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...GMO’s Edwards, whose team manages roughly $2bn in Japanese equities, said that one cause of the scandal at TIC was that management “lacked the independence and courage to push back against” Toyota Motors...
...Toyota is exploring two investments in the UK, including a new model at its Derbyshire car plant and the mass manufacturing of hydrogen fuel cells, after the government pushed back a ban on the sale of new...
...When asked whether Toyota was now able to produce solid-state batteries at the same rate as current lithium-ion batteries, a Toyota engineer said: “In terms of the stacking speed, we are almost there....
...A takeover bid from Germany’s Merck prompted JSR, a Japanese chip materials maker, to seek a buyout from a state-backed fund, in a deal that has sparked investor scrutiny on rising government intervention...
...Japan’s Topix fell 0.8 per cent in early trading ahead of earnings releases from Toyota Motor and Mitsubishi Corporation, which were both down 0.8 per cent. South Korea’s Kospi shed 0.6 per cent....
...Honda is falling further behind in the battery EV race after scrapping a $5bn plan to develop affordable battery-powered cars with General Motors last year....
...If I want to take a view on Japanese carmakers, I am going for Toyota,” said one fund manager in Tokyo....
...Former Japanese prime minister Taro Aso, a senior figure in the country’s ruling party, will meet Donald Trump....
...They pushed global group sales, including subsidiaries Daihatsu Motor and Hino Motors, up 7 per cent to a record 11.2mn cars last year, the company said on Tuesday. Output grew 9 per cent to 11.5mn....
...The announcement follows a string of major funding promises by car manufacturers in Brazil this year, including Volkswagen, General Motors and Hyundai....
...In a US hybrid market mainly dominated by Toyota, Honda and the South Korean duo of Kia and Hyundai, domestic manufacturers are racing to catch up.Last month General Motors, which had largely phased out...
...He also said he wanted group companies to select their leaders based on their abilities as “master drivers” — a Toyota designation that is based on technical skill and ability to judge the progress of a...
...The Japanese company increased its operating profit forecast for the year to March to ¥4.9tn ($34bn) from ¥4.5tn and said that profit in its fiscal third quarter hit ¥1.7tn, an increase from ¥957bn a year...
...A scandal over safety testing at Japanese carmaker Daihatsu is shaping up as a pressure point for change at its parent Toyota....
...Toyota promised “a fundamental reform” to revive its subsidiary....
...Both Japanese carmakers, which each sell about 4mn vehicles a year globally, were caught off-guard by the rise of China’s homegrown EV groups, while Nissan missed out on a boom in hybrid vehicles sales in...
...Start-ups developing future forms of transport such as space planes, drones and flying cars are emerging in central Japan’s Aichi prefecture, home to Toyota Motor and its suppliers, driven by a sense of...
...Corporate earnings: Japan’s Mitsubishi, Nintendo and Toyota Motor and China’s Semiconductor Manufacturing International Corporation report results....
...Smaller companies play a big role in Japan’s electric vehicle battery supply chain, indirectly supporting the likes of Toyota Motor and Tesla....
...Daihatsu Motor may have failed in this duty of care. Toyota has suspended all shipments from its subsidiary after a probe revealed manipulated test results....
...Japanese salarymen — white-collar executives who supposedly trudge their way through working life — have long been a symbol of corporate Japan....
...Global sales for the broader Japanese group, which includes van and truck maker Hino Motors and compact brand Daihatsu Motor, also increased 7 per cent to 10.2mn vehicles, putting it on track to become the...
...The Japanese group said it would also carry out a share buyback worth ¥100bn....
...In July, Toyota raised nearly ¥250bn ($1.7bn) by selling some of its shares in Japanese telecoms group KDDI....
...Toyota, too, is working on the same technique as it aims for a massive ramp-up of EV production....
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