Toyota companies and Silicon Valley startup Pony.ai announced Friday they would partner on a joint venture to advance production and deployment of driverless robotaxis.
Toyota has announced a plan to launch 10 new electric vehicles by 2026 with the goal of increasing EV production to 1.5 million vehicles annually.
Shoichiro Toyoda helped direct Toyota’s transformation into a global brand, especially in the U.S. market.
The Tesla Model Y and Model 3 were the two best selling vehicles in California last year, while Tesla was number two behind Toyota in total sales.
Koji Sato is set to become chief executive of Toyota Motor Corp. in April. As CEO he hopes to position Toyota among BYD and Tesla in electric vehicle sales.
During the coronavirus pandemic, Toyota fared better than most carmakers in managing supply chains, but it fell victim to the prolonged chip shortage this year.
A working group within Toyota has been charged with outlining plans by early next year for improvements to its existing EV platform or for a new architecture, sources said.
General Motors beat Toyota in sales in Q3, but Toyota beat GM in the last 12 calendar months. Future looks bleak for automakers as a potential recession looms.
Toyota President Akio Toyoda said he did a "happy dance" after the company outsold General Motors in the U.S. in 2021 and remains steadfast in its future plans.
Toyota's president Akio Toyoda said it will be "difficult" to meet the requirement of California's new rules banning the sale of gas powered vehicles by 2035.
President Joe Biden will head to Detroit on Wednesday for the North American International Auto Show (NAIAS), where he will meet with auto company CEOs, unions and local leaders.
Toyota is investing $5.6 billion to boost manufacturing of electric batteries for both the U.S. and Japanese markets.
Toyota's head of sales, Jack Hollis, expects the supply crisis to continue for another year and that the industry will never return to pre-shortage norms.
Toyota's quarterly profit was drastically impacted by supply shortages of semiconductors along with rising costs.
Toyota is carrying out a safety recall of thousands of 2022 Tundra vehicles because some models could have nuts on the rear axle assembly that loosen over time.
Toyota missed its production target for May, falling short of its already reduced forecast.
Toyota is recalling its bZ4X electric crossover vehicle due to a safety issue where bolts could loosen causing the wheel to fall off.
Toyota has downgraded its production plan for July by some 50,000 vehicles as semiconductor shortages and COVID-related supply chain disruptions linger.
Toyota Motor Corp is cutting its global production plan for June for the second time this week, reducing its planned output to 800,000 vehicles. The COVID-19 lockdown in Shanghai is blamed.
Toyota Motor Corp. said Wednesday that its fourth-quarter net profit fell 31% compared with the same period a year earlier and projected a drop in earnings for new fiscal year due to higher costs.