toyota industries corp

Toyota Motor is weighing options, including a partial investment, in a potential buyout of Toyota Industries, a key parts supplier. Reports suggest a $42 billion deal, but Toyota Industries denies receiving a direct proposal. The move could unwind cross-shareholdings and improve corporate governance, allowing Toyota Industries to focus on long-term growth.

Japan's leading carmaker in a press release said it would produce between 100,000 and 150,000 vehicles fewer than it had originally planned.

Toyota Motor Corp. will cut back vehicle production in Japan by about 20% in April, by 10% in May, and 5% in June, compared to what was planned, spokeswoman Shiori Hashimoto said Friday.

Asian markets surged Tuesday, mirroring Wall Street's optimism after President Trump hinted at "productive talks" with Iran regarding Middle East hostilities. Despite Tehran denying negotiations, oil prices rebounded amid Strait of Hormuz concerns. Toyota announced a significant US investment, boosting its shares. Global markets remain watchful for any escalation impacting vital energy routes.

Shoichiro Toyoda, who joined Toyota in 1952, presided over the Japanese automaker's expansion into manufacturing in the United States, the launch of the luxury Lexus brand and the Prius hybrid, and the global recognition for pioneering a new model for quality control in manufacturing.

Toyota in 2017 had announced a plan to sell 5.5 million electrified vehicles, including 4.5 million of hybrid and plug-in hybrid vehicles and 1 million electric and hydrogen fuel-cell vehicles, by 2030.

Global production at Japanese automakers including Honda Motor Co slipped 4.51% in January from last year as a widespread chip shortage forced the industry to cut production. The global automobile industry has been grappling with a chip shortage since the end of last year, with the former U.S. administration's sanctions on Chinese chip factories adding to the problem.

Toyota to make EV parts in India for domestic, export markets

This move coincides with Toyota's plans to test its inaugural EV pick-up truck in Thailand, aiming to invigorate EV sales in the face of heightened competition from Chinese rivals within the country.

Toyota Tsusho, a Japanese trading house and supplier to automaker Toyota Motor Corp, is concerned that more countries may follow Chile in restricting exports of lithium and other raw minerals. CFO Hideyuki Iwamoto suggested that processing raw minerals locally could reduce business risks.

Automakers Mahindra & Mahindra and Toyota on Sunday reported an over 20% jump in June sales, but Tata Motors bucked the trend in its car division. M&M's passenger vehicle sales grew 23% to 19,792 units on the back of strong rural demand.

Toyota's Czech plant to halt production during February

Toyota Motor Corp and two allied automakers unveiled a micro-sized electric van targeted at Japan's delivery industry on the sidelines of the Group of Seven (G7) summit in Hiroshima on Thursday.

Indonesia considers $320 million in incentives to boost EV sales in 2023

Although the lockout was lifted on March 24, employees have not resumed work.

Japan's Nippon Steel Corp is suing customer Toyota Motor Corp to stop it manufacturing and selling vehicles that contain specialised steel made by rival supplier Baoshan Iron & Steel Co Ltd (Baosteel) of China, which it is also suing.

Cashback offers, up to 10 free oil changes, generous prepaid gasoline cards - these are just some of the giveaways China's auto dealerships are using to woo customers out and about after spending much of February and March in lockdown.

TII has a leading position in precision tubes (61% market share), roll formed car doorframes (57%), automotive chain (35% ), bicycles (30%).

Toyota Motor Corp on Friday said global production climbed 30% in the quarter ended in September but warned the shortages of semiconductors and other parts that have roiled the auto industry would still constrain output in coming months.

Mexican officials in mid-May said the automotive industry could exit the coronavirus lockdown before June 1 if approved safety measures were in place.

Toyota leader Akio Toyoda to step down as president and chief executive

Toyota Motor Corp said on Tuesday it expects to post its lowest annual operating profit in nine years as the automaker grapples with the impact of the novel coronavirus, which has sapped global demand for cars.

Japan's Toyota Group on Monday has bought a token 1.5% stake valued at Rs 19 crore in Tube Investments of India (TII), the flagship company of $3-billion Murugappa Group.

Toyota Motor Corp reported on Tuesday a 23% rise in October global vehicle output, beating its own target for a third month in a row, as the industry strives to get past persistent chip shortages that have hobbled production. The Japanese automaker produced 771,382 vehicles globally in October, above a downgraded target of 750,000 units and up 23% from the same month a year earlier.

Toyota's Hino cancels sales of BYD-supplied electric bus due to toxic chemical

oyota Motor and Panasonic Corp will produce lithium-ion batteries for hybrid cars at a plant in Western Japan from 2022 to meet growing demand for electric vehicles (EV).