Toyota’s Production Slow from September’s Record as Challenges Persist
Toyota Motor Corp. said it produced 771,382 vehicles in October, down from a record 887,733 the previous month, and warned of an uncertain outlook due to shortages of Covid and semiconductors. Production is up 23% since October 2021, when supply chains were disrupted by the spread of Covid in Southeast Asia, Toyota said in a […]
Toyota to Invest $5.6 Billion in US and Japanese EV Battery Production
Toyota Motor Corp. has pledged to invest up to 730 billion yen. In other words, it’s about $5.6 billion, to boost electric car battery production in Japan and the US as consumer demand for cleaner transportation takes off globally. Battery production is expected to begin between 2024 and 2026, the world’s largest automaker said in […]
Toyota Shares Fall After Sticking to Conservative Earnings Outlook
Toyota Motor Corp. maintained its profit outlook for the current year. Toyota Motor Corp underscores the automaker’s concerns about its ability to produce vehicles amid parts shortages. Shortage rising material costs, and pandemic disruptions in China, even as a weaker yen boosts revenue in its local currency. Toyota shares fell as much as 3.9%. The […]