The new plant in Huntsville – already a hub for the region’s budding aerospace industry – will produce 300,000 vehicles per year, a combination of the Toyota Corolla compact car and a new small crossover SUV from Mazda. Production is targeted to begin by 2021. MONTGOMERY: Alabama’s total incentive package to Toyota and Mazda will… Continue reading Alabama incentives for Toyota-Mazda factory top $700 million
Tag: Toyota
FCA moves Ram production to Mich., gives $2K bonuses
2017 Ram Power Wagon(Photo: FCA) Fiat Chrysler Automobiles NV will invest $1 billion at its Warren Truck Assembly plant to bring production of its Ram Heavy Duty truck to the U.S. from Mexico. The company said Thursday the move will add 2,500 jobs in Metro Detroit by 2020, when the plant retooling is completed. The… Continue reading FCA moves Ram production to Mich., gives $2K bonuses
Lexus soon to 100,000 units in Europe
For the fourth year in a row, Lexus sales are progressing on our continent. This will allow the luxury brand of Toyota to consider 100,000 units by 2020. With 74602 registrations in 2017, Lexus is recording a fourth year of growth on our continent. An enlarged Europe for the brand since it adds in its… Continue reading Lexus soon to 100,000 units in Europe
Grab, Uber’s rival in Southeast Asia, pulls in strategic investment from Hyundai
Grab, Uber’s closest rival in Southeast Asia, continues to slowly release information about its newest funding round after it revealed it has netted a strategic investment from Hyundai. To recap, the Singapore-based firm raised a massive $2 billion led by SoftBank and China’s Didi Chuxing last July with plans to extend the round by a… Continue reading Grab, Uber’s rival in Southeast Asia, pulls in strategic investment from Hyundai
Ford to put auto emergency brakes on two 2019 models
The brakes are part of a suite of standard safety features on the new Edge, Ford said, including technology that detects objects and pedestrians and can prevent collisions by automatically braking and steering for the driver. Ford Motor Co said on Thursday it will make automatic emergency brakes standard on two key 2019 models, an… Continue reading Ford to put auto emergency brakes on two 2019 models
UPDATE 1-Hyundai invests in Grab to gain ‘foothold’ in Southeast Asia ride-hailing market
SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) said on Thursday it had invested in Southeast Asian ride-hailing firm Grab, as it seeks to expand into the region to reduce its reliance on China following a damaging diplomatic row between Seoul and Beijing. Hyundai’s first direct investment in a ride-hailing firm gives it a… Continue reading UPDATE 1-Hyundai invests in Grab to gain ‘foothold’ in Southeast Asia ride-hailing market
Toyota C-HR leads the pack as the top-selling new SUV in 2017
Toyota City, Japan, January 11, 2018―Toyota Motor Corporation today revealed strong results for its C-HR model in 2017(Jan.-Dec.), with sales topping 117,299 units1, earning the top spot among all automakers in the number of new SUVs sold in Japan in 2017. The C-HR debuted in December 2016 as an SUV that reflects Toyota’s commitment to… Continue reading Toyota C-HR leads the pack as the top-selling new SUV in 2017
Hyundai Motor and Grab Sign Strategic Partnership to Expand Mobility Service
SEOUL, South Korea and SINGAPORE, Jan. 10, 2018 /PRNewswire/ — Hyundai Motor Company, South Korea’s largest automaker, and Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today announced a strategic partnership that will expand Hyundai’s innovative future mobility services in Southeast Asia. The strategic partnership will help Hyundai explore new opportunities in the… Continue reading Hyundai Motor and Grab Sign Strategic Partnership to Expand Mobility Service
Toyota sees U.S. auto industry 2018 sales at 16.8 mln units -exec
(Reuters) – Toyota Motor Corp (7203.T) sees U.S. auto industry new vehicle sales at 16.8 million units in 2018, Jim Lentz, the Japanese automaker’s top executive in North American told Reuters on Wednesday. U.S. new vehicle sales fell 2 percent in 2017, after hitting a record high in 2016, and are widely expected to fall… Continue reading Toyota sees U.S. auto industry 2018 sales at 16.8 mln units -exec
Mazda, Toyota select Alabama for new U.S. auto manufacturing plant
2018/01/11 Company Information Investment to reach $1.6 billion for facility that will employ up to 4,000, open in 2021 Montgomery, Alabama (January 10, 2018) – Alabama Governor Kay Ivey and Huntsville Mayor Tommy Battle joined Mazda (MZDAF) and Toyota (NYSE: TM) leaders today to announce the automakers have selected Huntsville, Alabama as the site of… Continue reading Mazda, Toyota select Alabama for new U.S. auto manufacturing plant