Tag: Toyota

Toyota halves stake in Uber, but looks to maintain ties

Japan’s Toyota Motor Corp has cut its stake in Uber Technologies Inc by about half after the ride-hailing giant divested the autonomous driving unit at the centre of their collaboration. “The development of vehicles related to automated driving was one of the main objectives of Toyota‘s investment,” Toyota spokesperson Shiori Hashimoto said in a statement, adding that the company still aims to maintain their alliance. The world’s largest… Continue reading Toyota halves stake in Uber, but looks to maintain ties

Toyota recalls bZ4X electric SUVs over wheel that could detach while driving

Toyota issued a global recall of its 2023 bZ4X electric crossover SUV less than two months after the vehicle was released. The automaker said the hub bolts on the wheel can become loose while driving, which could cause the entire wheel to detach. Naturally, Toyota is warning owners not to drive their vehicles until the… Continue reading Toyota recalls bZ4X electric SUVs over wheel that could detach while driving

@Toyota: July production plan

We at Toyota would like to again apologize for the repeated adjustments to our production plans due to the parts shortage resulting from the spread of COVID-19, and for causing considerable inconvenience to our customers who have been waiting for the delivery of vehicles, suppliers, and other parties concerned. The global production volume for July… Continue reading @Toyota: July production plan

Tesla’s fast cash: EV maker nips at heels of profit leader Toyota

TOKYO — Tesla is accelerating its timeline for turning cash into product and back to cash, giving the company a rare opportunity to commit more resources for investments into its future. The strategy already appears to be paying off. Tesla’s net profit increased more than sevenfold on the year in the January-March quarter to $3.3 billion, not far behind Toyota’s… Continue reading Tesla’s fast cash: EV maker nips at heels of profit leader Toyota

@Toyota: Automaker Taps Seasoned Manufacturing Leaders to Drive North Carolina Operations

LIBERTY, N.C. (June 21, 2022) – Toyota today announced the team that will launch its newest plant in North America, Toyota Battery Manufacturing, North Carolina (TBMNC). The plant represents a $1.29 billion investment and will be the first to produce lithium-ion batteries for Toyota in North America. Meet Sean Suggs, President Suggs will be responsible… Continue reading @Toyota: Automaker Taps Seasoned Manufacturing Leaders to Drive North Carolina Operations

@Toyota: Toyota to Collaborate with Redwood Materials on a Sustainable, Closed-Loop Electrified Vehicle Battery Ecosystem

Areas include end-of-life battery solutions for its battery ecosystem, including battery collection, testing & evaluation, remanufacturing, recycling and battery materials production PLANO, Texas and CARSON CITY, Nev. (June 21, 2022) – Toyota Motor North America (Toyota), as part of its commitment to reduce its environmental footprint year after year and achieve carbon neutrality by 2050,… Continue reading @Toyota: Toyota to Collaborate with Redwood Materials on a Sustainable, Closed-Loop Electrified Vehicle Battery Ecosystem

Southeast Asia on cusp of EV revolution as local production begins

BANGKOK/MANILA — The electric vehicle market is taking off in Southeast Asia as automakers plan to start production in at least three countries this year, a key step toward making the cars more affordable to the region’s consumers. Many of these companies are based in China and South Korea, while Japanese automakers — which now account… Continue reading Southeast Asia on cusp of EV revolution as local production begins

Environmental concerns remain as Toyota files appeal against class action ruling over diesel filters

Environmental concerns remain as Toyota files appeal against class action ruling over diesel filters Car company alleges mistakes of fact and law in appeal against April decision that could result in $2bn damages paid to owners Follow our Australia news live blog for the latest updates Get our free news app; get our morning email… Continue reading Environmental concerns remain as Toyota files appeal against class action ruling over diesel filters