Toyota and Honda Recalls Follow Tesla’s Recall Drama
Investors in Tesla may find a sense of vindication on Thursday after two major recalls from global auto makers that came in the wake of Tesla's recent recall. On Wednesday,…
Toyota’s Stake in Uber Halves After Ride-Sharing Firm Sold Autonomous Driving Unit
(Bloomberg) Toyota reported a holding of 22.4 billion yen or $165 million worth of shares in Uber in the fiscal year ending March. The holding is down from 61.9 billion…
Toyota Targets Technology Leadership with at Least $13.5B Investment in Batteries
(Reuters) Toyota Motor Corp. will invest more than $13.5 billion by 2030 to boost its battery development and battery supply system. The investment by Toyota seeks to make the automaker…
Toyota Shares Plunge by 3.5% on Its Intention to Cut Production by 40%
(WSJ) Toyota Motor Corporation has announced it will reduce output by 40% in September as global shortages in semiconductors bite. Shares fell 3.5% on the announcement. Toyota’s announcement comes amid…
Toyota Defies Chip Shortage to Post a Record Share Price of 10,000 Yen
(Bloomberg) Toyota Motor Corp. stock jumped as much as 1.8% to hit a fresh milestone above 10,000 yen or $90.85 on Tuesday. The stock jump of Toyota Corp. defies continuing…