UNCOVERED: 4 - The Untold Story

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…

Benzinga · Apr 6, 2022

Volkswagen To Scrap Dozens Of Models To Focus On Premium Market: FT

Volkswagen AG (OTC:VWAGY) to discontinue several of its combustion engine models by the end of the decade and sell fewer cars overall to focus on developing more profitable premium vehicles, Financial Times reported, citing the company's finance chief. "The main goal is not growth, it is us [more focused] on quality and…

Benzinga · Apr 6, 2022

Toyota US Sales Decline 14.7% In Q1; EVs Constitute Quarter Of Volume

Toyota Motor Corp (NYSE:TM) reported March 2022 U.S. sales of 194,178 vehicles, down 23.5% on a volume and down 26.3% on a daily selling rate (DSR) basis Y/Y. For Q1 of 2022, Toyota Motor North America posted sales of 514,592 vehicles, down 14.7% on a volume basis and down 15.8% on a DSR…

Benzinga · Apr 1, 2022

22% of Japanese companies suspend operations in Russia

About 20% of listed Japanese companies operating in Russia suspended business by mid-March after Russia invaded Ukraine, according to data compiled by Teikoku Databank Ltd.

The Japan News/Yomiuri · Mar 21, 2022

Toyota Cuts April Production Target As Supply Chain Woes Continue

Toyota Motor Corp (NYSE:TM) said it plans to slash its vehicle production target in April by 150,000 units. The company's global production plan for April, including overseas production, is approximately 750,000 units. The auto maker's decision follows a semiconductor shortage amid disruptions caused by the COVID-19 pandemic. The global production plan average from…

Benzinga · Mar 17, 2022

Toyota Makes $27M Investment In Long Beach Facility

Toyota Motor Corp (NYSE:TM) Toyota Motor North America will make a $27 million investment in its manufacturing plant in Long Beach, California, Toyota Auto Body Company (TABC). The investment will equip TABC with the first coil-fed laser blanking line, expand blanking capability and increase capacity to cut 5.6 million blanks annually. The added…

Benzinga · Mar 16, 2022

Toyota Motor Sees Additional Production Cuts As Semiconductor Crisis Continues To Bite

Toyota Motor Corp (NYSE:TM) looked at additional production cuts in March as the semiconductor chip crisis continues to pinch, Reuters reports.  The production suspension will affect the production of ~14,000 Noah and Voxy minivans. Recently, the Japanese automaker reduced its domestic production target by up to 20% for the April-June quarter. Toyota looked to…

Benzinga · Mar 15, 2022

Toyota To Cut Production Over Chip Crunch: Reuters

Toyota Motor Corp (NYSE:TM) will cut down domestic production in April, May, and June to reign in chip supply crunch, Reuters reported. Global automakers have been facing a supply chain crunch since the COVID-19 pandemic struck and fear that the Ukrainian crisis could amplify their woes. Toyota plans to reduce domestic production…

Benzinga · Mar 11, 2022

Here's How Toyota Looks To Resume Production Post Cyberattack

Toyota Motor Corp (NYSE:TM) looks to resume work at all its Japanese factories on March 2 after a one-day shutdown, limiting the fallout from a cyberattack on one of its key suppliers, Bloomberg reports. The one-day domestic production stoppage likely affected ~13,000-vehicles' worth of production, representing about 5% of output for February.  Toyota aims…

Benzinga · Mar 1, 2022

Toyota Makes $90M Investment In Two US Manufacturing Facilities

Toyota Motor Corp (NYSE:TM) has made a $90 million investment in two of its U.S. manufacturing facilities to expand the production of electrified vehicles. The company has made a $73 million investment in Toyota West Virginia (TMMWV) and $17 million in Toyota Tennessee (TMMTN). The move comes after the $240 million investment announced…

Benzinga · Feb 11, 2022