Toyota is making a significant additional investment of $500 million into Joby Aviation, a startup focused on developing air taxis. This new funding will support Joby’s efforts in gaining certification and ramping up commercial production of its electric vertical takeoff and landing (eVTOL) aircraft. Toyota’s total investment in the California-based company now reaches $894 million,…
Toyota will be one of the first automakers to launch passenger cars with solid-state batteries. This would be a breakthrough that would significantly improve the performance of electric vehicles. Japan’s Ministry of Economy, Trade and Industry confirmed Toyota’s plans to start producing solid-state batteries by 2026. Mass production is expected to begin around 2030. Delivering…
Toyota Motor Corp. (7203.T), opens a new tab, plans to launch its first electric car model with an advanced autonomous driving system similar to that of Tesla (TSLA.O) in the Chinese market next year, one of the company’s Chinese officials joint ventures said. Its joint venture with state-run Guangzhou Automobile Group (601238.SS), opens a new…
Tuesday, as the Japanese automaker revealed record-breaking 11.2 million car sales across all of its brands last year, its chairman expressed his “ashamed” feelings over the current problems involving its subsidiaries. Thanks to a rebound in demand and reducing chip shortages, Toyota has maintained its position as the best-selling carmaker globally for four years running…
Drivers with expensive tastes who can’t afford them should purchase high-end cars from previous model years. All automobiles begin to lose value as soon as they are purchased, but according to HotCars, luxury cars, especially luxury SUVs, do so more quickly than the ordinary car because of their high sticker prices and hefty maintenance and…
General Motors is back on top one year after losing the title of America’s top car seller, which it held for nearly a century. On Wednesday, GM (GM) reported 2.3 million vehicle sales in the United States. It was able to finish the year with sales that were up nearly 3% from the 2.2 million…
Toyota reduced the number of vehicles produced globally this July by 50,000 due to production plan modifications as a result of part shortages brought on by the COVID-19 epidemic. The business stated that while total projections for the fiscal year will not change, it will create about 850,000 units per month from July through September.…
Toyota is charging drivers for the convenience of starting their cars with their key fobs. Toyota cars from 2018 and newer will require a subscription in order for the key fob to allow remote start capability, according to a report from The Drive. When buying a new Toyota, as The Drive points out, buyers have…
Toyota Motor on Sunday revealed its new 2022 Tundra pickup with a bolder look, new technologies and more power. However, what might astound many truck owners is the extra force won’t be from a V-8 engine. Rather than only contribution the pickup with a V-8 engine, the Japanese automaker will offer two versions of a…
Nissan’s new CEO Makoto Uchida doesn’t have the opportunity to work his way into the activity. He is viably on post trial supervision and has merely months to show he can restore the weak automaker, as per three individuals acquainted with the thinking about some on the organization’s board. The crucial: new manager must demonstrate…