The price increases come in the wake of a global semiconductor shortage that has affected Apple and most car makers, including General Motors Co. and Toyota Motor Corp.
Toyota Motor is slashing its global production for September by 40% from its previous plan due to the worldwide shortage of semiconductors, according to Nikkei Asia.
While the pandemic has dented sales and demand in some global businesses, Toyota appears to be roaring back. Uncertainties remain such as the global shortage of semiconductors that’s slammed the auto industry, as well as effects of COVID-19.
When Toyota Motor Corp. said this week it wouldn’t run any ads in Japan tied to the Olympics, it sent a message louder than any TV commercial about the host nation’s grim mood.
Japan’s top automaker, Toyota, has announced the withdrawal of all Olympic-themed advertisements from airing locally in response to backlash surrounding the rising COVID-19 infection rates as it relates to the Tokoyo Olympics.
The Lincoln Project took aim at Toyota in a Thursday tweet criticizing the company's donations to the 147 Republicans who voted against certifying the 2020 election results.
Toyota Motor Corp reported on Wednesday its fourth-quarter operating profit jumped 92%, as it shrugged off chip-supply issues and as its sales recovered from the impact of the coronavirus pandemic.
Toyota will inspect the wires and replace them if needed at no cost to owners
Under the partnership, which has been in review since last year, the car manufacturers would develop a small electric SUV.
Employees at General Motors, Toyota Motor, Target Corp, and Macy's Inc in Texas will keep face masks on at work, the companies said on Tuesday, even as the U.S. state lifted most of its coronavirus curbs allowing businesses to reopen at full capacity as of next week.
Toyota raised output for the fiscal year ending March
A shortage of computer chips is curbing production for automakers around the world.
The affected cars, trucks and SUVs are equipped with a fuel pump that may stop working, which would cause warning lights and messages to display on the instrument panel and the engine to potentially run rough, according to the company.
Some of America's biggest automakers are ramping up production to meet customer demand during the coronavirus pandemic.
The decline in monthly sales has slowed significantly since a 50% drop posted in April,and compared with a 21.3% fall in June
Toyota is recalling about 752,000 gas-electric hybrid vehicles worldwide because the engines can lose power and stall.
The U.S. auto industry’s coronavirus comeback plan was pretty simple: restart factories gradually and push out trucks and other vehicles for waiting buyers in states left largely untouched by the virus outbreak.
When Toyota introduced two new vehicles Monday, its executives didn't brag about them from an elaborate stage inside a convention center.
Toyota's outlook came as global rivals have refrained from issuing forecasts
Volkswagen AG and Toyota Motor Corp said Wednesday they will delay restarting U.S. production amid the coronavirus pandemic and concerns about the automotive supply network.