Toyota Union Seeking Higher Wages, Bonus in Negotiations
Toyota Motor Corp.’s workers’ union is seeking a bonus of 7.6 months worth of salary as it prepares for annual compensation negotiations with the Japanese carmaker.
Daihatsu Sees Long Wait to Resume Business Amid Safety Snafu
TOKYO — Daihatsu Motor Co., a Japanese unit of Toyota Motor Corp. that allegedly cheated on safety tests for decades, said Jan. 22 it doesn’t expect to resume shipping cars any time soon.
Kia, Toyota, Ford Earn 2024 APA North American Awards
The Kia EV9 large electric SUV won the 2024 North American Utility of the Year award, while the Toyota Prius hybrid took the top car honors, and Ford’s Super Duty pickup won the truck award.
January 4, 2024Toyota Unit Daihatsu Suspends Shipments Over Safety Cheating
Toyota Motor Corp. said Dec. 20 its subsidiary Daihatsu will suspend shipments of all its vehicles in a safety scandal after an investigation found improper testing involving 64 models.
Toyota Sells Part of Denso Stake to Raise Cash for EVs
Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan’s top automaker said Nov. 29.
Toyota Recalls Nearly 1.9 Million RAV4s
DETROIT — Toyota said Nov. 2 it is recalling nearly 1.9 million RAV4 small SUVs in the U.S. to fix a problem with batteries that can move during forceful turns and potentially cause a fire.
November 2, 2023Toyota Hikes Pay on Heels of UAW-Detroit Deals
Toyota Motor Corp. is raising wages for assembly workers in the U.S. after its Detroit carmaking rivals reached tentative deals with their union to boost pay.
Toyota’s Profits Zoom on Cheap Yen, Strong Global Sales
TOKYO — Toyota’s July-September profit jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings.
Toyota More Than Doubles Investment at N.C. Battery Plant
RALEIGH, N.C. — Toyota will invest an additional $8 billion in the hybrid and electric vehicle battery factory it’s constructing in North Carolina, more than doubling prior investments.
Toyota Keeps Up Push to Prove It Can Embrace New Technology
Toyota Motor Corp.’s campaign to show customers, suppliers and investors that it’s serious about electrification was on display again this month.