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Tag: Toyota

Toyota suffers sixth straight monthly production decline
Business

Toyota warns of £3bn loss as Iran war pushes up costs

Toyota has disclosed a £3bn blow linked to the war in Iran, as rising parts and raw material prices combined with falling sales to squeeze earnings. The world’s largest carmaker said profit declined in the financial year to March, warning it was “unlikely to fully absorb the additional impact from the Middle East” — one […]

Transportation

Low duties, durability boost Toyota imports in Nigeria — Report

Low duty payments on imported smaller Toyota-branded vehicles, durability, and low maintenance costs have driven higher importation of the brand into Nigeria compared to other car brands, according to The PUNCH. Investigations show that vehicles from 2015 and older generally attract similar duty rates. However, Toyota models often end up cheaper overall when factoring in […]

Toyota’s global production declines for 10th consecutive month
Business

Toyota to hike US vehicle prices by $200 in July

Toyota Motor Corp. will increase prices on select vehicles in the U.S. by over $200 beginning next month. Prices for certain Toyota and Lexus models will rise by an average of $270 and $208, respectively, starting next month, Toyota spokesman Nobu Sunaga said in an email on Saturday. “The latest price hike is part of […]

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Toyota retains world’s top carmaker for fifth year

Toyota Motor Corp. sold 10.8 million cars in 2024, a slight decrease from the previous year but sufficient to retain its title as the world’s largest carmaker for the fifth consecutive year. Despite a 3.7% drop in global sales, including those from subsidiaries Daihatsu Motor Co. and Hino Motors Ltd., Toyota outpaced Volkswagen AG, which […]

Toyota’s global production declines for 10th consecutive month
News

Toyota’s global production declines for 10th consecutive month

Toyota Motor reported a 6.2% drop in global production for November, marking the 10th consecutive month of decline. The world’s largest automaker manufactured 869,230 vehicles last month, a larger drop than October’s 0.8% decrease. Despite the production slump, Toyota’s worldwide sales rose for the second straight month, driven by strong demand in the U.S. and […]

Toyota suffers sixth straight monthly production decline
News

Toyota suffers sixth straight monthly production decline

Toyota Motor announced on Thursday that its global production decreased for the sixth consecutive month in July. The company reported a 1% drop in output compared to the same month last year, totaling 804,610 vehicles. This decline was less severe than the double-digit reductions experienced in previous months. Production in key markets saw notable decreases, […]

Toyota to unveil three electric vehicles in Nigeria
News

Toyota to unveil three electric vehicles in Nigeria

Toyota Nigeria Limited has announced its plan to launch three electric vehicles in Nigeria over the next three years, aligning with the government’s green deal initiative. This announcement was made by TNL’s Managing Director, Mr. Kunle Ade-Ojo, during the inaugural Toyota Motor Show organized by the company. Mr. Ade-Ojo revealed that the Toyota Cross, RAV4, […]

Vehicle scarcity looms as sellers lament import difficulties
Business

Africa leads in Toyota, Lexus sales as firm produces 5.6 million vehicles

Africa is the standout region for Toyota and Lexus sales as the company posted global sales growth of 8.3% from April to September compared to the previous year. Toyota sold a record-breaking 5,596,183 automobiles, according to Bloomberg. The standout region in this success was Africa, where Toyota and Lexus sales increased by an astonishing 22%, […]

Toyota’s global production declines for 10th consecutive month
News

Technical glitch halts Toyota factories in Japan

    Toyota has reported that a technical malfunction has forced it to halt production at all of its 14 Japanese factories. The world’s largest automaker provided no additional information about the halt, which began Tuesday morning, but stated that it did not appear to be the result of a cyber attack. Tuesday morning, twelve […]

Toyota explores regenerative cell tech to power lunar power
News Tech

Toyota explores regenerative cell tech to power lunar power

Toyota Motor intends to deploy regenerative fuel cell technology to power a human lunar rover, the executives disclosed on Friday. They hinted at the possibility of exploiting the water ice on the moon as a source of energy in the future. Toyota and Japan’s space agency have been working together to create the Lunar Cruiser, […]

A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS
Business

Toyota to increase battery-electric offers – CEO

ToyotaA global automotive manufacturer, Toyota is said to increase its battery-electric offerings on its Lexus luxury brand. This was said on Monday by the company’s incoming CEO, Koji Sato. He also added that while at this, Toyota will not shift from its long-standing strategy of considering other technologies. According to Reuters, The comments from Koji […]

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