Latest Toyota Motor Corp News

Toyota profit down as chips shortage keeps customers waiting

Aug. 04, 2022 02:18 AM EDT

TOKYO (AP) — Toyota’s profit fell nearly 18% in the April-June quarter from the year before, as a semiconductor shortage that has slammed the auto industry dented production at Japan’s top automaker. Toyota Motor Corp. reported Thursday a quarterly profit of 736.8 billion yen...

Nintendo's profit rises despite shortages of computer chips

Aug. 03, 2022 05:01 AM EDT

TOKYO (AP) — Nintendo’s profit in the April-June quarter rose 28% from a year earlier on healthy demand for its games, although its console sales were dented by a shortage of semiconductors. The Japanese video game maker behind the Super Mario and Pokemon franchises said...

Japan truckmaker Hino says emissions data faked for 20 years

Aug. 02, 2022 05:45 AM EDT

TOKYO (AP) — Hino Motors, a truck maker that’s part of the Toyota group, systematically falsified emissions data dating back as far back as 2003, according to the results of an investigation released Tuesday. President Satoshi Ogiso bowed deeply at a hastily called news...

Nissan's profits plunge on COVID lockdown, chips crunch

Jul. 28, 2022 05:04 AM EDT

TOKYO (AP) — Japanese automaker Nissan's profit plunged in the last quarter to less than half of what it was a year earlier as the COVID-19 lockdown in China and a global semiconductor shortage slammed production. Nissan Motor Co. reported Thursday that its April-June net profit...

Toyota's Japan flagship Crown car to debut on global markets

Jul. 15, 2022 04:30 AM EDT

TOKYO (AP) — Toyota’s flagship model in Japan, the Crown, is going on sale around the world for the first time, including in the U.S. “I’m so excited to announce today that this new Crown family of vehicles will be offered not just in Japan but globally for the very first...

Edmunds: The Best Hybrid Pickup Trucks in 2022

Jul. 13, 2022 06:33 AM EDT

The average national price for gasoline has gone up almost $2 over the past year, according to the U.S. Energy Information Administration. That’s not good news for some of the thirstiest vehicles on the road: pickup trucks. But there is a relatively new option if you’re looking to save on gas:...

Chip shortage keeps driving up auto prices, cutting sales

Jul. 01, 2022 16:26 PM EDT

DETROIT (AP) — U.S. new vehicle sales tumbled more than 21% in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production problems for the industry. Yet demand still outstripped supply from April through June, even with $5 per...

Toyota recalls electric car for faulty wheel that may detach

Jun. 24, 2022 06:14 AM EDT

TOKYO (AP) — Toyota is recalling 2,700 bZ4X crossover vehicles globally for wheel bolts that could become loose, in a major setback for the Japanese automaker’s ambitions to roll out electric cars. Toyota Motor Corp. said Friday the cause is still under investigation, but the...

Data likely shows Teslas on Autopilot crash more than rivals

Jun. 14, 2022 14:10 PM EDT

DETROIT (AP) — The government will soon release data on collisions involving vehicles with autonomous or partially automated driving systems that will likely single out Tesla for a disproportionately high number of such crashes. In coming days, the National Highway Traffic Safety...

Automakers ask Congress to lift electric vehicle tax cap

Jun. 13, 2022 14:30 PM EDT

NEW YORK (AP) — Major automakers are asking Congress to lift the cap on how many people can receive tax credits for buying a hybrid or fully electric vehicle. Currently the number of tax credits allowed is capped at 200,000 per company. General Motors and Tesla have already reached...