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Toyota, Hyundai, Kia US auto sales improved in September

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Supply chain constraints and inventory shortages continue to plague many automakers, and the sales volume numbers for September show a mixed picture of improvements...
Toyota

CEO Akio Toyoda doubles down on Toyota’s long term EV targets

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Toyota recently held its annual dealer meeting in Las Vegas, during which the company's CEO, Akio Toyoda, made statements about the automaker's electrification strategy....
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Toyota scales back October production output due to chip shortage

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The semiconductor chip shortage is still affecting vehicle manufacturers globally, including the world’s largest automaker by sales, Toyota. On Thursday, the Japanese company said...
Toyota

Toyota refines BEV development strategy, aims to reduce battery costs by...

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Toyota is making moves that the company hopes will speed its development pace for battery electric vehicles, including significant investments in properties in the...
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Toyota’s volume dropped 9.8% last month due to ongoing supply roadblocks

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Toyota Motor Corporation released its August sales numbers on Friday, showing that the company is still struggling to reach sales expectations due to low...
Toyota

Toyota increases investment in N. Carolina battery plant by $2.5 billion

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Toyota Motor Corporation announced that the company would increase investment in a new US battery plant in response to rising consumer demand for electric...
Toyota

Toyota agrees to recognize California emission standards

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Toyota Motor North America has agreed to recognize vehicle emission standards set by the state of California under the Clean Air Act. The statement...
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CBT automotive newscast: August 25, 2022

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 Inside Automotive: Dealer Andy Wright weighs in on OEM direct-to-consumer selling models We are hearing even more buzz surrounding the direct-to-consumer model that EV makers and...
Toyota

Toyota profits shrink 43% due to ongoing supply chain shutdowns

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Toyota's profit fell 43% (578.66 billion Yen) in the last three months due primarily to supply chain issues. Last year, Toyota earned an average...
Toyota

Toyota sells its 200,000th plug-in electric vehicle, loses EV tax credits...

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During the second quarter, Toyota sold its 200,000th plug-in electric vehicle, marking the phaseout of U.S. EV tax credits (up to $7,500) for its...