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Tag Archives: akio toyoda
Toyota to Invest in Joby Aviation EV Taxis!
In a quiet, overlooked announcement earlier this month, Toyota Motor Corporation (NYSE: TM) and Joby Aviation( NYSE: JOBY), a company developing electric air taxis for commercial passenger service, announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby’s electric air taxi. The investment will be made in two equal tranches, with the first targeted to close later this year and the second during 2025. This is part of a trend of traditional automobile companies transitioning to mobility companies on land, the seas, air or space.
“Today’s investment builds on nearly seven years of collaboration between our companies,” said JoeBen Bevirt, founder and CEO, Joby Aviation. “The knowledge and support shared by Toyota has been instrumental in Joby’s success and we look forward to deepening our relationship as we deliver on our shared vision for the future of air travel.” Continue reading
Posted in autonomous vehicles, aviation, economy, electric vehicles, engineering, environment, global warming, milestones, news analysis, shows and events, software defined vehicles, transportation
Tagged akio toyoda, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, electric air taxis, JoeBen Bevirt, Ken Zino, NYSE: JOBY, NYSE: TM, Tetsuo Ogawa, Toyota Ventures, X @KenAutoinformed
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More Toyota Certification Problems Emerge from MLIT Probe
Toyota Motor Corporation said today that it had received a “correction order” from the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), that calls for “drastic reforms to ensure appropriate certification operations.” Akio Toyoda’s chairman’s position remains under threat here from dissatisfied shareholders, AutoInformed notes. Continue reading
Posted in auto news, customer satisfaction, engineering, litigation, news analysis, quality, safety
Tagged akio toyoda, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Corolla Axio, Corolla Fielder, Ken Zino, Ministry of Land Infrastructure Transport and Tourism, MLIT, Noah/Voxy, TPS Jishuken, Yaris Cross
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Toyota Releases More Details on Vehicle Certification Fraud
“All the cases are related to certification. The certification system in Japan verifies whether a product meets the established standards mainly in the fields of safety and environment using measurement methods in accordance with rules. Vehicles can only be manufactured and sold after meeting certification test standards. The point of this issue is that the vehicles were mass-produced and sold without going through the correct certification,” Toyoda said. Continue reading
Posted in auto news, customer satisfaction, engineering, litigation, news analysis, safety
Tagged akio toyoda, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Customer First Promotion Group, Daihatsu, Hino, Ken Zino, MLIT, Shinji Miyamoto, Toyota Group, Toyota Industries
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Toyota Cleans Daihatsu House Over False Tests
“President-to-be Inoue has for many years been working on structural reform of Toyota’s Latin American business, including a renewed regional management system involving Brazil and Argentina. Despite the many difficult decisions he has had to make, he is a leader who has moved reforms forward by implementing thorough dialogue with front-line members. Utilizing this experience, he will lead the revitalization of Daihatsu as the person responsible for ‘on-site management,’ Executive Vice President-to-be Kuwata will promote corporate cultural and organizational reform initiatives by leveraging his experience in human resources and on-site management,” Toyota said. Continue reading
Posted in auto news, blog, customer satisfaction, fools 'n frauds, fuel economy or emissions, labor issues, mobility company, people, quality, safety, shows and events
Tagged akio toyoda, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Daihatsu reorganization, Keiko Yanagi, Ken Zino, Masahiro Inoue, Masanori Kuwata, toyota motor
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CJPT expels Hino over Emission Data Certification Fraud
In a move that appears to be an attempt to isolate Hino’s owner Toyota from the ongoing legal and other liabilities in the matter that started in 2003, Akio Toyoda, President of Toyota Motor Corporation “suggested that the misconduct committed by Hino is incompatible with CJPT’s * aspirations and goals and that the continued inclusion of Hino in activities will not gain the understanding of its customers and the public,” the Toyota statement said. Continue reading
Toyota to Build Suzuki SUV in India for Both Brands
The powertrains offered in India, will be equipped with a mild hybrid developed by Suzuki and a full hybrid developed by Toyota. “By bringing together strengths of both Toyota and Suzuki through the collaboration, the two companies will be able to provide a wide variety of vehicle electrification technologies to customers and contribute to the acceleration of electrification and the realization of a carbon-neutral society in India,” the companies said in a joint release. Continue reading
Toyota – Annual Global Sales of 3.5Mn Battery EVs by 2030
This is a sweeping claim, emulating GM’s breakthrough EV announcement in January, is by a giant company that sells more than 100 models of engine-only vehicles, hybrid electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles in more than 170 countries and regions under the Toyota brand. The Lexus brand has more than 30 models of engine-only vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles in more than 90 countries and regions. Continue reading
Toyota e-Palette Hits Pedestrian at Paralympic Games
On Thursday 26 August 2021, a Toyota e-Palette, an autonomous vehicle used to support mobility within the Athletes’ Village at the Olympic and Paralympic Games Tokyo, collided with a visually impaired person about to cross at a pedestrian crossing. At … Continue reading
Akio Toyoda Wants Mobility Centered on People
Wacky marketing babble alert: “Through the evolution of artificial intelligence, I think that cars, too, can also become able to communicate with people and their hearts. that’s right… I think cars of the future will be like horses. Continue reading
Toyota to Start New Car Subscription Service in Japan
Toyota wants to change from an automobile manufacturing company into – what else – a mobility company that offers a range of services to society of the future. Until now, Toyota has strengthened alliances between Toyota Group companies and other automobile manufacturers and new companies offering mobility services to create partnerships. The next steps are murky. Continue reading
Posted in car sharing, concept, customer satisfaction, marketing, milestones, news analysis
Tagged akio toyoda, auto industry commentary, autoinformed, autoinformed.com, automotive blog, Automotive Commentary, elon musk, Ken Zino, KINTO, kintoun, Mobility Company, new car reviews, new car subscription service
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Toyota and Mazda JV to Build Cars in U.S. Trumped?
The plant would have an annual production capacity of approximately 300,000 units. Pending approvals and authorization by government agencies, the companies will begin to examine detailed plans with the goal of starting operations in 2021. The plant will require a total investment of approximately $1.6 billion, and will create up to 4,000 jobs. Continue reading
Posted in economy, new vehicle, news analysis
Tagged akio toyoda, autoinformed.com, Ken Zino, Mazda Toyota
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Toyota Projects 20% 2012 Sales Rise. Ichiban Again?
Both General Motors Company and Volkswagen Group, at more than 8 million vehicles each, will outsell Toyota’s 2011 sales tally of fewer than 8 million in a record global market of 75 million vehicles. Continue reading
Toyota Starts a Sweeping Reorganization – “Global Vision”
Vowing that “Toyota will lead the way to the future of mobility,” Toyoda, the scion of the founding family, said the executive staff would be streamlined and more decision making power would now reside in the regions.
The unintended acceleration and stuck gas pedal recalls were only undertaken by Toyota after years of neglect when U.S. Department of Transportation officials flew to Japan and insisted on the safety recalls. U.S. Toyota executives were only responsible for sales matters and were powerless to address the issue. Subsequently, DOT imposed record multi million dollar fines on Toyota for delays in addressing the deadly problem.
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Toyota Motor, Joby Aviation Meet at Toyota’s Technical Center
Toyota Motor Corporation and Joby Aviation executives came together at Toyota’s Higashi-Fuji Technical Center in Shizuoka, Japan on Saturday 2 November. Present were Akio Toyoda, chairman Toyota Group, and Joby CEO and founder, JoeBen Bevirt, along with Joby’s air taxi, an electric vertical takeoff and landing aircraft (eVTOL*). After its first flights in Japan on previous day, the plan was to get senior executives on board, so to speak.
However, the weather kept them on the ground. Nonetheless, their aspirations still soared upward. “Since its founding, Toyota has been working to realize a society in which everyone can move freely. About 100 years ago, in 1925, Sakichi Toyoda, founder of the Toyota Group, offered a prize to encourage the development of a storage battery that could provide enough performance ‘to fly an airplane across the Pacific Ocean.’ Since then, Toyota has continued to focus on the challenge of air mobility through the generations,” Toyota said in a release likely prepared when the Sun was shining. Continue reading →