MAKUHARI, Japan—Toyota Motor Corp. unveiled four new models of its Crown range on Friday, including a sport-utility vehicle (SUV) for the first time, seeking to reboot the 67-year-old brand as Japan branches out from its long love affair with sedans. The 16th generation of the Crown will be sold outside Japan for the first time…
Toyota Revamps Crown Range, With New Models Including SUV to Be Sold Outside Japan
Toyota Misses May Production Target in Third Monthly Shortfall
TOKYO—Toyota Motor Corp.’s global production for the first five months of 2022 fell 9.7 percent short of its own target on average, raising questions about whether the Japanese automaker will be able to maintain its current target for the year. The world’s largest automaker by sales said it produced 634,940 vehicles in May, 5.3 percent…
Toyota Recalls bZ4X Electric Vehicles Over Malfunction That Could Cause Wheels to Fall Off
Toyota has issued a global recall of its first mass-produced electric vehicle (EV) over loose bolts connecting the bZ4X’s wheels, which might result in the wheels falling off while driving. “The hub bolt may loosen due to repeated sharp turns and sudden braking. Therefore if you continue to drive in that state, abnormal noise will…
Toyota Recalls First Mass-Produced EVs Less Than 2 Months After Launch
TOKYO—Toyota Motor Corp. said on Thursday it would recall 2,700 of its first mass-produced electric vehicles (EVs) because of a danger that wheels could come loose. The world’s largest automaker by sales submitted the recall of the bZ4X SUVs to Japan’s transportation ministry. Of the 2,700 vehicles, 2,200 were earmarked for Europe, 260 for the…
Toyota Cuts July Global Production Plan by 50,000 Vehicles
TOKYO—Toyota Motor Corp. on Wednesday cut its July global production plan by 50,000 vehicles as semiconductor shortages and COVID-19 parts supply disruptions continued to curb output. The world’s largest car maker by volume expects to make 800,000 vehicles next month, it said in a statement. “As it remains difficult to look ahead due to the…
Major Japanese Steel Producer Signals Price Hikes, May Push Up Car Prices
Nippon Steel Corp., one of the largest steel producers in the world, has announced that it could soon raise the price of steel, a move that can add to the inflationary pressure on the car industry. There has been a sharp cost increase for input materials like coking coal and iron ore, Takahiro Mori, executive…
2022 Toyota Avalon Touring
The Avalon saw very few changes from the 2021 model to the 2022 model. Toyota recently announced that the 2022 model year will be the last of production. The Touring trim is the fourth of the six trims available, carrying a manufacturer’s suggested retail price of $43,525. Looking from the back. (Courtesy of Toyota) The…
Toyota Reports Record High Global Production for March, Despite Slump at Home
TOKYO—Toyota Motor Corp. on Wednesday posted record-high global production in March, as overseas production made up for a drop off at home, highlighting the impact of factory stoppages and weaker consumer demand in Japan. Japan’s largest automaker produced 866,775 vehicles worldwide in March it said, marking a 2.8 percent increase from the same month last…
Volkswagen to Scrap Models and Focus on Premium Market: CFO Tells FT
BERLIN—German carmaker Volkswagen will axe many combustion engine models by the end of the decade and sell fewer cars overall to concentrate on producing more profitable premium vehicles, its finance chief was quoted as saying on Wednesday. “The key target is not growth,” Arno Antlitz told the Financial Times newspaper. “We are (more focused) on…
Toyota, Honda Defy Parts Shortage in February Global Production
TOKYO—Parts supply disruptions continued to affect Japanese automakers’ global production for February but the results released on Wednesday showed a clear contrast among them, with Toyota and Honda out in front. Toyota Motor Corp. said its group, including Daihatsu and Hino Motors Ltd., produced 884,528 vehicles globally for the month, an increase of almost of…
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