Toyota’s electric vehicle strategy stands regardless of criticism, says CEO
Toyota Motor’s CEO Akio Toyoda has remained steadfast on the company’s electric vehicle strategy, despite criticism that the company’s plans are not ambitious or quick enough. Toyota has insisted that the complete public adoption of electric vehicles will happen later than some policymakers think it will, and the company plans on serving their customer with a variety of vehicles.
Toyota also cites that not every part of the world will adopt the same green energy policies as California and New York.
Apple has called it quits on its ambitious Apple car project, known internally as 'Project Titan', reallocating its 2000-strong workforce.
Apple has decided to pump the brakes on its electric car project, a move that could positively impact its stock performance, according to a report by Morgan Stanley.
Toyota is committing an additional $8 billion to its battery manufacturing facility in North Carolina, marking the largest investment by a foreign automaker in the United States since the passage of the Inflation Reduction Act (IRA) in 2022.
Toyota is recalling approximately 751,000 Highlander and Highlander Hybrid vehicles due to an issue with the mounting tabs on their bumpers that could lead to parts detaching, potentially causing accidents.
The United Auto Workers (UAW) union has been using CEO pay increases as a central argument in their negotiations with Detroit's three major automakers.
Toyota has announced a significant breakthrough in battery technology that could revolutionize the electric vehicle (EV) industry.
The top 10 largest automotive manufacturing supply chains include Volkswagen, Toyota, NRM Alliance (Nissan-Renault-Mitsubishi), General Motors (GM), Honda, Ford, Hyundai, Stellantis, BMW, and Mercedes-Benz.
Toyota engineers are developing a simulated manual transmission for electric cars, aiming to add a fun feature for those who enjoy the experience of shifting gears.
Shareholders at Toyota's annual general meeting rejected a proposal initiated by AkademikerPension, a Danish investment fund, calling for the automaker to improve its efforts in fighting climate change.
The Indus Motor Company (IMC) in Pakistan, which manufactures Toyota vehicles, has experienced ongoing production problems due to inventory shortages.
Toyota Indus, a subsidiary of Toyota operating in Pakistan, has announced the complete shutdown of its production plant in Karachi from June 3 to June 8, 2023.
Toyota has released a study suggesting that electric vehicles (EVs) may not be necessary to significantly reduce carbon emissions.
Progressive investors, including California Public Employees’ Retirement System (Calpers) and New York City’s public-worker pension funds, are seeking to remove Chairman Akio Toyoda from his position at Toyota.
A report by the Business and Human Rights Resource Centre (BHRRC) has revealed that major carmakers Tesla and Toyota are using batteries sourced from mines associated with human rights violations in Indonesia and the Philippines.
Toyota is reevaluating its inventory management approach after the pandemic highlighted the challenges of operating a just-in-time supply chain.
A Southeast Toyota distributor has signed a lease agreement with Jaxport's 88-acre facility in Florida.
Semiconductors are used in a wide variety of electronic components in modern vehicles, including engine control units, infotainment systems, and safety features such as airbags and anti-lock brakes.
According to Consumer Reports Top 10 Picks for cars, these automakers are at the top of the list for consumers.
Toyota has been slow to develop and bring electric vehicles to market, compared to other major automakers.
Why throw blueprints away, right? Chief Executive Akio Toyoda spoke of the company’s accelerated plan to meet sustainable vehicle goals by replacing the innards of vehicles already being manufactured in their factories.
With fifty judges from the United States and Canada’s auto journalism sector, the finalists were chosen due to innovation, design, safety, handling, driver satisfaction, user experience, and value.
BYD, a Chinese electric vehicle manufacturer, has ordered several car carriers to transport their products across the oceans on their own equipment.
Approximately $33 billion was pledged for new factory development in the automotive sector in the first eleven months of 2022, according to the Wall Street Journal.
The threats of incoming shortages are still prevalent, even after Toyota Motor Corp.’s announcement.
With the expectation of capturing approximately 11% of new vehicle sales in the country, Hyundai is having a breakout year.
Investors and corporations are being more “careful” than ever as economic conditions worsen and fully autonomous commercial cars are being called into question.
Decades ago, the likes of BMW, Volkswagen, and Mercedes-Benz bet it all on China, now selling more vehicles in China than in any other market and building dozens of factories in the country.
BMW Motors, the German automaker, is investing $1.7 billion in its United States operations in order to expand electric vehicle production in the country.
Carmakers showed off the best and brightest electric vehicles at the Paris auto show this week, otherwise known as the Mondial de l’Automobile.
Toyota Motor is recalling 381,199 Toyota Tacoma trucks from 2022 and 2023 in the US due to a brake performance issue posing a crash risk.