NEWSWORTHY
Toyota and Mazda break ground on $1.6 billion plant in American South
Toyota Motor Corp. and Mazda Motor Corp. said Friday they have started building a new $1.6 billion plant in Huntsville, Alabama, with an eye to starting operations in 2021 and creating up to 4,000 jobs. The new factory will have the capacity to produce 300,000 ...
Toyota quarterly profit rises on growing sales and cost cuts
Toyota Motor Corp. reported a 28 percent surge in the last quarter on growing sales in Europe, Asia and the Americas and cost cutting. It raised its profit forecast for the full year. The top Japanese automaker said Tuesday that its July-September profit totaled ¥585.1 ...
Toyota Motor Corp. is considering trials using autonomous vehicles to transport residents and deliver food in central Japan by the late 2020s as it focuses on new mobility services using self-driving technology, company sources said Friday. Toyota will likely carry out the trial on the ...
Stocks staged a sharp rebound on the Tokyo Stock Exchange on Tuesday, boosted by repurchases after the recent tumble. The 225-issue Nikkei average soared 307.49 points, or 1.45 percent, to end at 21,457.29, after shedding 34.80 points on Monday. The Topix index of all first-section issues ...
Eight Japan firms listed in best global brand report; Apple holds top spot
Toyota Motor Corp. and seven other Japanese firms have made it into a 2018 global brand ranking while Apple Inc., based in the United States, maintained its top spot for the sixth straight year. The report is the first since 2007 to include eight Japanese ...
Uber targets valuation of over $100 billion with much-anticipated IPO, sources say
Uber Technologies Inc. is eyeing a valuation above $100 billion for its much-anticipated share offering due in 2019, which would be the biggest-ever in the tech sector, sources familiar with the plan said Tuesday. The sources said the global ride-hailing giant is considering speeding up ...
Toyota and Line to offer voice-controlled AI navigation next summer
Toyota Motor Corp. and messaging app provider Line Corp. said Monday they will offer an artificial intelligence platform featuring voice commands for navigation services in Toyota cars in Japan by next summer. The services will use Line's Clova (Cloud Virtual Assistant) Auto system, a cloud-based ...
Hokkaido industries still struggling following quake-triggered blackout
Key industries in Hokkaido are still struggling with secondary damage from the massive blackout triggered by the powerful earthquake a month ago. The power outage even forced factories far away from the seismic center of the 6.7 magnitude earthquake to suspend operations. Food and beverage factories ...
Toyota and SoftBank to integrate mobility and AI in new venture
The two industry titans said they are setting up a new joint venture to develop autonomous driving technologies and other on-demand services.
Honda teams with GM's Cruise start-up to develop autonomous vehicles
Honda Motor Co. has joined forces with General Motors Co.'s tech start-up Cruise to develop autonomous vehicles, as the race to market self-driving cars heats up, the companies announced Wednesday. Honda's investment promises broader market access for the new cars once they are ready for ...
Eyeing Brexit cliff edge, Japan waves goodbye to U.K. as 'gateway to Europe'
After a February meeting between U.K. Prime Minister Theresa May and 19 Japanese business chiefs, Tokyo's ambassador to Britain warned what might happen if Brexit took an unfavorable turn for foreign investors. "No private company can continue operations" in the U.K. if it becomes unprofitable, ...
Toyota official says no Brexit deal could temporarily shut English factory
Toyota Motor Corp. anticipates halting production at its Midlands U.K. factory in the event Britain leaves the European Union without a deal, the plants managing director, Marvin Cooke, told the BBC. The Japanese company operates the Burnaston car plant that produced 150,000 vehicles last year, ...
