Tag: Toyota

Toyota plans post-Brexit pause at Burnaston factory

Toyota Staff at Derbyshire plant will not work on 1 November amid fears of no-deal disruption New Toyota cars are transported from the Burnaston plant in Derbyshire. Photograph: Darren Staples/Reuters Toyota is planning to halt production at its factory in Burnaston on 1 November in anticipation of possible disruption to deliveries of parts, amid growing… Continue reading Toyota plans post-Brexit pause at Burnaston factory

Ford Motor Co. to invest $550M in Louisville plants ahead of Escape's relaunch

CLOSE This is the Escape’s first complete redesign since the 2013 model year. Ford Motor Company, Wochit Amid anxiety about a global recession, slowing vehicles sales and looming job cuts, Ford Motor Co. delivered some good news to Louisville workers Thursday — a $550 million investment in its local factories and plans to retain union jobs. Most of the spending will… Continue reading Ford Motor Co. to invest $550M in Louisville plants ahead of Escape's relaunch

(LEAD) Audi Volkswagen Korea to apply lemon laws for cars sold since Jan.

(ATTN: ADDS details in paras 8-9) SEOUL, Aug. 29 (Yonhap) — Audi Volkswagen Korea said Thursday it will retroactively apply lemon laws on its vehicles sold since January in a move to boost declining sales in Asia’s fourth-biggest economy. The decision came as the German carmaker’s four brands — Audi, Volkswagen, Lamborghini and Bentley —… Continue reading (LEAD) Audi Volkswagen Korea to apply lemon laws for cars sold since Jan.

Bloomberg: VW’s Audi Negotiates Battery Supply Agreement With BYD

With Audi as a customer, BYD probably will need to step up its investments in battery production capacity again. According to Bloomberg’s unofficial sources, Audi (part of the Volkswagen Group) is in talks with Chinese BYD about lithium-ion battery supply for new models. Adding BYD to the list of suppliers would be important from the… Continue reading Bloomberg: VW’s Audi Negotiates Battery Supply Agreement With BYD

In Toyota and Suzuki alliance, two families find common ground

TOKYO — The formation of the capital partnership between Toyota Motor and Suzuki Motor, which spans an empire that produces 16 million vehicles globally, stemmed from a conversation that occurred only three months ago. “I asked [Toyota] President Akio Toyoda for a capital alliance in May,” Suzuki Chairman Osamu Suzuki told Nikkei Wednesday. Toyota will… Continue reading In Toyota and Suzuki alliance, two families find common ground

UPDATE 1-Ivory Coast, Toyota sign assembly plant deal

FLE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy (Reuters) – Ivory Coast’s government signed an agreement on Thursday with Toyota (7203.T) to build a vehicle assembly plant in the West African nation, the office of Ivorian Prime Minister Amadou Gon Coulibaly… Continue reading UPDATE 1-Ivory Coast, Toyota sign assembly plant deal

191,000 Toyota Corolla, Toyota Matrix cars recalled to fix defective airbags

Share This Story! Let friends in your social network know what you are reading about 191,000 Toyota Corolla, Toyota Matrix cars recalled to fix defective airbags The recall covers certain 2003 through 2008 Corolla compact sedans and 2005 through 2008 Matrix hatchbacks. Post to Facebook Sent! A link has been sent to your friend’s email… Continue reading 191,000 Toyota Corolla, Toyota Matrix cars recalled to fix defective airbags

Extend Your Adventure: All-New Ford Explorer Limited Hybrid RWD Has an EPA-Estimated Range of Over 500 Miles Per Tank

With an 18-gallon fuel tank, all-new Explorer Limited Hybrid RWD has an EPA-estimated range of over 500 miles* between fill-ups, and an EPA-estimated range of over 450 miles* for vehicles with four-wheel drive No-compromise Explorer Limited Hybrid offers towing capability of up to 5,000 pounds** – 1,500 pounds more than a 2019 Toyota Highlander Hybrid… Continue reading Extend Your Adventure: All-New Ford Explorer Limited Hybrid RWD Has an EPA-Estimated Range of Over 500 Miles Per Tank

Car industry continues worldwide downward trend in Q2: Ernst & Young study

BERLIN, Aug. 28 (Xinhua) — The downward trend in the global auto industry in the second quarter (Q2) of this year continued, according to an analysis of the key financial figures of the world's 16 largest auto groups presented by auditing and consulting firm Ernst & Young (EY) in Frankfurt on Wednesday.
“The global automotive industry is experiencing a sales and profit crisis that is still primarily cyclical,” said Constantin Gall, head of Automotive and Transportation at EY.
According to the study, total profits of the world's 16 largest automotive groups had fallen 18 percent in Q2 of 2019.
The number of vehicles sold declined in all major markets and led to five percent global decline in sales, with only Mitsubishi, Honda, Toyota and BMW selling more new cars than a year ago.
French and U.S. car manufacturers recorded the sharpest declines in vehicles sold, of ten percent and nine percent respectively.
Among the largest automobile groups, Toyota was “slightly ahead” of Vo..