Some of Toyota's sharpest environmental critics attack the world's largest automaker for not having done enough to enable a transition to electric vehicles.
A huge hole here — and the bustle of activity taking place within and around it ; is the Japanese automaker's $13.9 billion argument otherwise.
After sprinting to record sales and output, Toyota says it is time to take a breather.
The world's biggest carmaker wants to shift to marathon mode by re-examining its production cadence and resetting its "cruising speed" in the coming fiscal year, executives in Japan say.
The course correction comes after Toyota Motor Corp. reported record sales and production in 2023 as it ramped up factories to feed pent-up demand. Since last summer when the semiconductor shortage eased, Toyota has been cranking out the cars.
After repeatedly being accused by outside groups last year of being slow to embrace electric vehicles, Toyota Motor North America's head of sales says the company's varied powertrain strategy is being guided by its dealers and their customers, which gives it a competitive advantage.
Akio Toyoda is correcting course at Toyota Group companies in Japan amid a rash of misconduct that has embarrassed the world's biggest carmaker and eroded public trust at home.
The Toyota Motor Corp. chairman summoned the leaders of the 17 group affiliates to a morning meeting Tuesday in Nagoya and outlined a new Global Vision to refocus their priorities.
Toyoda told them that the Toyota Group has lost sight of its founding principles. He urged a back-to-basics shift, returning agency to front-line workers and concentrating more on product.
Toyota Motor said on Monday it is urging the owners of 50,000 older U.S. vehicles to get immediate recall repairs because an air bag inflator could explode and potentially kill motorists.
The Japanese automaker said the "Do Not Drive" advisory covers some 2003-2004 model year Corolla, 2003-2004 Corolla Matrix, and 2004-2005 RAV4s with Takata air bag inflators.
Akio Toyoda showed off six hot rides he counts among his personal favorites.
And if you guessed they all have one thing in common, you'd be spot on in wagering that the Toyota chairman's hand-picked collection is more eclectic than electric.
Toyoda, noted for his long-standing skepticism about full-electric vehicles, showcased his "beloved" cars at this month's Tokyo Auto Salon. True to form, they all had gasoline engines.
Rachel Culin considered herself a Toyota loyalist, one of millions of people who appreciated the company’s reliable and fuel-efficient hybrids. But she recently bought an electric Chevrolet Bolt to replace her Toyota Prius because the Japanese automaker had been too slow when it came to selling electric vehicles.
“Where are the options for those people who love Toyota?” Ms. Culin, a resident of Mesa, Ariz., said. “It’s really sad.”
When Toyota Motor Corp convenes its annual shareholders' meeting on Wednesday, the world's biggest carmaker will be bracing for rare investor backlash, with some pension groups even voting against the appointment of longtime leader Akio Toyoda as company chairman
The normally staid and tightly scripted event, traditionally held at Toyota's global headquarters in Toyota City, was thrown a curve ball this year by a proxy adviser campaign that questioned the board's independence and the company's environmental policies
As chairman Uchiyamada retires and Akio Toyoda steps up to replace him, how will Toyota Motor Corporation’s incoming president and chief executive Koji Sato make his mark?
Toyota expects vehicle production to exceed pre-pandemic levels, forecasting output of as many as 10.6 million vehicles during 2023 while warning that final shipments could be 10 percent lower if it is unable to procure enough parts, especially semiconductors.
The newly issued target would be a significant jump from the planned 9.2 million vehicles that the automaker forecasts for the fiscal year through March.
Akio Toyoda showed off six hot rides he counts among his personal favorites.