BREAKING NEWS
Japan's Toyota promises to do better with vehicle testing after major scandal
Toyota is promising to strengthen oversight of its vehicle certifications so the scandal that surfaced recently over improper tests will never recur.
Stock market today: Asian stocks are mixed after Wall Street edges to more records
Asian stocks are mixed after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession.
Stock market today: Asian shares mostly gain after Wall St rallies to new records
Shares are mostly higher in Asia after U.S. stocks rallied to more records, with gains for technology companies pushing the benchmarks higher.
Japanese officials raid a Toyota group plant after the company admitted cheating on engine testing
Japanese transport officials have raided a Toyota-affiliated plant to search for evidence after the company admitted cheating on engine testing.
Toyota chief apologizes for cheating on testing at group company โ again
Toyota Chief Koji Sato has apologized to customers, suppliers and dealers for flawed testing at a group company, which follows similar problems in recent years.
Toyota shareholders reject proposal demanding better performance on climate change
Toyota's shareholders have rejected demands from some investors that the automaker do a better job on fighting climate change.
Toyota's new president vows to step up electric vehicle push
Toyotaโs new president Koji Sato has promised what he called an aggressive shift on โelectrification,โ while acknowledging criticism that Japanโs top automaker has fallen behind.
Toyota pushes zero-emission goals by converting old models
To accelerate the global move toward sustainable vehicles, Toyota is suggesting simply replacing the inner workings of vehicles already on the roads with cleaner technology like fuel cells and electric motors.
Toyota's Japan flagship Crown car to debut on global markets
Toyotaโs flagship model in Japan, the Crown, is going on sale around the world for the first time, including in the U.S. Toyota Chief Executive Akio Toyoda said the company was aiming for 200,000 vehicles in annual global sales in 40 nations.
Toyota banks on mobility technology for future growth
Japanese automaker Toyota is revving up acquisitions in mobility technology, adding Renovo Motors, a Silicon Valley software developer, to its Woven Planet team, which is working on automated driving.
Japan's Toyota adds 'kei' makers to technology partnership
Japanโs top automaker Toyota is adding two companies specializing in tiny โkeiโ cars, Daihatsu and Suzuki, to a partnership in commercial vehicles set up with Hino and Isuzu earlier this year.
Japan's Toyota, Isuzu, Hino join in truck technology tie up
Japanese automakers Toyota, Isuzu and Hino said Wednesday, March 24, 2021 they are setting up a partnership in commercial vehicles to work together in electric, hydrogen, connected and autonomous driving technologies. (AP Photo/Tsering Topgyal, File)TOKYO โ Japanese automakers Toyota, Isuzu and Hino said Wednesday they are setting up a partnership in commercial vehicles to work together in electric, hydrogen, connected and autonomous driving technologies. The 39 million shares of Isuzu common stock that Toyota is acquiring are worth 42.8 billion yen, or about $400 million. Isuzu will acquire Toyota shares worth the same value, they said. AdCapitalized at 10 million yen ($93,000), the new company will be 80% owned by Toyota, 10% each by Isuzu and Hino.
Mori is gone but gender issues remain for Tokyo Olympics
FILE - In this March 20, 2020, file photo, Tokyo 2020 Olympics chief Yoshiro Mori carries the Olympic flame during the Flame Arrival Ceremony at Japan Air Self-Defense Force Matsushima Base in Higashimatsushima in Miyagi Prefecture, north of Tokyo. Mori resigned Friday, Feb. 12, 2021 as the president of the Tokyo Olympic organizing committee following sexist comments implying women talk too much. Gender inequality in Japan is exactly the issue that was raised last week by Mori's demeaning comments, and what drove his ouster. Mori was appointed in 2014, just months after Tokyo won the bid to host the Olympics. Toyota is one of 14 so-called Olympic TOP sponsors that pay about $1 billion every four-year cycle to the International Olympic Committee.
Reports: Mori to resign Tokyo Olympics over sexist remarks
She said she will skip an Olympic meeting next week with IOC President Thomas Bach, Mori and the national government. Most of its statement about Mori focused on how it says it has improved gender-equality in the Olympics over the last 25 years. Ad___MIZUHO FUKUSHIMA, head of the Social Democratic PartyOpposition leaders have been pressuring Prime Minister Yoshihide Suga to convince Mori to step down. There are some unconfirmed reports in Japan that former Prime Minister Shinzo Abe could replace Mori. Mori got his job in 2014, when Abe was prime minister.
Toyota profits up amid solid recovery from pandemic fallout
Toyota Motor Corp.โs fiscal third quarter profit totaled 838.7 billion yen ($8 billion), up from 559 billion yen the previous year. Quarterly sales rose to 8.2 trillion yen ($78 billion) from 7.6 trillion yen. Toyota said it expects to sell 7.6 million vehicles globally for the fiscal year through March, down from nearly 9 million vehicles the previous fiscal year. But the latest projection is better than the earlier forecast to sell 7.5 million vehicles. AdToyota raised its annual profit forecast to 1.9 trillion yen ($18 billion), up from an earlier projection for a 1.4 trillion yen ($13 billion) profit.
High-flying Tesla stock takes a hit on 1st day in S&P 500
Monday was its first day of being included in the prestigious S&P 500, and it didn't go well. They cite limited markets for high-priced Tesla vehicles, repeated quality problems, huge capital costs for factories, and growing competition from conventional automakers. Ark sees Tesla's shares rising to $1,400 by 2024. โTesla shares are in our view, and by virtually every conventional metric, not only overvalued, but dramatically so,โ J.P. Morgan analyst Ryan Brinkman wrote in a note to investors. Demand for Tesla shares is expected to be strong on Monday as institutional investors buy to make their portfolios mirror the S&P 500.
Japan's Toyota sees profit slip, holding up despite pandemic
Toyota Motor Corp. reported Friday a quarterly profit of 470.5 billion yen ($4.5 billion), down from 530 billion yen a year ago. Quarterly sales slipped to 6.77 trillion yen ($65 billion) from 7.64 trillion yen. Toyota, based in Toyota city in Aichi, central Japan, said it expects to record a 1.4 trillion yen ($13.5 billion) profit for the fiscal year. It earlier projected 730 billion yen ($7 billion) in profit. Toyota, which makes Lexus luxury models and the Prius hybrid, recorded 2 trillion yen ($19 billion) in profit the previous fiscal year.