SAO PAULO—Toyota Motor Corp. said on Wednesday it will invest 1.7 billion reais ($337.68 million) to manufacture a new hybrid, flex-fuel compact car in Brazil, which will run on both gasoline and ethanol in addition to its electric engine. The Japanese carmaker has been betting big on the segment in the South American country, where…
Toyota’s Global Sales Notch Up a February Record as Parts Shortage Eases
TOKYO—Toyota Motor Corp. said on Thursday that global sales hit a record for the month of February as it bounced back from severe pandemic-induced parts shortages, adding that worldwide production also increased for a second straight month. Japan’s biggest automaker said in a statement, however, that shortages of parts continue to be a problem. During…
Toyota Production up 9 Percent in January, Chip Pain Still Lingers
TOKYO—Toyota Motor Corp. boosted global vehicle production by 9 percent in January, it said on Monday, its first increase in two months even as the carmaker continued to feel the strain from global chip shortages. The company, which is the world’s largest automaker by volume, and other car manufacturers are still grappling with tight supplies…
Toyota Defends Title as World’s Top-Selling Automaker in 2022
TOKYO—Toyota Motor Corp. sold 10.5 million vehicles in 2022, it said on Monday, defending its title as the world’s top-selling automaker for a third straight year. Global sales for the group, including truck unit Hino Motors and small-car maker Daihatsu, inched down 0.1o percent as record overseas sales of 8.6 million vehicles helped offset a…
Akio Toyoda Resigns as Toyota’s CEO Amid Transition to Electric Vehicles
Toyota’s CEO Akio Toyoda is stepping down from his position and assuming the role of chairman after over 13 years in charge, the company announced on Thursday, amid plans to transition to electric vehicles. Toyoda, 66, is the grandson of Toyota’s founder and has led the company since 2009. He will resign on April 1…
Lexus Chief to Take Over Toyota as Founder’s Grandson Steps Down
TOKYO—Toyota’s chief executive will step down as head of the company his grandfather founded, the automaker said on Thursday, handing over to the leader of its Lexus luxury brand. The 53-year-old chief branding officer and president of Toyota Motor Corp.’s Lexus brand, Koji Sato, will take over from April 1 when Akio Toyoda becomes chairman,…
Toyota Says It Could Produce 10.6 Million Vehicles in 2023
TOKYO—Toyota Motor Corp. on Monday said it could produce as many as 10.6 million vehicles this year, while warning of downward risk to its projection from the possible impact of issues such as parts supply shortages and COVID-19. The car giant said that it saw a downside risk of about 10 percent on that baseline…
The Latest in Sedans: 4 Doors With Flair
While there are many great examples of sedans, we only have room for five this time around. The prices shown reflect the MSRP of base models. (Courtesy of Volkswagen) Bug Zapper VW Jetta $20,655 While the iconic VW Bug could accommodate a driver and three passengers, the Jetta does it so much better. Beneath the…
GM Reclaims US Auto Sales Crown From Toyota
General Motors Co. reclaimed the top spot in U.S. auto sales from rival Toyota Motor Corp. in 2022 as it was able to better meet strong demand for cars and trucks despite industry-wide supply disruptions. Shares of GM rose 2.7 percent in afternoon trade on Wednesday to $34.75, after the company posted a 2.5 percent…
Toyota’s November Global Vehicle Production Rises 1.5 Percent to Record 833,104
TOKYO—Toyota Motor Corp. reported on Monday a 1.5 percent rise in November global vehicle output, reaching a new record of 833,104. Domestic production slid 3.3 percent to 266,174 vehicles, while overseas output rose 3.8 percent to an all-time high of 566,930 for the month. Global sales and production in November exceeded last year’s levels due…
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