Toyota Supercharges North Carolina Battery Plant with New $8 Billion Investment
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UAW eyes Toyota (TM) as a target for unionization
November 2, 2023 1:54 PM EDTLeaders at the United Auto Workers (UAW) union signaled Thursday that they intend to further leverage the union's recent achievements in negotiations with the Detroit Three by organizing drives at Toyota (NYSE: TM), Tesla (NASDAQ: TSLA) and other nonunion U.S. auto factories.
Toyota Decided, following the concessions made by... More
Toyota (TM) to test EV pickup in Thailand
November 2, 2023 9:25 AM EDTToyota (NYSE: TM) executives announced, Thursday, plans to conduct trials for a new electric pick-up truck in Thailand. This move represents the company's ongoing endeavors to strengthen electric vehicle sales in the region, as it faces mounting competition from Chinese counterparts that are challenging its market position.
EVP of Toyota Daihatsu Engineering & Manufacturing, Pras Ganesh said that the automaker will trial a small number of EV pickups in the coastal... More
Toyota (TM) to raise wages of US workers following UAW labor deals
November 1, 2023 2:06 PM EDTToyota Motors (NYSE: TM) announced Wednesday that the Japanese automaker will raise the wages of the companys nonunion U.S. factory workers. The announcement comes just days after the United Auto Workers (UAW) union won major pay and benefits enhancements from Detroit's three biggest... More
Toyota (TM) to invest additional $8B in North Carolina EV battery plant
October 31, 2023 11:07 AM EDTToyota Motor (NYSE: TM), on Tuesday, announced that the Japanese automaker will make an additional $8B investment alongside the creation of approximately 3,000 new jobs, at its North Carolina electric-vehicle battery production facility.
The investment amplifies the Japanese automaker's efforts to transition... More
