FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su TOKYO (Reuters) – Toyota Motor Corp (7203.T) has sought a credit line totaling 1 trillion yen ($9.23 billion) from Sumitomo Mitsui Banking Corp and MUFG Bank as fund-raising costs rise on the back… Continue reading Toyota seeks $9.2 billion credit line from Sumitomo Mitsui, MUFG Bank: Kyodo
Tag: Toyota
2,000 contract workers let go at Fiat Chrysler as automakers hunker down
Almost 2,000 contract workers across North America at Fiat Chrysler Automobiles will be out of a job as projects are paused, another indication of the pressure the auto industry is under amid the coronavirus pandemic. General Motors Co. and Ford Motor Co., meanwhile, are borrowing billions from existing credit facilities to ensure financial flexibility as… Continue reading 2,000 contract workers let go at Fiat Chrysler as automakers hunker down
@Toyota: Toyota will further extend its production shutdown
Due to the ongoing COVID-19 pandemic and significant decline in vehicle demand, Toyota will further extend the length of its production suspension at all of its automobile and components plants in North America, including Canada, Mexico and the U.S. The manufacturing facilities will remain closed through April 17, resuming production on April 20. Our service… Continue reading @Toyota: Toyota will further extend its production shutdown
Toyota extends shutdown of North American plants through April 17
FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su/File Photo WASHINGTON (Reuters) – Toyota Motor Corp (7203.T) said it will extend a shutdown of all North American plants for two weeks due to the ongoing COVID-19 pandemic and decline in vehicle demand.… Continue reading Toyota extends shutdown of North American plants through April 17
@Toyota: Toyota Tsusho Canada invests in Velocia Inc., a Mobility-rewards Platformer-Mobility as a Service (MaaS) investment in North America from Toyota Tsusho Canada to accelerate next generation mobility-
2020-03-25 Toyota Tsusho Canada (TTCI), a Canadian Corporation and a Toyota Tsusho Corporation’s overseas subsidiary, has invested in Velocia on February 2020 to accelerate development and expansion of Velocia’s MaaS ecosystem and rewards programs. Velocia is a free mobility app that rewards multimodal transit use in cities, incentivizing users to leave their cars at home… Continue reading @Toyota: Toyota Tsusho Canada invests in Velocia Inc., a Mobility-rewards Platformer-Mobility as a Service (MaaS) investment in North America from Toyota Tsusho Canada to accelerate next generation mobility-
@Toyota: Toyota Research Institute Launches Research Into Understanding and Predicting Human Behavior for Decision Making
Machine Assisted Cognition program to explore use of AI in augmenting human cognitive abilities LOS ALTOS, Calif., March 25, 2020 – The Toyota Research Institute (TRI) is expanding its exploratory research with the launch of Machine Assisted Cognition (MAC), a new initiative to develop and demonstrate artificial intelligence tools that can understand and predict human… Continue reading @Toyota: Toyota Research Institute Launches Research Into Understanding and Predicting Human Behavior for Decision Making
@Toyota: TMC Announces Changes to Board Members and Supervisory Board Members, and Executive and Senior Management Responsibilities
Toyota City, Japan, March 25, 2020―Toyota Motor Corporation (TMC) announced today that it plans to implement changes to the executive structure as described below, effective on the day of TMC’s 116th Ordinary General Shareholders Meeting. The formal appointment of board members and audit and supervisory board members will be made pending approval at the 116th… Continue reading @Toyota: TMC Announces Changes to Board Members and Supervisory Board Members, and Executive and Senior Management Responsibilities
Next Toyota GT86 confirmed for 2021 in leaked presentation
The original GT86 pre-dated the creation of that brand, which started with the GR Supra and will also include the GR Yaris, the first model developed purely by Gazoo Racing. The next GT86 is set to be rebranded to bring it in line with that nomenclature. The next-gen sports car will feature some substantial changes… Continue reading Next Toyota GT86 confirmed for 2021 in leaked presentation
@Toyota: NTT and Toyota Enter into Memorandum of Understanding Concerning Business and Capital Alliance Agreement
In the automotive market, the automotive industry itself is undergoing a major transformation due to the complex combination of diversifying market needs, tightening environmental and safety regulations, the sophistication of advanced technologies, entrance by other industries, and the diversification of the mobility business, etc. Meanwhile, in the telecommunications market, the use of various digital services… Continue reading @Toyota: NTT and Toyota Enter into Memorandum of Understanding Concerning Business and Capital Alliance Agreement
Toyota and NTT in tie-up for $1.8bn smart city project
TOKYO — Toyota Motor and Nippon Telegraph and Telephone have decided to sign a capital and business tie-up deal, Nikkei learned Tuesday. The companies, which will spend a total of some 200 billion yen ($1.81 billion), will bring together their respective technologies for a project to build a smart city to start in 2021 on a former Toyota plant site… Continue reading Toyota and NTT in tie-up for $1.8bn smart city project