Toyota Motor Corp

Akio Toyoda set to remain a force at Toyota, even as he bows out as CEO

Market reaction to Toyoda's announcement was muted - the automaker's stock price was little changed on Friday

Toyota Motor Corp's CEO Akio Toyoda to step aside, become chairman

Toyota Motor Corp. said Thursday that its CEO and president, Akio Toyoda, will become chairman. He will be replaced as CEO by the automaker's chief branding officer, Koji Sato. Toyota announced the leadership reshuffle without any forewarning, but it had a lively promotional video prepared to highlight Toyoda and Sato's love for electric vehicles and fast cars. Sato, 53, has been managing the Toyota group's Lexus brand operations and motor racing. Toyoda, grandson of Toyota's founder Kiichiro Toyoda, took over as CEO of Toyota in 2009. He will replace as chairman Takeshi Uchiyamada, who is giving up the title but will remain a representative director at the company. Toyoda had earlier hinted he was thinking about who might succeed him.

Kia India profit down 25% in FY22 as tax outgo slams the brakes

Kia is one of the few unlisted global carmakers in India that saw a contraction in profits

Rohan Murty wants to use data to make white-collar workers more efficient

The startup, based both in Boston and Bangalore, gets a real-time view of how people in teams get work done by using machine learning

Toyota reports 25% drop in Q2 profit, misses estimates amid soaring costs

TOKYO (Reuters) -Toyota Motor Corp on Tuesday posted a 25% drop in second-quarter operating profit, as soaring parts and materials costs outweighed a boost in overseas revenue from the plunging yen

Toyota marks turnaround in India, reports highest profit in four years

The company has worked towards meeting the mobility needs of consumers

Toyota misses April global production target due to Covid, parts shortage

Japan's Toyota Motor Corp said it missed its global production target for April as Covid-19 outbreaks and a parts shortage slowed its post-pandemic recovery

Toyota cuts June output plan again due to chip shortage and China lockdown

Toyota said there was "a possibility" that it could lower its full-year production plan of 9.7 million vehicles.

Toyota plans to make EV parts in India for domestic, export markets

The move follows the company's recent announcement that it will invest 48 bn rupees ($621 mn) in India to localise the supply chain for EVs, and is also part of its broader 2050 carbon-neutrality goal

Japan's economy rebounds on solid consumption, Omicron clouds outlook

Some analysts expect the economy to contract again in the current quarter as rising Covid cases and supply chain disruptions hit factory output

Toyota to spend $35 bn on line-up of 30 battery electric vehicles by 2030

By 2030, Toyota is aiming for annual sales of 3.5 million BEVs, CEO Akio Toyoda told a news briefing, equivalent to around a third of its current global sales

Toyota Motor to drive out of the Olympics as coronavirus spreads

More athletes test positive

Toyota hikes profit forecast 54%, shrugs off global chip supply issues

Toyota jacked up its full-year earnings forecast by a bigger-than-expected 54% to a record $19 billion, raising vehicle sales target as global demand led by China rebounds from pandemic-induced slump

Toyota plans record high global production of 9.2 mn vehicles this year

The automaker has informed its main suppliers of the plan, which reflects sales momentum in China and demand recovery in North America and Japan, the Nikkei said, without citing sources

Toyota profit forecast more than doubles amid China pandemic rebound

Toyota more than doubled its full-year operating profit forecast, as vehicle sales rebound in China from a pandemic squeeze earlier this year that contributed to a 24% slide in second-quarter earnings

Toyota refutes official's claim, says 'deeply committed to Indian market'

Toyota said it remains deeply committed to the Indian market, refuting once again the claims by a senior company official earlier that it would stop further expansion in India over high taxes

Toyota Motors halts expansion plans in India, blames high tax regime

Toyota, one of the world's biggest carmakers, began operating in India in 1997. Its local unit is owned 89% by the Japanese company and has a small market share

Toyota, Suzuki enter into capital alliance amid a shake-up in auto industry

Through deepening partnership with Maruti, Toyota in India will be able to draw buyers

Toyota Glanza, Baleno spinning tracks for millennial, first-time car buyers

The rebadging experiment is the outcome of a broader agreement that Toyota Motor Corp and Suzuki Motor Corp stitched up in March 2018

Toyota Motor to invest $600 million in joint venture with China's Didi

The move accelerates a trend in China which has seen automakers launch their own ride-hailing services, and ride-hailing firms such as Didi team with automakers