Toyota news covering global sales, hybrid and EV strategy, Lexus, production, and Toyota's position in the transition to electric vehicles.
Toyota Motor reported first-half GAAP earnings per share of ¥185.97 and revenue of ¥26.96 trillion, a 9.5% year-over-year increase. The automaker raised its full-year fiscal 2027 financial forecast following this strong half-year performance, despite facing headwinds like rising interest rates and plummeting car sales in China.
Toyota Motor Corp. created a new robotics department led by Takefumi Shiga to streamline robot development and deployment. This consolidation aligns the Japanese automaker with global rivals investing heavily in robotic technology.
A proposed class action lawsuit alleges Toyota knowingly sold newer Camry and Corolla Cross Hybrids with defective inverter bolts. Plaintiffs claim the defect caused power loss or fire risks and accuse the automaker of delaying necessary recalls.
The Globe and Mail advises Canadian car owners against mandatory rustproofing, noting Toyota warranties do not require it. Experts suggest aftermarket treatments risk voiding coverage if improper installation causes damage, recommending the service only for long-term vehicle ownership to mitigate corrosion risks.