Tag - toyota

 
 

TOYOTA

Toyota's new research and development center in India will begin operations with a team of about 200 people in Bengaluru.
BUSINESS / Companies
Mar 21, 2025
Toyota’s new R&D unit signals its sharper India focus
The research facility comes after Toyota last year reorganized India to be the hub of its operations across the Middle East, East Asia and Oceania region.
Hino Motors pleaded guilty on Wednesday over a multiyear emissions fraud scheme in the United States and must pay $1.6 billion in penalties.
BUSINESS / Companies
Mar 20, 2025
Toyota's Hino pleads guilty to U.S. emissions fraud and is fined $1.6 billion
Hino admitted that between 2010 and 2019, it used "illicit short-cuts" and submitted false applications for engine certification approvals.
An official from the Japan Council of Metalworkers' Unions writes down the results of this year's "shuntō" annual spring labor negotiations on Wednesday.
BUSINESS / Companies
Mar 12, 2025
Major Japanese companies agree to solid pay and bonus hikes
Toyota, Mitsubishi Heavy Industries, Hitachi, Fujitsu and NEC are among companies that say they have agreed to their respective labor unions' demands.
A Toyota bZ4X battery electric vehicle on display at the company's showroom in Toyota, Aichi Prefecture, in June 2024
BUSINESS / Companies
Mar 12, 2025
Toyota sees potential risk to deal brokered with Tesla in Europe
Toyota and other carmakers that were planning to pool with Tesla for this year may need much less help than envisioned back in January.
Toyota will suspend three lines at two plants in Aichi Prefecture on Monday.
BUSINESS / Companies
Mar 9, 2025
Explosion and fire lead Toyota to halt production at two plants in Aichi from Monday
The suspension is believed to be due to the effects of an explosion and fire accident at a plant of Chuo Spring, a Toyota affiliate, on Thursday.
U.S. President Donald Trump is exempting automakers from newly imposed tariffs on Mexico and Canada for one month, the White House said Wednesday, as a temporary reprieve following pleas from industry leaders.
BUSINESS / Economy
Mar 6, 2025
Trump’s tariff pause cheered globally and watched closely in Tokyo
The U.S. president is delaying 25% tariffs on cars from Mexico and Canada and might consider carve-outs for agricultural imports from those countries.
An explosion at a factory in Toyota, Aichi Prefecture, left one person killed on Thursday.
JAPAN
Mar 6, 2025
Explosion at Aichi auto parts factory kills one and injures two
A dust collector inside Chuo Spring's Fujioka plant, which produces springs for automobiles, exploded shortly after 8 a.m.
John Bozzella, president of the International Organisation of Motor Vehicle Manufacturers (OICA), president and CEO of the United States-based Alliance for Automotive Innovation (Auto Innovators), speaks at the Paris Automotive Summit during the 2024 Paris Auto Show on Oct. 15, 2024.
BUSINESS / Markets
Mar 5, 2025
Automakers warn that Trump tariffs will hike vehicle prices as much as 25%
Many in the industry warn that the tariffs will disrupt the integrated supply chain across North America that has been in place for more than 25 years.
Toyota’s announcement to hand out perks to its shareholders comes as some Japanese firms begin reintroducing perks to attract retail investors.
BUSINESS / Companies
Mar 4, 2025
Toyota to hand out shareholder perks to entice retail investors
Some Japanese firms have begun reintroducing perks to attract retail investors, a practice that has drawn criticism from some global funds.
A worker assembles electronic car keys at a manufacturing plant in Jalisco State, Mexico, on Feb. 20. The production of key fobs is an example of the benefits of the USMCA free trade agreement, which has simplified manufacturing and supply chains.
BUSINESS / Markets
Mar 3, 2025
The risks of Trump tariffs encapsulated in a car key
Electronic car keys are assembled in Mexico, but can cross borders in North America several times before being finished.
According to a tally released on Thursday, some 1,416 labor unions under the umbrella of the Japan Council of Metalworkers’ Union requested a monthly base salary gain of ¥14,149 ($94.84) on average in talks expected to culminate with a deal next month.
BUSINESS / Companies
Feb 27, 2025
Japan's metalworker unions demand record pay hike
The demand by Japan Council of Metalworkers’ Union is an early sign of continued momentum for pay growth in the country.
Global sales, including that of subsidiaries Daihatsu Motor and Hino Motors, rose 2% from a year ago to 846,744 units, a record for the month of January, Toyota Motor said Thursday.
BUSINESS / Companies
Feb 27, 2025
Toyota’s domestic sales rebound as it recovers from scandals
Despite unease in major markets and a dip in quarterly profit, Toyota raised its annual profit guidance for the fiscal year ending in March.
Toyota unveils a part of Woven City in Susono, Shizuoka Prefecture, on Saturday.
BUSINESS / Companies
Feb 24, 2025
Toyota unveils Woven City to test future mobility
The demonstration city includes roads dedicated to automated mobility on the ground and "logistics streets."
Toyota agreed to transfer an existing order with LG Energy Solution to LG's battery plant in Michigan, sources said, after General Motors backed out of the project amid a slowdown in the growth of electric vehicle sales.
BUSINESS / Companies
Feb 19, 2025
Toyota is backing LG battery plant with $1.5 billion order
GM said in December it would sell its $1 billion stake in the Lansing, Michigan, plant, leaving LG scrambling to find new customers.
Labor unions at major Japanese automakers submitted their wage hike requests on Wednesday, but it is uncertain whether the strong pay hike momentum seen in last year's labor-management talks can be maintained.
BUSINESS
Feb 12, 2025
Japanese auto unions submit wage hike demands
Negotiations are expected to intensify toward March 12, when many major companies will give their answers to their labor unions.
Toyota is investing in increased capacity for electric vehicles and has unveiled plans to establish a subsidiary in Shanghai.
BUSINESS / Companies
Feb 5, 2025
Toyota raises annual profit guidance despite quarterly income drop
The automaker now expects a profit of ¥4.7 trillion ($31 billion) for the fiscal year ending March, up from its previous forecast of ¥4.3 trillion.
Honda and Nissan announced in December that they plan to unite both brands under a single holding company.
BUSINESS / Companies
Jan 30, 2025
Case for Honda-Nissan tie-up strengthened as sales fall at both automakers
In the competitive China market, Nissan’s sales fell 12% last year while Honda saw a 30% decline.
Car dealer Toyota Mobility Tokyo and used car dealer Goodspeed are believed to have committed illegal practices, such as discounting vehicles in exchange for buying specific insurance products.
BUSINESS / Companies
Jan 21, 2025
Japan's FSA to issue business improvement order to Toyota dealer
The Toyota subsidiary and Goodspeed are suspected of illegal practices such as discounting vehicles in exchange for buying specific insurance products.
Hino Motors was charged with fraud in the U.S. District Court in Detroit for unlawfully selling 105,000 heavy-duty diesel engines in the United States from 2010 through 2022 that did not meet emissions standards.
BUSINESS / Companies
Jan 16, 2025
Hino Motors reaches $1.6 billion U.S. diesel emissions settlement
Hino said it booked an extraordinary loss of ¥230 billion in its second quarter results in October to cover the expected costs of resolving the litigation.
Australia's Michael Hooper during the 2019 World Cup in Oita.
MORE SPORTS / Rugby
Jan 15, 2025
Wallabies great Michael Hooper set for comeback with Japan move
The 33-year-old played the last of his 125 test matches in 2023 before being unceremoniously axed by then-coach Eddie Jones.

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