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March 29, 2025
 

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TOYOTA

The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
Apr 5, 2024
BOJ downgrades biggest number of regional economies in two years
The central bank kept its appraisals of just two areas unchanged, according to a quarterly regional economic report Thursday.
Japanese automakers explore a unified approach and industry consolidation to stay competitive in the global EV market.
COMMENTARY / Japan
Mar 19, 2024
As China’s EVs approach, Japan’s carmakers must step on the gas
China sees an opportunity to dominate, and just as it did with sectors from steel to solar panels, it’s unlikely to always play fair.
A vehicle developed by Toyota, inspired by the Pokemon character Miraidon, on display in Tokyo on Thursday
BUSINESS / Companies
Mar 15, 2024
Toyota engineers develop vehicle inspired by 'Pokemon' character
The vehicle will be on display at the Tokyo Midtown Hibiya complex for three days from March 15.
Aichi police assert that the duo also received approximately ¥5.9 million in kickbacks for the fraudulent practice from the company that it placed orders with.
JAPAN / Crime & Legal
Mar 13, 2024
Two former Toyota employees arrested on fraud charges
The employees allegedly defrauded the company out of ¥11.5 million ($78,000) by inflating expenses and placing questionable orders.
Earl Stewart, a Toyota dealer, says he was shocked when he first heard about Toyota’s strategy.
BUSINESS
Mar 13, 2024
Toyota’s hybrid-first strategy is delivering big profits
Toyota’s sales are booming, and the company is reporting huge profits.
Vehicles on display at a Toyota car dealership in Rio de Janeiro, Brazil
BUSINESS / Companies
Mar 6, 2024
Toyota ups its bet on hybrids in Brazil with $2.2 billion plan
The firm will expand production capacity in Latin America’s largest economy for models that use hybrid-flex fuel technology.
Daihatsu saw its sales fall by about 60% in January amid a scandal over fraudulent testing.
BUSINESS
Mar 1, 2024
Japan auto sales down almost 20% in February
The decline reflected the effects of certification test scandals, with new vehicle sales at Daihatsu down roughly 80% and those at Toyota down about 30%.
Toyota's domestic sales for January fell for the first time in 13 months as a data-rigging scandal at its small-car unit Daihatsu led to a production halt of some Toyota brand cars the unit made.
BUSINESS / Companies
Feb 28, 2024
Toyota Group sales lose steam amid fallout from test data scandals
Domestic sales for January fell for the first time in 13 months while worldwide production fell 3.8%, the first global decline in 13 months.
Nissan's Ariya electric crossover sport utility vehicle assembled by robots at the company's plant in Kaminokawa, Tochigi Prefecture
BUSINESS / Companies
Feb 19, 2024
Japan carmakers forge ahead with EV investments despite slowdown
Outside of Japan, signs of a scaling back are everywhere, with the exception of China.
Labor unions at Toyota and other carmakers are seeking record pay increases in this year's spring wage negotiations.
BUSINESS / Companies
Feb 15, 2024
Major auto firm unions request record pay hikes ahead of annual talks
Whether major automakers fully accept unions' demands for a second consecutive year is set to be in focus after the prime minister called for wage hikes.
Masahiro Inoue, incoming chief executive officer of Daihatsu Motor, during a news conference in Tokyo on Tuesday
BUSINESS / Companies
Feb 13, 2024
Toyota replaces Daihatsu chief after safety scandal
Masahiro Inoue, the CEO of Toyota Latin America, will replace Soichiro Okudaira effective March 1.
BUSINESS / Companies
Feb 12, 2024
Daihatsu resumes production of two models at Kyoto plant
The Toyota subsidiary hopes to restart gradually but its domestic vehicle production schedule remains unclear.
Monet Technologies' robotaxi service, partly designed to address serious shortages of taxi drivers, will use vehicles based on Toyota's Sienna minivan.
BUSINESS / Tech
Feb 11, 2024
Toyota affiliate to start Robotaxi service in Tokyo
The new robotaxi service, partly designed to address serious shortages of taxi drivers, will use vehicles based on Toyota's Sienna minivan.
Daihatsu President Soichiro Okudaira submits a report to transport minister Tetsuo Saito on measures the automaker will take to prevent a recurrence of safety testing fraud, on Friday in Tokyo.
BUSINESS / Companies
Feb 10, 2024
Daihatsu reports measures to prevent recurrence of testing fraud
"We want to implement recurrence prevention measures firmly and make the company capable of doing its job properly," the firm's president said.
Workers install components on a RAV4 hybrid sport utility vehicle at the Toyota manufacturing plant in Georgetown, Kentucky.
BUSINESS / Companies
Feb 7, 2024
Toyota boosts spending on EV production in U.S. by $1.3 billion
The automaker said the added spending is earmarked for its first U.S.-made EV and other unspecified battery-powered models.
Toyota raised its annual net profit forecast to a record high ¥4.5 trillion in the year ending in March.
BUSINESS / Companies
Feb 6, 2024
Toyota raises annual net profit forecast as chip shortage eases
But scandals involving rigged engine and safety tests at subsidiaries led the firm to slightly revise down its sales target for the financial year.
Toyota's hybrid RAV4 Prime at an auto show in Los Angeles in 2019
BUSINESS
Feb 2, 2024
Toyota to outshine rivals as more consumers opt for hybrids amid EV slowdown
Toyota is expected to offer an upbeat outlook when it reports its earnings on Tuesday, helped by its heavy reliance on hybrids.
Toyota plans to shorten plant operating hours and review its product development plans, with tight schedules being partly blamed for the scandals involving group companies Daihatsu and Toyota Industries.
BUSINESS / Companies
Feb 2, 2024
Toyota to shorten plants' maximum operating hours
The 30-minute reduction is aimed at giving workers a more flexible schedule following a series of certification irregularities at its group companies.
Cars ready to be loaded onto a ship for export at the port in Yantai, in China's eastern Shandong province, on Jan. 2
BUSINESS / Economy
Jan 31, 2024
China seized Japan's crown for vehicle exports in 2023, data shows
The Chinese auto sector has boomed in recent years largely because of massive investments in electric cars, while Japanese firms have been more cautious.
Toyota Motor Chairman Akio Toyoda speaks during a news conference in Nagoya on Tuesday.
BUSINESS / Companies
Jan 30, 2024
World No. 1 but mired in scandal: Toyota sees mixed start to 2024
Despite the steady performance of its business, the carmaker has been shaken by wrongdoing at group firms, leading to an apology from the chairman.
Japan considers all possible options as Trump threatens new auto tariffs
Subaru cars awaiting export at a port in Yokohama on Thursday.
Massive quake kills at least 150 in Myanmar and Thailand
Medical workers treat a earthquake survivor on a bed in the compound of a hospital in Naypyitaw on Friday, after an earthquake in central Myanmar.
Student suicides in Japan hit all-time high
A volunteer handles an incoming call at the Tokyo Befrienders call center, a suicide hotline center in Japan's capital.
Tourist submarine sinks in Red Sea of Egypt, leaving 6 people dead
The interior of a Sindbad submarine vessel at sea off Hurghada, Egypt, in August 2024, in this still image obtained from video.
Yellow sand blankets cities across Japan
The Meteorological Agency forecast the yellow sand to move away from eastern Honshu by 6 p.m. on Wednesday. But it will continue to cover parts of western Honshu and Shikoku until Thursday morning, it said.
Recent spate of wildfires in Japan and South Korea linked to climate change
Smoke and flames rise from a wildfire in Andong, South Korea, on Tuesday.
Hanami season to have record ¥1.39 trillion economic impact on Japan
Cherry blossoms along a road in Tokyo on Tuesday. The 2025 cherry blossom season is expected to have an economic impact of around ¥1.39 trillion on Japan.
Tokyo Series proves to be big business for MLB — and Japanese companies
An advertisement featuring Shohei Ohtani in Tokyo.
New SDF command will be key for contingency planning, Australian commander says
A Maritime Self-Defense Force SH-60K "Super Auk" from JS Shiranui prepares to land on HMAS Brisbane during Exercise Malabar 2023 while off the coast of New South Wales, Australia.
Japanese wages likely to rise more than 5% again this year
Wages are set for another big increase this year as annual negotiations secure generous agreements.

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