In a statement, Toyota Motor Corp disclosed, it plans on resuming output at three of its four main auto plants in China this week. Toyota had earlier wanted to resume the production at its plants on February 3 after the… Read More ›
Toyota Motor Corp
Toyota & Panasonic teams up to produce prismatic electric vehicle batteries
On Monday, in a joint statement, Toyota Motor Corp and Panasonic Corp stated, they have agreed to set up a joint venture which will specialize in producing prismatic electric vehicle batteries. Prismatic electric vehicle batteries developed by the joint venture… Read More ›
Toyota unveils $1.8 billion share buyback through March 2020
Toyota’s second quarter profit profits have been 9 analysts’s estimate as per Refinitive data. On Thursday, Toyota Motor Corp unveiled a $1.8 billion share buyback after reporting a more-than-expected quarterly profits, on the back of improved global sales. Toyota Motor… Read More ›
Colorado agrees to adopt California’s zero-emission vehicle norms
This is a milestone for the electric vehicle industry in the U.S. In a significant development, there has been a breakthrough in talks with major automakers agreeing to a deal with the state of Colorado wherein the state will adopt… Read More ›
SUV & pickup trucks drive U.S. auto sales in August
Ford and Toyota, the second and the third largest automaker in the U.S. have reported a surge in SUV and pickup truck sales. Ford Motor Co, the second biggest automaker in the United States, has reported an almost 4.1% rise… Read More ›
Toyota to boost China manufacturing capacity by 20%
Toyota aims to produce 2 million vehicles a year by early 2020s, which is a jump of more than 50% its current capacity. As per a source from Toyota Motor Corp, the Japanese carmaker will boost production capacity at its… Read More ›
Toyota Motor Corp reports record 1st quarter results
Since North America is Toyota’s largest market, an increase in tariffs, especially in its best selling pick-up truck models is likely to boost the cost of its vehicles by at least $3,000. On Friday, Japanese automaker Toyota Motor Corp posted… Read More ›
Japan hit by 6.1 Richter scale earthquake, industrial production affected
Factory production, including those of Panasonic, Daihatsu Motor Co, a unit of Toyota Motor Corp, Sharp Corp, in Osaka and in its surrounding regions have been affected. Early on Monday, Japan’s news daily NHK reported that an earthquake measuring 6.1… Read More ›
Toyota aiming to increase foothold in China’s EV market
Although earlier it was unthinkable for Toyota to sell electric vehicles, its current strategy tops that since it involves selling EVs that are derived from its’s Chinese partner’s vehicle which do not feature is triple-oval logo. This is the extent… Read More ›
Boom times for car sales in the EU and in the European Free Trade countries
Thanks to more business days, car sales are shooting up. According to industry data published on Thursday, in April car sales in the European Union have shot up by 9.6%, led by Toyota, Hyundai and Ford Motors. As per Brussels-based… Read More ›
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