toyota Archives — Page 5 of 8 — City Business News

June 14, 2020 No Responses

At AGM, Toyota Vows To Remain Profitable

The Chief Executive Officer of Toyota Motor Corporation, Akio Toyoda told shareholders at the automaker’s annual meeting that the company will remain profitable during the coronavirus pandemic, using lessons it learned during the global financial crisis more than a decade ago,As...

May 26, 2020 No Responses

Toyota, Nissan, Honda Gear Up For Mexico Reboot

Japanese automakers Toyota, Nissan and Honda said they are gradually restarting in Mexico as the nation’s automotive industry reboots in line with a broader economic reopening, despite still-high numbers of new coronavirus cases. Mexican officials in mid...

May 13, 2020 No Responses

Toyota Pledges To Protect Workers, Explains $66b Quarterly sales

The President of Toyota Motor Corporation, Akio Toyoda on Tuesday promised to protect jobs and what he called “Toyota people” across the world “with their skills and shared sense of mission“. Akio Toyoda said the company is facing it...

May 9, 2020 No Responses

Toyota Posts First Increase In sales, Delivers 142,900 vehicles In April

For the Month of April 2020, Toyota Motor Corporation , on Friday announced that it recorded increase sales in China, the first monthly increase since the novel coronavirus broke out in January. Within the period, Toyota explained that it ...

April 24, 2020 No Responses

Toyota To Resume Production May 4

Toyota Motor announced on Thursday it will resume automobile production at all of its 14 plants in North America from May 4 after a one-and-a-half month suspension due to the novel coronavirus. “Beginning the week of May 4, Toyota intends...

April 17, 2020 No Responses

Toyota To Cut Production As Coronavirus Squeezes Demand

Toyota Motor Corporation is cut production of finished vehicles by 40 percent in Japan in May as demand shrinks around the world because of the coronavirus pandemic. The measures, which will cut production to 79,000 vehicles for the month, include...

March 31, 2020 No Responses

Toyota Seeks $9b Credit Line From Two Banks

Toyota Motor Corp. is seeking a 1 trillion yen ($9 billion) line of credit from Sumitomo Mitsui Banking Corp. and MUFG Bank Ltd as the Coronavirus pandemic is intensifying across the world. Agency reports indicates that although Japan’s biggest automak...

March 24, 2020 No Responses

Covid-19: Toyota Employee Tests Positive

Toyota Motor Corporation has confirmed that one of its employee in his 20’s working as a line worker at the company’s Takaoka plant, based in Aichi prefecture, Japan has been found infected with Covid-19. In a statement, the company explained...

March 21, 2020 No Responses

Japanese Automakers Close More Plants In Europe

Japanese automakers to temporarily close more vehicle plants in Europe and Asia as the spread of the coronavirus prompts countries to instruct non-essential businesses to suspend operations. A growing number of global automakers have been shuttering plants in ...

March 5, 2020 No Responses

Toyota Recalls 3.2m Vehicles Worldwide

Toyota Motor Corporation on Wednesday recalled 3.2 million vehicles worldwide to address a fuel pump issue that could result in engines stalling. The Japanese automaker first said in January it would recall 696,000 U.S. vehicles with a fuel pump that...

March 4, 2020 No Responses

Toyota Restructures Management Team

Toyota Motor Corporation is to scrap executive vice president (EVP) roles as part of measures to streamline the company’s structure, improve production systems and cut costs. Also on Tuesday, Toyota .named Kenta Kon as its next chief financial offi...

January 22, 2020 No Responses

Toyota Recalls 3.4m Vehicles Worldwide

Citing electronic defect that can result in air bags not deploying in crashes, Toyota Motor Corporation said on Tuesday that it will recall 3.4 million vehicles worldwide The recall, which includes 2.9 million US vehicles, covers 2011-2019 Corolla, 2011-2013 M...

November 22, 2019 No Responses

Toyota Unveils Loan Facility For Customers

Toyota on Thursday launched a facility for fast tracking car loans to its customers in India within 30 minutes of their applying. “The new service named ‘Tatkal’ loan enables our customers to get loan approval in 30 minutes of submittin...

November 8, 2019 No Responses

Toyota Declares $6.09b Profit, 2.75m Sales In Q2

Toyota Motor Corporation posted a 14% rise in second-quarter profit on Thursday, boosted by a rise in global vehicle sales. Japan’s biggest automaker posted an operating profit of 662.3 billion yen ($6.09 billion) in the July-September quarter, up from 5...