Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
NEW YORK, United States (AFP) — Japanese automakers Toyota and Mazda announced Wednesday they will build their $1.6 billion joint US manufacturing plant in Huntsville, Alabama. In August, the companies revealed their plans for the factory, which will eventually employ up to 4,000 people. Production at the plant of vehicles for the US market is expected to begin in 2021. They also plan to jointly develop technologies for electric vehicles. “Welcome to sweet home Alabama,” […]
by John Biers Agence France-Presse NEW YORK, United States (AFP) — Automakers were on track Wednesday to report the first annual decline in US sales since the financial crisis, a dip offset by continued strength in the sales of trucks and other large vehicles. The three leaders in the US market — General Motors, Ford and Toyota — all reported modest declines Wednesday in annual sales compared with 2016, a record-setting year for the auto […]
TOKYO, Japan (Reuters) — Japanese car maker Toyota unveiled a new humanoid robot that mirrors the movements of its remote operator in Tokyo on Wednesday (November 29). The company says T-HR3 is designed to explore how a robot can help the elderly in a country whose population is ageing faster than the rest of the world as the birthrate decreases. “Humanoid robots are very popular among Japanese people. That’s why we continued to work on […]
TOKYO, Japan (AFP) — Subaru recalled nearly 400,000 vehicles from its domestic market on Thursday due to an inspection scandal — the latest to hit the beleaguered Japanese car industry. The recall concerns nine models, including a sports car that Subaru manufactures for Toyota, but vehicles sold overseas were not affected, a spokesman told AFP. Subaru admitted last month that uncertified staff had conducted vehicle inspections at two factories northwest of Tokyo. It said at […]
TOKYO, Japan (AFP) — Japanese car giant Toyota Tuesday logged a jump in its first-half net profits and revised up its bottom-line forecast for the whole year, citing a cheaper yen and cost-cutting efforts. Japan’s number-one carmaker said its net profit gained 13.2 percent to 1.07 trillion yen ($9.4 billion) for the six months to September on sales of 14.2 trillion yen, up 8.6 percent. The Prius maker now expects to bank a net profit of 1.95 trillion […]
by Hiroshi Hiyama Agence France-Presse TOKYO, Japan (AFP) — From a car that wants to be your friend to another that burns off the fat: here are five hot vehicles on display at the Tokyo Motor Show. The biennial event opens for a media preview on Wednesday, before throwing its doors open to the public until November 5. The event will feature concept vehicles from top Japanese manufacturers, as well as fresh offerings from major […]
TOKYO, Japan (AFP) — Six of Japan’s best-known carmakers including Nissan and Honda used products from Kobe Steel, a report said Wednesday, after the firm admitted to falsifying quality data in a growing scandal. Business daily Nikkei said Mitsubishi Motors, Subaru and Mazda had also used products from Kobe Steel in their vehicles. Auto giant Toyota has already said that Kobe Steel supplied materials to one of its Japanese factories, which used them in hoods, […]
SYDNEY, Australia (AFP) — The last Australian-made Toyota rolled off the production line Tuesday, ending over five decades of manufacturing by the Japanese firm as the once-booming local car-making industry grinds to a halt. Toyota announced in 2014 that it would stop making vehicles at its unprofitable Australian plants, joining the country’s other two large automakers — Ford and US giant General Motors’ Holden offshoot. Ford closed its production line last year and Holden will shutter its only […]
TOKYO, Japan (AFP) – Japanese auto giant Toyota said Thursday it was teaming up with Mazda and parts-maker Denso in a new joint venture to develop electric vehicles. The move came as Toyota, producer of bestselling hybrid vehicle Prius, steps up efforts to develop clean technologies, including electric vehicles and plug-in hybrid systems that use both petrol and electricity as energy sources. Joint research — sharing cost, engineers and knowledge — is necessary to meet increasingly […]
(Reuters) — Embattled airbag maker Takata Corp on Monday (June 26) filed for bankruptcy protection in Japan and said it would seek $1.588 billion in financial aid from U.S.-based auto parts supplier Key Safety Systems (KSS). The KSS deal would help it deal with the fallout from its defective airbag inflators at the center of the global auto industry’s biggest ever recall, Takata CEO Shigehisa Takata said in a news conference in Tokyo on […]
TOKYO, Japan (AFP) — Toyota rebounded Thursday as investors weighed upbeat news of a share buyback and warnings that the auto giant is on track for a second straight year of profit decline, while Tokyo’s benchmark index ended the day higher. The Nikkei 225 rose 0.31 percent, or 61.46 points, to 19,961.55, closing again within spitting distance of the key 20,000 level which it last crossed in late 2015. The broader Topix index of all […]
TOKYO, Japan (AFP) — Toyota on Wednesday reported its first drop in annual net profit for five years, while the Japanese car giant unexpectedly warned that the cost of customer incentives and a further pickup in the yen threatened to dig further into its bottom line. The downbeat forecast underscores how Japan’s automakers, including rivals Nissan and Honda, have benefited heavily from a slump in the currency in recent years. But sharp yen gains […]
