The world’s biggest-selling automaker hopes to catch up with its rivals with a host of new electric vehicles by 2026

Both carmakers gained from a plunge in the yen in October last year, even as a shortage of chips and soaring costs of raw materials squeezed global carmakers

For most of 2022, Tesla joined rivals in aggressively raising EV prices but its decision to reverse course now challenges automakers’ established strategy of pursuing profit-over-volume

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

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

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

The company's call coincides with the release of a new hybrid model, the Grand Vitara sport utility vehicle, that is intended to compete with Hyundai and Kia

The Japanese giant said on Tuesday that it would partner with Daihatsu and Suzuki to develop smaller electric vans, aiming to begin production next year.

Japan changed a key policy document that put hybrid vehicles on par with battery-electric cars after Toyota warned that carmakers could not back a government that rejected hybrid tech.

Petrol-electric hybrid models remain far more popular in Japan than pure EVs like the Solterra and bZ4X, which accounted for just 1% of passenger cars sold

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

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