toyota Archives — Page 6 of 9 — City Business News

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...

October 10, 2019 No Responses

Toyota Unveils Self-Driving Shuttle For 2020 Olympic Games

Toyota on Wednesday revealed the version of its e-Palette self-driving shuttle that will be used to transport athletes during the 2020 Olympic Games in Tokyo. The e-Palette was first shown as a concept in early 2018 and is essentially an...

September 20, 2019 No Responses

Toyota Votes $243.29m For New Expansion

Toyota Motor Corp on Thursday announced a 1 billion reais ($243.29 million) expansion at a plant in the Brazilian state of Sao Paulo, joining Volkswagen and General Motors in new investments in the region. Toyota said the funding would allow...

August 31, 2019 No Responses

Buhari Welcomes Investments From Japan Bank, Toyota

President Muhammadu Buhari Friday held investment talks with top officials of Japan Bank for International Cooperation, and Toyota Group, at the margins of the Seventh Tokyo International Conference on African Development (TICAD 7), holding in Yokohama, Japan....

August 29, 2019 No Responses

Toyota, Suzuki Seal New Alliance

Toyota Motor Corporation and Suzuki Motor Corphave have entered into a capital tie-up in order to develop and promote a long-term partnership between the two companies. “The execution of the capital alliance agreement is a confirmation and expression of ...

August 19, 2019 No Responses

Toyota Delivers 2,303,495 Units In Three Months

Toyota Motor Corporation (TMC) has seen its global sales increased by 4% in the first quarter (April-June) of 2019 with 2,303,495 units. In its home market Japan, TMC sold a total of 555,291 units in this period, up by 44,952...