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INSANE: 3 | Vintage Vibes

Benzinga Before The Bell: Gun Safety Bill. Bill Gates North Dakota Outrage, Sanofi-GSK's Covid-19 Vaccine's Omicron Efficacy And Other Top Financial Stories Friday, June 24

Reuters

Benzinga

Toyota Recalls EVs Over Faulty Wheels: WSJ

Toyota Motor Corp (NYSE:TM) recalls 2,700 of its first mass-produced electric vehicles (EVs) on tire safety risks, the Wall Street Journal reported. The auto giant would recall its all-electric 2023 bZ4X SUV after finding fault with bolts that connect the wheels with the vehicle. Related: Toyota Debuts bZ4X SUV Battery Electric Vehicle Toyota…

Benzinga

Stabenow: Union-made EV tax credits are dead in Democrats' climate bill

WASHINGTON— A controversial proposal that would have given consumers a $4,500 discount on domestic, union-made electric vehicles is officially off the table, Sen. Debbie Stabenow, D-Michigan, confirmed Wednesday to The Detroit News.

Chicago Tribune

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Toyota Cuts July Production Citing Parts Shortage

Toyota Motor Corp (NYSE:TM) has cut its July global production plan by 50,000 vehicles due to the parts shortage resulting from the spread of COVID-19. The company expects the global production volume for July to be approximately 800,000 units (250,000 units in Japan and 550,000 units overseas). The auto major has decided to…

Benzinga

Toyota Stretches Japan Production Cut Citing Chip Shortage

Toyota Motor Corp (NYSE:TM) plans an additional domestic factory line production suspension in June and July. The auto major took the decision citing an auto parts shortage resulting from the spread of COVID-19. The number of units affected by the suspensions will be about 40,000, bringing down the global production plan for June to…

Benzinga

Why Toyota Will Stick To Making Hybrid Cars Amid Growing Calls For EV Transition

Japan’s Toyota Motor Corp (NYSE: TM) has reportedly said it would continue developing and making hybrid and other low-emission vehicles amid shareholder pressure to embrace electric cars.

Benzinga

Ford, GM, Stellantis, Toyota urge Congress to lift EV tax credits cap

WASHINGTON — Ford Motor Co., General Motors Co., Stellantis NV and Toyota Motor Corp. sent a letter to congressional leaders Monday urging them to lift the 200,000 customer cap for existing electric vehicle tax credits.

Tribune News Service

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Japan PM to visit Toyota headquarters ahead of election, sources say

Japanese Prime Minister Fumio Kishida is planning to visit Toyota Motor Corp's headquarters as early as next week, two people familiar with the matter said, highlighting his push for higher wages ahead of next month's upper house elections.

Reuters

New Lexus RX to hit market in autumn

An updated Lexus RX sport-utility vehicle will be released in Japan around autumn, Toyota Motor Corp. recently announced.

The Japan News/Yomiuri

Toyota Introduces 2023 Corolla Cross Hybrid - Read More For Details

Toyota Motor Corp (NYSE:TM) has unveiled the 2023 Corolla Cross Hybrid in the U.S. to expand options for entry Sports Utility Vehicle customers. The company plans to assemble the 2023 Corolla Cross Hybrid and the 2021 launched gas model at the new Mazda Toyota Manufacturing plant in Huntsville, Alabama. The facility will have…

Benzinga

Toyota Cuts Production Plan For June Again

Toyota Motor Corp (NYSE:TM) has cut its June global production plan for the second time in a week due to the COVID-19 lockdown in Shanghai. The auto major cut production by 50,000 vehicles and now anticipates producing about 800,000 units in June. It has decided to suspend domestic factory line operations for the week…

Benzinga

Toyota cuts production to 800,000 vehicles

TOKYO: Japan's Toyota Motor Corp on Friday cut its global production plan for June for the second time this week, reducing its planned output by about 50,000 vehicles to 800,000, citing the Covid-19 lockdown in Shanghai.

Bangkok Post

This Auto Giant Cuts Production Plans Citing Parts Shortage - Read More For Details

Toyota Motor Corp (NYSE:TM) plans to cut global production by about tens of thousands of units to roughly 850,000 vehicles in June due to the semiconductor shortage. The auto major expects to produce 9.7 million units for the full period of the fiscal year 2023. The average global production plan from June through…

Benzinga

Toyota tops auto-supplier relations study, as Honda rises and Stellantis drops

Toyota Motor Corp. had the best working relationship with its North American suppliers, according to an annual study from accounting firm Plante Moran, while Honda Motor Co. showed the most improvement, and views on Jeep-maker Stellantis NV soured.

Tribune News Service

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Benzinga

Toyota Looks To Develop Hydrogen Mobility In Europe

Toyota Motor Corp's (NYSE:TM) Europe business, Air Liquide SA (OTC:AIQUF), and CaetanoBus have signed a Memorandum of Understanding intending to develop integrated hydrogen transport solutions. The companies will focus on infrastructure connected to distribution and refueling; low-carbon and renewable hydrogen production; and deploying hydrogen in various vehicle types. The initial focus would be on buses, light commercial vehicles,…

Benzinga

Toyota Launches First Battery Electric Car In Japan: Reuters

Toyota Motor Corp (NYSE:TM) has unveiled its first mass-produced battery electric car in Japan, Reuters reported. The car is being made available for only lease, a strategy the automaker said will ease driver concerns about battery life and resale value. Toyota will lease the bZ4X sport utility vehicles (SUV) at the equivalent of…

The Japan News/Yomiuri

Toyota unveils 1st exclusively electric model under Lexus brand

Toyota Motor Corp. has unveiled details of the RZ, the first exclusively electric vehicle model under its Lexus brand, hoping to make its presence felt in the luxury EV market.

Tribune News Service

Anti-Trump PAC launches ad campaign against Toyota over donations to election objectors

WASHINGTON — The Lincoln Project, an anti-Trump group, is re-launching an ad campaign against Toyota Motor Corp. for resuming political donations to members of Congress who voted against certifying the 2020 election on Jan. 6, 2021.

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Benzinga

Toyota Invests $383M In US Manufacturing Plants

Toyota Motor Corp (NYSE:TM) plans to invest $383 million in four of its U.S. manufacturing plants building new Toyota and Lexus vehicles. The new investment is aimed at supporting the production of four-cylinder engines, including options for hybrid electric vehicles, at its Alabama, Kentucky, Missouri, and Tennessee plants. "Toyota customers want vehicles that…

Benzinga

Toyota To Launch SUV Of Revamped Crown Sedan: Reuters

Toyota Motor Corp (NYSE:TM) looks to launch a sport utility vehicle version of its Crown sedan for Japan, China, and North America, Reuters reports. The SUV, likely to come in a hybrid, plug-in hybrid, and full-electric models, looks to bring the 67-year-old Crown more with market trends. The hybrid will likely be…

Benzinga

Toyota Plans 10% Production Cut In May: Nikkei Asia

Toyota Motor Corp (NYSE:TM) has informed suppliers that it plans to reduce global production by 10% in May, Nikkei Asia reported. The report noted the company plans to produce 700,000 vehicles for the month of May. It manufactured 670,000 vehicles last May. The chip shortages have led the automaker to change its…

Benzinga

Bosch Halts Production At Two China Plants: Reuters

German auto parts supplier Bosch has halted production in the Chinese cities of Shanghai and Changchun following COVID-19 curbs, Reuters reported. Bosch has closed shutters at a Thermotechnology factory in Shanghai and an automotive components site in Changchun in northeastern Jilin province. The report noted two other plants in Shanghai and Taicang city…

Benzinga

Toyota To Launch Its New Electric SUV On May 12 In Japan

Toyota Motor Corp (NYSE:TM) plans to launch its new electric sports utility vehicle (SUV), bZ4X BEV, on May 12 in Japan. The battery-electric vehicle (BEV) dedicated platform is a first for Toyota. It aims to offer power efficiency (128Wh/km), a cruising range for practical driving of 559 km, and a battery retention ratio…

Benzinga

Toyota Adds New Jobs As EV Production Kicks Into High Gear

Toyota Motor Corp (NYSE:TM) said its North America division plans to boost electric vehicles production by adding 220 new positions to its Production Engineering Division. The new positions will serve as the go-between for design and manufacturing. The new jobs will be located in Georgetown and across Toyota's other manufacturing facilities in North America. …

Benzinga

Like Tesla, Toyota Motor Looks To Develop Autonomous Driving Tech With Cheaper Cameras

Toyota Motor Corp (NYSE:TM) unit Woven Planet is promoting autonomous driving technology without expensive sensors like lidars, Reuters reports. Woven Planet used cameras that are 90% cheaper than sensors and conveniently installed in passenger car fleets, which could help drive down costs and scale up the technology. Toyota would still use multiple…

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