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Toyota

Toyota plans to recall 1 million hybrid models over wiring issue

TOKYO: Toyota Motor Corp said on Wednesday it planned to recall around 1.03 million vehicles, including its gasoline-hybrid Prius model, in Japan, North America, Europe and other regions due to an issue with the engine wire harness which can pose a fire risk. Following a domestic recall announcement by Japan’s transport ministry, Toyota said that in affected vehicles, the wire harness which connects to the hybrid power control unit can come into contact with the covering at the connection point. If dust accumulates on…

Toyota to invest about $500 million in Uber for driverless cars

WASHINGTON: Toyota Motor Corp will invest $500 million in Uber Technologies to jointly work on developing self-driving cars, the companies said on Monday, a bid by both to catch up to rivals in the hotly competitive autonomous driving business. Toyota, one of the world’s largest carmakers, and Uber, the leading ride-hailing service, are widely seen as lagging the competition in developing self-driving cars. Their deal deepens an existing relationship and reflects CEO Dara Khosrowshahi’s strategy of Uber developing…