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TOKYO, Japan (AFP) — Japan’s government said Tuesday that a cyberattack was behind disruption at a Toyota supplier that forced the top-selling automaker to halt operations at domestic plants for a day. Local media reported the attack on parts supplier Kojima Industries was a possible ransomware attack, with the firm saying it detected a “threat message” on Saturday night before discovering its server was “infected with a virus”. Its statement had to be forwarded by […]
TOKYO, Japan (AFP) – The world’s top-selling carmaker Toyota said Tuesday it no longer expects to meet its annual production target with operations hampered by the global chip crunch. A worldwide shortage of microchips — essential components of modern cars — has forced many automakers including Toyota to slow or temporarily halt production. In September, the Japanese giant lowered the number of vehicles it hopes to make in the year to March 2022 to nine […]
NEW YORK, United States (AFP) — Toyota will pay $180 million to settle charges it failed to comply with rules mandating that auto companies report problems with vehicle emissions to authorities, the US Department of Justice said on Thursday. “Toyota pays the price for its misconduct with a $180 million civil penalty and agreement to injunctive relief to ensure that its violations will not be repeated,” Assistant Attorney General Jeffrey Bossert Clark said in a […]
by Natsuko FUKUE Agence France-Presse TOKYO, Japan (AFP) — Japanese car giant Toyota slashed its full-year net profit forecast Wednesday after saying its nine-month figure had tumbled nearly 30 percent as it was hit by investment losses. The firm’s senior managing officer Masayoshi Shirayanagi also told reporters there was no way to avoid a negative impact in the event of a no-deal Brexit — days after fellow Japanese carmaker Nissan announced a cut in production […]
by Shingo ITO Agence France-Presse TOKYO, Japan (AFP) — Japanese car giant Toyota upgraded its full-year forecast Tuesday, as the firm posted a 16-percent gain in net profit for the six months to September thanks to steady global sales and cost-cutting efforts. The maker of the Camry sedan and Prius hybrid revised upward its net profit forecast to 2.3 trillion yen ($20.3 billion) from its earlier estimate of 2.12 trillion yen for the year to […]
TOKYO, Japan (AFP) — Japanese car giant Toyota said Friday it is recalling more than 2.4 million hybrid cars over a fault that could cause crashes, just a month after an another recall affecting hybrids. The firm in September said it was recalling more than one million hybrid cars globally after uncovering a technical problem that could cause fires. The latest recall affects several models of Toyota’s Prius and its Auris hybrid vehicles produced between […]
SAN FRANCISCO, United States (AFP) — Toyota will pump about $500 million into Uber as part of a deal to work together on mass-producing self-driving vehicles, the Japanese car giant said on Tuesday. The deal, which reportedly values Uber at about $72 billion, aims at “advancing and bringing to market autonomous ride-sharing as a mobility service at scale,” Toyota said in a statement. Technology from both companies will be integrated into purpose-built Toyota vehicles […]
(Eagle News) — President Rodrigo Duterte on Wednesday, Aug. 1, vowed to protect businesses in the country. “Today, I send a message to the rest of the business community — this government will protect you and your investments and will ensure a level playing field for you to thrive in as long as you obey the laws of the land and safeguard the welfare of your people and general public,” Duterte said in his speech […]
TOKYO, Japan (AFP) — Toyota said Wednesday it was investing $1 billion in Asia ride-share company Grab, as the Japanese automaker looks to expand beyond its core business into the “mobility” sector. Grab, which is headquartered in Singapore, is a leading player in the ride-share industry in Asia, and earlier this year agreed to acquire US giant Uber’s regional operations. In a statement, Toyota said the deal “is aimed at achieving connectivity for Grab’s rental […]
TOKYO, Japan (AFP) — Top Japanese car makers said on Monday they were teaming up to nearly double the amount of hydrogen stations in Japan, as the car-mad country seeks to head off competition from China and Germany. Toyota, Nissan and Honda formed a joint venture with major gas and energy companies, including French industrial gases company Air Liquide, to build 80 new hydrogen stations in the next four years, to add to the 101 […]
TOKYO, Japan (AFP) — Japanese car giant Toyota on Friday warned that US steel and aluminum tariffs would harm automakers and “substantially” increase the price of cars sold in America. The firm was reacting after US President Donald Trump announced tariffs of 25 percent on steel and 10 percent on aluminum, key materials for the auto sector. Toyota noted that 90 percent of the steel and aluminum it purchases for its US operations comes […]
TOKYO, Japan (AFP) — Japanese car giant Toyota on Tuesday forecast a record full-year net profit, as the figure jumped more than 40 percent for the nine months to December. Boosted by robust global sales and a weak yen, Japan’s top carmaker expects to bank net profit of 2.4 trillion yen ($22 billion) for the fiscal year to March 2018, up from its earlier estimate of 1.95 trillion yen. Annual sales are now forecast at 29 trillion […]
