November 29, 2023
Via: Tech XploreToyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan’s top automaker said Wednesday. The move is estimated to raise about 290 billion yen ($2 […]
January 30, 2023
Via: Tech XploreJapan’s Toyota was the world’s top-selling automaker in 2022, retaining its lead over German rival Volkswagen for the third year, company data showed Monday. Despite the chip shortage and COVID-related supply chain disruption, Toyota and its subsidiaries sold nearly 10.5 […]
August 31, 2022
Via: Transport TopicsToyota is investing $5.6 billion in Japan and the U.S. to boost production of batteries for electric vehicles, the Japanese automaker said Aug. 31. Production is set to start between 2024 and 2026. In Japan, $3 billion will go into […]
August 23, 2022
Via: Transport TopicsToyota Motor Corp. agreed to recognize California’s authority to set its own auto emission standards, ending a standoff stretching back to the Trump administration. The Japanese automaker, which once sued along with several other manufacturers to stop California from setting […]
August 19, 2021
Via: Transport TopicsToyota Motor Corp.’s efforts to stockpile enough chips and other key components to ride out supply disruptions only protected the company so long before it too succumbed to the shortages eviscerating automakers. The manufacturer will suspend production at 14 plants […]
October 28, 2020
Via: Transport TopicsVolkswagen AG and Toyota Motor Corp.’s truck subsidiaries are joining forces on battery-electric and fuel cell vehicles, enabling the companies to split the costs of developing technology needed to comply with stricter emission rules. The new initiative between VW’s Traton […]
July 1, 2020
Via: Transport TopicsTesla Inc. endured a roughly seven-week shutdown of its most important car plant in the world last quarter, but its brand-new backup factory may have saved the day. The manufacturer may have delivered more than 83,000 vehicles last quarter, according […]
Impact & Regulations, Vehicles
March 27, 2020
Via: Transport TopicsToyota Motor Corp.’s idled manufacturing facilities in the U.S. will make much-needed face shields and masks, and the Japanese automaker is closing in on deals with medical-device makers to help them boost production. The carmaker said March 27 it will […]
March 26, 2020
Via: Transport TopicsFord, Fiat Chrysler, Honda and Toyota took steps March 26 to restart North American factories that have been closed to protect workers from the coronavirus. The plants would reopen in early or mid-April, restoring the largest source of cash for […]
January 23, 2020
Via: Transport TopicsToyota Motor Corp. had its credit outlook lowered by Moody’s Investors Service, showing even the world’s most valuable carmaker isn’t safe from turmoil in the industry. The outlook was changed to negative from stable, Moody’s said Jan. 23 in a […]
December 17, 2019
Via: Transport TopicsToyota Motor Corp. is forecasting sales of 10.77 million vehicles worldwide during 2020, nudging it closer to No. 1 automaker Volkswagen AG. Toyota’s outlook, which includes vehicles sold by subsidiaries Daihatsu Motor Co. and truck maker Hino Motors Ltd., shows […]
August 28, 2019
Via: Transport TopicsToyota Motor Corp. and Suzuki Motor Corp. are strengthening their relationship by taking stakes in each other, the latest alliance in an industry that’s facing sweeping changes in technology, consumer preferences and business models. Japan’s biggest automaker will acquire about […]
December 17, 2018
Via: WiredLike any properly terrifying invasion, it’s hard to tell whether the robot one will come by land, air, or sea. Toyota has put its bets on the first two already: It has built its own autonomous driving tech, obviously, and […]
August 29, 2018
Via: WiredUber didn’t necessarily get into self-driving cars to make friends. It launched its program in Pittsburgh by gutting the robotics program at Carnegie Mellon University, after all. But in the three years since – as the company has struggled with […]
March 28, 2018
Via: Transport TopicsAs the global auto industry vies to deploy driverless cars, some contenders may be cutting corners in a bid to get ahead, warned Jack Hollis, group vice president of U.S. sales for the Toyota brand. “Some competitors, not by name […]
March 5, 2018
Via: Transport TopicsToyota Motor Corp. plans to spend $2.8 billion to make sure its system for writing the software for self-driving cars will be just as efficient as the factories that build them. The company needs faster and more reliable methods for […]
January 12, 2018
Via: WiredONCE UPON A time, the Consumer Electronics Show was about personal gadgets: fancy phones, curving televisions, college-educated refrigerators. But in recent years cars have become the stars, and the auto industry has taken its place in Vegas. This week at […]
September 27, 2017
Via: WiredRENTING OUT A 100,000-square-foot San Francisco cruise ship terminal feels ostentatious, even for a Silicon Valley coming out party. But Luminar, a small company dedicated to a far corner of the nascent autonomous vehicle industry, and its 22-year-old founder, Austin […]