Elliott heaps pressure on Toyota with 5% stake in group firm slated for buyout
- 10-Dec-2025
Elliott Investment Management has lifted its stake in Toyota Industries to 5.01%, further increasing pressure on automotive giant Toyota Motor which plans to buy out the forklift manufacturer, a key group firm. The U.S. activist investor, which spent 268 billion yen ($1.7 billion) on acquiring the stake, said in a Japanese regulatory filing on Wednesday […]
Toyota plans to invest $912 Million in US to boost hybrid vehicle production
- 19-Nov-2025
Automotive manufacturer Toyota on Tuesday announced plans to invest a massive $912 million in five United States factories to boost production of hybrid vehicles to meet increasing demand. Toyota, a frontrunner in the hybrid vehicle market, is making a significant commitment to the future of transportation by investing up to $10 billion over the next […]
Toyota workers approve temporary layoff plan, union says
- 29-Sep-2025
SAO PAULO: Workers for Toyota in Brazil voted overwhelmingly on Sunday to approve a plan for temporary layoffs following storm damage to one of the Japanese carmaker’s factories in the state of Sao Paulo, according to a statement from the workers union. Heavy rain and winds on September 22 severely damaged Toyota’s Porto Feliz factory, […]
Toyota halts production at Brazil plants
- 24-Sep-2025
SAO PAULO: Japanese carmaker Toyota, was forced to halt production at two plants in Brazil after heavy rain and winds severely damaged its Porto Feliz factory, the company said on Wednesday. The company said it did not know when production might resume at its plants in Porto Feliz, where it makes engines, and Sorocaba, where […]
Toyota warns of $9.5 billion tariff hit
- 07-Aug-2025
TOKYO, Aug 7: Japan’s Toyota Motor said on Thursday it expected a hit of nearly $10 billion from President Donald Trump’s tariffs on cars imported into the United States, the highest such estimate yet by any company, underscoring growing margin pressures. The world’s top-selling car maker also cut by 16% its forecast for full-year operating […]
Toyota to raise auto prices
- 21-Jun-2025
June 20, 2025: Japanese carmaker Toyota Motor said on Saturday it will raise prices for some vehicles sold in the United States by an average of $270 starting in July. The automaker’s decision follows U.S. President Donald Trump’s imposition of a 25% tariff on imported vehicles and auto parts. A Toyota spokesperson, however, denied the […]
Toyota remains world’s top-selling automaker for fifth straight year
- 30-Jan-2025
Toyota Motor sold 10.8 million vehicles in 2024, it said on Thursday, remaining the world’s top-selling automaker for a fifth straight year. The Japanese automaker posted a 3.7% drop in global group unit sales last year, including those of compact car maker Daihatsu and truck unit Hino Motors. The decline was largely due to a […]
Toyota’s global output declines for ninth straight month
- 28-Nov-2024
Toyota Motor’s global output dropped for a ninth consecutive month in October, dragged lower by big falls in production in the United States and China, but the decline was mild compared to previous months. The world’s biggest automaker also logged its first rise in five months for global sales, which grew 1.4% to 903,103 vehicles, […]
Toyota bets big on hybrid-only models
- 15-Aug-2024
Toyota may be one of the slowest legacy automakers to develop electric vehicles but it could be the first to jettison cars powered only by gasoline. Almost three decades after launching the Prius, its pioneering gasoline-electric hybrid, Toyota is moving to convert most, and eventually maybe all, of its Toyota and Lexus line-up to hybrid-only […]
Toyota’s plan for Lexus cars revealed
- 26-Jul-2024
Japan’s Toyota Motor plans to build a battery plant for electric vehicles in the southwestern prefecture of Fukuoka and supply its batteries to a factory that makes luxury Lexus brand cars, the Nikkei business daily reported on Friday. The world’s top-selling automaker would seek to make the island of Kyushu where Fukuoka is located a […]