A shift to an electric vehicle-only future would lead to job losses among those who have been working on engine-related technologies, including at the many suppliers in the sector, Toyota Motor’s chairman said on 10 October 2024.
Toyota Vehicles Zooms Ahead In Thailand’s Automobile Market
Japanese auto brand leads with 110,861 vehicles registered in first seven months of this year; BYD tops list of most electric vehicles registered, The Nation reported.
Honda Next To Be Inspected Over Fraudulent Vehicle Tests
Japan’s automotive sector appears to be in serious controversy when its automakers are called out one-by-one for their fraudulent safety tests results. This time, Honda joins the cohort of Japanese automakers accused of the same act.
Toyota Raided For Fraudulent Safety Tests Data, Chairman Apologises
Japan’s transport ministry raided the headquarters of motor giant Toyota, as a scandal over faulty safety data escalated. The world’s largest carmaker apologised for providing incorrect or fraudulent data for safety certification tests.
Vietnam Sluggish Auto Sales Hit Major Motorshow
Luxury brands Mercedes, Lexus, Audi, and BMW along with Kia, Hyundai and VinFast, reportedly will not participate in this year’s Vietnam Motor Show, the country’s biggest auto event, in October.
Daihatsu Executives To Step Down After Embarrassing Safety Saga
Daihatsu Motor’s President and Chairman would step down, Toyota Motor Corporation announced on 13 February 2024. Masahiro Inoue, Toyota’s CEO for Latin America and the Caribbean, will replace Soichiro Okudaira as Daihatsu’s President from 1 March 2024.
TSMC To Build Second Japan Chip Factory, Raising Investment To US$20 Billion
Taiwan Semiconductor Manufacturing Company (TSMC) announced on 6 February it will be building a second Japanese plant to begin operation by the end of 2027.
Will Hydrogen Be Toyota’s FCEV (Fuel Cell Electric Vehicle) Cash Cow?
Toyota is taking a diversified approach to achieve carbon neutrality with hydrogen and it was touted be a winning formula for the Japanese automaker. Where does it leave metalworking tools?
Japanese Automakers Blindsided By China Sales Crisis
Japanese automakers are facing a sales crisis in China, data shows, as a rapid shift to electric vehicles (EVs) has upended the world’s largest auto market and led to a plunge in purchases of gasoline-powered cars.
Toyota To Have 10 New EV Models By 2026
Toyota will introduce 10 new EV models and target sales of 1.5 million EVs a year by 2026, aiming for steep growth in a market where it has long been lapped by rivals.
