WASHINGTON (Reuters) — Toyota Motor said on Wednesday it will recall 1 million vehicles in the United States because a short circuit in a sensor could cause air bags not to deploy as designed. The recall covers 2020 through 2022 model year vehicles including various Avalon, Camry, Corolla, RAV4, Lexus ES250, ES300H, ES350, RX350 Highlander and Sienna Hybrid… Continue reading Toyota recalls 1m U.S. vehicles over sensor that could short circuit
Author: Nikki News Feed
Toyota ‘regrets’ oversight that led to Daihatsu safety flaws
TOKYO — Executives of Toyota Motor and its subsidiary Daihatsu Motor apologized on Wednesday for widespread misconduct found within the unit that an independent panel said was the result of “extreme pressure” employees were under to develop vehicles quickly. Daihatsu will stop shipping all cars it produces in Japan and elsewhere, and Toyota will stop… Continue reading Toyota ‘regrets’ oversight that led to Daihatsu safety flaws
Panasonic drops plan for EV battery factory in Oklahoma
TOKYO — Panasonic Energy, a supplier to Tesla, said Wednesday it is dropping its plan to build a battery factory in Oklahoma after “careful deliberations,” without going into specifics. The plant would have been its third in North America. A major maker of batteries for electric vehicles, the subsidiary of Panasonic Holdings signed an agreement… Continue reading Panasonic drops plan for EV battery factory in Oklahoma
Toyota unit Daihatsu to stop shipping all models over safety scandal
OSAKA — Toyota subsidiary Daihatsu Motor plans to stop shipping all cars produced in Japan and overseas as the scandal over its manipulation of safety tests spreads significantly beyond the six models identified so far, Nikkei has learned. Daihatsu President Soichiro Okudaira on Wednesday visited the transport ministry in Tokyo to report the findings of an… Continue reading Toyota unit Daihatsu to stop shipping all models over safety scandal
Toyota unit Daihatsu to expand production halts over safety scandal
OSAKA — Toyota unit Daihatsu Motor plans to expand a halt to production as its scandal over the manipulation of safety tests spreads significantly beyond the six models identified so far, Nikkei has learned. Daihatsu is expected to report findings by an independent panel to Japan’s transport ministry as early as Wednesday. The company also will hold… Continue reading Toyota unit Daihatsu to expand production halts over safety scandal
Hyundai Motor to sell Russian unit to local dealer
SEOUL — Hyundai Motor announced on Tuesday that it plans to sell its Russian unit to a local dealer — though with a buyback option — as the company’s factory in St. Petersburg has been suspended amid the war in Ukraine. Hyundai said in a statement that a board meeting earlier in the day approved… Continue reading Hyundai Motor to sell Russian unit to local dealer
China EV maker Nio secures $2.2bn investment from Abu Dhabi
SHANGHAI — Chinese electric vehicle maker Nio will receive a $2.2 billion strategic investment from a fund backed by Abu Dhabi, the company said Monday, as it bolsters finances in the face of growing competition. CYVN Holdings will acquire 294 million newly issued shares in Nio for $7.50 each by the end of the month. The purchase will increase… Continue reading China EV maker Nio secures $2.2bn investment from Abu Dhabi
Honda becomes first Japan company to produce passenger EVs in Thailand
BANGKOK — Honda Motor has begun production of electric vehicles in Thailand that it will start selling in the country in the first quarter of 2024, the Japanese automaker said. Honda is the first Japanese company to produce passenger EVs in Thailand, although Toyota Motor also produces a small quantity of commercial EVs. Go to… Continue reading Honda becomes first Japan company to produce passenger EVs in Thailand
Vietnam tech firm FPT adds Texas unit in $100m auto services push
HO CHI MINH CITY — Vietnamese software giant FPT has opened a vehicle services unit in Texas as part of a $100 million investment over five years in the auto sector. FPT Automotive will provide engineering services to automakers like Honda, Ford and VinFast, another Vietnamese corporation that is making rapid inroads in the U.S.… Continue reading Vietnam tech firm FPT adds Texas unit in $100m auto services push
BYD targets Japan as gateway for global EV exports
TOKYO — For BYD, China’s top electric vehicle maker, Japan is the ultimate proving ground for its ability to crack foreign markets. If it can succeed at expanding in a market that is famous for being tough for imported cars, it can succeed anywhere. BYD’s commitment to finding success in Japan was on display in… Continue reading BYD targets Japan as gateway for global EV exports