Jul 8, 2014

Toyota mulling raising prices in emerging markets

Toyota Motor Corp. is considering raising vehicle prices in emerging markets to offset the impact of weakening local currencies, according to a source. Depreciating currencies in Brazil and other growth markets on the back of the tapering of U.S. monetary stimulus are eating into ...

Jul 3, 2014

Toyota to supply fuel cell vehicle parts to other automakers

Toyota Motor Corp. is planning to provide the major components of fuel cell vehicles to other automakers to promote their entry into the market, company officials said. Since the huge cost of developing the next-generation cars will be difficult for midsize companies to bear, ...

Sticker price of Toyota's hydrogen car: ¥7 million

Jun 25, 2014

Sticker price of Toyota's hydrogen car: ¥7 million

Toyota Motor Corp.’s vision of a hydrogen future will begin with a ¥7 million ($69,000) car. That is the price of Toyota’s upcoming fuel-cell vehicle, the world’s largest carmaker said in a statement Wednesday. The Camry-sized car will go on sale to Japanese consumers ...

Jun 25, 2014

Five Japanese firms among top 10 global green brands

U.S. consulting firm Interbrand said Tuesday that five Japanese companies were among the 10 best global green brands in 2014, recognizing their work on tackling environment problems. Ford Motor Co. took the top spot for its commitment to electric vehicles, ousting Toyota Motor Corp., ...

Jun 20, 2014

Rebates to promote fuel cell cars likely in 2015, METI says

The Ministry of Economy, Trade and Industry plans to offer subsidies to drivers who purchase fuel cell vehicles from fiscal 2015. The rebates are part of a road map adopted Thursday to bring hydrogen into common use as an energy source toward 2040. The ...

Jun 17, 2014

Toyota growth plans focus on hybrid segment

Toyota Motor Corp. President Akio Toyoda said Tuesday the company will focus heavily on hybrid vehicles as it tries to drive further growth. The company aims to improve the fuel efficiency of hybrid vehicles and launch 15 new models in the next two years. ...

Jun 11, 2014

Toyota recalls 2.27 million vehicles globally over airbag

Toyota said Wednesday it’s recalling 2.27 million vehicles worldwide over an airbag system defect that could cause a fire. The world’s biggest automaker, which has now recalled about 9 million vehicles in the past two months, said the announcement covers about 20 models, including ...

Jun 4, 2014

Buoyant U.S. buyers drive up Japan auto sales

Improving consumer confidence in the U.S. boosted new car sales for Japanese automakers in May, with Toyota Motor Corp. and Nissan Motor Co. posting double digit gains, and Honda Motor Co. rising by 9 percent. Autodata Corp. also said Tuesday that warmer weather and ...

Jun 2, 2014

Korean FTA to erode automakers' share in Colombia

Japanese automakers may lose traction in Colombia as a free trade agreement between that country and South Korea takes effect. Under the FTA signed in December 2013, Colombia will incrementally reduce tariffs on automobiles imported from South Korea from 35 percent to zero within ...