TOKYO (AP) — Toyota’s July-September profit fell 11% from a year earlier as the coronavirus pandemic slammed global demand, but Japan’s top automaker appeared to be holding up better than weaker...
TOKYO (AP) — Toyota Motor Corp. reported Tuesday a sharp plunge in fiscal fourth quarter profit as the global pandemic slammed vehicle sales and halted production at its auto plants.
TOKYO (AP) — Toyota Chief Executive Akio Toyoda promised Friday that the Japanese auto industry would seek to protect jobs worldwide as it endures the coronavirus pandemic.
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.
TOKYO (AP) — Japan's No. 1 automaker Toyota Motor and technology giant SoftBank Group are setting up a joint venture to create mobility services in what they called a "united Japan" effort to face global competition.
The 2 billion yen ($20 million) venture, Monet Technologies Corp. is meant to be running by the end of March.
LEXINGTON, Ky. (AP) — Kentucky's Republican governor says he is trying to convince two Japanese automakers to build a $1.6 billion plant in the state.
TOKYO (AP) — Japanese automakers Toyota Motor Corp. and Mazda Motor Corp. plan to spend $1.6 billion to jointly build auto manufacturing plant in the U.S. — a move that will create up to 4,000 jobs, both sides said Friday.
The plant will have an annual production capacity of about 300,000 vehicles, and will produce Toyota Corollas as well as a new Mazda crossover vehicle for the North American market.
Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump had a head start building rapport at a previous meeting, and hope to build on it in Washington on Friday. But Trump's words and views don't always align with what's said in Japan:
— "Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax." Trump, in a tweet Jan. 6.
TOKYO (AP) — Japanese automakers Toyota and Suzuki, which began discussing a partnership in October, said Monday they would work together in ecological and safety technology — a rapidly growing area in the industry.
Toyota Motor Corp., the maker of the Camry sedan, Prius hybrid and Lexus luxury models, and Suzuki Motor Corp., which specializes in tiny cars, announced the decision, following approval by the company boards, and signed a memorandum of agreement, both sides said.
TOKYO (AP) — Toyota Motor Corp. is a "good corporate citizen" and intends to work with President-elect Donald Trump to help make America strong, the Japanese automaker's president, Akio Toyoda, says.
TOKYO (AP) — Toyota Motor Corp. stock fell 2 percent in early Friday morning trading after President-elect Donald Trump said on Twitter that the Japanese automaker faces a "big border tax" if it goes ahead with plans on a new Mexico plant.
Toyota in Japan had no further comments beyond what it released in the U.S., which did not directly address Trump's tweet but stressed that Toyota has been in the U.S. for six decades and that the Mexico plant will not affect jobs or production in the U.S.
TOKYO (AP) — Toyota, the world's top automaker, and Suzuki, a Japanese rival that specializes in tiny vehicles, are tying up in a partnership.
Both sides announced in a joint statement Wednesday they will study areas where they can work together in developing technology for the environment, safety and information networking. They said such areas are likely to benefit from a partnership since the industry is changing rapidly in those areas.