Tag - toyota

 
 

TOYOTA

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.
Toyota is one of many large employers in the U.S. ordering workers to their desks in recent months, ending policies implemented during the COVID pandemic.
BUSINESS / Companies
Jan 14, 2025
Toyota wants salaried staff back in office four days a week
Toyota denied the move is designed to reduce headcount but warned failure to comply could lead to "termination of employment.”
Nissan's Ariya electric crossover sport utility vehicle on the production line at the company's plant in Kaminokawa, Tochigi Prefecture
BUSINESS / Companies
Jan 7, 2025
Japan’s carmakers vow closer ties to regain ground in China
Japan’s automakers are united in their struggle to regain ground they’ve lost to the flashy offerings that have turned China into a global EV superpower.
Toyota Chairman Akio Toyoda speaks during the 2025 CES event in Las Vegas on Monday.
BUSINESS / Companies
Jan 7, 2025
Toyota invests in Japanese rocket startup as SpaceX races ahead
The investment is the latest sign of progress in the Japanese government’s push to nurture the country’s private space sector.
Toyota Chairman Akio Toyoda talks about the firm's Woven City smart town during the 2025 CES event in Las Vegas on Monday.
BUSINESS / Companies
Jan 7, 2025
Toyota aims to open its futuristic city near Mount Fuji this year
The initial residents of Woven City will be composed mostly of the carmaker’s own employees and their families.
Toyota's business is feeling the strain of intense competition over hybrid cars in the U.S. and locally made electric vehicles in China.
BUSINESS / Companies
Dec 25, 2024
Toyota sales stagnate as factory glitches compound weaker demand
Vehicle sales totaled 984,348 units last month, the Japanese automaker said Wednesday, down 0.2% year-on-year.
This is set to be the first time Toyota will donate to a U.S. inauguration ceremony.
BUSINESS / Companies
Dec 25, 2024
Toyota to donate $1 million to Trump’s inauguration ceremony
President-elect Trump says he plans to impose a 25% tariff on all imports from Mexico, triggering concerns from automakers that rely on Mexican production for the U.S. market.
Toyota is negotiating with local authorities and other parties involved to set up a wholly owned production plant in Shanghai in the wake of the Chinese government's foreign investment deregulation.
BUSINESS / Companies
Dec 24, 2024
Toyota eyes solo Lexus EV plant in Shanghai
The automaker, which currently ships Lexus models from Japan to China, intends to put the plant into production as early as around 2027.
Nissan CEO Makoto Uchida (left), Honda CEO Toshihiro Mibe (second from left) and Takao Kato, CEO of Mitsubishi Motors, hold a news conference on merger talks on Monday in Tokyo.
BUSINESS / Companies
Dec 23, 2024
Honda-Nissan megamerger in the works
Both carmakers are facing overcapacity and the need for huge investments related to electric-vehicle and self-driving technologies.
Nissan and Honda may be nearing a merger to address Nissan's struggles, forming a second major hub in Japan's auto industry to rival Toyota.
COMMENTARY / Japan
Dec 19, 2024
A Honda-Nissan merger is a slow-moving savior
Nissan is struggling — burning through cash and with billions of dollars of debt due in a little over a year.
Nissan President and CEO Makoto Uchida (left) and Honda President and CEO Toshihiro Mibe hold a news conference in Tokyo in March. Both automakers have been working together for months on a deal of some sort.
BUSINESS / Companies
Dec 18, 2024
Honda and Nissan might combine to form world’s No. 3 auto group
Mitsubishi, which has been working closely with Nissan since 2016, also might join the grouping.
Makoto Uchida (left), chief executive officer of Nissan Motor, and Toshihiro Mibe, chief executive officer of Honda Motor, attend a joint news conference in Tokyo in August.
BUSINESS / Companies
Dec 18, 2024
Nissan and Honda consider merger to take on world's biggest carmaker
Such a deal would create an automotive rival to Toyota and would effectively consolidate the Japanese auto industry into two camps.
Nissan Motor vehicles bound for shipment at the Nissan Oppama wharf in Yokosuka, Kanagawa Prefecture.
BUSINESS / Companies
Dec 3, 2024
Nissan is awash in outdated models as car buyers look elsewhere
While Japan’s other major carmakers take six months or more to ship a new vehicle, many of Nissan’s most popular models can be delivered within a month or two.
The largest corporate donors to the ruling LDP were Toyota Motor and Sumitomo Chemical, with ¥50 million each.
JAPAN / Politics
Nov 30, 2024
LDP received ¥2.4 billion in corporate donations in 2023
The figure is down 1.9% from the previous year, the first decline in three years, according to political funds records released Friday.
Toyota's global sales, including that of subsidiaries Daihatsu Motor and Hino Motors, rose 0.4% in October compared with last year, the first uptick in three months.
BUSINESS / Companies
Nov 28, 2024
Toyota’s sales and output plateau on downturn in Japan and China
The world’s biggest carmaker has seen sales and output fall throughout the year as Japanese carmakers struggle to compete in China.
Thierry Neuville and his co-driver, Martijn Wydaeghe, drive their Hyundai during Rally Japan, the final event of the World Rally Championships, in Ena, Gifu Prefecture, on Saturday.
MORE SPORTS / Auto Racing
Nov 24, 2024
Neuville wins world title after Tanak crashes at Rally Japan
Tanak went off the road near the end of the opening stage on the final day, meaning he could not catch championship leader Neuville in the overall standings.
Nissan CEO Makoto Uchida
BUSINESS / Companies
Nov 22, 2024
Nissan’s overly ambitious goals fuel investor and supplier distrust
Nissan’s latest outlook downgrade has shined a light on the Japanese carmaker’s tendency to overpromise and underdeliver.
Hyundai's Thierry Neuville and co-driver Martijn Wydaeghe compete during an event in Finland last year.
MORE SPORTS
Nov 21, 2024
'Sport will have the last word' as World Rally title goes down to the wire in Japan
The only certainty about this year's World Rally Championship is that a Hyundai driver will take the title.

Longform

Atsuyoshi Koike, the president and CEO of Rapidus, says there is a “sense of urgency” when it comes to Japan’s efforts in manufacturing semiconductors. “We have to make sure we are successful,” he says.
Atsuyoshi Koike’s big game: Fourth down and 2 nanometers to go