Toyota CEO Akio Toyoda vowed Friday that the Japanese auto industry would seek to protect jobs globally as it deals with the coronavirus pandemic. Toyoda, speaking as head of the Japan Automobile Manufacturers Association, stated he was concerned that the Japanese economy might be destroyed before the world can win the fight against COVID-19 coronavirus. “If our hospitals get overloaded […]
Akio Toyoda
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 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 […]
Japan auto lobby dismayed as Trump declares some imports security threat
Japan’s automakers’ lobby stated on Tuesday that it was dismayed by the US President Donald Trump’s declaration that some imported vehicles and parts posed a threat to U.S. national security, as the industry braces for a potential increase in U.S. tariffs. Trump made the unprecedented designation of foreign automobiles on Friday but delayed for up […]
Toyota and Mazda to built $1.6 billion plant for Huntsville, Alabama
Toyota Motor and Mazda Motor stated on Wednesday they will construct a $1.6 billion joint assembly plant in Alabama that will hire approximately 4,000 employees, a boost for President Donald Trump, who wants auto companies to broaden U.S. production. Toyota CEO Akio Toyoda and Mazda CEO Masamichi Kogai joined Alabama Governor Kay Ivey in Montgomery […]
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 […]
Toyota to continue to making variety of vehicle types
Toyota Motor President Akio Toyoda on Tuesday stated the company would continue to make a range of vehicle types offered to customers, even as tighter worldwide regulations are prompting automakers to establish more electric vehicles. “EVs (electric vehicles) remain in focus at the moment however customers and the market will eventually choose which powertrains will […]
Toyota may think about acquisitions to gain more technologies, says CEO
Toyota Motor may think about mergers or acquisitions to obtain brand-new vehicle technologies, including self-driving, the company’s CEO stated on Wednesday, including that it had to contend more strongly against its competitors. During a annual shareholders meeting CEO Akio Toyoda stated the automaker, which took longer to warm to self-driving automobiles and electric vehicles (EVs) […]
China regulations force Toyota into electric U-turn
The automobile market’s apparently inexorable drive to electric vehicles – and particularly Chinese polices promoting new energy vehicles – has forced Toyota Motor, the world’s 2nd largest automaker by sales, into what one executive regards as “agonizing” strategy U-turn. Till recently, Toyota was among the industry’s major hold-outs versus complete electrification, and prepared to basically […]
Toyota a Japanese brand, but also a U.S. producer, says CEO Akio Toyoda
Toyota Motor CEO Akio Toyoda stated his company had increased its U.S. production in the last 3 decades, and that the Japanese brand must be also be considered as a U.S. producer. Toyoda’s remark comes as international automakers deal with pressure from U.S. President Donald Trump, who has demanded that more cars sold in the […]
Toyota’s CEO Akio Toyoda met Mike Pence in Washington
Toyota Motor on Thursday stated that company CEO Akio Toyoda consulted with U.S. Vice President-elect Mike Pence in Washington this week as the inbound U.S. administration pressures car manufacturers to develop more vehicles in the U.S. A Toyota spokesperson stated that Toyoda met Pence on Tuesday, a day after the Japanese automaker informed it would […]
Japan responds Donald Trump’s comments on Mexico car plant
Japan’s finance minister has been watching Toyota’s defense after the automaker was criticized for its Mexican development strategies by the United States president elect Donald Trump. Toyota, the world’s most significant vehicle producer, is constructing a new factory in Guanajuato, in main Mexico, which will produce a Corolla model that is presently developed in Mississippi […]
Toyota chief shifts gear, to enhance electric vehicle division
Toyota Motor on Wednesday selected its president to head their recently formed electrical vehicle department, flagging its dedication to establish a technology that the car manufacturer has been slow to embrace. The modification comes as the United States, China and European nations are motivating automakers to make more all-electric battery cars as they push alternative […]
Toyota and Suzuki explore technology collaboration
Japan’s Toyota and Suzuki said they intend to explore a possible partnership, pointing out technical obstacles and the demand to keep up with consolidation in the worldwide vehicle sector. Toyota invests greatly in research and development (R&D) for automated driving features as well as artificial intelligence for mobility objectives while cost-conscious Suzuki, which concentrates on […]
