Toyota Motor Corp is expected to report a small quarterly profit increase on Tuesday, with soaring costs of parts and materials nearly offsetting the benefits from the plunging Japanese yen and a rebound in production.
Toyota Motor Corp on Friday said global production climbed 30% in the quarter ended in September, but warned the shortages of semiconductors and other parts that have roiled the auto industry would still constrain output in coming months.
Toyota Motor Corp has told several of its suppliers it has lowered its global production target for the year to 9.5 million units, two people familiar with the matter told Reuters on Thursday.
Toyota is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing EV projects, four people with knowledge of the still-developing plans said.
Toyota Motor Corp said it would restart production of its first electric vehicle, the bZ4X, on Thursday after fixing potential safety problems that had halted sales of the new battery-powered model for more than three months.
Toyota Motor Corp will boost its planned investment in a new U.S.
Toyota is rebooting its strategy for India, doubling down on a bet that emerging markets will learn to love its hybrids, as long as the price is right.
Toyota upgrades forecast even as Q1 net profit slumps
Toyota Motor Corp and Suzuki Motor Corp on Friday said they would begin production of hybrid vehicles in India, a category that Toyota has said is currently best suited to such markets.
Toyota Motor shares slipped after it recalled some of its first mass-made all-electric cars, launched two months ago, because of a risk of wheels coming loose, a setback to its ambitions to electrify its model range.
Carmakers around the world have suffered as the pandemic slams the global economy into reverse.
Toyota and Honda will be recalling vehicles around the world due to airbag problems.
The investment in Joby Aviation comes as the automaker looks to expand into new sectors as the industry rapidly transforms.
The company kept its full-year net profit forecast at 2.15 trillion yen and operating profit at 2.4 trillion yen.
Toyota, based in Japan, is investing $500 million in Uber as part of the self-driving alliance announced Monday.
Toyota said it reached a deal with Grab Holdings to strengthen the existing partnership to grow in mobility services in the region.
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 the accelerating technology revolution.
From Kobe Steel to Shoko Chukin, Nissan to Subaru, a growing number of corporate fiascos ought to make Japanese enterprises confront their governance demons.
Mirrors make A-pillars transparent, improving driver vision.
Quarter-sized pickup trucks can carry one hammer, three discuses and three javelins at once.
US president hails decision by Japanese automakers to build car plant stateside instead of shipping units in from Mexico.
Solid-state batteries hold the key to charging cars as quickly as refueling.
