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...GMO, which has $60bn in assets under management, has held shares for 13 years in Toyota Industries (TIC), the world’s largest manufacturer of forklift trucks and also a producer of cars, textiles and electronics...
...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...
...If successful, Toyota expects its electric cars powered by solid-state batteries to have a range of 1,200km — more than twice the range of its current EVs — and a charging time of 10 minutes or less....
...Rising sales of hybrid cars boosted Toyota’s third-quarter results, helping it raise its full-year profit forecasts and vindicating the company’s bet on the technology....
...But what if BYD, mostly known for its affordable EVs, wants not only to cut into Tesla’s market share, but to challenge the world’s two biggest automakers, Toyota and Volkswagen?...
...Toyota Motor has topped the world’s carmaker rankings. It sold the most passenger cars in the world last year, keeping its position ahead of Volkswagen....
...“Toyota doesn’t do this stuff out of the kindness of their hearts,” said Paul Hohenshell, a production worker with 25 years of service....
...Toyota chair Akio Toyoda has said he takes full responsibility for a spate of scandals at some of the group’s closest affiliates and will “take action” as the world’s largest carmaker by sales tries to regain...
...The shift in the market has already strengthened Toyota’s bottom line: sales of hybrids at the world’s largest carmaker climbed by almost 1mn to 3.4mn last year, helping the company raise its forecast for...
...Rising sales of hybrid cars helped Toyota beat estimates in the third quarter as the world’s largest automaker raised full-year profit forecasts and provided further vindication of its bet on the technology...
...Back at Newton Aycliffe, Hitachi is still building trains but only has about 12 months of work left....
...Koji Sato, who only took over as Toyota chief executive in April, promises Toyota will reveal plans for an overhaul of Daihatsu next month, hinting it could potentially take in the governance structure of...
...Share prices reflect the differing positions of the carmakers. Shares of Toyota have doubled in the past year and trade at 11 times forward earnings, about double that of Nissan....
...Moreover, Toyota Tsusho, the trading arm of the Toyota Group, is one of the start-up’s investors. “Toyota affiliates have a strong presence in the community, and their actions can have an impact....
...Daihatsu accounted for 7 per cent of Toyota’s global revenues from 9.2mn vehicles sold during the first 10 months of the year....
...Toyota is aiming for as early as 2027, Nissan the year after and Honda by the end of the decade....
...Global production for Toyota, the world’s biggest carmaker by sales, has reached an all-time annual high with one month left of 2023, in a vindication of a strategy often criticised for not putting enough...
...Newton Aycliffe manufacturing facility....
...Smaller companies play a big role in Japan’s electric vehicle battery supply chain, indirectly supporting the likes of Toyota Motor and Tesla....
...A career economist, Newton-Smith left the CBI for Barclays bank in March before unexpectedly returning one month later as boss of the group while it battled to remain the self-styled “voice of business”....
...Toyota more than doubled its operating profit in the second quarter on the back of a weak yen and strong sales, helping to send shares up as much as 6 per cent on Wednesday....
...A Toyota advert showing a large number of pick-up trucks driving across a river has been banned by the UK’s advertising regulator on environmental grounds because it shows the vehicles driving off-road....
...The stake is one of a web of interconnected equity holdings that Toyota holds across more than 35 suppliers and affiliate automakers....
...After boosting earnings by ¥260bn in its first half, Toyota expects the benefits to hit ¥1.18tn by the end of the fiscal year....
...Toyota, the world’s biggest carmaker by annual unit sales, has laid out plans to sell 3.5mn battery powered vehicles every year from 2030....
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