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Toyota expects profit to drop 80% this year as virus saps car sales

TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan’s biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles. Global automaker... More »

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Toyota-Panasonic venture to start EV battery development in April

TOKYO (Reuters) – Toyota Motor Corp (7203.T) and Panasonic Corp (6752.T) have agreed to set up a joint venture that will begin developing electric vehicle (EV) batteries from April, as the Japanese companies gear up for an expected surge in demand. The new com... More »

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Toyota uses big data to guard against accelerator-brake mix-up

TOKYO (Reuters) – Toyota Motor Corp unveiled an emergency safety system on Monday that uses big data to ignore the accelerator if it determines the driver steps on the pedal unintentionally. Japan’s biggest car maker will roll out what it calls an “accelerator... More »

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China tech giant Baidu partners with Geely, Toyota

(This July 4 story corrects to remove reference to self-driving push in headline) BEIJING (Reuters) – China’s top search engine operator Baidu Inc has joined hands with Zhejiang Geely Holding Group and Japan’s Toyota Motor Corp to cooperate on areas related to... More »

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Toyota establishes research institute in China to study hydrogen,…

BEIJING (Reuters) – Japan’s Toyota Motor Corp said on Sunday it was setting up a research institute in Beijing in partnership with Tsinghua University to study car technology using hydrogen power and other green technologies that could ease environmental probl... More »

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Toyota, Japan space agency join forces to develop moon rover

TOKYO (Reuters) – Toyota Motor Corp, one of the world’s largest automakers, and Japan’s space agency said on Tuesday they had agreed to cooperate in developing a manned lunar rover that runs on fuel cell technologies. Although Japan has no plan currently to ma... More »

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Toyota, Suzuki to produce cars for each other in India

TOKYO (Reuters) – Toyota Motor Corp (7203.T) and Suzuki Motor Corp (7269.T) agreed on Thursday to produce cars for each other in India as Toyota aims to increase its market share in the world’s fifth-largest passenger car market. The agreement follows an R&D t... More »

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Toyota to make over 10 battery EV models in early 2020s

FILE PHOTO: View of a Toyota logo on a wheel at the Mondial de l’Automobile, Paris auto show, during media day in Paris, France, September 30, 2016. REUTERS/Jacky Naegelen/File Photo TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Monday said it will market mo... More »

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Factbox: Six self-driving unicorns top $1 billion in valuation

In a crowded field of more than 240 startups in self-driving cars, six companies -- four of them in Silicon Valley -- have achieved unicorn status, with valuations of $1 billion or more, according to industry estimates and publicly available data. Here's a clo... More »

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BlackBerry downplays Toyota`s use of rival software

A Blackberry sign is seen in front of their offices on the day of their annual general meeting for shareholders in Waterloo, Canada in this June 23, 2015 file photo. REUTERS/Mark Blinch/Files BlackBerry Ltd on Monday downplayed news that Toyota Motor Corp woul... More »

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Japan automakers look to robots to keep elderly on the move

A model demonstrates Toyota Motor Corp’s rehabilitation robot Welwalk WW-1000, designed to aid in the rehabilitation of individuals with lower limb paralysis, in Tokyo, Japan April 12, 2017. REUTERS/Toru Hanai Japanese automakers are looking beyond the industr... More »

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Toyota robot to keep elderly mobile, one step at a time

A model demonstrates Toyota Motor Corp’s rehabilitation robot Welwalk WW-1000, designed to aid in the rehabilitation of individuals with lower limb paralysis, in Tokyo, Japan April 12, 2017. REUTERS/Toru Hanai Toyota Motor Corp said it will commercialize rehab... More »

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Toyota recalls 2.9 million vehicles globally over airbags

The logo of Toyota is pictured at the 38th Bangkok International Motor Show in Bangkok, Thailand March 28, 2017. REUTERS/Athit Perawongmetha Toyota Motor Corp (7203.T) on Thursday said it was recalling a total of about 2.9 million vehicles in Japan, China, Eur... More »

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Toyota, Suzuki courtship intensifies as partnership talks begin

Toyota Motor Corp President Akio Toyoda (L) and Suzuki Motor Chairman and CEO Osamu Suzuki attend their joint news conference in Tokyo, Japan, October 12, 2016. REUTERS/Toru Hanai/File Photo Toyota Motor Corp (7203.T) and Suzuki Motor Corp (7269.T) said on Mon... More »

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Toyota raises profit outlook, says will keep producing at home

A man looks at Toyota Motor Corp’s Estima Hybrid model at its headquarters in Tokyo, Japan, February 6, 2017. REUTERS/Kim Kyung-Hoon Toyota Motor Corp (7203.T) reported a drop in quarterly operating profit on Monday but still added 9.7 percent to its full-year... More »

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Toyota relinquishes top global sales spot to VW in 2016

Visitors walk past a logo of Toyota Motor Corp on a Toyota Prius hybrid vehicle at the company’s showroom in Tokyo August 5, 2014. REUTERS/Yuya Shino/File Photo Toyota Motor Corp’s (7203.T) four-year run as the world’s top-selling automaker has ended as the Ja... More »

Toyota partners with Stanford, MIT on self-driving car research

DETROIT Toyota Motor Corp is collaborating with two top U.S. universities on artificial intelligence and robotics research aimed at ramping up the Japanese automaker’s efforts to develop self-driving cars. Toyota said on Friday that it would spend $50 million ... More »

Arrested ex-Toyota exec Hamp to be released from custody: Kyodo

TOKYO Tokyo prosecutors plan to release former Toyota Motor Corp executive Julie Hamp from custody after she was arrested last month on suspicion of illegally importing the painkiller Oxycodone into Japan, Kyodo News reported on Tuesday. Japan’s daily Yomiuri ... More »