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    Will China drive global alignment in EV battery swap standards?
    China, the largest electric car market in the world, is expected to drive global benchmarks in electric vehicle battery swapping practices, as well as the emerging battery-as-a-service, or BaaS, industry. Neither the EV battery swap model is new nor it was invented in China. However, it is the only ...
    How driving assistance and automation are impacting the steer-by-wire systems market
    The current steering systems market is primarily controlled by low-end, column-motor systems in the entry and lower-midclass vehicle segments and high-end, rack-motor systems in the upper-midclass and premium-class vehicle segments. However, steer-by-wire (SBW) steering systems will dominate the fut...
    Toyota, Subaru recall bZ4X and Solterra SUVs globally over wheel issue under sudden braking
    Toyota and Subaru are recalling all-electric bZ4X and Solterra sport utility vehicles (SUVs) owing to an issue with the wheel coming off loose upon sudden braking, Reuters reported on 23 June. According to the report, out of 2,700 Toyota bZ4X units, 2,200 were for Europe, 260 for the United ...
    24-Jun-2022 News Recalls
    Toyota teams up with Redwood Materials on closed loop EV battery ecosystem
    Japanese carmaker Toyota Motor Corporation’s North American arm Toyota Motor North America has teamed up with battery materials recycling company Redwood Materials to explore a series of end-of-life battery solutions for Toyota’s proposed battery ecosystem, the company announced on 21 June 2022....
    Toyota and NTT to enter connected car partnership
    Toyota Motor and Nippon Telegraph & Telephone Corp.’s data subsidiary will partner to develop connected cars, Bloomberg reported on 17 June, based on an interview with Yo Honma, CEO of the data unit. The vehicles will be able to collect and share data. NTT Data will consider raising money from...
    Toyota Motor suspends production lines in Japan on semiconductor shortages
    Toyota Motor Corp has planned an additional domestic factory line production suspension in June and July owing to semiconductor shortages and a COVID-19 outbreak at one of its suppliers, according to a report published by Reuters on 16 July 2022. Toyota Motor Corp has changed its June produc...
    Toyota’s MY2023 Sequoia SUV to be fitted with new multimedia system
    Toyota’s new model year (MY) 2023 Sequoia sport utility vehicle (SUV) will be fitted with a new multimedia system which was first available in the Tundra model, it said in a press release on 8 June. The system features an 8-inch or available 14-inch touchscreen that controls the all-new Toyota Aud...
    13-Jun-2022 News New Products
    How driving assistance and automation are impacting the steer-by-wire systems market
    The current steering systems market is primarily controlled by low-end, column-motor systems in the entry and lower-midclass vehicle segments and high-end, rack-motor systems in the upper-midclass and premium-class vehicle segments. However, steer-by-wire (SBW) steering systems will dominate the fut...
    Lexus MY 2023 RX model to feature Digital Key, Lexus Safety System+ 3.0 and Lexus Interface Multimedia System
    Lexus has announced that its MY 2023 RX model will feature a new global platform, two all-new grades, Digital Key, Lexus Safety System+ 3.0, and Lexus Interface Multimedia System, in  a press release on 31 May. Significance: The Lexus Safety System+ 3.0 will offer additional features with th...
    02-Jun-2022 News New Products
    Stellantis to manufacture large vans for Toyota in Italy, Poland factories
    Expanding their existing partnership in Europe, Stellantis N.V. and Toyota Motor Europe N.V. announced on 30 May 2022 that the Italian-American carmaker will manufacture large commercial vans including a battery electric version for the Japanese automaker. While these vans will be produced by Stella...
    31-May-2022 News New Products
    Toyota to cut June production to 850,000 units due to semiconductor shortage
    Toyota Motor Corp has cut its global production for June to about 850,000 units, down “tens of thousands of units globally” from an earlier mentioned figure, the automaker said in a press release on 24 May. Toyota has primarily attributed the production cut to shortage of semiconductors but has ...
    Toyota selects Advics’s new regenerative cooperative braking system for bZ4X
    Japanese automotive components manufacturer Advics announced via press release on 12 May that its new regenerative cooperative braking system had been equipped on Toyota’s new electric sport utility vehicle (SUV) bZ4X. According to the press release, the braking system package provided by the s...
    Lexus MY 2023 UX 250h features new Lexus Interface multimedia system
    Lexus has unveiled its MY 2023 UX 250h with the new Lexus Interface multimedia system, according to a company press release on 13 May. The system comes with a standard 8-inch or optional 12.3-inch touch display, featuring higher resolution and smartphone like anti-glare technology. Lexus Interfac...
    16-May-2022 News New Products
    AGC supplies light-control panoramic roof for upcoming all-electric Lexus RZ
    Japanese supplier AGC has announced that the company supplied its light-control panoramic roof with Low-E coating for upcoming Lexus’ all-electric RZ battery electric vehicle (BEV), according to a press release by AGC on 11 May. The new light control sunroof with high solar control and heat ins...
    12-May-2022 News New Products
    Toyota to invest around USD625 million to produce EV powertrain components in India’s Karnataka state
    Toyota is set to invest around INR4,800 crore (USD625 million) in Karnataka, India to produce powertrain parts and other components for electric vehicles (EVs), the Economic Times reported on 7 May. The company will also work on innovation in electrification and greener technologies. Toyota Group...
    11-May-2022 News Investments
    Magna supplies new 3D surround-view camera system to Toyota Tundra
    Advanced driver assistance system (ADAS) developer Magna has announced that all-new Toyota Tundra 2022 is equipped with Magna’s cameras and electrical control units that provide 3D and surround view capabilities including trailer guidance, multi-terrain view, and see-through hood, according t...
    Toyota's Collaborative Safety Center unveils projects on safe mobility
    Toyota's Collaborative Safety Research Center (CSRC) has unveiled nine new projects as a part of the next phase of its automotive safety research, it said in a press release on 27 April. The new research projects will focus on safety needs and analyze safe mobility options for multiple applications,...
    Toyota invests USD383 million in US facilities to produce 4-cylinder engine, parts
    Japanese vehicle manufacturer Toyota plans to invest USD383 million across four of its US-based factories where it produces engines for Toyota and Lexus vehicles, the company said on 19 April 2022. The company said that new investments are aimed at supporting the production of 4-cylinder engines, in...
    20-Apr-2022 News Investments
    Toyota adjusts May global production to about 750,000 units due to semiconductor shortage
    Toyota has announced that it has yet again readjusted production due to the ongoing semiconductor supply crisis, a company press release on 18 April read. Toyota has said that so far, the global production plan for May is about 750,000 units which comprises of 200,000 units in Japan and 550,000 unit...
    Subaru’s 2023 Outback SUV to feature wireless Apple CarPlay and Android Auto
    Subaru has unveiled its 2023 Outback with the latest version of the STARLINK Multimedia Plus system with standard wireless Apple CarPlay and Android Auto with full screen display, according to a company press release on 18 April. The multimedia system contains an 11.6-inch touchscreen with combinati...
    18-Apr-2022 News New Products
    Toyota recalls around 460,000 Toyota, Lexus vehicles in US over software issue
    Toyota is issuing a safety recall involving approximately 460,000 vehicles over a software error, according to a press release published by the Japanese automaker on 13 April.  The automaker says that the vehicles recalled have a software error that can affect Vehicle Stability Control system (...
    15-Apr-2022 News Recalls
    DENSO to supply key electrification components for Toyota’s bZ4X and Subaru’s SOLTERRA
    DENSO Corporation will be supplying electrification components for Toyota’s bZ4X and Subaru’s all-electric SOLTERRA, it said in a press release on 13 April. The bZ4X is scheduled to be launched in May 2022 while the Solterra will release in mid-2022. DENSO will provide current sensors detecti...
    Subaru of America ties up with location technology startup what3words
    Subaru of America has partnered with location technology specialist what3words, a company press release on 13 April read. Using what3words’ technology, Subaru drivers will be able to navigate to any precise 10ft x 10ft location using just three words. The solution will initially be available in ne...
    Subaru to add wide-angle mono camera to EyeSight Driver Assist on MY 2023 Outback Touring
    Subaru has announced that it will add a wide-angle mono camera to the EyeSight Driver Assist Technology on model year (MY) 2023 Outback Touring model, an official press release dated 13 April read. The wide-angle mono camera helps recognize pedestrians and bicycles at intersections. The system proce...
    Toyota expands engineering headcount to advance EV production in the US
    Japanese car major Toyota’s US subsidiary Toyota Motor North America plans to expand its engineering and production headcount to advance the production of EVs, the company said on 7 April 2022. The carmaker said it plans to add 220 new positions to its production engineering division, which serves...
    Toyota advances autonomous vehicle fleet with vision-heavy technology without lidars
    Toyota Motor’s subsidiary company Woven Planet has planned to advance its autonomous vehicle research fleets using cost-effective camera sensors and eliminating the use of lidar sensors, according to a report published by Reuters on 6 April 2022. Reuters reports that Woven Planet has used low-c...
    Toyota expands functionality of Toyota Connected Services in Australia
    Toyota has expanded the availability and functionality of Toyota Connected Services technology in Australia, it said in a press release on 9 March. The new Toyota Connected Services features will be available on LandCruiser 300 Series, HiLux, Fortuner, Yaris Cross, Camry, Granvia, and HiAce models. ...
    06-Apr-2022 News New Products
    Toyota halts production in Japan as earthquake disrupts parts procurement
    Toyota will shut down a total of 18 manufacturing plants due to inability to secure parts from suppliers impacted by the earthquake in Japan, reported HT Auto on 18 March. According to the statement, the Japanese automaker will incur a loss of around 20,000 units due to shortage of components. The h...
    Russia-Ukraine conflict: Yokohama stops tire production in Russia
    Japanese tire manufacturer Yokohama Tyres is halting production at its passenger tire plant in Kazinka Village, Gryazy District, Lipetsk region, Russia, run by its subsidiary, L.L.C. Yokohama R.P.Z., according to a statement provided by the company to Tire Business on 18 March. According to the s...
    Toyota announces more production cuts due to acute chip shortage
    Japan-based automaker Toyota announces further production suspension at its Fujimatsu plant citing semiconductor shortages, according to an official press release on 15 March 2022. During the month of March, Toyota will suspend one production line at a factory for eight working days. The producti...
    US-bound 2022 edition of Toyota Mirai to offer ‘Toyota Teammate’ ADAS feature
    Toyota announced that its second-generation Toyota Mirai, a premium fuel-cell electric vehicle (FCEV) will feature ‘Toyota Teammate’, an advanced driver assistance and advanced parking system for the model year 2022 in the United States, according to a company press release on 10 March 2022. ...
    Toyota, ATAC launch new initiative to commercialize innovative technologies, support research
    Advanced Technology Acceleration Corporation (ATAC) and Toyota Motor Corporation (Toyota) began collaborations with universities to support social implementation of innovative technologies in Japan, according to a press release published by Toyota on 14 March. The partnership between ATAC and Toyota...
    New COVID-19 wave in China disrupts operations of Toyota, Volkswagen, and Foxconn
    Automakers Toyota, Volkswagen, and Apple’s major supplier Foxconn cease operations partially due to a new COVID-19 outbreak in China, according to a report by Reuters on 15 March 2022. A highly transmissible variant of Omnicron has triggered the outbreak across China. Mainland China reported 1,437...
    15-Mar-2022 News COVID-19
    Metalsa invests USD170 million to build new chassis frame manufacturing plant in central Mexico
    Mexican structural components manufacturing company Metalsa announced on 25 February that it will be investing USD170 million to build a new structural frame production plant for light trucks in Guanajuato. According to Metalsa, the new plant, expected to operate from November 2023, will pro...
    01-Mar-2022 News Investments
    Toyota to restart production after cyberattack on supplier Kojima Industries
    Toyota announced that it will restart domestic production, a day after all its manufacturing facilities throughout Japan was halted following a cyberattack at a supplier, according to Reuters on 1 March.    Significance: The Japanese automaker resumes production at its 14 factories nati...
    Toyota partners EVgo to provide bZ4X customers with fast charging access
    Toyota’s US arm, Toyota Motor North America, Inc. and EVgo, one of the leading public EV fast charging networks in the United States, have announced a commercial agreement to provide the drivers of the new Toyota bZ4X battery electric SUV with complimentary charging at the latter’s nationwide ne...
    Toyota Motor North America expands partnership with Connected Analytic Services
    Toyota Motor North America has expanded its partnership with Connected Analytic Services, an affiliate of Toyota Insurance Management Solutions USA (TIMS), to add new products to enhance vehicle ownership experience, according to a 23 February press release. “Toyota’s Connected Services provi...
    Toyota to invest USD90 million in two US plants to add hybrid transaxle production capacity
    To keep up with the increasing demand for electric vehicles, Toyota plans to invest USD90 million across two of its US-based production plants located in West Virginia and Tennessee, the company announced on 11 February 2022. Of the total committed investment, USD73 million will be allocated to the ...
    14-Feb-2022 News Investments
    Canada truck protest’s forces Toyota, Ford, and Stellantis to halt operations
    Automakers Toyota, Ford and Stellantis have halted some production as anti-COVID-19 mandate protestors blocked the US-Canada border crossing, reported Reuters on 10 February. Copycat protests spread to New Zealand, France, and Australia. Jen Psaki White House spokesperson, said, "I think it's imp...
    Toyota unveils Sequoia SUV with new Toyota Audio Multimedia
    Toyota has unveiled the Sequoia SUV with the new Toyota Audio Multimedia system, it said in a press release dated 25 January. It features an 8-inch or 14-inch touchscreen that controls the all-new multimedia system, which was designed by its Connected Technologies team. The Toyota Audio Multimedia s...
    28-Jan-2022 News New Products
    Toyota selects Yokohama Rubber’s BluEarth-XT AE61 and AE61 ZPS for Lexus NX
    Japanese tire maker Yokohama Rubber announced via press release on 18 January that its BluEarth-XT AE61 and AE61 ZPS tires had been selected by Toyota Motors for factory fitment on the new Lexus NX plug-in hybrid electric vehicle (PHEV). According to the press release, the vehicles will be f...
    Toyota launches new Noah and Voxy minivans in Japan with advanced connectivity
    Toyota has launched Noah and Voxy minivans in Japan with new safety and connectivity features, the automaker said in a press release on 13 January. The vehicles feature Toyota Safety Sense, an all-new active safety package with advanced and improved functionality. It features the Pre-collision Sa...
    18-Jan-2022 News New Products
    CES 2022: Toyota Boshoku concept model features Toyoda Gosei’s interior safety technology
    Toyoda Gosei’s interior solutions to be featured in the new autonomous level 4 (L4) concept model by Toyota Boshoku, the company announced in a press release on 6 January. Significance: The MX 221 concept model is designed and developed to cater to mobility as a service (MaaS) owing t...
    07-Jan-2022 News New Products
    Toyota looking to launch in-house automotive software
    Toyota Motor is planning to launch its own operating system (OS) to handle operations such as autonomous driving, Reuters reported citing a Nikkei article on 4 January. Toyota intends on integrating the software for its own vehicles by 2025, and affiliates such as Subaru later. Toyota is also consid...
    04-Jan-2022 News New Products
    Toyota picks Cerence Browse to power internet search engines in its multimedia system
    Cerence has announced Toyota has selected Cerence Browse, to power the internet search engines in their in-vehicle multimedia systems in North America, a company press release on 16 December read. Cerence Browse is an artificial intelligence (AI)-powered, cloud-based content domain. Cerence Brows...
    Toyota plots 30 BEVs by 2030, to invest USD17.6 billion on EV batteries
    Announcing its global strategy for battery electric vehicles (BEVs) on 14 December 2021, Japanese carmaker Toyota Motor Corporation said that the company plans to introduce 30 BEVs by 2030 across passenger and commercial segments in a move to become a carbon-neutral vehicle manufacturer in the long-...
    15-Dec-2021 News Investments
    Toyota halts production at two Japanese factories due to supply chain shortages
    Toyota Motor Corp has halted production at two factories in Japan due to a supply shortage, according to a press release dated 9 December, a spokesperson told Reuters. Production at the factories was halted on 8 December, and the suspension is expected to last about three days, according to a spo...
    Toyota to build USD1.29 billion battery production plant in North Carolina, US
    Japanese carmaker Toyota announced on 6 December 2021 that the company has chosen Greensboro-Randolph megasite in North Carolina, US, for its planned USD1.29 billion automotive battery manufacturing plant. The upcoming facility will be named as Toyota Battery Manufacturing, North Carolina (TBMNC), i...
    09-Dec-2021 News Investments
    Toyota discloses strategy to achieve carbon neutrality in Europe by 2035
    Unveiling its strategy on achieving carbon neutrality in Europe, Japanese carmaker Toyota said it plans to cut down 100% CO2 emissions in all new vehicle sales in West Europe by 2035 and secure at least 50% zero emission vehicles (ZEV) mix in overall vehicle sales by 2030, the company said on 2 Dece...
    06-Dec-2021 News New Products
    Toyota recalls 227,400 MY 2018–19 Camry vehicles in the US over faulty power brake assist system
    Toyota is issuing a safety recall involving 227,400 model year (MY) 2018–19 Camry vehicles in the United States, it said in a company press release dated 17 November. The automaker says that the vehicles recalled have a system that provides power brake assist when the driver depresses the brake pe...
    22-Nov-2021 News Recalls
    US, China, others avoid signing COP26 ZEV declaration
    Even as several economies have committed to phasing out the sale of petrol- and diesel-powered cars and vans by 2040, large developed markets such as the United States, China, Germany, Japan, France, and Italy, among many others, have not signed the COP26 ZEV declaration, a UK government p...
    Toyota invests USD6 million at American Center for Mobility
    Toyota is looking to make an additional USD6-million investment on the American Center for Mobility (ACM), the company said in a press release on 10 November. The investment will be broken down as USD3.5 million in a five-year lease for exclusive on-campus facilities, plus an additional estimated US...
    12-Nov-2021 News Investments
    Toyota makes USD30-million investment over five years at Collaborative Safety Research Center
    Toyota has committed an investment of USD30 million over the next five years for Collaborative Safety Research Center (CSRC), it said in a press release on 9 November. This will keep its plans on track for its next phase of automotive safety projects. “Humans are at the center of Toyota’s tec...
    10-Nov-2021 News Investments
    Toyota reveals first model from its bZ series, the all-new BEV bZ4X
    Toyota Motor Corporation has revealed the first model from its upcoming battery electric vehicle (BEV) series, named Toyota bZ series, the bZ4X, which will be positioned as a medium-size electric SUV, the Japanese carmaker said on 29 October. Toyota plans to launch seven new BEVs starting with the b...
    02-Nov-2021 News New Products
    Toyota to invest USD3.4 billion in localizing EV battery production in the U.S. through 2030
    Toyota announced on 18 October that it plans to invest about USD3.4 billion in developing and manufacturing automotive batteries in the U.S. through 2030. The company said that proposed investments on battery production in the U.S. is part of its larger strategy wherein it has earmarked about USD13....
    19-Oct-2021 News Investments
    Nippon Steel sues Toyota and Baosteel over electrical steel sheet patent infringement
    Japanese steelmaker Nippon Steel announced via press release on 14th October that it had filed lawsuits seeking compensatory damages before Tokyo District Court against Chinese steelmaker Baosteel and Japanese OEM Toyota alleging their infringement of Nippon’s patent relating to non-oriented elect...
    Lexus unveils NX models with all-new Lexus Interface multimedia system
    Lexus has unveiled its model year (MY) 2022 NX models with the all-new Lexus Interface multimedia system, it said in a press release on 7 October. It comes with a standard 9.8-inch touchscreen with a new Human Machine Interface (HMI). An optional 14-inch touchscreen includes a three-year trial for D...
    08-Oct-2021 News New Products
    BHP Group collaborates with Toyota and Panasonic for supply of nickel sulphate
    Australian mining company BHP has signed a Memorandum of Understanding (MoU) with Prime Planet Energy & Solutions (PPES) and Toyota Tsusho Corporation (TTC) to create a green electric vehicle (EV) ecosystem that will enhance sustainability, recyclability and traceability of elements, the co...
    Toyota unveils EV battery strategy, plans to invest nearly USD14 billion by 2030
    Unveiling its electric vehicle (EV) battery strategy to the media and investors in a press conference on 7 September, Japanese carmaker Toyota Motor Corporation said that it plans to invest nearly JPY1.5 trillion (USD14 billion) on developing the battery supply chain and research and developmen...
    08-Sep-2021 News Investments
    Toyoda Gosei supplies new fuel tank cut-off valve for Toyota Land Cruiser
    Japan-based supplier, Toyoda Gosei Co., Ltd., has developed a cutoff valve with a structure that contributes to lighter vehicle weight. According to a press release issued by Toyoda Gosei on 31 August, the company stated that this new cutoff valve is being used on the new Land Cruiser from Toyota Mo...
    02-Sep-2021 News New Products
    Toyota to resume self-driving e-Palette vehicle operations at Tokyo Olympic village
    Toyota Motor announces, in an official press release dated August 30, that the Tokyo Organising Committee of the Olympic and Paralympic Games has decided to resume operations of the e-Palette mobility vehicle within the Athletes' Village. Mobility service operations were halted in response to an ...
    Toyota plans to cut production in the US as COVID-19 rattles supply chain
    The maker of popular Land Cruiser sports utility vehicles (SUVs), Toyota Motor plans to cut down its vehicle production in North America in August and September as a resurgence of COVID-19 cases rattle the automakers supply chain, according to a report filed by The Dallas Morning News on 19 August. ...
    Toyota debuts mobile collision assistance service in US
    According to a press release dated 11 August, Toyota and Lexus drivers now have access to a new assistance service in the aftermath of a collision. Collision Assistance, a just-in-time assistance service, is now available to Toyota and Lexus drivers via the Toyota and Lexus mobile apps. The feature ...
    12-Aug-2021 News New Products
    Lexus launches MY 2022 RX 350 and 450H models with advanced connectivity
    Lexus has announced the launch of model year (MY) 2022 RX 350 and 450H models with option to choose between the standard 8-inch display and 12.3-inch high-resolution, split-screen multimedia display, among other options, an official press release on 4 August read. The Lexus RX comes with six USB ...
    09-Aug-2021 News New Products
    Metawave delivers 76–81 GHz beamformer chip for automotive long-range radar
    Metawave has announced the delivery of 76–81 GHz beamformer chip alpha samples and evaluation boards to MIRISE Technologies, according to a company press release last month. The chip is used for high-resolution long-range radar for autonomous driving. Metawave’s MARCONI beamformer chip for mu...
    Toyota launches Halo connected fleet management solutions for businesses in Australia
    Toyota has launched Halo connected fleet management solutions in Australia in partnership with Fleetsu, the company said in a press release on 27 July. Toyota Halo leverages Fleetsu's platform to deploy a suite of connected vehicle solutions. Toyota Halo software offers customers the ability to proc...
    Toyota to feature voice-based Driver’s Companion in Toyota App for MY 2021 Sienna
    Toyota has announced that the owners of model year (MY) 2021 Sienna models will get access to voice-based Driver’s Companion in the Toyota App, a company press release dated 22 July read. The feature, powered by Google Cloud, includes a voice-activated virtual assistant named Joya. “Toyota Dr...
    26-Jul-2021 News New Products
    Suzuki, Daihatsu join Toyota’s Commercial Japan Partnership to connect, electrify light CVs
    Vehicle manufacturers Suzuki Motor Corporation and Daihatsu Motor Company, Ltd. have joined the Toyota-backed Commercial Japan Partnership Technologies Corporation (CJP) to accelerate their carbon neutrality initiatives in mini or light commercial vehicles through the dissemination of CASE (connecte...
    Toyota's subsidiary Woven Planet Closes Acquisition of Lyft's Level 5 Division
    Woven Planet Holdings, a subsidiary of Toyota Motor Corporation, announced the completion of the acquisition of Level 5, the self-driving division of Lyft, Inc. (“Lyft”), a proposed transaction previously announced in April 2021, in an official press release dated 20 July. This is Woven Planet's...
    Lexus joins Australian Integrated Multimodal EcoSystem to trial V2I technology
    Lexus has joined the Australian Integrated Multimodal EcoSystem (AIMES) technology development initiative to test vehicle-to-everything (V2X) technologies, specifically V2I technology (V2I), news.com.au reported on 20 July. Two high-tech Lexus RX hybrids modified with Dedicated Short-Range Commun...
    Toyota to launch new Aqua with high-output, bipolar nickel-hydrogen battery
    Toyota Motor Corporation announced the launch of its all-new Aqua hybrid hatchback. According to a press release issued by Toyota on 19 July, the vehicle uses a high-output, bipolar nickel-hydrogen battery as an electric drive battery, which realizes approximately twice the output compared to the ba...
    20-Jul-2021 News New Products
    India-based Rico Auto to supply component for Toyota’s hybrid vehicle
    Indian automotive components supplier Rico Auto has announced that it will be supplying components for a Toyota hybrid vehicle. At the company’s fourth quarter 2021 earnings conference call held on 23 June, Arvind Kapur, the chairman, CEO, and managing director of Rico Auto, stated that ...
    Toyota Woven Capital invests in AV fleet startup Ridecell
    Woven Capital, a venture capital unit of Toyota, announced an investment in Ridecell, a platform powering digital transformations and internet-of-things (IoT) automation for fleet-driven businesses, on its official website on 17 June. It is the investment arm of the Woven Planet Group, a Toyota s...
    18-Jun-2021 News Investments
    Lexus unveils NX model with new ‘Advanced Park’ system
    Lexus has announced that its NX model features a new, Lexus-first “Advanced Park” system, in a press release on 11 June. The remote parking function enables remote control from outside the vehicle via a digital key and assists with parking in unfamiliar or confined spaces. The vehicle feature...
    15-Jun-2021 News New Products
    Toyota unveils new in-vehicle multimedia solution
    Toyota has unveiled a new multimedia solution for the North American market, the carmaker said in a press release on 11 June. The new system features multiple touchscreen options from 8-inches up-to 14-inches. With newly enhanced designs and functionality, these screens retain volume knob. Accord...
    14-Jun-2021 News New Products
    Parkopedia to offer premium parking and payment services for Toyota in US
    Parkopedia has announced its portfolio of off-street parking services and payment services will be available to Toyota and Lexus customers in North America, it said in a press release on 8 June. Services include reservations and digital payments. The 'Park with Parkopedia' service is integrated into...
    Toyota to rename VC arm from Toyota AI Ventures to Toyota Ventures
    Toyota’s standalone, early-stage venture capital firm, Toyota AI Ventures, will change its name to Toyota Ventures. According to a press release issued by Toyota on 3 June, the San Francisco-based venture capital firm will also grow its total assets under management to more than USD500 million wit...
    Toyota partners with Kinto to offer customer-centric driving software
    Toyota Motor Corp has partnered with KINTO to offer a customer-based software and mobility service, it said in a 7 June press release. The service will be offered in new GR Yaris Morizo Selection, and can be updated with the latest software customized for each customer. Significance: Toyota annou...
    07-Jun-2021 News New Products
    Toyota unveils Toyota Data Privacy Portal for Toyota and Lexus vehicle owners in North America
    Toyota Motor has announced the development of Toyota Data Privacy Portal for data transparency, accessibility, and control, according to a press release dated 1 June. It is available for Toyota and Lexus vehicle owners in North America. “Toyota strictly adheres to the Automotive Consumer Privac...
    02-Jun-2021 News New Products
    Toyota selects ZF and Mobileye to develop driver-assistance systems
    ZF and Intel-owned Mobileye have been chosen by Toyota Motor Corp. to develop advanced driver-assistance systems (ADAS) for use in multiple vehicle platforms starting in the next few years. According to a joint press release issued by ZF and Mobileye on 18 May, ZF will also supply its Gen 21 mid-ran...
    Toyota, Woven Planet, and ENEOS to test hydrogen-based supply chain
    ENEOS Corporation and Toyota Motor Corporation have announced their agreement on a new partnership to explore the utilization and application of hydrogen energy at Woven City, the prototype city of the future that Toyota has started to develop in Susono City, Shizuoka Prefecture, Japan. According...
    12-May-2021 News New Products
    Toyota launches PROACE battery electric panel vans in Europe
    In fourth quarter 2020, Proace Electric was introduced to Norway, the Netherlands, and Switzerland. In first quarter 2021 it will be launched in Denmark, Finland, France, Germany, Italy, Spain, Sweden, and the United Kingdom, alongside Proace Verso Electric in some markets. The models come with...
    03-May-2021 News New Products
    Toyota Industries FY 2021 net sales fall 2.4% y/y to USD19.51 billion
    According to a company report on 28 April, Toyota Industries has reported that net sales has amounted to JPY2,118.3 billion, a decrease of JPY53.0 billion, or 2%, from the previous fiscal year. The Automobile market shrank overall, although it recovered in China. Amid such operating conditions, n...
    Toyota to invest USD803 million in Princeton plant in Indiana, US
    Toyota Motor Manufacturing Indiana (TMMI) has announced a USD803 million investment for the Princeton, Indiana, US, manufacturing plant in preparation to introduce two new sports utility vehicles (SUVs), one of which will officially introduce the Lexus line to Toyota Indiana. According to a press...
    29-Apr-2021 News Investments
    EV startup REE Auto, Toyota’s Hino Motors sign strategic business alliance agreement
    Hino Motors, a subsidiary of Toyota Motor Corporation, and REE Automotive have signed a strategic business alliance agreement to over “next-generation commercial mobility,” according to a company press release on 27 April. The companies plan to develop hardware prototypes by fiscal year (FY) 202...
    Suzuki, Subaru, Daihatsu, Toyota, and Mazda to work on next-gen vehicle communications devices
    Toyota has partnered with Suzuki Motor, Subaru, Daihatsu Motor, and Mazda to jointly develop technical specifications for next-generation vehicle communications devices, a company press release on 27 April read. The companies will provide safe connected services to customers as early as possible,...
    Toyota’s Woven Planet acquires Lyft's Level 5 division in USD550 million deal
    Woven Planet Holdings, Inc. (“Woven Planet”), a subsidiary of Toyota Motor Corporation, acquires Level 5, the self-driving division of Lyft, Inc. one of the largest ride-hailing companies worldwide according to a press release on the company website dated 27 April. The transaction, which is e...
    Toyota, Chevron sign MoU on developing hydrogen business lines
    According to a press release dated April 21, Toyota Motor North America and Chevron USA, through its Chevron Products Company division, have announced the signing of a memorandum of understanding to explore a strategic alliance to catalyze and lead the development of commercially viable, large-scale...
    23-Apr-2021 News New Products
    Toyota Industries Corporation launches global AV software development company
    Toyota Industries Corporation (TICO) announced in a news release dated 20 April, the creation of a new company called T-Hive. The new company is a partnership between Toyota L&F, Bastian Solutions, Toyota Forklifts, Vanderlande, Toyota Material Handling and Raymond. T-Hive B.V. wi...
    21-Apr-2021 News New Products
    Toyota bZ BEV series launched
    Toyota Motor Corporation (Toyota) has launched ‘Toyota bZ,’ a new series of battery electric vehicles (BEVs), according to a company press release on 19 April. Toyota also unveiled a concept version of the Toyota bZ4X, which will be the first model in the bZ series, at Auto Shanghai Show in main...
    19-Apr-2021 News New Products
    Toyota recalls more than 279,000 vehicles in US over wire harness issue
    Toyota is conducting a safety recall affecting approximately 279,000 vehicles in the United States over airbag issue, the automaker announced in a press release on 13 April 2021. The recall involves certain model year (MY) 2009–15 Toyota Venza vehicles. Significance: The subject vehicles have a...
    19-Apr-2021 News Recalls
    Toyota starts production of hybrid electric drives for Yaris in Poland
    Toyota Motor Manufacturing Poland (TMMP) has launched the production of hybrid electric transmissions for its low-emission hybrid electric powertrains. According to a press release issued by TMMP on 7 April, the company stated that this new transmission combines with the latest generation 1.5L ...
    Toyota North America, AT&T partner to offer WarnerMedia RIDE to customers
    Toyota Motor North America has partnered with AT&T to offer WarnerMedia RIDE app, which can connect up to five compatible devices, the automaker said in a press release on 8 April. Passengers can view from a selection of live and on-demand content, including ‘thousands of hours’ of TV shows ...
    12-Apr-2021 News New Products
    Toyota unveils new Mirai, Lexus LS models with advanced driver assistance technologies
    Toyota Motor Corp unveiled new models of Lexus and Mirai in Japan, equipped with Level 2 autonomous system. The new driving assist technology, or Advanced Drive will help in limiting the car in its lane, maintaining the distance from other vehicles, and changing lanes under the driver...
    09-Apr-2021 News New Products
    Subaru to idle Japan plant due to semiconductor shortage
    Subaru Corp will shut its Yajima plant in Japan between 10 and 27 April due to a shortage in semiconductor supplies, Reuters reported on 5 April. The shutdown will impact the production of 10,000 vehicles. The automaker is expected to restart all production lines at the Yajima plant from 10 May, ...
    Toyota Motor Corporation invests in e-Mobility Power Inc.
    e-Mobility Power, Inc., the equity holders of which are Tokyo Electric Power Company Holdings (TEPCO HD) and Chubu Electric Power Co., Inc. entered into an absorption-type corporate division agreement with Nippon Charge Service, LLC on 5 February. According to a press release issued by Toyota on 5 A...
    06-Apr-2021 News Investments
    Lexus debuts LF-Z Electrified concept EV
    Toyota-owned Japanese luxury carmaker, Lexus, has debuted its new electric vehicle (EV) concept, the LF-Z Electrified. According to a press release issued by Lexus on 30 March, the company stated the Lexus LF-Z Electrified is slated for launch in 2025. Additionally, the company has lined up 20 new E...
    31-Mar-2021 News New Products
    Toyota Woven Capital invests in AV startup Nuro’s Series C funding round
    Woven Capital, L.P., a USD800 million global investment fund that supports growth-stage companies in mobility, made an equity investment in Nuro, a robotics company providing autonomous delivery. This marks the first investment from Woven Capital, which was established in January 2021 as the investm...
    29-Mar-2021 News Investments
    Electrification pushing chassis component technology trends
    Earlier in March, Volkswagen, and Japan-based automotive components supplier, NSK, formed a partnership between their steering divisions to further the level of innovation in automotive steering technology. Today, even with a commoditized component such as the steering system, automakers and supplie...
    Japanese automakers to assess impact on production due to fire at Renesas plant
    Japanese carmakers including Toyota, Nissan, and Honda are assessing the impact on vehicle production caused by a fire at Renesas Electronics’ chip making unit, Reuters reported on 22 March. The fire, at a time when the automotive industry is struggling to cope with the shortage in semiconductors,...
    Toyota suspends manufacturing in Czechia due to chip shortage
    Toyota Motor has suspended operations at its Czechia plant for two weeks due to a shortage of automotive semiconductors, Bloomberg reported on 20 March. The Kolin facility, which manufactures the Aygo hatchback, will have operations suspended starting 22 March 22. Suspension is caused by the lo...
    Suppliers to the new Toyota Supra
    The fifth-generation 2020 Toyota Supra is assembled at Toyota's facility in Graz #2, Austria. Output of the new version of the sports grand tourer is expected to peak at more than 8,800 units in 2022, according to IHS Markit. If you would like your company included in this feature or the car ...
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