NANDI TOYOTA MOTOR WORLD
How one of the world's strongest car unions is dealing with EV job losses
Toyota in Japan and Hyundai or Kia in South Korea navigate challenges from technological transformation and electrification.
Revving up: Fuelled by PLI, Indian automakers eye global EV space, targeting Europe & other developed markets
Indian auto manufacturers are seizing the export opportunity in the electric vehicle (EV) market, driven by increasing demand for cleaner mobility in developed countries and government support. Companies like Maruti Suzuki and Hero MotoCorp are gearing up to export their EV models to Europe, leveraging India's frugal manufacturing capabilities. With India's production-linked incentive scheme and alignment with global standards, automakers aim to challenge Chinese dominance in the EV sector and establish India as an EV export hub.
Akio Toyoda, grandson of Toyota founder, wins shareholders' approval to stay in leadership
Toyota shareholders support keeping Akio Toyoda as chairman in Toyota city meeting amid scandal. Shareholder proposal for climate-related lobbying report rejected. Toyota focuses on hybrids and hydrogen for carbon neutrality by 2050, including Prius, Camry, and Lexus models.
Japan's economy is shrinking, although slightly less than previously thought
Japan GDP growth: Revised government data shows Japan's economy shrank at an annual rate of 1.8%, an improvement from the initial estimate of 2.0%. Private sector investments were revised to minus 0.4%. Weak consumer spending, a depreciating yen, and a scandal involving improper vehicle tests at major automakers are among the challenges faced. The Bank of Japan's next move is closely watched.
Japan's Nikkei rises as chip-related shares track US peers higher
Japan's Nikkei share average rose 0.55% to close at 38,703.51, led by Tokyo Electron and chip-related stocks, but gains were limited ahead of global central bank meetings.
Japan's Nikkei jumps as chip-related shares track US peers higher
Japan's Nikkei share average rose over 1% on Thursday, led by Tokyo Electron and other chip-related stocks tracking U.S. peers higher.
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Toyota apologizes for cheating on vehicle testing and halts production of three models
Toyota suspended production of models like Corolla Fielder, Corolla Axio, and Yaris Cross, but assured the safety of vehicles like the Corolla subcompact and Lexus luxury cars.
Renault, Geely create joint venture for hybrid, combustion engines
Renault and Geely's joint venture, HORSE Powertrain, aims to develop combustion and hybrid engines, bolstering competitiveness and addressing decarbonization challenges. With anticipated annual revenue of 15 billion euros and a production target of five million units. The venture, led by Matias Giannini as CEO and Daniel Li as chairman, signifies both companies' strategic partnership efforts.
Old empires could be the key to a new car future
Hydrogen, a vital element in water creation, is gaining traction as a fuel source for fuel-cell electric vehicles.
Japan's Toyota shows 'an engine born' with green fuel despite global push for battery electric cars
Toyota plans to introduce lean compact engines running on green fuels like hydrogen and bioethanol, paired with electric motors in hybrids. The company aims to push the world into carbon neutrality with optimized engines for the electrification era.
Japanese automakers least prepared for EV transition: Think-tank
The four automakers with the lowest proportion of forecasted EV production in 2030 are all from Japan (Suzuki at 10%, Honda at 24%, Toyota at 29% and Mazda at 30%), with Toyota, Mazda and Suzuki all receiving the lowest performance, says InfluenceMap in its latest report titled, “Automakers and Climate Policy Advocacy: A Global Analysis.
Toyota repeatedly halted Mexico plant after suppliers hit by worker shortage, sources say
Toyota Motor faced production halts at Mexico plant due to labour shortages and supply chain disruptions, affecting Tacoma pick-up truck output. North American plants experienced delays due to supplier issues. Challenges with parts makers, electric vehicle delays, safety scandals, governance issues, and financial performance impacted Toyota amidst economic growth and personnel shortages.
Hyundai plans to launch its first hybrid car in India in 2026, says EVs long-run strategy
The group, housing Hyundai Motor and Kia Corp, is evaluating a hybrid sport-utility vehicle of size similar to its top-selling, mid-sized Creta SUV in India, said two of the sources who have direct knowledge of the plans.
Toyota Kirloskar to step up play in smaller towns
Toyota Kirloskar Motor, the Indian unit, has been selling Maruti cars under its own badge since 2022 as part of a global alliance between Suzuki Motor Corp and Toyota Motor Corp. The move has helped Toyota save on development costs and expand the model line-up.
Domestic car sales in last financial year grew by nearly 9% to a record 4.23 mn units
Car sales in India soared by 9% to 4.23 million units last fiscal, driven by SUV demand. Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Toyota Kirloskar Motor, and MG Motor India all reported significant sales growth across various segments. Around 370,000 cars, sedans and utility vehicles were sold last month, compared to 336,000 units in the year-ago period, making it the 15th consecutive month that PV sales have breached previous monthly records.
Which T will turbo-charge new EV policy? Toyota more than Tesla
Is there enough juice in the fine print to get Elon Musk all charged up about the purchasing power of our billion plus population for his Models 3, Y or even S? With spotty charging infrastructure further tripping up several mega ambitions, perhaps the bigger beneficiary of the electric buzz will be another company whose initials also start with the same alphabet T: Toyota that by doubling down on “headache free” hybrids have made them far more mainstream.
BYD takes fight to EV laggards with China price cuts
Data from car portal 16888.com analysed by Bloomberg shows BYD has cut prices of more than 100 model versions compared with December, and relaunched a further 70 model trims with lower prices. About the only unaffected models come from its launched Yangwang brand, including its newly unveiled supercar, which goes for 1.68 million yuan ($233,000).
Toyota agrees to biggest wage hike in 25 years, paves way for BOJ shift
Toyota, Panasonic, Nippon Steel and Nissan were among some of Japan Inc's biggest names that agreed to fully meet union demands for pay hikes at annual wage negotiations that wrap on Wednesday.
Toyota's hybrid-first strategy is delivering big profits
Toyota, once criticized for falling behind in electric vehicles, is now booming in sales and profits. American car buyers are turning to hybrids, and Toyota's deliberate pace is paying off. Toyota plans to increase hybrid production and release a range of electric vehicles by 2026.
Toyota Innova's airbag failed to open in an accident, car owner to get Rs 32.07 lakh or a new vehicle, orders NCDRC
Toyota Innova car: Airbags are an important safety feature and protect the car's occupants in the event of an accident. However an Toyota Innova car's airbags did not open in an accident and this resulted in the occupants of the car suffering injuries. Read here to know more about the case and how Toyota was proved to have sold a defective Innova.
Toyota says president, chairman of scandal-hit Daihatsu unit to step down
Both the president and chairman of Daihatsu Motor, a small-car unit of Toyota Motor Corp, will resign following revelations of misconduct related to manipulated collision safety-tests. Toyota's CEO for the Latin America and Caribbean region, Masahiro Inoue, will replace Soichiro Okudaira as Daihatsu's president effective March 1.
Toyota keeps crown as world's top-selling automaker in 2023
In 2023, Toyota Motor achieved a global sales record of 11.2 million vehicles, securing its position as the world's top-selling automaker for the fourth consecutive year. The 7.2% increase was driven by robust overseas sales, totaling 8.9 million units. Toyota's parent-only vehicles, including Lexus, reached a record 10.3 million sales, with hybrids comprising one-third and battery electric vehicles less than 1%.
Toyota to expand footprint in India
The expansion will mark the world’s largest automaker’s 25th year of operations in India and boost its total investment in the country to Rs19,300 crore, senior executives at Toyota Kirloskar Motor (TKM) said at an event at its facility at Bidadi, near Bengaluru.
Multiple green technologies in cars to help meet carbon neutrality targets in India: Toyota
In an interaction here, senior Toyota executives emphasised on the need to treat all technologies fairly to achieve carbon reduction goals. Toyota Daihatsu Engineering and Manufacturing Co-Executive Vice President Pras Ganesh said India is large enough to utilise multiple solutions, including hybrid and battery electric technologies.
Toyota lobbies India to cut hybrid-car taxes as much as 21%
Toyota Motor is urging the Indian government to reduce taxes on hybrid vehicles by up to 20% as they are less polluting than petrol cars but do not receive the same policy treatment. The company is planning to increase production capacity to meet the growing demand for hybrids in India. However, the government has been focused on promoting electric vehicles (EVs) and has offered incentives to companies to produce EVs and batteries.
Hybrid cars optimal solution to scale electrification of vehicles: Toyota
"The hybrid electric vehicle we think is maybe an optimal solution to begin scale in terms of electrification..around 40 per cent of the distance and around 60 per cent of the time on a hybrid electric vehicle based on Indian statistical testing, is actually on zero emission," Toyota Daihatsu Engineering and Manufacturing Co Executive Vice President Pras Ganesh said.
Afghan car company unveils supercar Simurgh, resembling Batmobile, at the Geneva Motor show
The Simurgh, a sleek supercar built in Taliban-controlled Afghanistan, has made an appearance at the Geneva International Motor Show. Despite its unfinished interiors and uneven windshield sealing, the car's unique design aims to put Afghanistan on the map. Powered by a four-cylinder engine, the Simurgh attracted attention after a video of a previous version went viral. Its creators hope to secure €30 million ($49 million) to refine the car and enter it into the prestigious Le Mans race.
Toyota plans third India plant, new SUV as domestic sales surge
Toyota plans to build a third car plant in India to expand its production capacity, with a proposed initial capacity of 80,000-120,000 vehicles per year. The plant would increase Toyota's existing manufacturing capacity in India by up to 30%. The company is also developing a new SUV for the Indian market, which will be launched in early 2026 and serve as a flagship product for the new factory.
Toyota says plant shutdown last week due to server malfunction
The system halt followed an error due to insufficient disk space on some of the servers and was not caused by a cyberattack, the world's largest automaker by sales said in a statement on Wednesday. "The system was restored after the data was transferred to a server with a larger capacity," Toyota said.
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