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The Latest Breaking News from Toyota Motor Corp

Volkswagen To Scrap Dozens Of Models To Focus On Premium Market: FT

Volkswagen AG (OTC:VWAGY) to discontinue several of its combustion engine models by the end of the decade and sell fewer cars overall to focus on developing more profitable premium vehicles, Financial Times reported, citing the company's finance chief. "The main goal is not growth, it is us [more focused] on quality and…

Benzinga

Toyota US Sales Decline 14.7% In Q1; EVs Constitute Quarter Of Volume

Toyota Motor Corp (NYSE:TM) reported March 2022 U.S. sales of 194,178 vehicles, down 23.5% on a volume and down 26.3% on a daily selling rate (DSR) basis Y/Y. For Q1 of 2022, Toyota Motor North America posted sales of 514,592 vehicles, down 14.7% on a volume basis and down 15.8% on a DSR…

Benzinga

Toyota Motor Debuts 2023 GR Corolla

Toyota Motor Corp (NYSE:TM) has unveiled its first-ever 2023 GR Corolla. The all-new addition to Toyota's lineup of sports cars brings the performance, handling, and functionality that hot hatch fans like. Powered by the lightweight, compact G16E-GTS turbo-charged, direct/port-injected three-cylinder engine, GR Corolla delivers 300 hp and 273 lb.-ft. of torque. The G16-E…

Benzinga

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Aurora Unveils Test Fleet Of Autonomous Toyota Sienna Vehicles

Aurora Innovations Inc (NASDAQ:AUR) has unveiled the test fleet of its autonomous custom-designed Toyota Sienna vehicles. Aurora has worked with Toyota Motor Corp (NYSE:TM) Toyota Motor North America's engineering team over the last year to refine requirements to prepare this vehicle model platform to integrate with the Aurora Driver. The vehicles feature Toyota's Vehicle Control…

Benzinga

Toyota Stock Gains On New Buyback Plan

Toyota Motor Corp (NYSE:TM) Board of Directors has authorized ¥100 billion to repurchase up to 80 million shares, representing 0.58% of issued shares, excluding treasury stock. The shares buyback plan will commence on March 24, 2022, and is valid until May 10, 2022. The company disclosed in a regulatory filing that it is…

Benzinga

Toyota Partners With ChargePoint For EV Charging Solutions

Toyota Motor Corp's (NYSE:TM) Toyota Motor North America has partnered with ChargePoint Holdings Inc (NYSE:CHPT) for EV charging solutions. Toyota is in preparation for launching its all-new 2023 bZ4X battery electric SUV later this year. bZ4X customers will have the option to purchase a ChargePoint Home Flex Level 2 charger for home charging. The home…

Benzinga

22% of Japanese companies suspend operations in Russia

About 20% of listed Japanese companies operating in Russia suspended business by mid-March after Russia invaded Ukraine, according to data compiled by Teikoku Databank Ltd.

The Japan News/Yomiuri

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Toyota Cuts April Production Target As Supply Chain Woes Continue

Toyota Motor Corp (NYSE:TM) said it plans to slash its vehicle production target in April by 150,000 units. The company's global production plan for April, including overseas production, is approximately 750,000 units. The auto maker's decision follows a semiconductor shortage amid disruptions caused by the COVID-19 pandemic. The global production plan average from…

Benzinga

Toyota Makes $27M Investment In Long Beach Facility

Toyota Motor Corp (NYSE:TM) Toyota Motor North America will make a $27 million investment in its manufacturing plant in Long Beach, California, Toyota Auto Body Company (TABC). The investment will equip TABC with the first coil-fed laser blanking line, expand blanking capability and increase capacity to cut 5.6 million blanks annually. The added…

Benzinga

Toyota Motor Sees Additional Production Cuts As Semiconductor Crisis Continues To Bite

Toyota Motor Corp (NYSE:TM) looked at additional production cuts in March as the semiconductor chip crisis continues to pinch, Reuters reports. The production suspension will affect the production of ~14,000 Noah and Voxy minivans. Recently, the Japanese automaker reduced its domestic production target by up to 20% for the April-June quarter. Toyota looked to…

Benzinga

Toyota To Cut Production Over Chip Crunch: Reuters

Toyota Motor Corp (NYSE:TM) will cut down domestic production in April, May, and June to reign in chip supply crunch, Reuters reported. Global automakers have been facing a supply chain crunch since the COVID-19 pandemic struck and fear that the Ukrainian crisis could amplify their woes. Toyota plans to reduce domestic production…

Benzinga

Here's How Toyota Looks To Resume Production Post Cyberattack

Toyota Motor Corp (NYSE:TM) looks to resume work at all its Japanese factories on March 2 after a one-day shutdown, limiting the fallout from a cyberattack on one of its key suppliers, Bloomberg reports. The one-day domestic production stoppage likely affected ~13,000-vehicles' worth of production, representing about 5% of output for February. Toyota aims…

Benzinga

Toyota Makes $90M Investment In Two US Manufacturing Facilities

Toyota Motor Corp (NYSE:TM) has made a $90 million investment in two of its U.S. manufacturing facilities to expand the production of electrified vehicles. The company has made a $73 million investment in Toyota West Virginia (TMMWV) and $17 million in Toyota Tennessee (TMMTN). The move comes after the $240 million investment announced…

Benzinga

Toyota, Ford, GM say production cuts continue amid border disruption

Toyota Motor Corp, Ford Motor Co and General Motors Co, said Friday the disruption at the Canadian border from trucking protests forced new production cuts at plants in Michigan, Ohio, West Virginia, Alabama and Ontario.

Reuters

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Reuters

GM, Toyota, Ford cut production following Canadian trucking protests

Toyota Motor Corp , General Motors Co, Ford Motor and Chrysler-parent Stellantis said they had been forced to cancel or scale back some production at North American plants on Thursday because of parts shortages stemming from Canadian trucker protests against pandemic mandates.

Benzinga

Ford Forced To Halt Some Production As Key US-Canada Crossing Blocked By Protesters

Ford Motor Co (NYSE: F) and Toyota Motor Corp (NYSE: TM) are halting some production as anti-COVID-19-mandate protesters blocked key U.S-Canada border crossings, Reuters

Bangkok Post

Toyota's Thai unit sees its 2022 car sales up 18.5%

The Thai unit of Toyota Motor Corp expects its car sales in the country to rise 18.5% to 284,000 vehicles this year, the company said on Thursday.

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