Tag - toyota

 
 

TOYOTA

Toyota is negotiating with local authorities and other parties involved to set up a wholly owned production plant in Shanghai in the wake of the Chinese government's foreign investment deregulation.
BUSINESS / Companies
Dec 24, 2024
Toyota eyes solo Lexus EV plant in Shanghai
The automaker, which currently ships Lexus models from Japan to China, intends to put the plant into production as early as around 2027.
Nissan CEO Makoto Uchida (left), Honda CEO Toshihiro Mibe (second from left) and Takao Kato, CEO of Mitsubishi Motors, hold a news conference on merger talks on Monday in Tokyo.
BUSINESS / Companies
Dec 23, 2024
Honda-Nissan megamerger in the works
Both carmakers are facing overcapacity and the need for huge investments related to electric-vehicle and self-driving technologies.
Nissan and Honda may be nearing a merger to address Nissan's struggles, forming a second major hub in Japan's auto industry to rival Toyota.
COMMENTARY / Japan
Dec 19, 2024
A Honda-Nissan merger is a slow-moving savior
Nissan is struggling — burning through cash and with billions of dollars of debt due in a little over a year.
Nissan President and CEO Makoto Uchida (left) and Honda President and CEO Toshihiro Mibe hold a news conference in Tokyo in March. Both automakers have been working together for months on a deal of some sort.
BUSINESS / Companies
Dec 18, 2024
Honda and Nissan might combine to form world’s No. 3 auto group
Mitsubishi, which has been working closely with Nissan since 2016, also might join the grouping.
Makoto Uchida (left), chief executive officer of Nissan Motor, and Toshihiro Mibe, chief executive officer of Honda Motor, attend a joint news conference in Tokyo in August.
BUSINESS / Companies
Dec 18, 2024
Nissan and Honda consider merger to take on world's biggest carmaker
Such a deal would create an automotive rival to Toyota and would effectively consolidate the Japanese auto industry into two camps.
Nissan Motor vehicles bound for shipment at the Nissan Oppama wharf in Yokosuka, Kanagawa Prefecture.
BUSINESS / Companies
Dec 3, 2024
Nissan is awash in outdated models as car buyers look elsewhere
While Japan’s other major carmakers take six months or more to ship a new vehicle, many of Nissan’s most popular models can be delivered within a month or two.
The largest corporate donors to the ruling LDP were Toyota Motor and Sumitomo Chemical, with ¥50 million each.
JAPAN / Politics
Nov 30, 2024
LDP received ¥2.4 billion in corporate donations in 2023
The figure is down 1.9% from the previous year, the first decline in three years, according to political funds records released Friday.
Toyota's global sales, including that of subsidiaries Daihatsu Motor and Hino Motors, rose 0.4% in October compared with last year, the first uptick in three months.
BUSINESS / Companies
Nov 28, 2024
Toyota’s sales and output plateau on downturn in Japan and China
The world’s biggest carmaker has seen sales and output fall throughout the year as Japanese carmakers struggle to compete in China.
Thierry Neuville and his co-driver, Martijn Wydaeghe, drive their Hyundai during Rally Japan, the final event of the World Rally Championships, in Ena, Gifu Prefecture, on Saturday.
MORE SPORTS / Auto Racing
Nov 24, 2024
Neuville wins world title after Tanak crashes at Rally Japan
Tanak went off the road near the end of the opening stage on the final day, meaning he could not catch championship leader Neuville in the overall standings.
Nissan CEO Makoto Uchida
BUSINESS / Companies
Nov 22, 2024
Nissan’s overly ambitious goals fuel investor and supplier distrust
Nissan’s latest outlook downgrade has shined a light on the Japanese carmaker’s tendency to overpromise and underdeliver.
Hyundai's Thierry Neuville and co-driver Martijn Wydaeghe compete during an event in Finland last year.
MORE SPORTS
Nov 21, 2024
'Sport will have the last word' as World Rally title goes down to the wire in Japan
The only certainty about this year's World Rally Championship is that a Hyundai driver will take the title.
A Toyota Motor Lexus LF-ZC electric concept vehicle at the Beijing Auto Show in April
BUSINESS
Nov 11, 2024
Toyota aims to ramp up China production in a strategy pivot
The plan represents a strategic pivot by the world's top selling automaker in the world's largest car market.
Toyota North America COO Jack Hollis said sales of all-electric vehicle should grow organically, without rules penalizing gas-powered car sales.
BUSINESS / Companies
Nov 11, 2024
Toyota executive lashes out at U.S. regulations promoting EV sales
The carmaker's North America COO, Jack Hollis, described them as "de facto mandates” out of sync with consumer demand.
A Toyota Motor car dealership in Mexico City in 2017
BUSINESS / Companies
Nov 10, 2024
Toyota to invest $1.45 billion in Mexico
The automaker will spend the money on production of next-generation models, including a hybrid version of the Tacoma pickup truck.
Toyota posted its first quarterly profit drop in two years, as slowing sales and production volume stalled the world's top-selling automaker's recent record run.
BUSINESS / Companies
Nov 6, 2024
Toyota keeps profit outlook despite weakness in Japan and China
The carmaker showed signs of recovery from domestic scandals in Japan and major recalls in the United States.
Toyota is expected to report a 14% year-on-year operating profit decline in July-September, to ¥1.2 trillion ($7.9 billion), according to an average estimate by analysts.
BUSINESS / Companies
Nov 5, 2024
Toyota to post first profit drop in 2 years as demand cools after big run
Toyota is expected to report a 14% year-on-year operating profit decline in July-September, to ¥1.2 trillion ($7.9 billion), according to an average estimate by analysts.
Republican Presidential Nominee Donald Trump
BUSINESS / Markets
Oct 31, 2024
Trump factor bringing uncertainty to Asian firms' U.S. investment outlook
The former president has criticized the Inflation Reduction Act as a "scam” and the CHIPS and Science Act as a bad deal.
Maruti Suzuki, which is majority-owned by Suzuki Motor, will begin production of a new EV from spring 2025 at its plant in the western Indian state of Gujarat.
BUSINESS / Companies
Oct 30, 2024
Toyota to get Suzuki's first-ever EV as partnership expands
Maruti Suzuki, which is majority-owned by Suzuki, will begin production of the EV from spring 2025 in Gujarat, India.
Toyota's worldwide production fell for an eighth straight month in September, as both sales and output declined in its two biggest markets, the United States and China.
BUSINESS / Companies
Oct 30, 2024
Toyota sales fall in Japan and China, as hybrid demand grows in U.S.
Toyota’s sales in Japan shrank nearly 17% this year between January and September.
Toyota Motor and Nippon Telegraph and Telephone will spend ¥500 billion together on a project to develop the traffic accident prevention technology, and aim to commercialize it in 2028.
BUSINESS / Companies
Oct 29, 2024
Toyota and NTT to jointly develop driver assistance technology that uses AI
The ¥500 billion project will use artificial inteligence and optical communication infrastructure, aiming to commercialize by 2028.

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