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Tag Archives: toyota motor
Toyota Motor Leads Global 2024 CY Sales at 10.8M
Toyota Motor Corporation (7203.T) today posted its sales, production, and export results for December 2024 , and significantly the total from January to December 2024, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors. With 10.8 million sold – down ~3.7% because of regulatory compliance issues in Japan and the ongoing EV price war in China – TMC easily out sold the Volkswagen group, which reported a 2.3% drop in global sales for 2024 at ~9 million. This makes TMC the undisputed global sales leader for the fifth straight year. Continue reading
Posted in auto news, electric vehicles, manufacturing, marketing, mobility company, news analysis, results, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Daihatsu Motor Co, Hino Motors, Ken Zino, Takashi Watanabe, toyota motor, X @KenAutoinformed
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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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Daihatsu Ousted from CJPT for Certification Fraud
“CJPT has decided to accept Daihatsu’s request based on the belief that the continued inclusion of Daihatsu in activities will not gain the understanding of the public needed to progress its projects to build the future together,” CJPT said. Continue reading
Posted in auto news, autonomous vehicles, blog, connected vehicles, engineering, environment, fuel economy or emissions, global warming, news analysis, public health, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, CJPT, Commercial Japan Partnership Technologies Corporation, Daihatsu, Ken Zino, toyota motor
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Heavy Duty – Mitsubishi Fuso and Hino Motors to Merge
How this works under various anti-trust laws and regulations is unclear to AutoInformed. Details on the scope and nature of the collaboration including the name, location, shareholding ratio and corporate structure of the new holding company will be decided during the next ~18 months. The parties predict signing of definitive agreements in the first quarter of 2024. They aim to close the transaction by the end of 2024. Once all parties involved reach an agreement, they will move forward based on the approval of the relevant boards of directors, shareholders, and authorities. Continue reading
Toyota Profit for Q3 Up 22%. YTD Down
Toyota said “we are striving to quickly evaluate alternative semiconductors and respond to design changes in order to secure stable procurement of semiconductors. We are also seeking to shorten the lead time by visualizing the process from order to delivery for each vehicle. We are absorbing the burden on our suppliers caused by the soaring materials and energy prices in order that activities to strengthen competitiveness are installed widely and deeply across the entire supply chain.” Continue reading
Posted in economy, financial results, mobility company, results
Tagged auto industry commentary, autoinformed.com, Ken Zino, toyota motor
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Toyota and DENSO Fusing Electronic Component Operations
Initial discussions focused on consolidation of production operations by the end of 2019, and development functions from 2022, but in order to ensure a smooth transfer and to create the new structure faster, both companies agreed to consolidate both development and production in April 2020. Continue reading
Toyota Motor and Uber Expand Collaboration
To accomplish this, technology from each company will be integrated into purpose-built Toyota vehicles to be deployed on Uber’s ride-sharing network. Separately, Toyota is investing $500 million in Uber. Continue reading
Toyota, Daihatsu Form Emerging Market Compact Car Company
Toyota is under intense competitive pressure from global automakers and is experimenting with a different organizational approach to getting mini cars to market. Honda, Maruti and Tata, among others come to mind here. However, this – potentially – could also change Toyota’s approach and cost basis to compact vehicles in established markets. Continue reading
Weak Yen Helps Toyota Motor Post Record Profit
Toyota Motor posted a 10% rise in net profit to ¥646.3 billion for the Japanese Q1, but if it was not for the weak yen (¥124:$1) Toyota’s profits would have dropped. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, exchange rates, Ken Zino, toyota motor
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Toyota Motor Posts $9.7 Billion Profit for Year
This was the largest annual return in five years for the world’s largest automaker, and a clear indication that the recalls of ten million vehicles during 2009-2010 and the product shortages from natural disasters in 2011 are now behind it. Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, corolla, Ken Zino, lexus is, toyota motor
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Toyota to Build Lexus ES 350 at Georgetown, Kentucky Plant
Forced by the strong Yen that is sapping profits of its most profitable line, Toyota Motor said today that for the first time a Lexus would be built in the United States. The recently revised ES 350 sedan will be assembled at Toyota Motor Manufacturing in Kentucky during 2015. Continue reading
Posted in auto news, manufacturing, milestones
Tagged autoinformed, autoinformed.com, georgetown kentucky, Ken Zino, lexus es 350, toyota motor
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Toyota Ousts GM from Global Auto Sales Leadership. VW Third
Toyota Motor regained global sales leadership in 2012 ousting GM by selling 9.75 million vehicles. GM’s sales were 9.29 million vehicles with Volkswagen Group closing on GM in third place at 9.07 million vehicles for the year. Toyota had led global sales from 2008 until 2010 when natural disaster induced production disruptions, the result of a tragic earthquake in Japan and flooding in Thailand, halted its growth. Continue reading
Posted in auto news, economy, milestones, results, sales
Tagged auto informed, autoinformed.com, automotive news, global sales, GM, Ken Zino, toyota motor, vw group
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Mazda to Make a Tiny Toyota in Mexico for Sale in North America
Mazda Motor Corporation today announced that a plant in Mexico, currently under construction, would produce a Toyota-brand vehicle for sale in North America. The sub-compact will be based on the new Mazda2, and will enter production during the summer of 2015. Toyota Motor Corporation is requesting 50,000 units per year for a Yaris-sized car that will be sold through Toyota dealerships. Continue reading
Toyota Starts a Strategic Investment Subsidiary
Toyota Motor Corporation (NYSE: TM, 7203T) today announced the establishment of Toyota Invention Partners Company, Ltd. (TIP), a new strategic investment subsidiary with ¥100 billion yen (~$670 million) in capital. TIP will focus on accelerating collaborations between Toyota, Woven by Toyota (WbyT), Toyota Group companies, their affiliates, and external partners as part of Toyota’s ongoing transformation into a mobility company. Woven Capital, Toyota’s venture investment arm, has established Fund II with $800 million (~¥120 billion), matching the size of Fund I launched in 2021.*
“To ensure that mobility continues to bring smiles to people and remains vital to society, the Toyota Group has embraced the vision of ‘Inventing our path forward, together’. This vision places a particular emphasis on ‘Invention’, which has always been the foundation of the Group” said Kenta Kon, Operating Officer and Chief Financial Officer of Toyota and CFO and Director of WbyT. Continue reading →