The Latest Breaking News from Toyota

This weekend marks the start of the traditional gravel rally season welcoming the strongest Rally1 field of the season to date, comprising five previous Portugal winners.

The WRC is currently gripped by discussions over the technical rules for next year after teams strongly opposed the FIA’s proposal to make changes to Rally1 and Rally2 cars in a bid to boost entry numbers at events.

Antonio Fuoco led the way in the 90-minute session with a time that gave him a margin of more than a second over team-mate Antonio Giovinazzi.

David Floury, technical director of Toyota Gazoo Racing Europe, believes that its Italian rival will maintain at least some of the the advantage it showed last time out at Imola before tactical errors when it rained allowed the Japanese manufacturer to come through to win. 

The United States is seeing an investment surge as President Joe Biden pushes to rebuild "hollowed out" industrial communities and grow domestic supply chains in key sectors like electric vehicles (EVs), batteries and semiconductors.

Lexus filed trademarks indicating it could introduce a fully electric version of the next-generation ES sedan.

Today on Critical Materials: Toyota is investing heavily into EVs, Tesla wanted to unveil robotaxi in April, and calls for semi truck charging infrastructure.

Japanese car giant says net profit reached 4.94 trillion yen ($31.9bn) in the year to March.

Toyota reports a 20% profit decline despite a strong fourth quarter, highlighting resilience and innovation for future growth.

Toyota said Wednesday that it enjoyed a record net profit of 4.94 trillion yen ($31.9 billion) in the year to March on revenues of 45.1 trillion yen, which was also an all-time high.

Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market, where shiny smart screens, assisted driving and sophisticated map technology are in high demand.