Tag: toyota
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Analysis:Toyota and Honda may get stuck with the bill for Trump’s Canada tariffs
TOKYO, Aug 31 : U.S. President Donald Trump is targeting Ottawa with a proposed 50 per cent tariff on Canadian car imports — but Japan’s Toyota and Honda may end up footing the bill.The two Japanese automakers account for more than three-quarters of all cars made in Canada. They could be forced to shutter
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Toyota ex-chief Okuda, pioneer of the Prius, dead at 93
TOKYO: Former Toyota head Hiroshi Okuda, credited with championing the pioneering Prius hybrid and turning the Japanese automaker into a global titan, has died aged 93, the firm said on Wednesday (Aug 12).Okuda took the reins of the struggling firm in 1995 as the first person from outside the founding family
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Toyota to recall over 508,000 US vehicles over instrument cluster display issues
Aug 11 : Toyota is recalling 508,354 vehicles in the U.S. as an instrument cluster that fails to display critical safety information increases the risk of a crash or injury, the National Highway Traffic Safety Administration said on Tuesday. Here are some details:• The recall includes certain 2025-2
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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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