Japanese automakers on Wednesday stated they would temporarily stop more vehicle plants in Europe and Asia as coronavirus continues to spread and prompts countries to instruct non-essential businesses to postpone operations. An increasing number of global automakers have been closing plants in Europe and beyond as the COVID-19 outbreak is leading governments to impose commuting […]
Toyota
Toyota names Kenta Kon as new finance chief officer
Toyota Motor has named Kenta Kon as its next chief financial officer on Tuesday and stated it would scrap executive vice president (EVP) roles as part of a drive to reorganize the company’s structure, enhance production systems and cut costs. Kon, who is presently chief accounting officer, will take on the automaker’s No. 2 position […]
Toyota plans spending $1.2 billion in EV plant in Tianjin with FAW
Japanese automaker Toyota prepares to build a new electric vehicle plant in the Tianjin, China with its regional partner FAW Group, a document from the local officials showed. The joint venture between Toyota and FAW prepares to invest around 8.5 billion yuan ($1.22 billion) in the concerning car plant in Tianjin, according to a document […]
Japan plants may be affected by virus-related supply issues, says Toyota
Toyota Motor on Wednesday stated that operations at its plants in Japan may be impacted by supply chain issues associated to the new coronavirus outbreak in the coming weeks, as the worldwide outbreak gathers pace. The automaker, which operates 16 vehicle and parts sites in Japan, stated that it would decide on how to continue […]
Toyota plans partial restart at all four China plants
Toyota Motor stated on Friday it prepared for all four of its vehicle assembly plants in China to be in operation from this week after weeks of stoppages due to the coronavirus outbreak, although output at some plants would be limited. The Japanese automaker stated that production at its vehicle assembly plant located in Chengdu, […]
Toyota and Lexus recall cars for replacing engines
More than 44,000 cars and SUVs from the 2019 and 2020 model years are going to be recalled due to possible issues with overheating, stalling, or even catching fire. Affected vehicles consists of 2020 Toyota Camry, Toyota Camry Hybrid, Toyota Avalon Hybrid, and Lexus ES300h sedans, and 2019-2020 Toyota RAV4 and RAV4 Hybrid SUVs. The […]
Toyota to restart China output at three plants next week
Toyota Motor stated on Saturday it plans to restart output at three of its four major auto plants in China next week. The resumption of production had at first been slated for February 3 after the Chinese Lunar New Year holidays, but was delayed due to the new coronavirus outbreak in China. Operations at Toyota’s […]
Toyota increase annual forecast on cost cuts, ideal sales
Japan’s leading automaker Toyota raised its yearly forecast Thursday following cost cuts and healthy sales quadrupled quarterly profits from the earlier year. As with other companies that have operations in China, the risk of coronavirus remains. Toyota Motor has stopped production at all its 12 plants in China, including four vehicle assembly plants. The closure […]
Toyota plans to make 100,000 pickups annually at new Mexican plant
Toyota Motor will increase production at its new Mexican plant to 100,000 vehicles annually by 2021, marking a major step to move production of its popular Tacoma pickup truck to Mexico from the United States, the company stated on Thursday. The plant located in the central state of Guanajuato, along with an older property near […]
Toyota union to seek smaller pay increase in 2020 compared to last year
Toyota Motor’s labor union prepares to seek an average pay increase of 10,100 yen ($91.98) per month in wage negotiations this year, public broadcaster NHK reported on Thursday. The demand for a pay increase is 600 yen less than the increase granted last year. The smaller request by the corporate bellwether could be a setback […]
Toyota to recall 3.4 million vehicles worldwide due to air bags concerns
Toyota Motor stated on Tuesday it is set to recall 3.4 million vehicles worldwide as an electronic defect that can result in air bags not deploying in accidents. The recall, which concerns 2.9 million U.S. vehicles, covers 2011-2019 Corolla, 2011-2013 Matrix, 2012-2018 Avalon and 2013-2018 Avalon Hybrid vehicles and is connected to a reported fatal […]
Toyota finishes $1.3 billion modernization project in Indiana factory
Toyota Motor stated on Friday it spent an additional $700 million and added 150 new jobs to finish a $1.3 billion modernization program at its Princeton, Indiana factory. The investment is part of a broader plan from the automaker to invest $13 billion in its U.S. operations for five years through 2021. Along with $1.3 […]
Toyota to shift Tacoma truck production to Mexico from U.S.
Toyota Motor stated on Friday it will shift production of its mid-size Tacoma pick-up truck from the United States to Mexico as it modifies production around North America. The automaker also stated it will put an end to the production of the Toyota Sequoia in Indiana by 2022 as that center focuses on mid-size SUVs […]
China fines Toyota $12 million over Lexus price-fixing
China’s market regulator fined Toyota Motor 87.6 million yuan ($12.5 million) on Friday for price-fixing on its premium Lexus cars in eastern Jiangsu province, according to a report on its website. The decision comes as the country steps up strict regulations over auto sales in the world’s biggest car market, where over 28 million cars […]
Toyota reveals an upgraded version of its humanoid robot
Toyota Motor has revealed an upgraded version of its human-shaped T-HR3 robot. The robot, controlled remotely by an individual wearing a headset and wiring on his or her arms and hands, now has quicker and smoother finger movements as the controlling device is lighter and easier to use. Such a robot could, in the future, […]
