Nov 29, 2016

Domestic output for eight Japan carmakers fell 3.2% in October

The combined domestic output of eight major Japanese automakers fell 3.2 percent in October from a year earlier to 743,086 vehicles for the first decline in three months, according to data from major automakers. Six of the eight carmakers reported declines, with Mitsubishi Motors ...

Toyota expects to improve EV batteries 'in a few years'

Nov 24, 2016

Toyota expects to improve EV batteries 'in a few years'

Toyota Motor Corp. said it aims to develop a new, more advanced electric car battery “in a few years” that will allow it to improve driving range and battery life by up to 15 percent. Such performance-enhanced lithium-ion battery technology will likely enable all ...

Toyota agrees to $3.4 billion settlement over rust complaints

Nov 13, 2016

Toyota agrees to $3.4 billion settlement over rust complaints

Toyota has agreed to settle a class-action lawsuit and pay approximately $3.4 billion to owners of trucks and SUVs in the United States who complained that their vehicles lacked proper rust protection. The agreement relates to some 1.5 million Toyota Tacomas, Sequoias and Tundras ...

Nov 9, 2016

Japan's seven top carmakers see April-September sales sag amid high yen

Japan’s seven major automakers logged drops in group sales in April-September, reflecting the yen’s appreciation, their latest earnings data have showed. Toyota Motor Corp., Mazda Motor Corp. and Fuji Heavy Industries Ltd., which rely on exports more heavily than others, posted operating profit declines ...

Nov 8, 2016

Toyota lifts profit forecast on stable yen

Toyota Motor Corp. raised its profit forecast for this fiscal year as the yen’s rally stopped short of levels that the automaker had predicted, providing some respite from a sales slowdown that is threatening its position as the world’s top seller. Operating profit will ...

Toyota adds 5.8 million more vehicles to global Takata recall

Oct 27, 2016

Toyota adds 5.8 million more vehicles to global Takata recall

Toyota is recalling about 5.8 million vehicles in Japan, Europe, China and other countries to replace potentially deadly Takata air bag inflators. The company says it knows of one person injured in a crash involving one of the vehicles, but a spokesman didn’t know ...

Oct 18, 2016

Finnish driver Hanninen selected for Toyota GAZOO team

Toyota announced on Tuesday that Finnish driver Juho Hanninen will compete for the Japanese manufacturer in its return to the top level of world rally racing in 2017. A former European rally champion, the 35-year-old Hanninen steps up from his role as test driver ...

Japanese firms carefully assess impact of Thai king's death

Oct 14, 2016

Japanese firms carefully assess impact of Thai king's death

Japanese companies operating in Thailand are carefully assessing the impact on business in the Southeast Asian country following the death of Thai King Bhumibol Adulyadej on Thursday at age 88. Economic activity in Thailand is expected to slow as mourning for the passing of ...