Tag: #Toyota
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BMW Announces switch from EVs to Hydrogen Engines
German automobile manufacturer and conglomerate BMW (Bayerische Motoren Werke AG) has announced it is switching from EVs (Electric Vehicles) to Hydrogen engines, claiming to have solved the problem. The move stands to show that although EV manufacturers hope to dominate the automobile industry by 2030, they have a likely contender in the form of BMW’s…
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Toyota to halt vehicle production and imports in Russia
Toyota Motor Corp will halt production at its Russian factory from Friday while vehicle imports into the country have also stopped indefinitely due to supply chain disruptions
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Toyota, Domino’s among companies forced to apologize after Kashmir Solidarity posts
Global automaker Toyota Motor and fast food chain Domino’s Pizza are among half a dozen companies that have apologised for social media posts from their Pakistani partners expressing support for IIOJK
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Indus Motors Announces $100 million Investment in Hybrid Vehicles
Indus Motors is soon to develop the first local hybrid electric vehicle, announcing a $100 million dollar investment for the task. The current government’s auto policy has at last begun to show significant results. According to reports, Toyota Indus Motors, a subsidiary of Toyota, has announced a $100 million investment for hybrid electric vehicles in…
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PAMA Releases Monthly Report for July Car Sales
The Pakistan Automotive Manufacturers Association (PAMA) has released the monthly car sales report for July 2021. Overall, the car industry had outstanding sales last month. According to data released by the PAMA, passenger car sales surged 104% across the country in July 2021, with analysts crediting the spike to an auto-friendly policy and resumption of…
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Toyota cancels Tokyo 2020 commercials as top sponsor
Japan’s top automaker pulls TV advertisements from event overshadowed by rising COVID infections and low public support
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Toyota apologizes in settlement over harassment suicide
Toyota has apologized and pledged to handle work environment harassment after settling with the family of a employee who committed suicide
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Multinationals call on G7 to coordinate digital policy
A group of 25 major corporations called for the G7 to establish a body to coordinate global rules on digital public policy
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Toyko stocks open lower with eyes on Toyota earnings
Tokyo, Feb 10 (AFP/APP):Tokyo stocks opened lower on Wednesday after a mixed close on Wall Street, as investors awaited Toyota’s earnings report due later in the trading day. The benchmark Nikkei 225 index was down 0.32 percent or 92.99 points at 29,412.94 in early trade, while the broader Topix index edged down 0.22 percent or…
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The Japanese automaker has seen solid demand return in its U.S. and Chinese markers
TOKYO, Feb. 10 (Xinhua/APP):Toyota Motor Corp. said on Wednesday that it had raised its earnings forecast for fiscal 2020 (April 1, 2020-March 31, 2021), with a projected net profit of 1.90 trillion yen (18.17 billion U.S. dollars) as the Japanese automaker has seen solid demand return in its U.S. and Chinese markers despite the ongoing coronavirus pandemic.…