toyota motor corp.
Jun 7, 2023, 3:59 PM EDT
Toyota shifts gears, aims to build 1.5 million electric vehicles in 2026
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.
Tesla trounced Toyota with California's two best-selling cars in 2022
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.
Toyota president Akio Toyoda to step aside in leadership shakeup
Toyota's president and CEO Akio Toyoda will step aside to become chairman, while Koji Sato, who has been leading the Lexus luxury division and Toyota motor racing, will take over.
Toyota president says 'silent majority' questioning electric vehicle-only push: 'We shouldn't limit ourselves'
Toyota president Akio Toyoda is speaking out against the industry's push to go electric exclusively, saying some are afraid to say what he is saying about electric vehicles.
Toyota president did a 'happy dance' after beating GM in sales, remains skeptical about all-electric future
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.
California's gas-powered vehicle ban will be 'difficult' to meet, Toyota's president says
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.
Toyota ramps up investment in US battery plant to nearly $4 billion
Toyota is planning to invest $3.8 billion into a battery production plant in North Carolina, the company announced. Toyota expects a surge in demand for electronic vehicles.
Toyota cuts global production again as semiconductor shortages, supply chain disruptions linger
Toyota has downgraded its production plan for July by some 50,000 vehicles as semiconductor shortages and COVID-related supply chain disruptions linger.
Ford's new all-electric F150 Lightning grosses nearly 200,000 orders after launch
Ford's chief executive officer heralded the flood of customer reservations after his company's official launch of the new Ford F-150 Lightning pickup truck.
Modest-income buyers being priced out of new-vehicle market
Two years after the pandemic tore through the economy, America’s auto market looks something like this: Prices are drastically up.