toyota Archives — Page 3 of 8 — City Business News

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 and Mitsubishi Motors said the latest outlay followed $11 billion already ...

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...

September 29, 2021 No Responses

Toyota Acquires Renovo

Toyota Motor Corporation Silicon Valley research arm has acquired automotive operating system software company Renovo to help accelerate the development of fully autonomous connected vehicles.“I am hoping to shave off years and months to our minimum via...

September 8, 2021 No Responses

Toyota Votes $13.5b To Develop Electric Vehicle Battery

Toyota Motor Corp said on Tuesday it expects to spend more than $13.5 billion by 2030 to develop batteries and its battery supply system – a bid to lead in the key automotive technology over the next decade.The world’s largest automaker....

August 20, 2021 No Responses

Toyota To Cut Global Production By 40%

Toyota is to slash worldwide vehicle production by 40% in September because of the global microchip shortage. The world’s biggest carmaker had planned to make almost 900,000 cars next month but has now reduced that to 540,000 vehicles. Volkswagen...

August 17, 2021 No Responses

Toyota, Nissan, Others To Form Consortium Against Cyber Attack

Ninety companies, including Toyota and Nissan, will form a consortium to protect connected cars from cyber-attacks.In a report published by Nikkei Asia to prevent hijacking and data theft, the companies will check their automotive software ...

July 24, 2021 No Responses

Toyota Unveils New Aqua Electric Car

Toyota Motor Corporation has launched its new Aqua hybrid electric compact car redesigned to realize its mission to ‘introduce sustainable vehicles practically’ and to contribute to carbon neutrality, the company said in a release.The n...

July 23, 2021 No Responses

Toyota, Suzuki, Daihatsu Explore Electric Vehicle Venture

Suzuki Motor Corporation and Daihatsu are joining a commercial electric vehicle coalition led by Toyota Motor Corporation, the carmakers announced on Wednesday, helping the Japanese alliance expand its focus from trucks to smaller cars.The two automakers ...