Japan Carmakers Toyota, Nissan Post Surprise Bumper Profits

Both carmakers gained from a plunge in the yen in October last year, even as a shortage of chips and…

2 months ago

Tesla’s Mighty Profits Eat Into Asian Rivals in EV Price War

For most of 2022, Tesla joined rivals in aggressively raising EV prices but its decision to reverse course now challenges…

2 months ago

Toyota to Change EV Strategy to Close Gap With Tesla, BYD

Toyota has been reviewing a $30 billion, three-stage plan for developing and releasing electric vehicles it announced late last year

4 months ago

Toyota to Shut Russia Plant And Join Western Firms’ Exodus

The St Petersburg factory has a capacity of 100,000 units a year and produced Toyota's Camry and RAV4 models

6 months ago

Japan’s Toyota Pledges $1.8bn Indonesia EV Investment

Indonesia's chief economic minister Airlangga Hartarto met with Toyota vice-chairman Shigeru Hayakawa on Tuesday in Tokyo, the Jakarta ministry said

8 months ago

Maruti Suzuki Urges India to Back Hybrid Cars as Well as EVs

The company's call coincides with the release of a new hybrid model, the Grand Vitara sport utility vehicle, that is…

8 months ago

Toyota to Build Fleet of Small Electric Commercial Vehicles

The Japanese giant said on Tuesday that it would partner with Daihatsu and Suzuki to develop smaller electric vans, aiming…

9 months ago

Japan Elevates Hybrid Policy After Toyota Head’s Warning

Japan changed a key policy document that put hybrid vehicles on par with battery-electric cars after Toyota warned that carmakers…

9 months ago

Toyota, Subaru Shares Slump After EV Safety Recalls

Petrol-electric hybrid models remain far more popular in Japan than pure EVs like the Solterra and bZ4X, which accounted for…

9 months ago

Toyota Recalls Newly Released EV Over Safety Issue

The company said on Thursday that 112 of its bZ4X electric sport utility vehicles would be recalled to replace a…

9 months ago

Toyota Defends Electric Vehicle Strategy Ahead of AGM

Toyota was once a darling of environmentalists, but has more recently drawn criticism over its apparent reluctance to phase out…

10 months ago

Toyota to Reopen Changchun Plant

Shuttered since mid-March, the plant will resume operations as the city eases covid restrictions.

11 months ago