Toyota seeks India sales increase with global-spec models
Toyota Motor will give India models with worldwide specifications, its local unit head told Reuters, as it seeks to improve sales in the world’s fifth largest automobile market by appealing to buyers’ significantly aspirational tastes. For the last 20 years, Japan’s most significant automaker has made cars particularly for India, however it has failed to
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Toyota sees U.S. new vehicles sales at 16.8 million units in 2018
Toyota Motor sees U.S. auto market new vehicle sales at 16.8 million units in this year, Jim Lentz, the automaker’s top executive in North America informed Reuters on Wednesday. U.S. new car sales dropped 2 percent in last year to around 17.23 million units, after striking a record high of 17.55 million units in 2016,
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Albama will be the site of Toyota, Mazda’s auto plant
Alabama will be the site of an upcoming $1.6 billion Toyota Motor and Mazda Motor auto plant, a success for President Donald Trump who had prodded manufacturers to construct new U.S. centers and threatened tariffs on foreign production, sources stated on Tuesday. The plant, which will use as much as 4,000 individuals and produce about
Former Toyota President Tatsuro Toyoda dies at 88
Former Toyota Motor President Tatsuro Toyoda, who assisted the Japanese automaker become an international commercial power in the early 1990s, passed away at the age of 88, the company stated on Saturday. The son of the company’s founder, Kiichiro Toyoda, he took a significant role in automaker’s worldwide growth throughout the 1980s and 1990s and
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Toyota to electrify whole vehicle lineup by 2025
Toyota is serious about cutting CO2 emissions Toyota has become the recent car giant to toss its whole weight behind electric vehicles, saying each Toyota or Lexus model will consist an electric option by 2025. The company took a lead on competitors 20 years ago with the launch of its Prius hybrid, which uses a
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Toyota to make more than 10 battery EV models in early 2020s
Toyota Motor on Monday stated it will market over 10 all-electric vehicle (EV) models worldwide in the early 2020s, investment to develop their batteries is likely to go beyond $13 billion (1.5 trillion yen) through 2030. Setting out EV sales goals, the world’s second-biggest automaker by sales after Volkswagen stated it needed to speed up
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Toyota, Panasonic thinking about joint development of EV batteries
Toyota Motor is thinking about making batteries for electric vehicles (EV) with Panasonic Corp, as it increases battery development to help fulfill its goal for green vehicles to comprise half of worldwide sales by 2030. The joint statement on Wednesday builds on an existing arrangement under which Panasonic – a global market leader for vehicle
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Toyota to decide on new U.S. plant location in early next year
Toyota Motor should decide by the first quarter of next area on an area for a new U.S. car assembly plant it will construct with Mazda Motor, the head of Toyota’s North American operations stated. “The final decision has not been made,” Jim Lentz, CEO of Toyota North America, informed Reuters in an interview in
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Automakers vow ethical minerals sourcing for electric vehicles
Leading automakers consisting of Volkswagen and Toyota vowed on Wednesday to support ethical and socially accountable standards in their purchases of minerals for an anticipated rise in electric vehicle production. Need for minerals such as cobalt, graphite and lithium is expected to skyrocket in the coming years as government works on reducing vehicle pollution and
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Toyota plans of selling locally developed electric vehicles in China
Toyota Motor stated it would consider selling regionally designed and produced all-electric automobile models in China, as it seeks to expand its EV lineup and adhere to Beijing’s upcoming new-energy vehicle (NEV) production and sales quotas. China has set strict quotas for electric and plug-in hybrid vehicles that enter into impact from 2019. It has
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Toyota forecasts for U.S. sales, yen increases to total profit
Toyota Motor upgraded its full-year operating profit forecast by 8 percent on expectations of a weaker yen however flagged a unfavorable outlook for North America, its biggest market, where quarterly sales was up to the most affordable in almost 3 years. Japan’s biggest automaker is having a hard time to sell more cars in North
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Toyota Mirai renews Hydrogen fuel-cell car push
Having invested heavily in hydrogen, a technology derided by Tesla CEO Elon Musk as “incredibly dumb”, Toyota Motor is making a renewed push for fuel cell cars to fill a role in a future controlled by electric battery vehicles. Japan’s biggest automaker thinks both technologies– all-electric battery cars like the Tesla Model X on one
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Brexit ‘fog’ must clear to secure UK plant, says Toyota
Toyota Motor requires clarity on the regards to Britain’s access to European Union markets after Brexit to secure production at its Burnaston plant in central England, it stated on Wednesday. The Japanese automaker’s remarks echo calls from companies in both Britain and abroad for the UK government to make development in talks on future relations
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Toyota Motor confirms it will downsize Mexico plant
Toyota Motor on Tuesday stated it will downsize investment in a planned plant in Mexico by 30 percent to $700 million and slash scheduled yearly capacity in half to 100,000 vehicles as it mixes its production plans to fulfill market demands. Toyota Executive Vice President Didier Leroy stated the decision was made to allow the
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Toyota is still committed to hydrogen cars
Toyota Motor stated its solid-state battery technology under advancement could be a “game changer” for electric vehicles, however that does not indicate it is moving away from hydrogen-powered fuel-cell vehicles. Having long promoted fuel-cell vehicles and plug-in hybrids as the most sensible technologies to make cars greener, Japan’s top-selling automaker shocked industry watchers in 2016
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