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The Latest Breaking News from Toyota Motor Corp

Toyota's Thai unit sees car sales up 7.3%

The Thai unit of Toyota Motor Corp expects its car sales in the Southeast Asian country to rise 7.3% to 310,000 vehicles this year, the company said on Thursday.

Bangkok Post

Toyota Chief Says 'Silent Majority' Has Doubts About Pursuing Only EVs

Toyota Motor Corp. President Akio Toyoda said he is among the auto industry's silent majority in questioning whether electric vehicles should be pursued exclusively, comments that reflect a growing uneasiness about how quickly car companies can transition.

Bangkok Post

Toyota vehicle production up 23%, above its target

TOKYO: Toyota Motor Corp reported on Tuesday a 23% rise in October global vehicle output, beating its own target for a third month in a row, as the industry strives to get past persistent chip shortages that have hobbled production.

Bangkok Post

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Lexus RX fully revamped for 1st time in 7 yrs

Toyota Motor Corp. released Friday the 5th-generation Lexus RX, the first complete revamp of its luxury sports utility vehicle in nearly seven years.

The Japan News/Yomiuri

Toyota to unveil new Prius as hybrids lose luster to battery EVs

Toyota Motor Corp. is about to take the wraps off a revamped Prius, the latest iteration of a car that normalized the idea of owning an environmentally conscious vehicle more than two decades ago.

Tribune News Service

Toyota reports quarterly profit decline amid chips crunch

Toyota Motor Corp. says its profit fell 31% in the last quarter as a shortage of computer chips offset foreign exchange gains from a weaker yen

The Independent UK

Toyota begins making cars in Myanmar after delay due to coup

Toyota Motor Corp. says it has begun assembling autos in Myanmar after more than a yearlong delay following a military takeover in February 2021

The Independent UK

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Mazda to cease production in Russia, following Toyota

Mazda Motor Corp. has decided to end production in Russia, following Toyota Motor Corp.'s exit from the country, due to difficulties in procuring parts.

The Japan News/Yomiuri

Toyota to end production in Russia

Toyota Motor Corp. has announced plans to terminate production at its St. Petersburg plant and suspend sales in Russia.

The Japan News/Yomiuri

Toyota ends production in Russia, seeing no path to restart

Toyota Motor Corp has decided to cease vehicle production permanently at its lone car plant in Russia, a rare move for a company that is still manufacturing at sites in Japan dating back to its founding in the 1930s.

Bangkok Post

Top court rules Toyota unit must pay B10bn in import duties

The Supreme Court on Thursday upheld a lower court ruling that the local unit of Toyota Motor Corp owed the government 10 billion baht (US$272.11 million) in extra taxes for importing components not subject to a reduced tariff.

Bangkok Post

Toyota to suspend production at 3 western Japan plants as typhoon nears

Japan's Toyota Motor Corp will suspend some evening shifts at three plants in western Japan due to an approaching typhoon, it said on Monday.

Reuters

Toyota launches updated flagship Crown models

Toyota Motor Corp. has launched new versions of its flagship Crown model for the first time in about four years.

The Japan News/Yomiuri

Toyota president shows off hydrogen vehicle in Belgium

Toyota Motor Corp. President Akio Toyoda drove one of the company's hydrogen-powered vehicles and promoted its high performance in Belgium during the World Rally Championship, the first time that a Toyota hydrogen-engine vehicle was driven on a public road outside of Japan.

The Japan News/Yomiuri

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Bangkok Post

Toyota plans $1.8bn Indonesia investment to build electric vehicles

JAKARTA: Japanese carmaker Toyota Motor Corp plans to invest 27.1 trillion rupiah ($1.80 billion, 66 billion baht) in Indonesia in the next five years to produce electric vehicles (EVs), Indonesia's economics ministry said on Wednesday.

Bangkok Post

Toyota revamps Crown range, with new models to be sold outside Japan

MAKUHARI, Japan: Toyota Motor Corp unveiled four new models of its Crown range on Friday, including a sport-utility vehicle (SUV) for the first time, seeking to reboot the 67-year-old brand as Japan branches out from its long love affair with sedans.

Benzinga

Toyota US Sales Drop 17.9% In June

Toyota Motor Corp (NYSE:TM) said its North America business (TMNA) reported U.S. sales in June 2022 of 170,155 vehicles, a 17.9% decrease on a volume basis and down 21.1% on daily selling rate (DSR) basis Y/Y. Sales of electrified vehicles totaled 39,965, representing 23.5% of total monthly sales. On a volume basis, the…

Benzinga

Toyota Launches Hybrid SUV For Indian Market: Reuters

Toyota Motor Corp (NYSE:TM) has unveiled its first mass-market hybrid car for India, a sport utility vehicle (SUV), Reuters reported. Toyota will build the Urban Cruiser Hyryder SUV in alliance with Suzuki Motor (OTC:SZKMY). Related: 2 Japanese Auto Giants To Jointly Make New Hybrid SUV In India The Japanese auto major’s latest offering will compete…

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Benzinga

Benzinga Before The Bell: Gun Safety Bill. Bill Gates North Dakota Outrage, Sanofi-GSK's Covid-19 Vaccine's Omicron Efficacy And Other Top Financial Stories Friday, June 24

Reuters

Benzinga

Toyota Recalls EVs Over Faulty Wheels: WSJ

Toyota Motor Corp (NYSE:TM) recalls 2,700 of its first mass-produced electric vehicles (EVs) on tire safety risks, the Wall Street Journal reported. The auto giant would recall its all-electric 2023 bZ4X SUV after finding fault with bolts that connect the wheels with the vehicle. Related: Toyota Debuts bZ4X SUV Battery Electric Vehicle Toyota…

Chicago Tribune

Stabenow: Union-made EV tax credits are dead in Democrats' climate bill

WASHINGTON— A controversial proposal that would have given consumers a $4,500 discount on domestic, union-made electric vehicles is officially off the table, Sen. Debbie Stabenow, D-Michigan, confirmed Wednesday to The Detroit News.

Benzinga

Toyota Cuts July Production Citing Parts Shortage

Toyota Motor Corp (NYSE:TM) has cut its July global production plan by 50,000 vehicles due to the parts shortage resulting from the spread of COVID-19. The company expects the global production volume for July to be approximately 800,000 units (250,000 units in Japan and 550,000 units overseas). The auto major has decided to…

Benzinga

Toyota Stretches Japan Production Cut Citing Chip Shortage

Toyota Motor Corp (NYSE:TM) plans an additional domestic factory line production suspension in June and July. The auto major took the decision citing an auto parts shortage resulting from the spread of COVID-19. The number of units affected by the suspensions will be about 40,000, bringing down the global production plan for June to…

Benzinga

Why Toyota Will Stick To Making Hybrid Cars Amid Growing Calls For EV Transition

Japan’s Toyota Motor Corp (NYSE: TM) has reportedly said it would continue developing and making hybrid and other low-emission vehicles amid shareholder pressure to embrace electric cars.

Tribune News Service

Ford, GM, Stellantis, Toyota urge Congress to lift EV tax credits cap

WASHINGTON — Ford Motor Co., General Motors Co., Stellantis NV and Toyota Motor Corp. sent a letter to congressional leaders Monday urging them to lift the 200,000 customer cap for existing electric vehicle tax credits.

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