Toyota to Invest Up to 730 Billion Yen in Japan/U.S. Battery Production

TOKYO, Aug 31, 2022 – (JCN Newswire via SEAPRWire.com) – Toyota Motor Corporation (Toyota) has decided to invest up to 730 billion yen (approximately $5.6 billion) in Japan and the United States toward supplying automotive batteries for battery electric vehicles (BEVs), for which demand is growing, and aims to begin battery production between 2024 and […]

Toyota profit slides 42%, hit by double-whammy of supply constraints and costs

TOKYO (REUTERS) – Toyota Motor posted a worse-than-expected 42 per cent hit to quarterly operating profit on Thursday (Aug 4) as the Japanese automaker was squeezed by both supply constraints and rising costs. Operating profit for the three months ended June 30 sank to 578.66 billion yen (S$5.97 billion) from 997.4 billion yen in the […]

Suzuki, Daihatsu, Toyota, and CJPT to Introduce Mini-Commercial Van Electric Vehicles in FY2023

Toyota City, Japan, Jul 19, 2022 – (JCN Newswire via SEAPRWire.com) – Suzuki Motor Corporation (Suzuki), Daihatsu Motor Co., Ltd. (Daihatsu), Toyota Motor Corporation (Toyota), and Commercial Japan Partnership Technologies Corporation (CJPT) announced that they have agreed to work towards the market introduction of mini-commercial van electric vehicles (BEVs) in FY2023 to achieve carbon neutrality. […]

Toyota and Suzuki to Deepen Collaboration in the Fields of Development and Production in India

TOKYO, Jun 24, 2022 – (JCN Newswire via SEAPRWire.com) – Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) signed a memorandum of understanding for a business alliance in 2017. Since then, the two companies have been bringing together Toyota’s strength in electrification technologies and Suzuki’s strength in technologies for compact vehicles for joint collaboration […]