Tag: Toyota

Toyota Motor Credit Corporation Celebrates First Year of Mazda Financial Services Private Label Business

“When we started this business, we knew we had to provide exceptional service and drive loyalty to our partners at Mazda North American Operations, with solutions that benefit Mazda dealers and customers,” said Pete Carey, president of MFS. “We’re incredibly grateful for the opportunity to work with MNAO, and we look forward to continuously improving… Continue reading Toyota Motor Credit Corporation Celebrates First Year of Mazda Financial Services Private Label Business

Toyota Kirloskar Motor records best March since 2013

The new fiscal year has begun on a robust note for Toyota Kirloskar Motor. The Bangalore-based carmaker today announced that it sold a total of 15,001 units in the month of March 2021, thereby clocking a year-on-year growth of 114% in domestic sales, when compared to the corresponding period last year. In March 2020, just… Continue reading Toyota Kirloskar Motor records best March since 2013

Toyota and Nissan plan production cut from Renesas fire

TOKYO — With chipmaker Renesas Electronics not expected to achieve a full recovery from its recent factory fire until mid-July, Japan’s largest automakers have begun bracing for long-term disruptions and potential production cuts. The fire follows other incidents that have sapped global supplies of automotive chips. Nomura Securities estimates disruptions from the Japanese chipmaker alone could dent global auto production… Continue reading Toyota and Nissan plan production cut from Renesas fire

Lexus unveils electric SUV concept that is ‘symbolic’ of its next-generation vehicles

Lexus has unveiled a new electric SUV concept, the “LF-Z Electrified,” but it’s not something it plans to bring to production. Rather, the automaker says that it is “symbolic” of its next-generation Lexus. Toyota, Lexus’s parent company, has notoriously been a laggard in the auto industry when it comes to battery-electric vehicles. The Japanese automaker… Continue reading Lexus unveils electric SUV concept that is ‘symbolic’ of its next-generation vehicles

Car makers open to higher CO2 targets, if there is matching infrastructure ramp-up across the EU

Brussels, 31 March 2021 – The EU automobile industry is open to higher CO2 reduction targets for cars in 2030, provided that they are directly linked to binding commitments from member states to roll out the required charging points and hydrogen stations. CEOs of Europe’s leading car makers agreed this during a recent Board meeting… Continue reading Car makers open to higher CO2 targets, if there is matching infrastructure ramp-up across the EU

Tesla and Toyota rumored to be partnering on electric SUV based on super weak report

Tesla and Toyota are rumored to be partnering on a new electric SUV, but it is based on a report that doesn’t have a lot of credibility. We weren’t planning to share this report, but several other publications are sharing it seriously, so we thought we would cover it with some more context. The report… Continue reading Tesla and Toyota rumored to be partnering on electric SUV based on super weak report

Renesas says full chip recovery after fire could take four months

TOKYO — Japanese chipmaker Renesas Electronics expects a fire-damaged semiconductor plant to take up to four months to fully recover, leaving some of the country’s biggest carmakers concerned over dwindling supplies of key components. “It is expected to take a little more than 100 days before full-capacity production is restored,” Hidetoshi Shibata, Renesas’ president and CEO, told an online briefing with journalists and analysts… Continue reading Renesas says full chip recovery after fire could take four months