Akio Toyoda

Toyota Industries Corp. on Thursday said it has decided to establish a new subsidiary in the United States to produce compressor parts for automobile air conditioners. The company will invest 28 billion yen (363mln dollars) in the subsidiary to produce fuel-efficient compressors in the United States instead of their exports from Japan to cope with the strong yen. Toyota Motor Corp. President Akio Toyoda said it “doesn’t make sense” at the current yen rate to export compact cars. “So...Read Full Story

YURI KAGEYAMA AP Business Writer TOKYO Toyota's president unveiled a futuristic concept car resembling a giant smartphone to demonstrate how Japan's top automaker is trying to take the lead in technology at the upcoming Tokyo auto show. Toyota Motor Corp. will also be showing an electric vehicle, set for launch next year, and a tiny version of the hit Prius gas-electric hybrid at the Tokyo Motor Show, which opens to the public this weekend...Read Full Story

TOKYO -- President Akio Toyoda of Toyota Motor Corp. is beginning to change the tradition of self-reliance of the company. Toyoda agreed this month to equip some Toyota cars with BMW AG diesel engines, building on an earlier deal to use Tesla Motors Inc. battery packs in future electric vehicles. Before the grandson of the founder became president, Toyota had not purchased such core technologies from other carmakers, said Shiori Hashimoto, a spokeswoman at the carmaker. The alliances...Read Full Story

  Posted by Harinder Sharma TOKYO -- President Akio Toyoda of Toyota Motor Corp. is beginning to change the tradition of self-reliance of the company. Toyoda agreed this month to equip some Toyota cars with BMW AG diesel engines, building on an earlier deal to use Tesla Motors Inc. battery packs in future electric vehicles. Before the grandson of the founder became president, Toyota had not purchased such core technologies from other carmakers, said Shiori Hashimoto, a spokeswoman at the...Read Full Story

Tokyo: Toyota’s president unveiled a futuristic concept car resembling a giant smartphone to demonstrate how Japan’s top automaker is trying to take the lead in technology at the upcoming Tokyo auto show. Toyota Motor Corp. will also be showing an electric vehicle, set for launch next year, and a tiny version of the hit Prius gas-electric hybrid at the Tokyo Motor Show, which opens to the public this weekend. But the automaker’s president, Akio Toyoda, chose to focus on the experimental...Read Full Story

TOKYO: Toyota's president unveiled a futuristic concept car resembling a giant smartphone to demonstrate how Japan's top automaker is trying to take the lead in technology at the upcoming Tokyo auto show. Toyota Motor Corp. will also be showing an electric vehicle, set for launch next year, and a tiny version of the hit Prius gas-electric hybrid at the Tokyo Motor Show, which opens to the public this weekend. But the automaker's president, Akio Toyoda, chose to focus on the...Read Full Story

Read More:- Akio Toyoda Akio Toyoda , Not long ago, Nissan’s foreign-born CEO, Carlos Ghosn, was a Japanese sensation. The charismatic leader swooped in to save a national icon from bankruptcy. And he soon was hailed the rock star CEO by a doting public and glorified as the hero in a comic book series. Now Akio Toyoda — president of rival Toyota Motor Corp. and grandson of that company’s founder — is quickly emerging as a celebrity CEO in his own right. Consider his reception last...Read Full Story

Read More:- Toyota 86 Coupe Not Fun Image Toyota 86 Coupe Not Fun Image , Toyota Motor Corp. introduced its new 86 coupe on Sunday, betting that the 200-horsepower sports car will widen the Japanese automaker’s appeal beyond its best- selling Camry sedan and Prius hybrid. The rear-wheel-drive 86 will be available in the northern hemisphere spring next year, according to the Toyota City, Japan-based company. Pricing details will be released closer to the sale date. Toyota, poised to lose the...Read Full Story

Toyota CEO Akio Toyota has said all models produced by the Japanese company must be fun to drive in the future. Present at the Tokyo motor show for the unveiling of the GT 86 coupe, Toyota said: “I belive if it is not fun then it is not a car. There are many different ways of travelling from A to B, but a car must have an emotional presence that inspires drivers to enjoy the feeling of driving.” The CEO also said that the increasing emphasis on environmental driving should not affect...Read Full Story

Thailand’s four-month-old flood crisis began to ease and a large number of automotive suppliers and part makers are trying to restart production. In addition, water is currently being pumped out of four of the seven affected industrial parks. Based on parts availability, Toyota’s North American vehicle plants will continue operating on a normal production schedule the weeks of Nov. 21 and Nov. 28, including overtime. Toyota will also operate previously scheduled Saturday production at...Read Full Story