|Bid||0.00 x 0|
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|Day's range||55.02 - 55.86|
|52-week range||49.45 - 58.36|
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Double Formula One world champion Fernando Alonso struck lucky with a second successive victory in the Le Mans 24 Hours race on Sunday with Toyota team mates Kazuki Nakajima and Sebastien Buemi. The number eight car crew, who were set for second until late drama, were also crowned world endurance champions with Nakajima driving the final stint and becoming the first Japanese to win a global FIA-sanctioned series.
Le Mans 24 Hours winners Toyota have committed to staying in the World Endurance Championship (WEC) after 2020 when rule changes come into force and the top category switches to hypercars. The Japanese manufacturer said in a statement before this weekend's race at Le Mans' Sarthe circuit that it would continue in 2021 with a hybrid-powered prototype based on the GR Super Sport road car. Defending champions Toyota will start on pole position on Saturday after sweeping the front row in qualifying for the third year in succession.
Beginning with model year 2020, Toyota will include automatic engine shut offand auto-park features in its new vehicles
With Tesla (TSLA) shares running out of gas in recent months, one shareholder says he’s never been more bullish on the company and its CEO Elon Musk. HyperChange CEO Galileo Russell is scooping up as many shares as he can with all of his available capital because - unlike some of the skeptics in this market - he really believes in the Tesla growth story.
The self-driving car joint venture of SoftBank Corp and Toyota Motor plans to begin operating in Southeast Asia next year, in its first overseas foray, its chief executive said on Tuesday. Monet, which is developing an on-demand self-driving service platform, is planning to export a basic version of the system, Chief Executive Junichi Miyakawa told Reuters. "Our first step will likely be to Southeast Asia, as applications like transportation services in smart cities, or airport shuttle systems," Miyakawa said, adding that Monet could begin introducing such services in 2020.
The self-driving car joint venture of SoftBank Corp and Toyota Motor plans to begin operating in Southeast Asia next year, in its first overseas foray, its chief executive said on Tuesday. The move would mark a shift for Japan's third biggest telco as it looks abroad for growth and potentially bring it into competition with portfolio companies of parent SoftBank Group Corp and its $100 billion Vision Fund, which has invested in major ride-hailing firms around the world. Monet, which is developing an on-demand self-driving service platform, is planning to export a basic version of the system, Chief Executive Junichi Miyakawa told Reuters.
The Big Three automakers are still under mounting pressure as more questions than answers linger over the tariff threats between the United States and Mexico.
Shares of Toyota Motor Corp. turned down 0.1% in morning trade Monday, reversing earlier gains of as much as 0.2%, after the automaker said May sales in North America rose 3.2% from a year ago to 222,174 vehicles, as car sales edged up 0.4% and truck sales grew 4.9%. The company said sales at its Toyota division rose 4.1% to 197,637 vehicles while Lexus division sales fell 3.4% to 24,537 vehicles. Within its Toyota division, car sales increased 1.2%, as a 20.8% rise in Camry sales offset a 13.1% drop in Corolla sales, and truck sales grew 5.9%, with Rav4 sales rising 13.9%. Within the Lexus division, car sales fell 7.7% and truck sales declined 1.3%. The stock has edged up 1.5% year to date, while the S&P 500 has advanced 10.1%.
Mexico is the largest source of U.S. vehicle and auto-parts imports, meaning tariffs would increase costs for virtually every major manufacturer. In late night tweets Thursday, Trump warned tariffs would start at 5% on June 10 and increase to 25% on Oct. 1 unless Mexico stops immigrants from entering the U.S. illegally.
Toyota Motor Corp said on Thursday it would launch a plant in Myanmar to manufacture Hilux pick-up trucks from 2021 as the Japanese automaker plans to locally assemble vehicles for the emerging nation ...
TOKYO (Reuters) - Toyota Motor Corp is considering investing about 60 billion yen ($550 million) in Chinese ride-hailing giant Didi Chuxing, the Nikkei business daily reported on Wednesday. Japan's top ...
Louay Eldada, a co-founder and chief executive of Quanergy Systems Inc., a startup company now valued at about $2 billion, is a bit fed up with Tesla’s Elon Musk.
The U.S. is threatening to raise auto tariffs and seeking more access to Japan’s agricultural market. The two countries won’t reach a trade deal before Trump and Abe meet on Monday, Japan Economy Minister Toshimitsu Motegi said Saturday following talks with his U.S. counterpart.
TOKYO (AP) — When President Donald Trump visits Japan, he'll be able to point to Tokyo's streets to drive home a sore point in trade relations between the allies: the absence of made-in-USA vehicles.
Toyota Motor's Japan Taxi, born in a government committee and designed to be an all-things-to-all-people cab, has become a high-priced icon of Tokyo's budget-busting 2020 Olympic and Paralympic Games. Launched in 2017, the indigo car is the realisation of a government project to put a taxi on Japan's roads that could carry wheelchair users, luggage-laden travellers and foreign visitors of all sizes. It includes a wheelchair ramp, heated seats, smartphone chargers, an array of anti-collision sensors and even virus-killing air conditioning.
Although the comments are unusually strong, the source of them is no surprise: Toyota President Akio Toyoda is also chairman of JAMA, the influential trade group. “We are dismayed to hear a message suggesting that our long-time contributions of investment and employment in the U.S. are not welcomed,” Toyoda said in a statement Tuesday. The unusually sharp-worded statements reflect rising concern on the part of Japan’s all-important auto sector ahead of Trump’s state visit later this week.
Toyota Motor Corp last month announced two deals in China that were small in size but large in strategic planning. The technology transfers represent gestures of goodwill to Beijing by the Japanese automaker, which wants to "step on the accelerator in China" as CEO Akio Toyoda told an internal management group, according to minutes of meetings on March 19 and April 23 viewed by Reuters. Announcing U.S. investment first was a strategy Toyoda felt the company needed to pursue to avoid U.S. President Donald Trump's wrath, the minutes showed - providing a rare window into how it has sought to tread carefully as the United States and China battle for investment, jobs and influence in the global economy.
The U.S. Commerce Department called automotive imports a threat to national security—a decision that gives President Donald Trump the right to “adjust” imports.
Japan's automakers' lobby said on Tuesday it was dismayed by President Donald Trump's declaration that some imported vehicles and parts posed a threat to U.S. national security, as the industry braces for a possible rise in U.S. tariffs. Trump made the unprecedented designation of foreign vehicles on Friday but delayed for up to six months a decision on whether to impose tariffs to allow for more time for trade talks with Japan and the European Union. "We are dismayed to hear a message suggesting that our long-time contributions of investment and employment in the United States are not welcomed," said Akio Toyoda, chairman of the Japan Automobile Manufacturers Association.