Large parts of the world are not ready for zero-emission vehicles, which is why Toyota Motor Corp did not sign a pledge this week to phase out fossil-fuel cars by 2040, the world’s largest automaker said on Thursday. Six major carmakers, including General Motors, Ford, Sweden’s Volvo Cars, and Daimler …
Read More »Toyota thanks shareholders for support after shares hit record high
Toyota Motor Corp’s shares reached a record high on Wednesday, earning a rare message of thanks from the company’s president at its annual general meeting (AGM). The share price of Japan’s no.1 carmaker exceeded 10,000 yen ($90.84) on Tuesday for the first time, as investors welcomed Toyota’s strong sales, electric …
Read More »Toyota to launch a hydrogen fuel cell venture with Chinese auto firms
Japanese automaker Toyota Motor Corp said on Friday it would launch a new China joint venture with Chinese auto companies to develop fuel cell systems. Toyota said it will launch the Beijing-based venture with FAW Group, Dongfeng Motor, Beijing Automotive, GAC, and Beijing SinoHytec. The total investment amount will be …
Read More »Record rain in south Japan brings flood chaos, kills at least two.
Torrential rain-triggered floods and landslides in Japan on Wednesday, killing at least two people and prompting authorities to order more than 900,000 people to leave their homes while another million were advised to move to safety. More than twice the usual rainfall for the whole of August has fallen over …
Read More »Fiat could merge with Renault to become world’s third biggest carmaker.
Fiat Chrysler has proposed a merger with Renault that would create the third biggest carmaker in the world behind Volkswagen and Toyota. The tie-up is aimed at saving billions of dollars for both companies as the car industry moves towards electric and autonomous vehicles. In a statement on Monday, Italian-American …
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