Ziva Dynamics Raises $7M in Seed Funding

Ziva Dynamics, Vancouver, British Columbia, Canada-based creators of Hollywood’s most advanced character simulation software, closed a $7m seed funding. The round was led by Grishin Robotics, Toyota AI Ventures and Millennium Technology Value Partners’ New Horizons Fund. The company intends to use the funds to make key hires, advance development on its real-time digital character… Continue reading Ziva Dynamics Raises $7M in Seed Funding

@Toyota: Toyota Announces Financial Results for Fiscal Year Ended March 31, 2020

Toyota City, Japan, May 12, 2020 – (JCN Newswire) – Toyota Motor Corporation (TMC) today announced its financial results for the fiscal year ended March 31, 2020. Consolidated vehicle sales totaled 8,958,423 units, a decrease of 18,372 units compared to the previous fiscal year. On a consolidated basis, net revenues for the period totaled 29.9299… Continue reading @Toyota: Toyota Announces Financial Results for Fiscal Year Ended March 31, 2020

@Toyota: TMC Announces Financial Results for Fiscal Year Ended March 31, 2020

TOYOTA CITY, Japan (May 12, 2020)—Toyota Motor Corporation (TMC) today announced its financial results for the fiscal year ended March 31, 2020. Global Consolidated vehicle sales totaled 8,958,423 units, a decrease of 18,372 units compared to the previous fiscal year. On a consolidated basis, net revenues for the period totaled 29.9299 trillion yen ($274.586 billion),… Continue reading @Toyota: TMC Announces Financial Results for Fiscal Year Ended March 31, 2020

Toyota’s mega SUV Highlander lands in Europe for the first time

Car The Japanese manufacturer expands the range of high wheel models by Corrado Canali May 11, 2020 2 ‘of reading Toyota raises the challenge in the SUV-crossover sector with the new Hghlander available for the first time also in Europe. Thus, the Japanese brand’s high-wheeled models become four in as many reference sectors: the latest… Continue reading Toyota’s mega SUV Highlander lands in Europe for the first time

Carmaking starts up again as Bentley and Toyota workers return

Automotive industry Plants in north Wales and Crewe reopen as sector begins to ease out of lockdown Coronavirus – latest updates See all our coronavirus coverage Production has begun again at luxury carmaker Bentley at their factory in Crewe, although about a quarter of staff remain furloughed. Photograph: Bentley Motors Employees at two UK automotive… Continue reading Carmaking starts up again as Bentley and Toyota workers return

Exclusive: Toyota to cut North American output by 29% through October

TOKYO (Reuters) – Toyota Motor Corp plans to slash production in North America by nearly a third through October due to the coronavirus crisis and expects it will take some time for output to return to normal, a person familiar with the matter said. FILE PHOTO: A man walks past a Toyota logo at the… Continue reading Exclusive: Toyota to cut North American output by 29% through October

COVID-19 impact on rental car companies also hurts automakers

CLOSE Hertz and other rental car companies are being hammered by a loss of business connected to COVID-19. That also hurts automakers.  (Photo: David Goldman, AP) The rental car business is a mess because of COVID-19, and it’s putting an extra dose of pressure on the auto industry, which provides the vehicles. The coronavirus pandemic has… Continue reading COVID-19 impact on rental car companies also hurts automakers