Toyota makes new $394 million bet on flying taxis

Business Jan 16, 2020

Toyota makes new $394 million bet on flying taxis

Toyota Motor Co. is investing $394 million (¥43.3 billion) in Joby Aviation, one of a handful of companies working toward the seemingly implausible goal of making electric air taxis that shuttle people over gridlocked highways and city streets. Toyota is the lead investor in Joby's ...

800  custom race cars displayed at event in Chiba Prefecture

Business Jan 11, 2020

800 custom race cars displayed at event in Chiba Prefecture

Automakers and auto parts manufacturers from Japan and abroad displayed some 800 custom and race cars at an auto show near Tokyo on Saturday. At the Tokyo Auto Salon 2020 in at Makuhari Messe in Chiba Prefecture, which opened to the public for a two-day ...

New car sales in 2019 fell on natural disasters and tax hike

Business Jan 6, 2020

New car sales in 2019 fell on natural disasters and tax hike

New car sales fell 1.5 percent to 5.2 million units in 2019, the first decline in three years, thanks to sluggish demand following a series of natural disasters and the consumption tax hike. Sales excluding those of minicars dropped 1.9 percent for the second straight ...

Toyota's 2020 forecast edges it closer to Volkswagen

Business / Corporate Dec 17, 2019

Toyota's 2020 forecast edges it closer to Volkswagen

Toyota Motor Corp. said Tuesday its group plans to sell 10.77 million vehicles worldwide in 2020, slightly up from 10.72 million vehicles estimated for this year, nudging it closer to No. 1 automaker Volkswagen AG. The figure would mark an all-time high for the fourth ...

Japanese hybrids beating slump in China's car market

Business / Corporate Dec 11, 2019

Japanese hybrids beating slump in China's car market

by Tian Ying

China's once-in-a-generation car slump is hobbling carmakers around the globe that placed their bets on what is the world's biggest auto market. But one group is weathering the slowdown unscathed: Japanese automakers. Iconic car companies like Toyota Motor Corp. and Honda Motor Co. are increasing ...