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Toyota makes $383 million investment in U.S. manufacturing

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Toyota said Tuesday it would be investing $383 million into increasing the production of hybrid vehicles at four of its U.S.-based manufacturing plants. The investment builds...

Automakers restart production at some China-based plants after COVID lockdowns

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Automakers said on Monday that they would be restarting production at certain plants in China after COVID-19 restrictions shut them down for weeks. The so-called “zero-COVID”...

Toyota executive doesn’t see car prices dropping anytime soon

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At the New York Auto Show this week, Toyota North America's Executive Vice President Bob Carter said that the high and rising prices of...

Toyota suspends Japan production after earthquake off the coast of...

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An earthquake hit Japan off the coast of the Fukushima prefecture measuring 7.4 on the Richter scale, triggering a tsunami warning and causing damage to infrastructure. Carmakers in the nation were temporarily closed to assess the damage but most have restarted operations. Toyota, however, has announced additional closures that affect vehicle production. In total, 18 […]
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Toyota

Toyota tops General Motors for 2021 total sales in U.S.

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For the first time since 1931, General Motors is not the best-selling vehicle brand in the United States. Toyota exceeded all other brands in the US last year for vehicles sold, dethroning an American icon in the process. However, the win will come with an asterisk beside the accolade with unforeseen challenges industry-wide that suppressed […]
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CBT automotive newscast: December 20, 2021

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Featured Show: Bloomberg's Kevin Tynan shares his auto industry predictions for 2022 Much has taken place throughout the past year in retail automotive; from record acquisitions...

CBT automotive newscast: December 17, 2021

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Featured Show: How the power of networking creates more opportunities for women in automotive - Diana Kennedy, General Manager We all want to keep and retain...
Toyota

Toyota announces a $70 billion commitment to EVs

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This week, Toyota announced its plans to further its commitment to electric vehicles, stating it will be allocating $70 billion to the development of its electric lineup. The announcement is quite significant, as Toyota has been criticized for lagging behind in the transition to EVs and has also been accused of attempting to slow down […]
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CBT automotive newscast: December 16, 2021

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 Inside Automotive: The Presidio Group's Jim Press and Brodie Cobb discuss today's automotive landscape Throughout the past year, we’ve seen The Presidio Group facilitate a number...
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North Carolina selected for new Toyota EV battery plant

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On December 7, Toyota announced a major investment into electric vehicle manufacturing with a new battery plant coming in the state of North Carolina. The news was revealed jointly with state Governor Roy Cooper and Liberty, N.C. Mayor, Filmore York. A massive $1.29 billion-dollar investment to be called Toyota Battery Manufacturing, North Carolina, or TBMNC, […]
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