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Toyota to invest US$2.2bn in Brazil
The automaker will beef up production of hybrid vehicles.
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Nissan plans self-driving taxi service in Japan
It has been testing self-driving mobility services since 2017. -
Toyota’s Daihatsu resumes domestic production
It will make the Probox van and Mazda-branded Familia van. -
Toyota expects to book profit of US$30bn
Its third-quarter net profit jumped to US$7 billion. -
Toyota sells record number of vehicles in 2023
It is the world's top automaker for the fourth year in a row. -
Toyota to suspend shipments of 10 models due to testing irregularities
Tokyo, Japan - Toyota said Monday it was suspending shipments of 10 models that use engines linked with testing irregularities at an affiliate company. The affiliate, Toyota Industries, did not conduct proper horsepower output testing for the certification of three diesel engine models, the parent group said. The automaker said the... -
Toyota’s Daihatsu suspends all domestic production
The company said it had been manipulating safety tests since at least 1989, affecting 64 models, including some sold under the Toyota brand which also are being suspended. In April it said it had been falsifying crash test results for four of its models, involving a total of 88,000 vehicles... -
Toyota hikes annual profit forecast
The company plans a $13.9bn investment in a battery plant. -
Toyota factories across Japan hit by massive glitch
The news of system glitch sent Toyota's stocks into the red, trading 0.64 percent lower at 2,421.0 yen. But the shock selling seemed to have slowed before the midday break in Tokyo markets. -
Toyota posts bumper Q1 net profit
The automaker's profit surged 78 percent to US$9.1 billion. -
Hyundai targets two million EV sales by 2030
SEOUL, SOUTH KOREA - Hyundai Motor said on Tuesday it aims to sell two million electric vehicles a year by 2030, raising its target from the 1.87 million it set last year as the market for clean-energy vehicles continues to soar. It also announced plans to invest a total of 109.4 trillion... -
Toyota stays top automaker
It retained lead over the rival Volkswagen for the third year. -
Toyota leaves net profit forecast unchanged despite production woes
Tokyo, Japan— Toyota kept its annual net profit forecast unchanged on Tuesday, as the weaker yen offsets supply-chain disruptions that have forced the Japanese car giant to slash production targets. The world's top-selling automaker said it now expects to sell half a million fewer vehicles in the current financial year because... -
Thai SC dismisses Toyota appeal
The court dismisses appeal over $270m import tax bill. -
Toyota to spend $5.3 bn expanding Japan, US battery output
Part of the cash is included in a huge two-trillion budget for the development and production of auto batteries that was announced by the Japanese giant in December, a spokesman told AFP. Automakers are speeding up the transition to electric as pressure grows from governments to move away from cars... -
Toyota posts record net profit
The growth was helped by strong sales and a cheaper yen. -
Toyota profit beats estimates
The company was the world's top-selling carmaker in 2021. -
Toyota is top-selling automaker
The company overcomes chip shortage, supply chain woes. -
Toyota lifts annual profit forecast despite production cuts
The world's top-selling automaker has recovered quicker than its competitors from some of the impact from Covid. -
Toyota makes US battery push
Japanese firm Toyota is the world’s biggest carmaker. -
Semiconductor shortage slows down GCC auto sector
Auto exports to the region are likely to suffer for the next more than a year due to an estimated net production loss of 3.9 million vehicles globally. Besides the automobile sector, e-gadgets, the smartphone and video gaming industries were impacted by the shortage. -
Egypt and Japan’s Toyota look to invest in blue ammonia
Egypt and Toyota of Japan are looking to explore investment opportunities in blue ammonia, and in this regard the Egyptian Ministry of Petroleum signed a memorandum of understanding with Japan's Toyota Tsusho. -
Toyota to cut Sept production
The world's largest automaker had planned to build just under 900,000 vehicles next month