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...As well as making a new car model at its Derby plant, Toyota is exploring investment in manufacturing hydrogen fuel cells, which would be exported for use in larger Toyota vehicles or to other industries...
...Despite their growing confidence in manufacturing technology, executives at Toyota admit that the company still needs to improve how it ensures the quality of battery materials when they are produced in...
...Indian steelmaker JSW last month launched a $1.5bn tie-up with China’s SAIC Motor to build and sell EVs in India....
...Toyota has pledged to invest R$11bn ($2.2bn) in Brazil by the end of the decade, boosting president Luiz Inácio Lula da Silva’s goal to revive manufacturing in the South American nation....
...The UAW, established in the 1930s, last year won record pay increases for 146,000 members whom the union represents at Ford, General Motors and Stellantis after it launched six weeks of strikes against the...
...“The region is capable of solid manufacturing, so solid start-ups should emerge as well.” A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc....
...The Qin hybrid is priced 40 per cent lower than Toyota’s Corolla, about a tenth lower than VW’s Lavida and about half that of other pure hybrid models such as Toyota’s Prius in the Chinese market....
...Toyota is aiming for as early as 2027, Nissan the year after and Honda by the end of the decade....
...Smaller companies play a big role in Japan’s electric vehicle battery supply chain, indirectly supporting the likes of Toyota Motor and Tesla....
...manufacturing efficiency....
...Toyota’s investment also rivals those made by domestic car companies; in 2021, Ford announced an $11.4bn investment in EVs and batteries in Tennessee and Kentucky....
...People close to Sony suggest the project is aimed at gaining manufacturing knowhow of cars, which could then help Sony to sell its automotive image sensors to Tesla and other EV groups....
...Last week UAW members began picketing Ford’s most profitable factory, a truck plant in Kentucky....
...Corporate earnings: Japan’s Mitsubishi, Nintendo and Toyota Motor and China’s Semiconductor Manufacturing International Corporation report results....
...The transaction is also the latest in a series of takeovers in the UK motor retail sector where consolidation has meant only Vertu and Caffyns remain....
...“Absolutely”, he told reporters who asked if he supported unionisation at Toyota and Tesla....
...An independent panel revealed that Daihatsu Motor, a subsidiary of Toyota Motor, had been cheating on safety and quality tests for over 30 years, delivering a blow to the auto group’s reputation — the most...
...If the plans had been shelved or pared back in ambition, Tesla — which once aimed to grow to the size of Toyota and Volkswagen combined by 2030 — would for now remain a more modest manufacturer than expected...
...In contrast, Toyota’s stock price has rallied more than 44 per cent in the same period....
...Last week, the United Auto Workers — who is also striking at General Motors and Stellantis seeking better pay — escalated its strike to include Ford’s Kentucky factory, its most profitable facility....
...Toyota, the world’s largest automaker, has indicated in recent weeks that it is close to a manufacturing breakthrough for a potentially game-changing technology: solid-state batteries....
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...to Toyota plan to sell more hybrid vehicles in the coming years....
...Almost all the cars made by Toyota at Burnaston in Derbyshire are hybrids, while Vauxhall owner Stellantis started making electric vans at Ellesmere Port last year....
...The union wrested big pay rises and other benefits from Ford, General Motors and Stellantis earlier this month after a six-week strike against the companies....
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