Toyota to build new SUV rather than Corolla at Alabama plant
Toyota Motor Corp. said Wednesday it will build a new sport utility vehicle at a $1.6 billion joint venture assembly plant in Alabama rather than produce Corolla cars. Japan's top automaker announced in January 2018 it would build the factory in Alabama with Mazda Motor ...
Calls for boycott of Japan grow in South Korea as wartime labor row simmers
The dispute appears to be devolving into a tit-for-tat trade war that will likely prove damaging to both sides.
China car sales sink over chaotic adoption of new emissions rules
Shanghai-based Buick dealer Ron Li in late April found himself in an unfamiliar quandary: how to sell off almost 80 sedans and SUVs crowding his dealership lot. The crux of the problem: a June 30 deadline for cars built to so-called China-5 emissions standards to ...
New auto sales in Japan up slightly in January-June from year before
Sales of new automobiles across the country rose 0.8 percent during the January-June period from a year earlier to 2.75 million units. The industry enjoyed the first sales growth in two years for January-June, led by popular new models. In June alone, new auto sales fell ...
Toyota to invest ¥210 billion in Indonesia to develop hybrid cars through 2023
Toyota Motor Corp. will invest about ¥210 billion ($1.9 billion) through 2023 in Indonesia, mainly to develop hybrid cars, people close to the matter said Saturday. The planned investment in one of the largest auto markets in Southeast Asia is also meant to prepare the ...
Five Japanese automakers to join Toyota-SoftBank self-driving venture
Five Japanese automakers will join a self-driving technology joint venture formed last year by Toyota Motor Corp. and SoftBank Corp., sources close to the matter said Wednesday. Mazda Motor Corp., Suzuki Motor Corp., Subaru Corp., Isuzu Motor Ltd., and Toyota's minivehicle-making unit Daihatsu Motor Corp. ...
Toyota brings forward revamp of its dealership strategy in Japan
Toyota Motor Corp. said Monday it will reform its dealership strategy and start selling the full range of its models at all of its outlets across Japan from next May, moving up the schedule from the initially set period of sometime between 2022 and ...
Toyota Executive Vice President Didier Leroy's pay in fiscal 2018 topped ¥1 billion
Executive compensation paid to Toyota Motor Corp. Executive Vice President Didier Leroy in fiscal 2018 surpassed ¥1 billion for the second straight year, according to the automaker's financial report. In the year that ended in March 2019, Toyota paid ¥1.042 billion to Leroy, up ¥16 ...
Toyota to cut managers' summer bonus by up to 5% due to high R&D costs
Toyota Motor Corp. will cut summer bonuses for some 9,800 managers by 4 to 5 percent, as it looks to tighten cost control in the face of high spending on developing technology for autonomous and electrified vehicles, a source close to the matter said ...
Despite Prius sales slump, hybrids as popular as ever
The Toyota Prius, once revered as the greenest car on the road, has fallen on hard times. Sales are on a six-year losing streak, and now the previously pre-eminent eco-mobile has fallen behind the Ford Fusion hybrid — a model its parent company plans ...
