NEWSWORTHY
Toyota-SoftBank venture to start taxi ride-sharing trial in Tokyo
A joint venture set up by Toyota Motor Corp. and SoftBank Corp. will launch a trial taxi ride-sharing service for business commuters using a smartphone app next week in Tokyo. The autonomous vehicle service venture, called Monet Technologies Inc., will provide the service for customers ...
Toyota slashes net profit forecast due to market turbulence
Dragged down by recent stock market turbulence, Toyota Motor Corp. slashed its net profit forecast for the current business year on Wednesday and now estimates the figure will be down by 25 percent compared to fiscal 2017. Despite record sales of ¥22.47 trillion and increased ...
Foreign talent eager to work for Japanese firms, but staid office culture a hindrance
Dozens of young people from around Asia descended on Tokyo last month for a job fair, dressed in a plain black suit of the type considered "the uniform" for Japanese college students when they meet with prospective employers. Some of the visitors said they were ...
Toyota gives top-selling Corolla a new look as it increases efforts in China
For Toyota Motor Corp., China wasn't always the first pit stop when it came to unveiling key car models. But this time, it's different. The automaker took the wraps off the all-new Corolla — and its China-only twin, Levin — at a global premiere in ...
Mazda considers offering mobility services via collaborations
Mazda Motor Corp. is considering offering mobility services using technologies such as the internet and autonomous driving, its president and chief executive officer, Akira Marumoto, said. Providing such services is "an option" for the automaker, Marumoto said in a recent interview. "Collaboration with nonautomotive sectors such ...
Toyota to recall 2.4 million hybrid cars globally over faulty program
Toyota Motor Corp. said Friday it will recall 2.43 million hybrid cars at home and abroad due to a fault in the hybrid system program. The models subject to the recall are the Prius sedan and wagon produced between October 2008 and November 2014, according ...
Toyota parts plant to resume output after stoppage due to Hokkaido earthquake
Toyota Motor Corp. said Monday its disrupted operations should be fully back to normal on Thursday, as its transmission factory in Hokkaido where a powerful earthquake halted work last week was set to resume production some time after 8:30 p.m. Monday. The shutdown of the ...
Toyota recalls 1 million hybrid cars over technical problem that could lead to fire
Auto giant Toyota on Wednesday recalled more than 1 million hybrid cars globally due to a technical problem that could possibly cause a fire in the vehicles. About 1.03 million of the hybrids built between June 2015 and May 2018 will be recalled for safety ...
Toyota ends tie-up with Isuzu, posts record net profit in first quarter
The rapidly changing business environment sparked by the increase in eco-friendly vehicles is prompting the automakers to end their 12-year-old tie-up on diesel technology.
Toyota Motor Corp. founder Kiichiro Toyoda has been inducted into the Automotive Hall of Fame in the United States, the top Japanese automaker has said. Kiichiro's vision and entrepreneurial spirit at the time of the founding of the company were rated highly, the carmaker said ...
Toyota to cease production at Shizuoka plant over next few years
Toyota Motor Corp. announced Friday it will cease production at a plant operated by one of its subsidiaries in Shizuoka Prefecture by 2020 at the earliest, moving its operations to a factory in northeastern Japan to improve efficiency and competitiveness. In Toyota's first reorganization of ...
Toyota Motor Corp. launched a Honolulu car-sharing service Tuesday that allows customers to use smartphones to unlock and start rental cars available by the hour or day. It's the latest service offered by an automaker that competes with ride-hailing and rental-car companies. The service is ...
