Toyota Cuts July Global Production By 50,000 Vehicles

Toyota Cuts July Global Production By 50,000 Vehicles

Japanese carmaker, Toyota, on Wednesday announced that it would cut its global production plan by about 50,000 units compared to the figure provided to suppliers at the beginning of the year. Toyota said that it has decided to extend a...
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Toyota Joins Redwood Materials’ EV Battery Recycling Initiative

Toyota Joins Redwood Materials’ EV Battery Recycling Initiative

The United States startup Redwood Materials Incorporated on Tuesday said Japan’s Toyota Motor Corporation has become the latest auto industry giant to join its comprehensive electric vehicle (EV) battery recycling and remanufacturing initiative. Redwood ...
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Toyota To Cut Global Production Plan, Deliver 9.3m Vehicles By March 2023

Toyota To Cut Global Production Plan, Deliver 9.3m Vehicles By March 2023

Toyota Motor Corporation will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage. Reuters report on Tuesday that the company did not change its estimate of producing about 9.7 million...
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Toyota Records $22b Full-Year Profit 

Toyota Records $22b Full-Year Profit 

Toyota Motor Corporation on Wednesday posted a record full-year net profit helped by strong sales and a cheaper yen, but issued cautious forecasts as the pandemic and the war in Ukraine disrupt supply chains.The Japanese auto giant, which kept its cr...
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Toyota Cuts Production Due To Lockdown In Shanghai

Toyota Cuts Production Due To Lockdown In Shanghai

Toyota says it will suspend operations at more production lines at its factories in Japan this month due to the coronavirus lockdown in Shanghai. The firm says the production halt will come into effect on Monday and stay in place...
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Toyota To Forecast Higher Profit, Helped By Solid Demand

Toyota To Forecast Higher Profit, Helped By Solid Demand

Toyota Motor Corporation is expected to forecast higher profit for the year ahead when it reports earnings this week, helped by solid demand and a weaker yen, even as commodities costs and supply chain woes put pressure on the global...
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Nigeria Implores Toyota, Nissan, VW, Others On Assembly Plant

Nigeria Implores Toyota, Nissan, VW, Others On Assembly Plant

By citybusinessnews@yahoo.com  — The National Automotive Design And Development Council (NADDC) has implored multinational firms such as Toyota Motor Corporation, Volkswagen and Nissan to establish production plants in Nigeria.   Sp...
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MG, Toyota, Hyundai Top In Sales Satisfaction Index

MG, Toyota, Hyundai Top In Sales Satisfaction Index

On a 1,000-point scale, MG India has ranked highest in the J.D. Power 2021 India Sales Satisfaction Index (SSI) Study., MG scored 881, followed by Toyota India (877) and Hyundai India (875).  The J.D. Power 2021 India Sales Satisfaction Index (S...
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Q1: Toyota Outsells GM In the US

Q1: Toyota Outsells GM In the US

United States automakers reported a slump in first-quarter domestic sales, as the entire industry was slammed by chip shortages and disruptions to supply chains. Toyota, which in 2021 upstaged GM as the top-selling automaker in the United States, outsold ...
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Toyota Rolls Out 884,528 Vehicles In February

Toyota Rolls Out 884,528 Vehicles In February

Parts supply disruptions continued to affect Japanese automakers’ global production for February, but the results released by Toyota showed a clear contrast.  Toyota said its group, including Daihatsu and Hino Motors, produced 884,528 vehicles globa...
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Osinbajo Inaugurates Toyota Service Centre In Lagos 

Osinbajo Inaugurates Toyota Service Centre In Lagos 

The Vice President, Yemi Osinbajo, on Monday inaugurated the state-of-the-art Toyota Service and Research Facility in Lagos State.   Osinbajo also applauded the Managing Director, Toyota Nigeria Limited, Mr Kunle Ade-Ojo, as well as its board an...
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Toyota Suspends 18 Assembly Lines

Toyota Suspends 18 Assembly Lines

Japanese manufacturers began restarting production at plants in the country’s quake-hit northeast, but Toyota Motor Corporation said it plans to idle 18 assembly lines for a few days this week due to a shortage of parts from suppliers.On one ha...
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Toyota To Cut Production In April, May, June 

Toyota To Cut Production In April, May, June 

Toyota Motor Corporation  will scale back domestic production by up to 20% during the months of April, May and June, to ease the strain on suppliers struggling with shortages of chips and other parts.The move by Japan’s largest automaker is the...
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Toyota, Honda, VW, Jaguar Land Rover, Others Cut Business In Russia 

Toyota, Honda, VW, Jaguar Land Rover, Others Cut Business In Russia 

Japanese car makers Toyota and Honda have joined the growing list of corporates pulling out of Russia as the Ukraine crisis continues to intensify. They follow western car makers Volkswagen, Volvo and General Motors, motorcycle maker Harley...
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