Toyota Motor Corp. said on Wednesday it would invest up to 730 billion yen ($5.27 billion) in Japan and the United States to make batteries for fully electric vehicles. When the additional facilities come on line between 2024 and 2026, Toyota’s battery production capacity in the two countries will have increased by 40 gigawatt-hours, the…
Toyota Motor to Invest $5.3 Billion in Japan, US for EV Battery Supply
Toyota Shares Decline 3 Percent Amid Lower First-Quarter Profit
Toyota shares dropped 3 percent on Thursday after the Japanese carmaker reported a fall in operating profit for the quarter ended June, which fell short of expectations. Operating profit plunged 42 percent, to ¥578.66 billion ($4.3 billion) in the quarter ended June, compared with ¥997.4 billion ($7.5 billion) in the year-ago period, Toyota said in…
Toyota, Subaru Shares Drop on ‘Embarrassing’ Recalls of First EVs
TOKYO—Toyota Motor shares slipped after it recalled some of its first mass-made all-electric cars, launched two months ago, because of a risk of wheels coming loose, a setback to its ambitions to electrify its model range. Toyota, the world’s largest automaker by sales, said on Thursday it would recall 2,700 bZ4X SUVs globally. Subaru Corp,…
Ford, GM, Stellantis, Toyota Urge Congress to Lift EV Tax Credits Cap
By Riley Beggin From The Detroit News WASHINGTON—Ford Motor Co., General Motors Co., Stellantis NV, and Toyota Motor Corp. sent a letter to congressional leaders Monday urging them to lift the 200,000 customer cap for existing electric vehicle tax credits. The letter from the nation’s four largest automakers comes as Democrats in Congress are negotiating…
Stellantis and Toyota to Expand Partnership With Large Commercial Van
Stellantis said on Monday it would expand its partnership with Toyota Motor Europe (TME) with a new large commercial van, including an electric version. Stellantis will supply TME, a unit of Japan’s Toyota Motor Corp, with the new vehicle for sale in Europe under the Toyota brand, it said. The van will be produced at…
Toyota Joins Tesla in Developing Self-Driving Tech With Low-Cost Cameras
San Francisco—Toyota Motor Corp unit Woven Planet is following the lead of Tesla Inc in trying to advance self-driving technology with low-cost cameras. Woven Planet told Reuters it is able to use cameras to collect data and effectively train its self-driving system, a “breakthrough” that it hopes will help drive down costs and scale up…
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