Toyota Motor will provide free access to its hybrid-vehicle patents through 2030, it stated on Wednesday, looking to expand use of the lower-emission technology even as the worldwide industry shifts toward completely electric cars. Toyota stated it would grant licenses on almost 24,000 patents on technologies used in its Prius, the first mass-produced “green” car […]
Toyota
Honda and Hino join SoftBank and Toyota mobility venture
Japanese automakers Honda and Hino are teaming up for a partnership between SoftBank and Toyota for mobility advantages including self-driving cars. SoftBank Corp. and Toyota Motor announced a joint venture for mobility services in 2018, in what they called a “united Japan” effort to deal with the worldwide competition. Honda Motor, Toyota’s competitor, and Hino […]
Toyota sees slower sales in South America, Caribbean
Toyota Motor expects its sales in South America and the Caribbean to increase 0.9 percent in 2019 compared with 2018, Celso Simomura, vice president of Toyota’s Brazil operation, stated on Tuesday. He stated Toyota expected to sell 445,000 vehicles throughout the region in 2019, up from 441,000 in 2018. Simomura added that growth had been […]
Toyota and a space agency to develop a 6-wheeled moon rover
Japanese automaker Toyota Motor is forging ahead with strategies to tackle extraterrestrial terrain. The Japanese automaker announced their plans on March 12 to work with Japan’s space agency to develop the moon rover of the future – a fuel-cell powered behemoth that allows astronauts to live inside it without using space suits. Fuel cells utilize […]
Toyota investing $749 million in five U.S. plants
Toyota Motor stated on Thursday it is going to invest $749 million in five U.S. plants and add 586 jobs as it increases engine production capacity and adds new hybrid models to its lineup. President Donald Trump has prodded Japanese automakers to bring more jobs in the United States as the White House has threatened […]
Toyota and Japan space agency will cooperate to develop moon rover
Toyota Motor and Japan’s space agency stated on Tuesday they had agreed to work together in developing a manned lunar rover that operates on fuel cell technologies. Although Japan has no plan at present to make a manned rocket that could send humans into space, the rover could be a significant contribution to an international […]
Toyota Launches New Doorstep Car Service Program In India
Toyota has started the service in remote locations before moving to bigger cities Toyota Kirloskar Motor has started a new doorstep maintenance service- ‘Service Express’ which is mainly intended at providing periodic service (Minor, Medium and Major) at remote locations where car owners have to travel long distances to find a dealership. The periodic maintenance […]
China sales marks Toyota’s profit while U.S. weakness continues
Toyota Motor’s quarterly profit edged up as demand for its car models from cost-conscious Chinese customers helped offset bleak North American sales, although the company’s shares slipped as it cut its yearly net income outlook. The automaker attributed the smaller forecast to unrealised losses from equity investments, but, in a sign that business was still […]
Toyota reports drop in U.S. auto sales in January
Toyota Motor has reported a 6.6 percent decline in U.S. vehicle sales for January, damaged by lower demand for its Camry and Prius cars. The third largest automaker in the United States by sales stated it sold 156,021 vehicles in January, down from 167,056 vehicles 2018. Camry sales dropped 3.4 percent, while Prius sales slumped […]
Toyota Motor aims to increase sales in China by 8 percent this year
Toyota Motor aims to increase vehicle sales in China by 8 percent to 1.6 million this year, the Japanese automaker stated on Friday. Toyota sold 1.47 million vehicles in China in 2018, increased 14.3 percent from 2017. Automaker’s forecast comes at a time when automakers in China in general are preparing for a difficult year […]
Toyota, Panasonic to expand electric vehicle push
Toyota Motor and Panasonic Corp are starting a joint venture next year to make electric vehicle (EV) batteries, leveraging the heft of one of the world’s largest automakers and battery makers to boost their EV push. Toyota will own 51 percent of the joint venture, and Panasonic the rest, the two companies stated in a […]
Toyota recalls 1.7 million vehicles over air bag inflators
Toyota Motor stated Wednesday it is recalling another 1.7 million vehicles globally for potentially defective Takata air bag inflators as part of a multi-year industry recall campaign declared in 2016. Automakers are including about 10 million vehicle inflators in the United States to what is already known as the largest-ever recall campaign in history. Last […]
Toyota makes progress in replacing Takata airbags in 65,000 vehicles
Toyota Motor stated on Wednesday it is advancing by a year plans to replace Takata airbags in about 65,000 Toyota and Lexus vehicles in the United States it had previously replaced. The Japanese automaker’s U.S. subsidiary stated the recall is being declared a year ahead of the December 2019 timeline and would involve replacing Takata […]
Toyota Motor to restructure management structure
Toyota Motor stated on Friday it would restructure its management executive ranks, consisting hiring new people and shuffling present roles throughout the company. As part of the modifications, Chris Reynolds is going to be the chief administrative officer for North America operations and right now is the executive vice president of the North America unit. […]
Toyota to buy out PSA Group’s stake in joint Czech factory
Toyota is ready to buy out PSA Group’s stake in a jointly-managed Czech Republic factory specializing in the production of small vehicles, the companies stated on Friday. The French firm will also provide another model of compact van for its Japanese partner from its Vigo plant located in Spain as of 2019, they added. Toyota […]
