Toyota cuts output target amid chip crunch as profit tumbles 25%
During the coronavirus pandemic, Toyota fared better than most carmakers in managing supply chains, but it fell victim to the prolonged chip shortage this year.
Toyota eyes Tesla, scrambles for EV reboot
A working group within Toyota has been charged with outlining plans by early next year for improvements to its existing EV platform or for a new architecture, sources said.
GM outsells Toyota in US as industry worries about inflation
General Motors beat Toyota in sales in Q3, but Toyota beat GM in the last 12 calendar months. Future looks bleak for automakers as a potential recession looms.
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.
Biden to announce $900 million electric vehicle infrastructure overhaul at Detroit auto show
President Joe Biden will head to Detroit on Wednesday for the North American International Auto Show (NAIAS), where he will meet with auto company CEOs, unions and local leaders.
Toyota investing $5.6B in US, Japan EV battery production
Toyota is investing $5.6 billion to boost manufacturing of electric batteries for both the U.S. and Japanese markets.
Toyota exec says car shortage will last another year and shoppers may reject EV push
Toyota's head of sales, Jack Hollis, expects the supply crisis to continue for another year and that the industry will never return to pre-shortage norms.
Toyota profit hit by supply shortage, rising costs
Toyota's quarterly profit was drastically impacted by supply shortages of semiconductors along with rising costs.
Toyota recalling thousands of 2022 Tundra vehicles
Toyota is carrying out a safety recall of thousands of 2022 Tundra vehicles because some models could have nuts on the rear axle assembly that loosen over time.
Toyota's global production target for May falls short
Toyota missed its production target for May, falling short of its already reduced forecast.
Toyota recalls electric car for faulty wheel that could come loose: 'No one should drive these vehicles'
Toyota is recalling its bZ4X electric crossover vehicle due to a safety issue where bolts could loosen causing the wheel to fall off.
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.
Toyota cuts June output plan again, to 800,000 vehicles
Toyota Motor Corp is cutting its global production plan for June for the second time this week, reducing its planned output to 800,000 vehicles. The COVID-19 lockdown in Shanghai is blamed.
Toyota Motor’s fourth-quarter net profit drops 31%
Toyota Motor Corp. said Wednesday that its fourth-quarter net profit fell 31% compared with the same period a year earlier and projected a drop in earnings for new fiscal year due to higher costs.
US electric-vehicle tax credits ending for new Toyota buyers
Toyota customers soon won't be able to get U.S. federal tax credits for buying electric or hybrid vehicles.
Japan's Toyota to cut production by between 5%-20% from previous plan
Toyota Motor Corp has told suppliers it will cut domestic production by up to 20% as it faces strains from ongoing chip shortages.
Ford, GM update production around Canadian trucker convoy
Ford and other automakers warned Thursday that the ongoing bridge blockade from Detroit by Canadian truckers protesting COVID-19 mandates could do further damage if it continues
Toyota Motor’s third-quarter net profit falls 5.6% as parts shortage hurts sales
Toyota Motor Corp.’s third-quarter net profit fell 5.6% compared with the same period a year earlier as sales dropped due to the parts shortage caused by the Covid-19 pandemic.
Toyota remains world's biggest car seller, widens lead on VW
Japan's Toyota Motor Co said on Friday its vehicle sales rose by 10.1% last year, making it the world's biggest carmaker for a second straight year and putting it further ahead of its nearest rival, Germany's Volkswagen AG.