toyota motor corp.
Dec 8, 2023, 3:59 PM EDT
Members of the United Auto Workers union voted to ratify new labor contracts with Ford and Stellantis that will boost wages and benefits while running through April 2028.
Elon Musk tried to enter the Indian market in 2021 but pushed for a decrease in import taxes on electric vehicles, which the government initially resisted but now looks to implement.
Toyota Motor announced Wednesday the recall of 1.85 million RAV4 SUVs in the U.S. over fire risks reportedly posed by replacement batteries.
Toyota announced a voluntary safety recall for nearly two million RAV4 vehicles between the model years of 2013 and 2018 on Wednesday, due to fire risk regarding batteries.
Toyota is developing a "manual EV" that will simulate gear shifting with a faux stick-shift, clutch and even virtual revving sounds to replicate manual transmission.
Toyota has announced a plan to launch 10 new electric vehicles by 2026 with the goal of increasing EV production to 1.5 million vehicles annually.
The Tesla Model Y and Model 3 were the two best selling vehicles in California last year, while Tesla was number two behind Toyota in total sales.
Toyota's president and CEO Akio Toyoda will step aside to become chairman, while Koji Sato, who has been leading the Lexus luxury division and Toyota motor racing, will take over.
Toyota president Akio Toyoda is speaking out against the industry's push to go electric exclusively, saying some are afraid to say what he is saying about electric vehicles.
Toyota President Akio Toyoda said he did a "happy dance" after the company outsold General Motors in the U.S. in 2021 and remains steadfast in its future plans.