Toyota, Panasonic form joint venture in housing for Japan
TOKYO (AP) — Japanese automaker Toyota and electronics giant Panasonic are forming a joint venture combining their housing businesses in Japan to showcase technologies such as connected cars and...
Toyota, SoftBank fund, Denso invest $1 billion in Uber
TOKYO (AP) — Japan's top automaker Toyota, auto parts maker Denso and internet company SoftBank's investment fund are investing $1 billion in car-sharing Uber's technology unit.
Toyota robot can’t slam dunk but shoots a mean 3-pointer
TOKYO (AP) — It can't dribble, let alone slam dunk, but Toyota's basketball robot hardly ever misses a free throw or a 3-pointer.
The 207-centimeter (six-foot, 10-inch)-tall machine made...
Japan’s Honda, Hino join SoftBank-Toyota mobility venture
TOKYO (AP) — Japanese automakers Honda and Hino are joining a partnership between SoftBank and Toyota for mobility service innovation such as self-driving cars.
Tokyo’s Olympics may become known as the ‘Robot Games’
TOKYO (AP) — Tokyo's Olympics may become known as the "Robot Games."
Organizers on Friday showed off robots that will be used at the new National Stadium to provide assistance for fans using...
Toyota investing $750M at 5 US plants, creating 600 jobs
BUFFALO, W.Va. (AP) — Toyota Motor Corp. on Thursday announced it is investing an additional $750 million at five U.S. plants that will bring nearly 600 new jobs, including the production of two...
Toyota profit plummets despite moderately solid sales
TOKYO (AP) — Toyota's fiscal third quarter profit plunged to 180.9 billion yen ($12.6 billion), about a fifth of what the Japanese automaker earned the previous year, despite relatively solid sales, the Japanese automaker said Wednesday.
Toyota Motor Corp.'s October-December profit in 2017 had totaled 941.8 billion yen, helped by perks from U.S. tax reforms.
Toyota, Japan's No. 1 automaker, said that profit for the latest quarter was also hurt by unrealized gains and losses in equity securities.
Toyota, Panasonic announce venture for green auto batteries
TOKYO (AP) — Toyota Motor Corp. and Panasonic Corp. are setting up a joint venture to research, manufacture and sell batteries for ecological autos, an increasingly lucrative sector amid concerns about global warming.
The Japanese automaker and the Japanese electronics maker said in a joint statement Tuesday that Toyota will take a 51 percent stake and Panasonic 49 percent in the joint venture, which is to be running by the end of 2020.
Texas governor visits Toyota CEO while on vacation in Japan
AUSTIN, Texas (AP) — Texas Gov. Greg Abbott is in Japan on what his office says is a family vacation but also taking some official meetings.
Abbott spokesman John Wittman said Thursday the governor met the day after Christmas with Toyota Motor Corp. CEO Akio Toyoda. The automaker relocated its North American headquarters to Dallas last year.
Abbott has also met with U.S. Ambassador to Japan Bill Hagerty.
Toyota quarterly profit rises on growing sales, cost cuts
TOKYO (AP) — Toyota Motor Corp. reported a 28 percent surge in its net profit in the last quarter, helped by growing sales in Europe, Asia and the Americas, and raised its earnings forecast for the full year.
The top Japanese automaker said Tuesday that its July-September profit totaled 585.1 billion yen ($5.2 billion), up from 458.3 billion yen the year before. Quarterly sales rose 2 percent to 7.31 trillion yen ($64.7 billion).
Toyota recalls 2.4 million hybrids due to stalling problems
TOKYO (AP) — Toyota Motor Corp. says it has issued a recall for 2.43 million hybrid vehicles in Japan and elsewhere for potential problems with stalling.
The company said Friday that in rare cases the vehicles might fail to enter a "failsafe" driving mode, lose power and stall. Power steering and braking would still work but a stall at a fast speed could increase risks of a crash.
Auto parts maker invests $100 milllion, will hire 50
GUNTOWN, Miss. (AP) — An auto parts maker is investing $100 million to overhaul its northeast Mississippi factory, hiring 50 new workers.
Auto Parts Manufacturing Mississippi, ultimately owned by Toyota Motor Corp., announced the expansion Tuesday at its Guntown factory. It now employs 400.
The company, which makes body parts, says it's increasing production for the 2019 Corolla model being assembled at Toyota's nearby Blue Springs plant.
Death toll rises, flights resume, power back in Japan quake
SAPPORO, Japan (AP) — Japanese rescue workers and troops searched Saturday for the missing for a third straight day in a northern hamlet buried by landslides from a powerful earthquake. Power was restored to most households and international flights resumed to the main airport serving the Hokkaido region.
TOKYO (AP) — Toyota Motor Corp. logged a better than expected performance in the last quarter, reporting Friday that its quarterly profit jumped 7.2 percent to a record 657.3 billion yen ($5.9 billion), thanks to strong sales in the U.S. and other overseas markets.
The maker of the Camry sedan, Prius hybrid and Lexus luxury models said sales rose 4.5 percent, also to a record, of 7.4 trillion yen ($66 billion). Toyota's profit in the same quarter a year earlier was 613.0 billion yen.
Toyota investing $1 billion in ride-hailing company Grab
TOKYO (AP) — Japan's top automaker Toyota Motor Corp. is investing $1 billion in Grab, the leading ride-hailing company in Southeast Asia, the company said Wednesday.
Toyota said it reached a deal with Grab Holdings to strengthen the existing partnership to grow in mobility services in the region.
A Toyota executive will be appointed to Grab's board and another Toyota official is being tapped to be an executive officer at Grab, the company said.
ANDERSON, S.C. (AP) — A South Carolina jury has awarded $12 million to the family of a high school senior who died after an axle fractured on her SUV almost six years ago.
Global stocks subdued as US mulls auto import tariffs
BANGKOK (AP) — World stock markets were subdued Thursday as carmakers' shares fell after the Trump administration said it was investigating imposing new tariffs on imports of autos and auto parts.
KEEPING SCORE: Germany's DAX was flat at 12,975 and the CAC 40 in France rose 0.4 percent to 5,589. The FTSE 100 in Britain was down 0.1 percent at 7,782. Futures for the S&P 500 were flat while the Dow futures edged down less than 0.1 percent.
Toyota reports improved quarterly profit despite incentives
TOKYO (AP) — Toyota Motor Corp. reported Wednesday that its quarterly profit rose 21 percent as cost cuts and booming sales in some markets offset the toll from higher U.S. incentives.
January-March profit at Toyota, which makes the Camry sedan, Prius hybrid and Lexus luxury models, totaled 480.8 billion yen ($4.4 billion), up from 398 billion yen the same quarter the previous year. Quarterly sales rose nearly 2 percent to 7.58 trillion yen ($69 billion).
ITTA BENA, Miss. (AP) — The head of Toyota Motor Corp.'s Mississippi operations will address graduates at Mississippi Valley State University.
The school says Sean Suggs, who is responsible for all manufacturing and administrative functions at the Toyota plant in Blue Springs, will speak to 400 graduates Saturday morning at Rice-Totten Stadium on the Itta Bena (it-UH' BEE'-nuh) campus.
LINCOLN, Neb. (AP) — Gov. Pete Ricketts is touting Japanese investments in Nebraska with a business delegation that is visiting the state to attend Berkshire Hathaway's annual shareholder meeting.
Ricketts met Thursday with executives from the Toyota Motor Corporation, Canon Marketing Japan, Kawasaki Heavy Industries and Mitsubishi Heavy Industries America.
Toyota to spend $170M to expand Mississippi plant, hire 400
JACKSON, Miss. (AP) — Toyota Motor Corp. announced Thursday that it will invest $170 million and add 400 jobs at its Mississippi assembly plant as it shifts some production of the Corolla sedan from Canada.
The company said it will retool the Blue Springs plant beginning later this year to make its next-generation Corolla sedan. Such changeovers are frequent at auto plants, but this one will also increase the plant's capacity.
Toyota to deploy vehicle-to-vehicle tech in 2021
Toyota Motor Corp. laid out plans to start putting short-range communications chips in U.S. vehicles in the next three years, staking out its position in a battle to make cars safer by getting them to "talk" with one another.
TOKYO (AP) — Hino Motors, Toyota Motor Corp.'s group truck manufacturer, and Volkswagen Truck & Bus of Germany say they have agreed to work together in a partnership on technologies like hybrids, electric cars, autonomous driving and connectivity.
Under the deal signed Thursday, each company will maintain independence, but executive teams will work together to map out cooperation on innovating technology and leveraging market positions.
Howes: Hype takes a back seat in self-driving car death
As lone traffic fatalities go, the autonomous-vehicle accident last Sunday that claimed the life of an Arizona woman is no ordinary collision.
It should force a reappraisal across the industry and everyday consumers, among government regulators and overly bullish investors. The result: a clearer understanding that a self-driving future must reckon with a real-world reality of rules, safety and imperfect technology with a lot to learn.
Volvo, Toyota steering clear of Uber crash’s impact
Carmakers who've linked their autonomous futures to Uber Technologies Inc. could feel the effects after a self-driving car from the ride-hailing giant hit and killed a woman in Tempe, Arizona, on Sunday evening.
Toyota reinvents its Supra sports car
The Supra is back, and it's more than a halo car for Toyota Motor Corp. It's a statement of intent.
- Business WireGlobal Fuel Cell Commercial Vehicle Market 2019-2023 - Key Players are Daimler, General Motors, Hyundai Motor Company, NFI Group, Toyota Motor Corp, and Volkswagen - ResearchAndMarkets.comMay 7, 2019
- Business WireToyota, DENSO and SoftBank Vision Fund to Invest $1 Billion in Uber’s Advanced Technologies GroupApril 19, 2019
- Business WireToyoda Gosei Develops Battery Case for Electrified VehiclesApril 3, 2019
Toyota joins Uber, Amazon, Pizza Hut for driverless pod
Las Vegas — The automotive industry is finally getting ready to deliver on its long-promised future of advanced, driverless cars. To get to the marketplace first, companies are pairing off to share technology and co-develop business models.
Ex-Toyota head Tatsuro Toyoda, who led overseas drive, dies
TOKYO (AP) — Tatsuro Toyoda, the former Toyota Motor Corp. president who led the company's climb to become one of the world's top automakers, has died. He was 88.
Toyoda, a son of the company's founder, died Dec. 30 of pneumonia, the Japanese automaker said Saturday.
Toyoda, the automaker's seventh president, stepped down from the position in 1995, while continuing in other posts, such as adviser, a title he held until his death.
TOKYO - Toyota plans to offer more than 10 purely electric vehicle models in its lineup by the early 2020s, marking the Japanese automaker's commitment to that growing technology sector.
Toyota Motor Corp. now offers no purely electric vehicles, although it leads in hybrid models, which switch between an electric motor and a gas engine.
Toyota says it sold 10.35 million vehicles this year
TOKYO (AP) — Toyota Motor Corp. says it sold 10.35 million vehicles around the world this year, up 2 percent from the previous year, and predicts higher sales next year.
The number, announced Wednesday, is likely to put the Japanese automaker close to last year's No. 1, Volkswagen AG of Germany.
Volkswagen sold 10.3 million vehicles last year, putting it ahead of Toyota and U.S. automaker General Motors.
Toyota planning 10 purely electric vehicles by 2020s
TOKYO (AP) — Toyota plans to offer more than 10 purely electric vehicle models in its lineup by the early 2020s, marking the Japanese automaker's commitment to that growing technology sector.
Toyota Motor Corp. now offers no purely electric vehicles, although it leads in hybrid models, which switch between an electric motor and a gas engine.
Toyota says Mississippi plant makes millionth Corolla sedan
BLUE SPRINGS, Miss. (AP) — Toyota Motor Corp. says its Mississippi plant has assembled its millionth Corolla sedan.
The company made the announcement Tuesday, a little more than six years after it started assembling cars at the $800 million Blue Springs plant.
The Japanese company marked the 10th anniversary of its groundbreaking earlier this year with a series of celebrations.
FCA plans hydrogen-engine partnership with Hyundai
Fiat Chrysler Automobiles is in talks with South Korea's Hyundai Motor Co. about a partnership to develop hydrogen engines.
The alliance, which would also cover transmissions,could become "a strong one," Fiat Chrysler Chief Executive Officer Sergio Marchionne said over the weekend at the Alfa Romeo Museum in Arese, near Milan. "We welcome the interest from other automakers in our advanced transmissions and hydrogen-powered technologies," Hyundai said in an email Monday.
Amid global electric-car buzz, Toyota bullish on hydrogen
TOYOTA, Japan (AP) — At a car factory in this city named after Toyota, the usual robots with their swinging arms are missing. Instead, workers intently fit parts into place by hand with craftsmanship-like care.
The big moment on the assembly line comes when two bulbous yellow tanks of hydrogen are rolled over and delicately fitted into each car's underside.
N.C., Ala. reportedly top picks for Toyota, Mazda plant
Alabama and North Carolina are the final states in the running to win a prized Toyota Motor Corp. and Mazda Motor Corp. joint car factory worth $1.6 billion, according to people familiar with the negotiations.
Official: Toyota-Mazda reject Memphis industrial site
MEMPHIS, Tenn. (AP) — A state official says Toyota Motor Corp. and Mazda Motor Corp. have eliminated an industrial site in Tennessee from consideration for their new auto manufacturing plant.
Howes: Advantage China in global auto investment game
The Chinese auto industry's bid for global legitimacy depends on access to the good ol' U.S. of A.
But as President Trump likely will be reminded in a series of meetings in Beijing — including with President Xi Jinping — the rules controlling foreign auto investment in China are far tougher than they are in the United States. That's because they favor the Chinese.
Toyota cuts production costs to fund research
The knives are out on costs at Toyota Motor Corp.
Asia's biggest automaker saved 100 billion yen ($875 million) in the half year ended September through measures including the continued roll out of a new manufacturing process. That's more than $3,300 every minute in those six months.
Toyota profit rises on sales growth, cheap yen, cost cuts
TOKYO (AP) — Toyota Motor Corp. reported Tuesday that it saw a 16 percent gain in fiscal second quarter profit as sales grew and a cheaper yen offset higher marketing costs.
Toyota, Japan's top automaker, said its July-September profit totaled 458.2 billion yen ($4 billion), up from 393.7 billion yen the same period last year. Quarterly sales grew 10 percent to 7.14 trillion yen ($62.7 billion).
Trump in Japan: ‘Try building your cars in the U.S.’
Washington — President Donald Trump pushed Japanese automakers to build more cars in the U.S. during his visit to that country.
A swath of companies, including Detroit automakers Ford Motor Co. and General Motors Co., are investing a total of $11 million in the latest round of funding for self-driving car test-center Mcity.
Ford and GM — joined by Honda Motor Co. and Toyota Motor Corp. — are among the 11 companies joining Mcity's Leadership Circle that each have promised to invest a total of $1 million over the next three years in the autonomous vehicle proving ground at the University of Michigan.
Toyota to unveil North American engineering HQ in Kentucky
GEORGETOWN, Ky. (AP) — Toyota Motor Corp. is set to show off its new North American engineering headquarters in Kentucky.
The Japanese automaker says in a news release the unveiling of the $80 million engineering headquarters will take place Monday in Georgetown.
Among those scheduled to attend are Kentucky Gov. Matt Bevin and Toyota Motor North America CEO Jim Lentz.
Nissan executive bows to apologize for inspections scandal
TOKYO (AP) — Nissan Executive Vice President Daniele Schillaci bowed deeply for several seconds in a Japanese-style apology Wednesday, expressing his remorse for widespread illegal inspections at the automaker.
"I would like to take this opportunity to express a sincere apology for our recent issues," he said at the Nissan Motor Co. booth at the Tokyo Motor Show. "We sincerely regret any inconvenience and concern this has caused our valued customers."
Toyota, Honda confirm safety of some Kobe Steel products
TOKYO (AP) — Japanese automakers have confirmed use of Kobe Steel products affected by fake inspection data, but say they have found no safety concerns so far.
Toyota Motor Corp. and Honda Motor Corp. issued statements late Thursday outlining preliminary findings from checks of materials and parts from Kobe Steel. Japanese media cited officials from other automakers making similar announcements.
Toyota-Mazda assembly plant will not be coming to Nebraska
Nebraska won’t be the site of a new Toyota-Mazda plant.
The Omaha, Lincoln and Nebraska Chambers of Commerce, and the state’s Economic Development Department had teamed to lure the car companies to the area after the companies said they would build a $1.6 billion auto assembly plant in the U.S. that would employ some 4,000 people.
As of September, Nebraska had been on a list of a dozen or so states still in contention.
Toyota plant closure latest step in Australian “Carmageddon”
SYDNEY (AP) — After looming for four years, "Carmageddon" has hit the Australian auto industry.
Toyota closed its factory in Melbourne on Tuesday, ending 54 years of production by the Japanese firm in Australia, the first country outside of Japan where the company made cars.
Iconic local brand Holden plans to shutter its factory in Adelaide on Oct. 20, ending car manufacturing in Australia.
Toyota investing $374 million at 5 existing US factories
CHARLESTON, W.Va. (AP) — Toyota Motor Corp. announced a $374 million investment Tuesday at five U.S. plants to support production of its first American-made hybrid powertrain.
Nissan decries incremental change, seeks dramatic jumps
YOKOHAMA, Japan (AP) — Aiming to get an edge on its rivals in an intensely competitive industry, Japanese automaker Nissan says it's attempting to foster a corporate culture that will produce manufacturing innovations in leaps and bounds instead of steady incremental improvement.
Its discussion of that effort is partly a swipe at bigger competitor Toyota Motor Corp. which for decades has favored the concept of "kaizen" or fine-tuning and bit-by-bit progress in auto manufacturing.