Latest Toyota Motor Corp News

FILE - In this May 3, 2017, file photo, a farmer gathers grass for livestock in Hirado, Nagasaki Prefecture, southwestern Japan. Among the challenges awaiting newly appointed Japanese Prime Minister Yoshihide Suga is the urgent challenge of how to keep the world’s third-largest economy growing as its population ages and shrinks. (AP Photo/Eugene Hoshiko, File)

End of Abe era leaves Japan still searching for way forward

Sep. 16, 2020 9:31 AM EDT

MITO, Japan (AP) — Among the challenges awaiting newly appointed Japanese Prime Minister Yoshihide Suga is the urgent challenge of how to keep the world’s third largest economy growing as its population ages and shrinks. Yoshihide Suga, Abe’s former chief spokesman, was appointed prime...

This photo taken at the beginning of August, 2020 and released by ©SkyDrive/CARTIVATOR 2020, shows a test flight of a manned '

Japan's 'flying car' gets off ground, with a person aboard

Aug. 28, 2020 5:28 AM EDT

TOKYO (AP) — The decades-old dream of zipping around in the sky as simply as driving on highways may be becoming less illusory. Japan’s SkyDrive Inc., among the myriads of “flying car” projects around the world, has carried out a successful though modest test flight with one person...

This photo provided by FCA shows the Chrysler Pacifica Hybrid, a plug-in hybrid minivan that has both a gasoline engine and hybrid system. It can drive for around 30 miles on electricity alone. (Courtesy of Fiat Chrysler via AP)

Edmunds: Is it time for a plug-in hybrid vehicle?

Aug. 26, 2020 6:00 AM EDT

Plug-in hybrid electric vehicles — typically abbreviated as PHEVs — make up a very small percentage of vehicle sales, but they can be a smart pick for a certain kind of shopper. Consider this scenario: You want to buy a significantly more fuel-efficient vehicle than what you have now but...

This photo provided by Chevrolet shows the 2020 Chevrolet Blazer, an example of a vehicle that is priced high enough on the used market that it makes sense to take a hard look at the new model. (Jessica Lynn Walker/Courtesy of Chevrolet via AP)

Edmunds: When to buy new instead of used

Aug. 19, 2020 6:00 AM EDT

A rule of thumb for car buying is that a used vehicle will provide greater savings and better value than a new vehicle. But “better value” isn’t applicable to every car, especially right now. COVID-19′s effect on the auto industry has been twofold. For one, shoppers are aiming to...

Women wearing face masks to help protect against the spread of the coronavirus talk to each other at the Gyeongbok Palace in Seoul, South Korea, Monday, Aug. 17, 2020. South Korea counted its fourth straight day of triple-digit increases in new coronavirus cases Monday as the government urged people to stay home and curb travel. (AP Photo/Ahn Young-joon)

Asia Today: South Koreans urged to stay home as cases jump

Aug. 17, 2020 2:58 AM EDT

SEOUL, South Korea (AP) — South Korea counted its fourth straight day of triple-digit increases in new coronavirus cases Monday as the government urged people to stay home and curb travel. The government had drawn up a special holiday on Monday with hopes of spurring domestic consumption. But as infections...

Mazda-Toyota boosts investment in Alabama plant by $830M

Aug. 13, 2020 6:35 PM EDT

HUNTSVILLE, Ala. (AP) — Mazda Toyota Manufacturing, the new joint-venture between the two auto companies, on Thursday announced an additional $830 million investment in its new Alabama plant. Gov. Kay Ivey said in a news release that the investment in the new auto facility is now $2.3 billion, up from the...

FILE - People pass the New York Stock Exchange, Thursday, July 30, 2020.  Wall Street is stalling on Friday, Aug. 7 as a whirlwind of worries about rising U.S-China tensions and whether Congress can deliver more aid for the economy threaten to halt its big run.(AP Photo/Mark Lennihan)

S&P 500 ekes out 6th straight gain following jobs report

Aug. 7, 2020 5:32 PM EDT

NEW YORK (AP) — Wall Street’s big rally let off the accelerator on Friday, despite a better-than-expected report on the U.S. job market, amid worries about worsening U.S.-China tensions and whether Washington can deliver more aid for the economy. The S&P 500 inched up 2.12 points, or 0.1%, to...

A currency trader smiles at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Aug. 7, 2020. Asian shares were mostly lower Friday in lackluster trading, as the region weighed continuing trade tensions over China and optimism about more fiscal stimulus for the ailing U.S. economy. (AP Photo/Ahn Young-joon)

Asian shares skid amid virus woes, China-US trade tensions

Aug. 7, 2020 12:06 AM EDT

TOKYO (AP) — Asian shares were mostly lower Friday in lackluster trading, as trade tensions between the U.S. and China offset optimism about more fiscal stimulus for the ailing U.S. economy. Investors were also awaiting a U.S. report on jobs later Friday for another gauge of the economic fallout from the...

A health worker wearing a protective suit checks chairs before they open a free COVID19 swab testing at a gymnasium in Navotas city, Philippines on Thursday, Aug. 6, 2020. The capital and outlying provinces returned to another lockdown after medical groups warned that the country was waging a losing battle against the coronavirus amid an alarming surge in infections. (AP Photo/Aaron Favila)

Asia Today: Central Japan region put under virus emergency

Aug. 6, 2020 7:42 AM EDT

TOKYO (AP) — A governor in central Japan announced a state of emergency Thursday because of rising virus cases and asked businesses and people to curb activities, especially during an upcoming holiday. Aichi prefecture has been seeing more than 100 new infections a day since mid-July after an extended...

FILE - In this Jan. 30, 2020, file photo, a visitor stands by the logo of Toyota Motor Corp. at its showroom in Tokyo. Toyota’s April-June profit plunged 74% as the coronavirus pandemic crushed vehicle sales to about half of what the top Japanese automaker sold the previous year, reported Thursday, Aug. 6, 2020. (AP Photo/Eugene Hoshiko, File)

Toyota's profit plunges as pandemic halves vehicle sales

Aug. 6, 2020 2:32 AM EDT

TOKYO (AP) — Toyota’s profit plunged 74% in the last quarter as the coronavirus pandemic sank vehicle sales to about half of what the top Japanese automaker sold the previous year. Toyota Motor Corp. reported on Thursday a profit of 158.8 billion yen ($1.5 billion) in April-June, down from 619...