1 million Toyota, Lexus, and Subaru cars are being recalled: Here’s the reason
The National Highway Traffic Safety Administration (NHTSA) has announced a recall affecting over 1 million vehicles from Toyota, Lexus, and Subaru. This includes models from 2022 through 2026 that are fitted with the Panoramic View Monitor (PVM) system. A software issue could potentially cause the rearview camera to freeze or go blank while reversing, which […]
Toyota commits $10 billion to new car factories in the US
TOKYO — President Trump revealed that Toyota plans to invest $10 billion in new manufacturing plants within the United States during a speech to the crew of the USS George Washington in Tokyo Bay. In his address, which emphasized trade and economic agreements during his trilateral tour, Trump mentioned that Japanese Prime Minister Sanae Takaichi […]
Toyota, Yamaha, and BYD embrace Tether in Bolivia amid decreasing USD reserves
International Automakers Adopt Crypto in Bolivia Three leading global vehicle manufacturers are now accepting Bolivian tethers, a significant move that connects to the challenges posed by dwindling US dollar reserves and highlights a broader shift toward cryptocurrency in Latin America. According to Tether CEO Paolo Ardoino, Toyota, Yamaha, and Bide are accepting tethers (USDT) for […]
Toyota is recalling almost 600,000 cars to repair a faulty warning panel.
Toyota is recalling 591,377 vehicles because of an issue with the crucial instrument panel featured in the 12-inch display behind the steering wheel. As stated by the automaker: The 12.3-inch display might not function properly at startup. If the display is blank, it can hinder the visibility of important malfunction indicators. If a malfunction occurs […]
Toyota estimates that Trump’s tariffs will result in a $1.3 billion loss in two months.
Toyota issued a report on Thursday estimating that the significant tariffs proposed by President Trump, including those on automobile imports, could lead to a $1.3 billion drop in profits for the months of April and May. This year, Trump suggested a 25% tariff on imported vehicles and auto parts. Being a Japanese-owned entity, Toyota will […]
Toyota reports that tariffs are already affecting business as it looks to the future.
Toyota’s Financial Outlook Amid Tariff Concerns Curtis S. Chin, the international chairman of the Milken Institute, emphasized the significance of fostering “sustainable” trade ties between the United States and China. His recent travels included a visit to Saudi Arabia, a destination soon to be visited by President Donald Trump as well. Toyota’s executives are expecting […]
Toyota weighs making RAV4 SUV in the US to avoid tariffs: report
Toyota has emerged as the latest automaker to rethink its production plans to avoid President Trump’s strict tariffs, according to the report. In addition to manufacturing in Canada and Japan, Japanese companies are weighing the next version of their top-selling RAV4 SUV at their Kentucky factory. Toyota originally planned to discard production in Kentucky, RAV4 […]
BMW, Toyota and Boeing among eight companies racing to put first ‘flying car’ on the market
The future is now. Popular car manufacturers, including Honda, Hyundai and BMW, are racing to launch a new flight model for a new trip to the market on take -off clients. The new category of the aircraft is called EVTOL. This is the initials of “Electric vertical take -off and landing”, referring to the vehicle […]
Toyota announces move into rocket launches at CES 2025 with $45M investment
Toyota Motor Corporation is investing about $45 million to enter the space industry, and insists it's not just “one car company” considering a rocket launch. On Monday, during CES 2025, a major technology trade show in Las Vegas that brings together the latest equipment, Chairman Akio Toyoda announced that the automaker will invest $44.4 million, […]
Toyota plans to make over $44 million investment in rocket company
See what's being clicked on FoxBusiness.com. Toyota's mobility subsidiary will invest $44.3 million in the Japanese rocket company. Rocket company Interstellar Technologies (IST) will receive Toyota's multi-million dollar investment “by the first close” of its Series F financing, the rocket company announced Tuesday. The company also announced a “business partnership” with Toyota Motor Corporation. IST […]