Toyota

Toyota Expands Presence in China with New Wholly-Owned Lexus Factory in Shanghai

27 days ago

Toyota Motor Corporation has secured a significant foothold in the Chinese automotive market by finalizing a deal to fully own a new Lexus manufacturing plant in Shanghai. This strategic move comes amid rising demand for luxury vehicles in China, which has become the world's largest market for premium cars. The agreement marks a pivotal shift in Toyota's operational strategies, as it transitions from joint ventures to wholly-owned factories in the region.

Toyota’s North America Sales Soar as Consumers Rush to Beat Imminent Tariffs

27 days ago

Toyota has recently witnessed an impressive surge in sales across North America, attributed to a flurry of consumer purchases made in anticipation of impending tariff hikes. The heightened activity in the automotive market reflects a strategic approach taken by buyers looking to capitalize on current pricing before potential increases push costs higher.

Toyota's $88 Million Investment in West Virginia Plant to Boost Hybrid Production

27 days ago

Toyota Motor Corp. has announced a significant investment of $88 million aimed at enhancing its hybrid vehicle production capabilities at its West Virginia manufacturing facility. This strategic move is a part of the company's ongoing commitment to meet the growing demand for environmentally friendly vehicles, particularly hybrids and electric models.

Toyota's February Global Sales Soar Amidst Surge in Japan Shipments

2 months ago

Toyota Motor Corp has reported a significant upswing in its global vehicle sales for February, driven largely by a remarkable surge in shipments from Japan. The automotive giant sold approximately 1.04 million vehicles during this period, marking an increase of 2.1% compared to the same month last year. This growth is attributed to robust demand both domestically and internationally.

Japan's Automakers in Turmoil: Shares Plummet Amidst Trump’s Proposed Auto Tariffs

2 months ago

In a significant blow to the Japanese automotive sector, shares of major car manufacturers have seen a sharp decline following the announcement of proposed auto tariffs by former President Donald Trump. This decision has sent shockwaves through the industry, raising concerns about the profitability and operational strategies of these global car makers.

Toyota Raises Concerns Over Tesla Collaboration in Europe

2 months ago

Toyota Motor Corp., a global leader in the automotive industry, has expressed significant apprehension regarding the partnership forged with Tesla in Europe. This collaboration, originally aimed at accelerating the production of electric vehicles (EVs) and enhancing the companies’ capacities in the rapidly evolving electric market, is now seen as potentially fraught with risk.

Toyota's Domestic Sales Surge: A Strong Comeback After Recent Scandals

3 months ago

In a striking turnaround, Toyota Motor Corporation has reported a substantial rebound in its domestic sales, highlighting the company's effective recovery from several recent scandals that had previously tarnished its reputation. The Japanese automotive giant has managed to regain consumer trust and stabilize its market presence, signaling a hopeful outlook for its financial performance moving forward.

Toyota's Bold Move to Reinvent Board Dynamics with Independent Directors

3 months ago

Toyota Motor Corporation is taking significant steps to refresh its board of directors by inviting independent directors to join the ranks, aimed at injecting new perspectives and expertise into the company. This initiative comes as part of Toyota's broader strategy to enhance its governance and adaptability in a rapidly transforming automotive market, which increasingly emphasizes electric vehicles and technological advancements.

Toyota Invests Heavily in LG Energy Solution for Future Battery Production

3 months ago

In a significant development for the electric vehicle (EV) market, Toyota has placed a substantial order worth $1.5 billion with LG Energy Solution. This move underscores Toyota's commitment to strengthening its supply chain for electric vehicle batteries while also fostering a closer partnership with one of the leading battery manufacturers in the world.

Japanese Carmakers Face Major Setback as Shares Plunge Ahead of Trump's Tariff Announcement

4 months ago

In a startling turn of events, shares of major Japanese automakers have experienced a significant drop as investors brace for an imminent announcement of steep tariffs by the Trump administration. This potential imposition of tariffs could have far-reaching consequences for the automotive industry, particularly for companies that hold substantial market shares in the United States.