toyota News Updates

Business, Technology, Equipment

Toyota Sells Part of Denso Stake to Raise Cash for EVs

Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan’s top automaker said Nov. 29.

November 29, 2023
Government, Business, Equipment, Safety

Toyota Recalls Nearly 1.9 Million RAV4s

DETROIT — Toyota said Nov. 2 it is recalling nearly 1.9 million RAV4 small SUVs in the U.S. to fix a problem with batteries that can move during forceful turns and potentially cause a fire.

November 2, 2023
Business

Toyota Hikes Pay on Heels of UAW-Detroit Deals

Toyota Motor Corp. is raising wages for assembly workers in the U.S. after its Detroit carmaking rivals reached tentative deals with their union to boost pay.

November 1, 2023
Business, Technology, Equipment

Toyota’s Profits Zoom on Cheap Yen, Strong Global Sales

TOKYO — Toyota’s July-September profit jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings.

November 1, 2023
Business, Technology

Toyota More Than Doubles Investment at N.C. Battery Plant

RALEIGH, N.C. — Toyota will invest an additional $8 billion in the hybrid and electric vehicle battery factory it’s constructing in North Carolina, more than doubling prior investments.

October 31, 2023
Business, Technology, Fuel

Toyota Keeps Up Push to Prove It Can Embrace New Technology

Toyota Motor Corp.’s campaign to show customers, suppliers and investors that it’s serious about electrification was on display again this month.

September 18, 2023
Business, Technology

Toyota to Resume Japan Plants After Rare System Malfunction

Toyota Motor Corp. said it will gradually resume operations at its 14 domestic plants Aug. 30 after a system malfunction suspended production.

August 29, 2023
Government, Business, Technology

Toyota, Stellantis Blast Biden’s Plan to Boost EV Sales

Stellantis NV and Toyota blasted a Biden administration plan to ease auto pollution, saying it would compel unrealistic sales of electric vehicles that strain critical mineral supplies.

July 10, 2023
Business

Strong Q2 for Toyota, GM Points to Auto Industry Strength

General Motors Co. and Toyota Motor Corp. both posted strong sales gains in the second quarter, signs of consumer health in the auto market as semiconductor supply improves.

July 6, 2023
Government, Business, Technology, Equipment, Fuel

Toyota Class 8 Hydrogen Powertrain Approved in California

Toyota is to begin offering Class 8 commercial truck manufacturers and operators a hydrogen-fueled powertrain in California later this year.

April 28, 2023