Toyota

Drone Industry recorded a total $1.2 billion investment in 2019, a record high and year-on-year growth of 67 percent according to data from Finance In Bold (FinBold) The data shows that Venture Capital funding in the industry stood at…

IBUKUN IGBASAN with Agency Reports  Japanese automaker, Toyota has felt the impact of the ravaging Coronavirus which has caused a forecast of a sharp drop in sales and operating profit over the coming year. The Japanese giant…

Toyota on Tuesday said it expected a 79.5 percent drop in its annual operating profit this fiscal year as it suffers "significant" fallout from the coronavirus pandemic. The Japanese auto giant declined to give a net profit forecast…

Volkswagen AG (VOWG_p.DE) and Toyota Motor Corp (7203.T) said Wednesday they will delay restarting U.S. production amid the coronavirus pandemic and concerns about the automotive supply network. VW said it is indefinitely delaying the…

Japanese automaker Toyota plans to build a new electric vehicle plant in the Chinese city of Tianjin with its local partner FAW Group, a document from the local authorities showed. The joint venture between Toyota and FAW plans to invest…

Apple announced Monday it would miss its March quarter revenue forecast and global iPhone supplies would fall because of the deadly coronavirus epidemic, triggering a fall in Asian stock markets. The COVID-19 death toll now exceeds…

Toyota Motor Corp (7203.T) on Thursday raised its forecast for annual operating profit by 4.2% due to a slightly weaker yen. Toyota expects operating profit to rise to 2.5 trillion yen (£17.5 billion) in the year to March, up from 2.47…

Toyota is recalling about 3.4 million vehicles worldwide over the suspected malfunctioning of airbags, the carmaker said on Wednesday. “The recall, including 2.9 million vehicles in the U.S., involves the Corolla, Corolla Matrix, Avalon,…

Japanese automaker Toyota will begin recalling 679 imported Lexus cars from November 16, due to defective pneumatic rods, according to China’s market regulator. Filed by Toyota Motor (China) Investment Co., the recall will involve Lexus…

Japan’s top automaker Toyota has seen a 1% rise in July-September profit as vehicle sales grew around the world. Toyota Motor Corp. reported Thursday a profit of 592 billion yen ($5.4 billion) for the second fiscal quarter, up from 585…