOKYO — Toyota’s flagship model in Japan, the Crown, is going on sale around the world for the first time, including in the U.S.
Toyota Recalls Electric Car for Wheel That May Detach
TOKYO — Toyota is recalling 2,700 bZ4X crossover vehicles globally for wheel bolts that could become loose, in a major setback for the Japanese automaker’s ambitions to roll out electric cars.
Toyota’s Quarterly Profit Down on COVID Parts Crunch
TOKYO — Toyota’s profit declined 31% in the January-March quarter from the year before, but the Japanese automaker still wrapped up a year of record earnings.