toyota Archives — Page 3 of 8 — City Business News

March 20, 2022 No Responses

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 hand, the limited...

March 13, 2022 No Responses

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...

March 3, 2022 No Responses

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...

February 21, 2022 No Responses

Toyota Delivers 239,723 Units In Thai, Targets 284,000 In 2022

The Thai unit of Toyota Motor Corporation expects its car sales in the Southeast Asian country to rise 18.5% to 284,000 vehicles this year. Reuters report that Toyota, which commands about a third of the Thai vehicle market, recorded sales...

February 11, 2022 No Responses

Toyota Quarterly Profit Beats Estimates

Toyota has declared a forecast-beating net profit of $6.8 billion for the three months to December, even as a global chip crunch and a pandemic-driven parts shortage forced production cuts.AFP report that the Japanese auto giant, which kept its crown as...

January 29, 2022 No Responses

2021:Toyota Widens Lead On Volkswagen, Records 10.5m Sales

Japan’s Toyota Motor Corporation said on Friday its vehicle sales rose by 10.1% last year, making it the world’s biggest carmaker for a second straight year and putting it further ahead of its nearest rival, Germany’s Volkswagen. The carmaker...

January 28, 2022 No Responses

Nissan Alliance To Invest $25b In Electric Vehicles

The Nissan auto alliance said Thursday it will invest more than $25 billion in electric vehicles over the next five years, marking the latest massive cash injection into the fast-growing sector by the auto industry.Nissan, Renault...

January 19, 2022 No Responses

Toyota Targets One Million Cars In March

Foremost auto firm, Toyota Motor Corporation will build 700,000 vehicles globally in February, up 10% on the year, but will still need to make a million more in March in order to reach an annual production target of 9 million, the...

January 12, 2022 No Responses

Toyota Nigeria Gets Multiple Awards

Toyota Nigeria Limited (TNL), recently, occupied the centre stage at the 2021 edition of the annual Nigeria Auto Journalists Association (NAJA) awards held in Lagos State, Nigeria. TNL got three prized products awards and received the biggest ...

January 6, 2022 No Responses

2021: Toyota Overtakes GM To Lead US Auto Sales

Japanese carmaker Toyota led US automobile sales in 2021, overtaking General Motors for the first time as a shortage of semiconductors roils the car industry. Toyota sold 2.332 million vehicles in the United States in 2021, compared w...

December 15, 2021 No Responses

Toyota Budgets $35b For Battery Production, Targets 30 EV Models

The management of Japanese Toyota Motor Corporation (TMC)has concluded plans to introduce a full lineup of 30 battery electric vehicles by 2030 and will invest four trillion yen ($35 billion) to boost battery production, the company CEO Akio Toy...

November 22, 2021 No Responses

Toyota Nigeria Unveils New Corolla

By ebosele@hotmail.com — Toyota Nigeria Limited (TNL) has unveiled new Corolla sedan for the nation’s market. The new Corolla was the only new vehicle (model) unveiled at the just concluded 2021 Abuja auto fair. Toyota N...

October 16, 2021 No Responses

Toyota Cuts Global Production Plan By 15%

Toyota Motor Corporation on Friday cut its planned global output for November by as much as 15% due to ongoing chip shortages, but indicated it would ramp up production from December by sticking to its latest full-year production target.Japan’s lead...

October 3, 2021 No Responses

Toyota Outsells GM In Nine Months

Japanese automaker, Toyota Motor Corporation outsold General Motors Co in the United States for the first nine months of 2021 as the Detroit automaker grappled with production problems stemming from the semiconductor chip shortage.Toyota du...