Toyota

September 07, 2024 – The Japanese government has announced today, according to Reuters, its plan to bolster the country’s battery supply chain by offering additional subsidies for the production of electric vehicle batteries. This move includes a commitment to provide up to $2.4 billion in support for related projects by Toyota and other major companies,…

August 27, 2024 – In a groundbreaking move, Toyota Motor Corporation and BMW Group have announced the establishment of a comprehensive partnership centered around fuel cell vehicles (FCVs), marking a significant shift in the automotive industry’s pursuit of sustainable transportation. Under this collaboration, Toyota will assume the role of supplying critical components such as hydrogen…

August 15, 2024 – Typically, when one thinks of bulletproof cars, images of large SUVs like the Cadillac Escalade or luxury sedans such as the BMW 7 Series might spring to mind. However, Brazilian consumers now have the option to enjoy the same level of security in a much more accessible vehicle: the Toyota Corolla….

August 05, 2024 – Toyota Motor Corporation has recently been embroiled in a class-action lawsuit in the United States, accused of anti-competitive practices that have monopolized the hydrogen fuel cell vehicle market in California. The alleged actions have led to skyrocketing hydrogen fueling costs for consumers and wasted millions of dollars in taxpayer funds invested…

June 28, 2024 –Despite facing challenges in key markets, Toyota Motor Corporation has announced a modest increase in global sales for the month of May. The Japanese automaker, including its Lexus brand, sold 840,000 vehicles worldwide, marking a slight year-on-year rise. Among these, overseas sales accounted for a significant portion, reaching 738,610 units, representing a…

June 28, 2024 –Toyota Motor Corporation is exploring a potential shift in its work culture, considering a four-day workweek for employees as a means to attract top talent, sources have revealed. If negotiations with labor unions are successful, the initiative could be implemented this year. This transformative policy could positively impact Toyota’s human resources strategy,…

June 25, 2024 – Toyota, despite its slow transition towards electric vehicles, seems to be taking cues from the industry giant Tesla. The automaker has announced that it will open up its luxury brand Lexus’ charging stations to all electric vehicles in Japan, mirroring Tesla’s practice in the US and globally. It’s noteworthy that Lexus…

June 04, 2024 – Following a series of investigations prompted by previous irregularities at Daihatsu Industrial Co., the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) of Japan announced on June 3rd that it had conducted an investigation into 85 automakers to assess whether there were any irregularities in their mass production certification applications. The…

June 03, 2024 – Amidst intensifying competitive pressures, Toyota, the world’s leading automotive manufacturer, is facing a significant downturn in its vehicle sales. Recent data reveals that in April, the company’s global production slipped to 756,254 units, marking a 4% year-on-year decline. Simultaneously, global sales also edged down to 797,097 units, maintaining a three-month streak…