Tag: toyota
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Toyota to build $3.6 billion Texas plant, shift some truck production from Mexico
WASHINGTON, July 6 : Toyota Motor Corp said on Monday it will build a new $3.6 billion auto plant in Texas and shift some truck production to the United States from Mexico.The Japanese automaker said the new 2.5-million-square-foot building will be located on its San Antonio manufacturing campus and will open
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Toyota and Daimler to cut Archion stakes, selling shares worth up to $1.87 billion, Nikkei says
TOKYO, July 3 : Toyota Motor and Daimler Truck will reduce their stakes in truckmaker Archion this month, selling shares worth 200 billion to 300 billion yen ($1.24 billion to $1.87 billion), the Nikkei daily business reported on Friday.Toyota and Daimler will offer approximately 900 million shares, or about
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Toyota US second-quarter sales up 1%
July 1 : Japan’s Toyota reported a 1.1 per cent rise in U.S. sales during the second quarter, helped by demand from its hybrid models and affordable cars. The automaker reported sales of 673,971 units, compared with 666,469 units a year ago.
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Joby, Toyota announce joint venture for air taxi production
June 30 : Joby Aviation and Toyota Motor announced a joint venture on Tuesday to produce the air taxi maker’s S4 series, as it looks to secure government approval to deploy its commercial electric vertical takeoff and landing aircraft.Air taxi firms such as Joby are competing to secure approvals and commercia
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Chinese EV makers are reshaping the auto industry. Can legacy brands catch up?
As Chinese EV manufacturers expand worldwide, legacy automakers face growing pressure to compete on technology, scale and cost.
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Toyota shareholders back Toyoda as chairman and new CEO Kon at annual meeting
TOYOTA CITY, Japan, June 17 : Toyota Motor shareholders re-elected Akio Toyoda as chairman and backed new CEO Kenta Kon as a board member on Tuesday, endorsing the automaker’s leadership at the first annual meeting held during Kon’s tenure.Shareholders also approved the re-election of four other directors.
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Toyota win Le Mans 24 Hours
June 14 : Toyota won the 24 Hours of Le Mans on Sunday after a Hypercar battle with BMW and Cadillac in the 94th edition of the race.BMW had started from pole position and Cadillac led into the final quarter but Toyota, whose last overall win came in 2022, were first to the chequered flag…
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