Japan’s car exports continued to plunge in October, seeing a 36.7 percent fall from a year earlier amid parts and semiconductor shortage that led domestic automakers to reduce production, government data showed Wednesday. Although the pace of decline slowed from a 40.3 percent fall in the previous month, it was the second straight monthly fall…
New car sales of Japan’s Toyota Motor Corp. in China plunged in September, the manufacturer said Monday, highlighting that its business in the country has become sluggish against a backdrop of semiconductor shortages. Sales in China for Toyota, Japan’s largest automaker, fell 35.9 percent from a year earlier to 115,000 units last month, after decreasing…
Toyota Motor Corp remained the world’s best-selling automaker with a record 5.47 million vehicles sold in the first six months of 2021, outpacing German archrival Volkswagen AG, the Japanese company’s data showed Thursday. It is the second year in a row that Toyota has been the world’s top automaker in the first half, underscoring its…
Manufacturers and tech players are itching to be untangled from a web of challenges fomenting a global chip shortage that have derailed their production, but those looking to be set free are in for a bit of a wait. In fact, some automakers fear they may have to live with the problem for years…
Toyota posts $20 billion profit for FY2020 Japan’s Toyota Motor Corporation says the group’s net profit for the business year that ended this March rose to 2.2 trillion yen or approximately 20 billion dollars. Toyota revealed the figure in a financial summary that was released on Wednesday. The automaker’s production lines and sales were temporarily…
Nissan Motor Co. said Wednesday it will sell its entire stake in German automaker Daimler AG for 1.15 billion euros ($1.38 billion) and invest the acquired funds in such areas as promoting automotive electrification, in a bid to step up its global competitiveness. The shares to be sold would account for about 1.5 percent…
