Tag: Toyota

Toyota delays opening of new Myanmar plant in wake of coup

BANGKOK — Toyota Motor has decided to postpone the opening of a new plant in Myanmar amid heightened political uncertainty following the Feb. 1 coup, Nikkei Asia has learned. The plant was scheduled to open this month. As a showdown continues between the military and demonstrators, the Japanese automaker has concluded it will be difficult… Continue reading Toyota delays opening of new Myanmar plant in wake of coup

Suzuki Motor Corp’s five-year plan bullish on growth from India

After celebrating 100 years of its existence in March last year, Japanese auto giant Suzuki Motor Corporation (SMC) has revealed its next five-year mid-term management plan which determines its actionable outlines for growth between April 2021 and March 2026. The company is going to rely on emerging economies like India, which will continue to be… Continue reading Suzuki Motor Corp’s five-year plan bullish on growth from India

Tesla shuts down Model 3 production line for 2 weeks amid chip shortage

Tesla is shutting down a Model 3 production line at Fremont factory for 2 weeks amid an industry-wide microchip shortage. According to a new report from Bloomberg, Tesla has informed employees from a Model 3 production line at Fremont factory that their line is being shut down until March 7: “Workers on a Model 3… Continue reading Tesla shuts down Model 3 production line for 2 weeks amid chip shortage

@Toyota: Toyota Tsusho Invests in ATP30 Which Operates Commuter Bus Services in Thailand- Promoting the adoption of smart mobility in the commuter bus market –

Toyota Tsusho Corporation (“Toyota Tsusho”) announced today that it has invested 64,350,000 THB in ATP30 Public Company Limited (“ATP30”)–which operates commuter bus services for Thailand’s industrial estates–through Toyota Tsusho Thai Holdings Co., Ltd. (“TTTH”) by receiving allocated third-party shares, acquiring a share of 9.526% in ATP30. Go to Source

Air taxi startup Joby to go public in $6.6 billion blank-check deal

Joby is the first aerial vehicle startup to go public via the SPAC route. By Paul Lienert and Anirban Sen Joby Aviation, the 12-year-old electric air taxi startup partnered with Toyota Motor Corp and Uber Technologies, will go public in a $6.6 billion reverse merger with blank check company Reinvent Technology Partners, the firms said… Continue reading Air taxi startup Joby to go public in $6.6 billion blank-check deal

Suzuki chairman Osamu Suzuki to step down

TOKYO — Osamu Suzuki, the 91-year-old chairman of Suzuki Motor, is to step down after leading the Japanese carmaker for more than 40 years and turning it into one of the world’s largest producers of compact cars. Suzuki led the company’s successful expansion into India. He also led Suzuki Motor to forge a capital tie-up… Continue reading Suzuki chairman Osamu Suzuki to step down

Joby Aviation takes flight into the public markets via a SPAC merger

Joby Aviation, a startup that has spent more than a decade developing an all-electric, vertical take-off and landing passenger aircraft, will become a public company through a merger with Reinvent Technology Partners, a special purpose acquisition company from well-known investor and LinkedIn co-founder Reid Hoffman. The combined company, which will be listed on the New… Continue reading Joby Aviation takes flight into the public markets via a SPAC merger

@Toyota: Step Up: Toyota Breaks Ground for “Woven City”

TOYOTA CITY, Japan (February 23, 2021)―Toyota Motor Corporation (Toyota) and Woven Planet Holdings, Inc. (Woven Planet), the Toyota Group company responsible for a wide range of mobility development projects, anchored in software, held a groundbreaking ceremony (Jichinsai) for the construction of Woven City at 11:00 a.m. on February 23 at the old vehicle yard adjacent… Continue reading @Toyota: Step Up: Toyota Breaks Ground for “Woven City”

@Toyota: Toyota Financial Services Offers Payment Relief to Customers Affected by Texas Storms

PLANO, Texas (February 22, 2021) – Toyota Financial Services (TFS) announced it is offering payment relief options to its customers affected by the winter storms that struck Texas earlier this month. This broad outreach includes any Toyota Financial Services (TFS) or Lexus Financial Services (LFS) customer in the designated disaster areas.  Toyota Financial Services cares… Continue reading @Toyota: Toyota Financial Services Offers Payment Relief to Customers Affected by Texas Storms