Back in 2017, Toyota said that it would invest at least $10 billion over the course of the next five years in its U.S. manufacturing presence. Now, the Japanese automaker is saying it will exceed that goal in announcing a new commitment of $13 billion in the same timeframe.
March 15, 2019toyota News Updates
Toyota Boosts Investment in US Manufacturing to $13 Billion, Adds Another 600 Jobs
US Tariffs Could Wreak Havoc on Auto Industry, Toyota President Says
Toyota Motor Corp. President Akio Toyoda called on President Donald Trump to make a “careful and appropriate decision” on whether car imports to the United States are a national security threat, and potentially impose tariffs, to avoid possible ripple effects across the industry.
February 21, 2019Toyota Acquires Chicago-based Hoist Liftruck
Toyota Industries North America has acquired Chicago-based Hoist Liftruck Manufacturing. The company will be renamed Hoist Material Handling.
February 19, 2019Mainstream Car Models More Dependable Than Luxury Brands, Survey Shows
Prospective buyers planning to splurge on a luxury car may want to reconsider. Mass-market brands now are more reliable than premium models.
February 13, 2019Kenworth, Toyota Partner to Develop 10 Hydrogen-Electric Trucks
LAS VEGAS — Kenworth Truck Co. and Toyota are collaborating to develop 10 hydrogen-electric tractors for drayage operations in the Los Angeles basin, the companies announced.
January 10, 2019Toyota Invests $500 Million in Uber
Toyota Motor Corp. is expanding an alliance with Uber Technologies Inc. through a new investment and a plan to get self-driving cars on the road, a person familiar with the matter said.
August 27, 2018Toyota Logs Record Quarterly Profit, Cuts Full-Year Sales Outlook
TOKYO — Toyota Motor Corp. logged a better than expected performance in the last quarter, reporting Aug. 3 that its quarterly profit jumped 7.2% to a record 657.3 billion yen ($5.9 billion), thanks to strong sales in the United States and other overseas markets.
August 3, 2018Toyota to Build Autonomous Vehicle Testing Site in Michigan
Toyota announced plans May 3 to build its own autonomous vehicle testing site within the Michigan Technical Resource Park, a privately operated automotive proving grounds.
May 4, 2018AirFlow Truck Co., Toyota Highlight Class 8 Technology at Shell’s ‘Make the Future’ Event
SONOMA, Calif. — Equipment manufacturers showcased new fuel-efficient Class 8 tractor technology here during Shell’s “Make the Future” event at the Sonoma Raceway on April 20.
April 23, 2018Toyota Talks Self-Driving Cars and the Real Reason the Automaker Suspended Testing
When a woman crossing an Arizona street was struck and killed by a self-driving Uber car late last month, it sparked a swift public reckoning over the near-term future of autonomous vehicle testing on public roads.
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