Tag - toyota

 
 

TOYOTA

Toyota Industries holds its shareholders meeting in Takahama, Aichi Prefecture, on Tuesday.
BUSINESS / Companies
Jun 11, 2024
Scandals and profitability in focus as Japan firms hold shareholders meetings
The strong interest in compliance follows a string of testing fraud scandals at automakers, while the focus on profitability has led to a flurry of shareholder proposals.
Akio Toyoda, chairman of Toyota Motor, bows during a news conference in Tokyo on Monday.
BUSINESS / Companies
Jun 8, 2024
Shareholder votes in focus as big Japan banks sell Toyota shares
The potential exit of key stakeholders may lead to less stability and predictability for boards and management of listed companies across Japan.
Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group will sell their Toyota shareholdings over an extended period of time lasting a few years, sources said.
BUSINESS / Companies
Jun 7, 2024
Two of Japan's top banks to divest ¥1.3 trillion in Toyota shareholdings
Mitsubishi UFJ and Sumitomo Mitsui will sell in stages and take advantage of Toyota’s plan to buy back its own shares.
Toyota Chairman Akio Toyoda bows at a news conference in Tokyo on Monday, the day the automaker said it had suspended domestic shipments of three car models after falling foul of government certification rules.
COMMENTARY
Jun 6, 2024
Why Toyota's so-called safety scandal is a 'nothingburger'
Unlike the Volkswagen Dieselgate scandal, there have been no recalls, and Japanese vehicles have passed retests without issues.
Toyota has temporarily stopped manufacturing its Corolla Fielder and Corolla Axio models following the data falsification scandal.
BUSINESS / Companies
Jun 6, 2024
Japan looks to minimize economic fallout of auto-test falsifications
The top government spokesman has described fraudulent activity uncovered this time as "minimal" compared to that of Daihatsu, which spanned decades.
Officials from the transport ministry arrive for an inspection at Toyota headquarters in the city of Toyota, Aichi Prefecture, on Tuesday.
BUSINESS / Companies
Jun 5, 2024
Toyota car certification probe prompts calls for rules review
Despite revisions since the standards were enacted in 1951, regulations haven’t kept up with the times, an analyst wrote in a report.
Transport ministry officials head to Toyota's headquarters in Aichi Prefecture on Tuesday for on-site inspections.
BUSINESS / Companies
Jun 4, 2024
Auto certification in spotlight as Toyota raided over data tampering
Questions have emerged over whether Japan's regulatory standards and their subjective interpretation might be hindering automakers.
Toyota Motor Chairman Akio Toyoda apologizes during a news conference in Tokyo on Monday.
BUSINESS / Companies
Jun 3, 2024
Japan's auto-testing scandal deepens, resulting in some shipment halts
Toyota and four other Japanese automakers have admitted to falsifying testing data and performing tests under inappropriate conditions, among other infractions.
Toyota's global sales, including those of subsidiaries Daihatsu and Hino, fell 4.5% last month from a year earlier to 835,788 vehicles.
BUSINESS
May 30, 2024
Toyota sales and output fall on Prius recall and dip in China
Global sales, including those of subsidiaries Daihatsu Motor and Hino Motors, fell 4.5% last month from a year earlier.
Toyota Chairman Akio Toyoda during a news conference in Nagoya in January
BUSINESS / Companies
May 29, 2024
Toyota investors urged to vote against founding family chair
The recommendations come ahead of Toyota’s annual shareholders meeting scheduled for June 18 at its headquarters in the city of Toyota in Aichi Prefecture.
Hiroki Nakajima, Toyota's chief technology officer, speaks during a news conference in Tokyo on Tuesday.
BUSINESS / Companies
May 29, 2024
Toyota bets on alternate-fuel engines in an electric future
The carmaker said its making progress on developing smaller, more efficient engines that can work with EV manufacturing platforms.
Toyota, Idemitsu Kosan, Eneos and Mitsubishi Heavy Industries said they have teamed up to research carbon-neutral fuels for automobiles.
BUSINESS
May 28, 2024
Toyota and partners launch joint study on carbon-neutral fuels
Toyota will also independently develop engines that can use e-fuels efficiently
Strong sales of Prius hybrids are delivering a cash boost for Toyota to invest in fully-electric cars.
BUSINESS / Companies
May 16, 2024
Hybrids delivering cash chest for Toyota and Honda’s EV ambitions
With the shift to battery-electric vehicles clearly taking much longer than anticipated, consumers are voting for hybrids with their wallets.
Toyota CEO Koji Sato says the company plans to expand AI-related investments, and this year will focus on building a strong foundation for software-defined vehicles.
BUSINESS / Companies
May 14, 2024
Japan’s carmakers look to China tech to claw back market share
With no signs of demand slowing for Chinese EVs, Japanese carmakers are looking to adapt their strategies to win over the world’s biggest auto market.
Major Japanese companies are increasing ventures in the United States, with Toyota investing $13.9 billion in North Carolina alone.
COMMENTARY / Japan
May 13, 2024
Japan’s gamble to hedge against U.S. political risks
As Japanese companies increasingly invest in U.S. states like North Carolina, friend-shoring ensures economic resilience in the face of political change.
Toyota said its group net profit in the fiscal year that ended in March nearly doubled from the previous year to hit a record high, due to robust sales of hybrid vehicles.
BUSINESS / Companies
May 8, 2024
Toyota posts record net profit on weak yen and strong hybrid sales
The carmaker saw a 31% jump in sales of hybrid vehicles, bringing the total to 3.7 million, while sales of purely electric cars were 116,500.
Workers head to Daihatsu Motor's plant at its headquarters in Ikeda, Osaka Prefecture, on Tuesday.
BUSINESS
May 7, 2024
Daihatsu resumes production at all plants
All of Daihatsu's four finished vehicle assembly plants in Japan are back online for the first time in about four months.
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.

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