Brussels, 24 December 2020 – The European Automobile Manufacturers’ Association (ACEA) welcomes the deal struck today between the European Union and the United Kingdom on their future trading relations. This agreement is a great relief for European automobile manufacturers, allowing the sector to avoid the catastrophic effect of a no-deal Brexit. “There is no other… Continue reading EU-UK trade deal: EU automobile manufacturers react
Tag: Toyota
Toyota forges ahead with 8.25m vehicle goal despite chip crunch
NAGOYA, Japan — Toyota Motor is on track to produce about 8.25 million vehicles worldwide for the year ending in March, largely sticking to its previous forecast even though a global semiconductor shortage has disrupted the auto industry in recent weeks, Nikkei learned Monday. The automaker released a forecast in November with that figure, a 6% decrease from fiscal 2019 for its Toyota and Lexus… Continue reading Toyota forges ahead with 8.25m vehicle goal despite chip crunch
Toyota accepts staff from halted aircraft factories of Mitsubishi Heavy
TOKYO — Toyota Motor’s subsidiary Toyota Auto Body is taking several hundred employees from aircraft component makers including Mitsubishi Heavy Industries and Kawasaki Heavy Industries, as auto demand recovers while aviation continues to struggle. Employees from companies such as Mitsubishi Heavy and Kawasaki are being transferred to Toyota’s Yoshiwara Plant in Aichi Prefecture, which makes… Continue reading Toyota accepts staff from halted aircraft factories of Mitsubishi Heavy
Renesas, NXP and other chipmakers raise prices on surging auto demand
TOKYO — Japan’s Renesas Electronics, the Netherlands’ NXP Semiconductors and other chipmakers are raising prices on semiconductors that go into cars and telecom equipment as they attempt to maneuver out of a squeeze created by soaring demand and limited foundry capacity. Some observers expect chip shortages for another six months, a drought that is likely… Continue reading Renesas, NXP and other chipmakers raise prices on surging auto demand
Asia’s chip crunch slams the brakes on carmakers’ COVID recovery
TOKYO/TAIPEI — Recovering demand for cars should make this a great time to be selling to the automotive industry — but for a Japanese executive at an affiliate of one of the country’s biggest software developers, it is deeply frustrating. The software he sells for cars is useless without computer chips to run it. And they are… Continue reading Asia’s chip crunch slams the brakes on carmakers’ COVID recovery
Toyota-owned Daihatsu, a gas engine stalwart, tries again in hybrid cars
OSAKA — Japan’s Daihatsu Motor — the country’s only major automaker to develop all gasoline-powered cars — plans to roll out a hybrid compact SUV this year in a second attempt at electrified vehicles, Nikkei has learned. The hybrid version of the Rocky sport utility vehicle will feature technology co-developed by Daihatsu’s parent, Toyota Motor. Hybrid… Continue reading Toyota-owned Daihatsu, a gas engine stalwart, tries again in hybrid cars
Exclusive: Air taxi startup Joby explores deal to go public – sources
By Joshua Franklin, Anirban Sen 2 Min Read Joby-aircraft-web (Reuters) – Electric passenger aircraft developer Joby Aero Inc is exploring a deal to go public through a merger with a blank-check acquisition firm at a valuation of around $5 billion, according to people familiar with the matter. Joby has hired investment banks to solicit interest… Continue reading Exclusive: Air taxi startup Joby explores deal to go public – sources
@Toyota: Woven Planet Group To Host Virtual Opening Event “The Genesis”
Newly founded in January 2021, Woven Planet Group will host its virtual opening event, “The Genesis,” on January 29th. At the event, the leaders of its four new companies will introduce each company and its mission, and share their work and thoughts on making people’s lives happier through future mobility. Woven Planet Group looks forward… Continue reading @Toyota: Woven Planet Group To Host Virtual Opening Event “The Genesis”
@Toyota: GR Sport – a New Year Newcomer for the Toyota C-HR Hybrid SUV Range
The new 2021 Toyota C-HR hybrid SUV is now available in the UK, with a revised line-up that features new GR Sport models inspired by Toyota Gazoo Racing’s world championship winning success in international rally and endurance racing competition. The GR Sport grade, available with both 1.8 and 2.0-litre self-charging hybrid electric powertrains, makes its… Continue reading @Toyota: GR Sport – a New Year Newcomer for the Toyota C-HR Hybrid SUV Range
Nissan to end Philippine auto assembly operations
MANILA — Nissan Motor will end its assembly operations in the Philippines in March as part of efforts to restructure its regional operations, the Japanese automaker said on Thursday. Nissan’s move comes as automakers in the country struggle to keep business humming amid the pandemic. Car sales in the Philippines fell 40% last year to… Continue reading Nissan to end Philippine auto assembly operations