Toyota Motor said on Tuesday it expects profit to decline by 80% to its lowest in nine years, as Japan’s biggest automaker attempts to recover with the impact of the coronavirus which has led a significant decline in global demand for vehicles until now. The expected damage to Toyota’s bottom line shows upcoming experiences of […]
Toyota
Toyota to cut North American production by 29% through October
Toyota Motor prepares to cut production in North America by almost a third through October because of the coronavirus crisis and expects it will take some time for production to return to normal, a person knowledgeable with the matter said. Toyota will make about 800,000 vehicles, including its RAV4 SUV crossovers and Camry sedans, at […]
Volkswagen, Toyota delay U.S. production restart, citing supplier concerns
Volkswagen AG and Toyota Motor stated on Wednesday they will delay resuming U.S. production amid the coronavirus pandemic and concerns regarding the automotive supply network. VW stated it is indefinitely postponing the resumption of production at its Tennessee assembly plant that had been set to resume on May 3. Toyota stated it will postpone the […]
Toyota to gradually restart North America production from May 4
Toyota Motor stated on Thursday it expects to gradually restart North American production from May 4 and will impose significant new safety procedures after it stopped operations in March due to the coronavirus pandemic. The largest Japanese automaker stated it expects production will be reduced next month. The company added it is unclear when the […]
Japanese governor offers emergency loan to Toyota suppliers
As Toyota plans to almost halve production at Japanese factories, a local governor stated on Thursday he would offer 400 billion yen ($3.72 billion) in emergency loans for small and mid-size firms including Toyota’s suppliers. Toyota Motor’s headquarters are in Aichi Prefecture, at Toyota City, which was named following the company in the 1950s to […]
Toyota-backed Pony.ai to provide autonomous delivery service in California
Toyota-backed autonomous driving company Pony.ai stated Friday it would provide an autonomous delivery service to residents of Irvine, California, as demand for online orders has increased due to the lockdown led by COVID-19 coronavirus. About 90% of U.S. shoppers are under stay-at-home orders, and an increase in demand for package and grocery delivery has left […]
Toyota to cut production in Japan in May due to coronavirus
Toyota Motor on Wednesday said it will slash production of completed vehicles by 40 percent in Japan in May as demand continues to decline across the world because of the coronavirus crisis. The measures, which will slash production to 79,000 vehicles for the month, include suspending production on some days and decreasing shifts form two […]
Toyota suspends auto production in Brazil until June
Toyota Motor on Monday stated it was suspending auto production in its Brazil plants for until at least June 22, due to the increase of coronavirus. The automaker has joined General Motors (GM) with suspending automaker as GM also expects to restart production in the same month. Most automakers in Brazil, South America’s top auto […]
Toyota extends North American plant shutdown and stop paying temporary workers
Toyota Motor stated Wednesday it prepares to resume its North American auto plants on May 4, extending its existing shutdown by two additional weeks. The automaker mentioned the ongoing COVID-19 coronavirus pandemic and fall in vehicle demand to extend the halt of production at all of its automobile and components plants located in Canada, Mexico […]
Toyota suspends production indefinitely in Vietnam as country enters lockdown
Toyota Motor has halted auto production in Vietnam as the country enters lockdown. All cities in Vietnam stopped public gatherings and shut non-essential public services until April 15. Inbound flights have also been stopped and the number of domestic flights have also been decreased. According to the Vietnamese health ministry, Vietnam has a total of […]
Toyota North America collaborates to manufacture ventilators, respirators
The Toyota Motor North America (TMNA) is working together with medical device companies to accelerate the manufacture of ventilators, respirators and other important devices for hospitals to fight the spread of the coronavirus, the company stated. The automaker said it is collaborating to produce 3-D printed face shields and mass production will start early next week. It is […]
Toyota and Hino to jointly develop fuel cell truck
Toyota Motor on Monday has stated that it would develop a heavy-duty fuel-cell truck in collaboration with its subsidiary, Hino Motors. The automaker views hydrogen technology as a zero-emissions alternative to the battery power for big commercial automobiles. Toyota also stated the truck, based on Hino’s Profia model, would be geared up with dual fuel cell stacks developed […]
Toyota collaborate with Nippon for smart city project in Japan
Toyota Motor has partnered with Nippon Telegraph and Telephone (NTT) for establishing a capital tie-up to work together in smart city development in Japan, where autonomous vehicles will transport the civilians. The two companies have been collaborating on connected vehicles since 2017 that are geared up with advanced telecommunication systems since the same year. Under the […]
Toyota extends shutdown of North American plants to April 17
Toyota Motor stated it will extend a shutdown of all North American plants for two weeks because of the ongoing coronavirus pandemic and fall in vehicle demand. The automaker stated it will continue all assembly and component parts plants in Canada, Mexico and the United States shutdown through April 17. A number of U.S. states […]
Nissan, Honda, Toyota close more plants in Europe, Asia due to coronavirus
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 […]
