Toyota-affiliate Daihatsu rigged safety tests of 88,000 vehicles

Japan announces $1.8B in subsidies for storage battery, chip projects

Industry Minister Yasutoshi Nishimura announced Friday that Japan will provide as much as $1.8 billion in subsidies for a slate of storage battery and chip-related projects, marking Tokyo's latest push towards greater supply chain security.

The Japanese government plans to give up to 184.6 billion yen ($1.38 billion) in subsidies for eight storage battery-related proposals and up to 56.4 billion yen for two semiconductor-related projects,... More

Toyota (TM) inches past production goal, warns of lingering chip shortage

Japan's Toyota Motor (NYSE: TM) said Thursday that the Japanese automaker has produced 9.13 million vehicles in the 12 months through March 31, a fraction ahead of its target, though that goal was downgraded twice from an initial goal for the year of around 9.7 million amid industry... More

Joby Aviation (JOBY) and Toyota (TM) Expand Partnership with Long-Term Supply Agreement for Key Powertrain and Actuation Components

Joby Aviation, Inc. (NYSE: JOBY), a company developing all-electric aircraft for commercial passenger service, today announced it has signed a long-term agreement with Toyota Motor Corporation Inc. (NYSE: TM) to supply key powertrain and actuation components for the production of the Companys aircraft.

The agreement builds on the long-standing partnership between Joby and Toyota, which has seen the two companies collaborate on a wide variety of projects to support the production and assembly of the Joby aircraft, including advising on the design of Jobys pilot... More

Hyundai plans Russian exit, negotiates sale of factories

South Korean media reports Wednesday that automaker Hyundai Motors is planning to exit Russia and sell its manufacturing plants.

South Korean TV network MBC reported that negotiations to sell Hyundai's factories in Russia are in the final stage, adding that the automaker has been waiting for a final... More