Tag - toyota

 
 

TOYOTA

Toyota's annual global sales topped 10 million units in 2023 for the first time.
BUSINESS / Companies
Apr 26, 2024
Toyota sets records for output and sales as scandals fail to dent demand
Global sales increased 5% from a year earlier to 11.1 million units, new data shows, exceeding 10 million for the first time.
Ian Foster, then-New Zealand head coach, during training in Paris on Oct. 13
MORE SPORTS / Rugby
Apr 16, 2024
Former All Blacks coach Foster makes Japan move
Ian Foster has not coached since leading the All Blacks to last year's World Cup final, where they lost 12-11 to South Africa.
Prime Minister Fumio Kishida tours a new Toyota battery factory in Liberty, North Carolina, with state Gov. Roy Cooper (second from right) on Friday.
BUSINESS
Apr 13, 2024
Kishida touts Japan’s investments in U.S. with visit to swing-state Toyota plant
The prime minister visited the North Carolina plant where Toyota last year injected an additional $8 billion to make batteries for electric vehicles.
Daihatsu Motor President Masahiro Inoue speaks during a news conference in Tokyo on Monday.
BUSINESS / Companies
Apr 8, 2024
Toyota tightens oversight over scandal-hit Daihatsu
Daihatsu will streamline the way it reports on development and certification to its parent Toyota Motor.
A lone Tesla charges in the basement of a commercial property in Tokyo. One of Japan’s biggest obstacles to electric vehicles is subpar charging infrastructure.
BUSINESS / Companies
Apr 8, 2024
How three high-tech countries became laggards in electric vehicles
Japan's slow adoption traces back to a decade-old bet on hydrogen fuel-cell technology, while U.S. and South Korea have hit bottlenecks.
Drivers in California’s Marin County rely on a single hydrogen fueling station.
ENVIRONMENT / Energy
Apr 6, 2024
Few stations and $200 to fill up: Life on California’s ‘hydrogen highway’
Fuel shortages and soaring prices have stalled the adoption of hydrogen cars — but proponents aren’t throwing in the towel.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
Apr 5, 2024
BOJ downgrades biggest number of regional economies in two years
The central bank kept its appraisals of just two areas unchanged, according to a quarterly regional economic report Thursday.
Toyota's domestic sales declined for the second straight month in February, as the firm has been impacted by a slew of data-rigging scandals among its group companies.
BUSINESS / Companies
Mar 29, 2024
Toyota domestic sales drop for second month on data scandals
The Japanese automaker is unlikely to attain its production goal of 10.1 million units and sales of 10.4 million units due to a recent string of scandals.
Japanese automakers explore a unified approach and industry consolidation to stay competitive in the global EV market.
COMMENTARY / Japan
Mar 19, 2024
As China’s EVs approach, Japan’s carmakers must step on the gas
China sees an opportunity to dominate, and just as it did with sectors from steel to solar panels, it’s unlikely to always play fair.
A vehicle developed by Toyota, inspired by the Pokemon character Miraidon, on display in Tokyo on Thursday
BUSINESS / Companies
Mar 15, 2024
Toyota engineers develop vehicle inspired by 'Pokemon' character
The vehicle will be on display at the Tokyo Midtown Hibiya complex for three days from March 15.
Aichi police assert that the duo also received approximately ¥5.9 million in kickbacks for the fraudulent practice from the company that it placed orders with.
JAPAN / Crime & Legal
Mar 13, 2024
Two former Toyota employees arrested on fraud charges
The employees allegedly defrauded the company out of ¥11.5 million ($78,000) by inflating expenses and placing questionable orders.
Earl Stewart, a Toyota dealer, says he was shocked when he first heard about Toyota’s strategy.
BUSINESS
Mar 13, 2024
Toyota’s hybrid-first strategy is delivering big profits
Toyota’s sales are booming, and the company is reporting huge profits.
Vehicles on display at a Toyota car dealership in Rio de Janeiro, Brazil
BUSINESS / Companies
Mar 6, 2024
Toyota ups its bet on hybrids in Brazil with $2.2 billion plan
The firm will expand production capacity in Latin America’s largest economy for models that use hybrid-flex fuel technology.
Daihatsu saw its sales fall by about 60% in January amid a scandal over fraudulent testing.
BUSINESS
Mar 1, 2024
Japan auto sales down almost 20% in February
The decline reflected the effects of certification test scandals, with new vehicle sales at Daihatsu down roughly 80% and those at Toyota down about 30%.
As part of his trip to the United States, Prime Minister Fumio Kishida is set to address the U.S. Congress.
JAPAN
Feb 28, 2024
Kishida considers visiting North Carolina during state visit to U.S.
The prospective visit to the state appears aimed at showcasing Toyota's contribution to job creation and investment in the U.S.
Toyota's domestic sales for January fell for the first time in 13 months as a data-rigging scandal at its small-car unit Daihatsu led to a production halt of some Toyota brand cars the unit made.
BUSINESS / Companies
Feb 28, 2024
Toyota Group sales lose steam amid fallout from test data scandals
Domestic sales for January fell for the first time in 13 months while worldwide production fell 3.8%, the first global decline in 13 months.
Toyota Industries President Koichi Ito (right) receives an operation correction order from transport ministry director-general Hirohisa Tsuruta at the transport ministry in Tokyo on Thursday.
BUSINESS / Companies
Feb 22, 2024
Japan transport ministry punishes Toyota affiliate over data-rigging
Despite the corrective order, the ministry said that it has not found any misconduct that warrants revoking approval for Toyota's automobile engines.
Nissan's Ariya electric crossover sport utility vehicle assembled by robots at the company's plant in Kaminokawa, Tochigi Prefecture
BUSINESS / Companies
Feb 19, 2024
Japan carmakers forge ahead with EV investments despite slowdown
Outside of Japan, signs of a scaling back are everywhere, with the exception of China.
Labor unions at Toyota and other carmakers are seeking record pay increases in this year's spring wage negotiations.
BUSINESS / Companies
Feb 15, 2024
Major auto firm unions request record pay hikes ahead of annual talks
Whether major automakers fully accept unions' demands for a second consecutive year is set to be in focus after the prime minister called for wage hikes.
Masahiro Inoue, incoming chief executive officer of Daihatsu Motor, during a news conference in Tokyo on Tuesday
BUSINESS / Companies
Feb 13, 2024
Toyota replaces Daihatsu chief after safety scandal
Masahiro Inoue, the CEO of Toyota Latin America, will replace Soichiro Okudaira effective March 1.

Longform

Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
The story isn't over for Japan's bookstores