Page 2 - Toyota

Suzuki's India unit to manufacture first battery-electric SUV for Toyota

Production for battery electric vehicles (BEVs) from Suzuki to begin in spring 2025

Toyota returns to Formula 1 in technical partnership with US-based Haas

Toyota is returning to Formula 1 after 15 years as the Japanese automaker becomes a technical partner of American racing team Haas. There will be Toyota branding on the Haas cars starting from next week's United States Grand Prix in Austin, Texas, and the auto giant's racing division will provide design, technical and manufacturing services to the North Carolina-based team. This doesn't mean a return of the Toyota works team which raced in F1 for eight seasons until 2009, however. Haas will still race under its own name and Toyota isn't going to be supplying engines like it did for other teams in the 2000s. Haas already has an agreement to use Ferrari engines through 2028 as part of an existing partnership which dates to Haas' first F1 season in 2016. Haas previously extended its Ferrari deal in July to cover the new F1 regulations coming in 2026. The announcement of the multi-year agreement seemed to suggest Toyota could seek to place a driver with Haas, which doesn't have a spar

Shift to EV-only future likely to bring job losses, warns Toyota chairman

Toyota, the world's biggest automaker by sales, has been more cautious in its approach to EVs than other makers

Toyota Motors to postpone US EV production to 2026 amid slowing sales

Production is now likely to begin in early 2026 rather than late next year, Toyota spokesperson Scott Vazin said

Toyota Motor plans to invest $500 mn in electric air taxi company

The Japanese automaker's new funding is on top of $394 million in prior investments it made in Joby and is part of a strategic alliance on commercial manufacturing

With 45% growth, momentum expected to continue even in 2025: Toyota

TKM's sales boom comes at a time when other car companies are seeing a slowdown amid low demand and high inventory with dealers

Toyota's profit increases 17% to $8.70 bn in Q1 but shares tumble

Toyota has been on a record profit run that has boosted its share price. But its outlook has been complicated by a tough market in China

Toyota Motor project will revolutionise automobile sector: Maha CM Shinde

Toyota Kirloskar Motor (TKM) on Wednesday signed an agreement with the Maharashtra government to manufacture electric and hybrid cars, which Chief Minister Eknath Shinde said would revolutionise the automobile sector. The MoU (Memorandum of Understanding) was signed at Sahyadri Guest House in Mumbai. The company has inked the MoU to examine the setting up of a greenfield manufacturing facility at Chhatrapati Sambhaji Nagar, Toyota Kirloskar Motor (TKM) said in a statement. "Under the project, 4 lakh electric and hybrid cars are expected to be manufactured every year with an investment of Rs 20,000 crore, generating 8,000 direct jobs and indirect employment for 8,000. This project will revolutionise the automobile sector," Shinde said. Deputy Chief Minister Devendra Fadnavis stated: "Transforming Maharashtra, Developing Marathwada! Reaffirming its commitment to India; Toyota Kirloskar Motors is set to launch a Green Field Manufacturing Facility in Maharashtra!" He said 850 acres of

We rely on demand pull; no excess stock with dealers, says Toyota

Gulati advocated for equalising the absolute tax, in rupee terms, on avg strong hybrid cars with that of avg petrol cars. This change, he argued, would promote hybrid vehicles, which emit less carbon

Toyota to launch EV with advanced self driving system for China in 2025

GAC Toyota is developing the system with Momenta Global, a startup that develops autonomous driving software for automakers including Mercedes-Benz

Toyota chair sees shareholder backing slide to 72% amid governance concerns

It is likely to be seen as an embarrassing rebuke for one of the giants of corporate Japan, where traditionally executives are re-elected to boards with overwhelming support

Toyota shareholder meeting: Focus remains on level of support for chairman

Toyoda's approval rating fell to 85 per cent last year from 96 per cent in 2022 but he only needs a majority to be re-elected and scandals aside, business has been good

Toyota, Mazda halt shipments as Japanese auto safety scandal widens

The irregularities were also found in applications from Honda, Suzuki and Yamaha Motor, the ministry said

Japan auto safety test scandal widens, Toyota halts some shipments

The ministry ordered Toyota, Mazda and Yamaha to suspend shipments of some vehicles. It said it will conduct an on-site inspection at Toyota's central Aichi prefecture headquarters on Tuesday

Toyota, other Japan automakers under scrutiny for certification issues

The transport ministry said separately it will conduct an on-site inspection at Toyota's headquarters on Tuesday

Toyota's global volumes fall in April as sales drop in China and Japan

Toyota's Japan sales were hit by a temporary halt to production of the Prius model at its Tsutsumi plant for quality checks and a partial halt of production at a line at a Toyota Auto Body plant

Varanasi, Detroit, Venice to host Toyota's $9 mn sustainability initiative

Varanasi faces challenges managing the influx of pilgrims and tourists, particularly regarding safety and accessibility in crowded areas

Toyota showcases next-generation engines adaptable to different fuels

It displayed in-development 1.5 litre and 2.0 litre engines with significantly reduced volume and height versus current engines

Toyota reports booming profit, vows to invest to keep growth going

Toyota doubled its net profit in the fiscal year that ended in March, as strong vehicles sales and a favorable exchange rate lifted results for Japan's top automaker. Toyota Motor Corp.'s annual profit totaled 4.9 trillion yen ($31.9 billion), up from 2.45 trillion yen the year before, while its sales jumped 21% to 45 trillion yen ($290 billion), the company said Wednesday. The results exceeded than Toyota's own projection for a 4.5 trillion yen ($29 billion) profit, as its global sales surged to 9.4 million vehicles from 8.8 million vehicles in the previous fiscal year. Sales of hybrids performed well, although Toyota stressed it was working hard to offer various kinds of electric vehicles, including battery EVs, plug-ins and fuel cell models. A weak yen worked as a big plus for Toyota, which makes the Camry sedan, Prius hybrid and Lexus luxury models. The U.S. dollar cost an average of 145 Japanese yen during the last fiscal year, up from 135 yen in the year before, according to

Toyota Motors to get an earnings lift from hybrids as EV hype cools

As global demand for battery-powered EVs has slowed, Toyota has cashed in by selling more hybrids, which come with relatively higher margins than regular gasoline cars