Toyota Motor Corp

July gap widens to 13,060 units; August mismatch persists

Toyota posted an operating profit of 569.4 billion yen ($3.6 billion) for the three months ended March 31, compared with 1.1 trillion yen a year earlier

Global sales shrank 7.3 per cent from the same month a year earlier to 897,871 vehicles, with overseas sales down 7.2 per cent and those in Japan falling 7.8 per cent

The privatisation of Toyota Industries is meant to reinvigorate the sleepy affiliate, remaking it as the vanguard of the group's evolution into next-generation mobility

The shakeup coincides with a high-profile deal for the Toyota group, which is pushing to take Toyota Industries Corp. private in a tender offer that closes next week

The company, which once worked to catch up with European automakers, now seeks to move beyond imitation toward innovation and originality

Toyota sold 10.8 million cars in 2024, a slight drop from the previous year but more than enough to surpass Volkswagen AG and maintain its title as the world's biggest carmaker for a fifth year

Although major proxy advisers backed Toyoda's reelection, reversing their stance after voting against him in 2024, investors got a chance to air their grievances

The deal includes a tender offer for Toyota Industries shares at ¥16,300 each, 11% below its last closing price

By shifting some production from Japan, Toyota aims to use excess capacity in Britain to help it cut delivery wait times for the car

Japan's top automaker Toyota reported record sales for the fiscal year through March on Thursday, but its profit for the latest quarter faltered partly because of a certification scandal. Toyota Motor Corp.'s January-March net profit totalled 664.6 billion yen (USD 4.6 billion), down from 997.6 billion yen the same period a year ago. Quarterly sales totalled 12.36 trillion yen (USD 85.9 billion), up from 11 trillion yen. Toyota has been strengthening the testing system of its vehicles after acknowledging wide-ranging fraudulent testing, including the use of inadequate or outdated data in crash tests, incorrect testing of airbag inflation and engine power checks. Akio Toyoda, Toyota's chairman and the grandson of the automaker's founder, has apologised. The wrongdoing did not affect the safety of vehicles already on roads, which include the popular Corolla subcompact and Lexus luxury vehicles. But the scandal has been a major embarrassment for a manufacturer whose brand has been ...

The proposal values Toyota Industries at ¥6 trillion ($42 billion), about 40% above its market cap as of Friday's close, reflecting its role in textiles and auto parts

Toyota said in the memo that staff can continue to work from home on Fridays 'subject to business needs'

EV unit and platform used for this model were jointly developed by SMC, TMC, and Daihatsu Motor Corporation, leveraging each company's strengths

Toyoda's approval rating fell to 85 per cent last year from 96 per cent in 2022 but he only needs a majority to be re-elected and scandals aside, business has been good

The irregularities were also found in applications from Honda, Suzuki and Yamaha Motor, the ministry said

The transport ministry said separately it will conduct an on-site inspection at Toyota's headquarters on Tuesday

It displayed in-development 1.5 litre and 2.0 litre engines with significantly reduced volume and height versus current engines

The announcement is the latest example that showcases Toyota's close ties with Subaru and Mazda

Japanese automaker Toyota will oversee model certification at its subsidiary Daihatsu to regain trust among dealers, customers and workers after a safety testing scandal, Daihatsu's new president said Monday. Toyota Motor Corp. will take a leadership role in various areas, including product development and procurement, said Masahiro Inoue, who took the helm of Daihatsu in March. I have been spending each and every day, vowing to revive Daihatsu, said Inoue, who previously oversaw Toyota's business in South America. His predecessor at Daihatsu resigned after the allegations of widespread cheating on safety testing surfaced last year. A third-party review found violations, such as testing just one side of a car instead of both, had persisted for decades. Production at Daihatsu Motor Co was halted by a government order until proper tests can be done and a system set up to prevent a recurrence. Only some production has since resumed. Daihatsu is known for smaller kei" cars and off-road