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Toyota Motor Corporation and Tesla Motors, an automaker specialising in electric vehicles including the full-electric Tesla Roadster, have formed a strategic alliance to cooperate on the development and production of electric vehicles. The deal involves Toyota investing USD 50 million in Tesla, while ...
Seow Yaohan | May 12, 2010
Toyota has showed its resilience by achieving a net profit of 112.2 billion yen (USD 1.2 billion) in the three months up till March 31, compared to a net loss of 765.8 billion yen (USD 8.2 billion) a year earlier. Sales increased ...
Seow Yaohan | February 8, 2010
In the face of unprecedented events—the massive recall and Toyota Prius' brake issue, that is—Toyota Motor President and CEO Akio Toyoda made a formal apology in his first public appearance since the media storm started two weeks ago. But, ironically, the Japanese media were ...
Seow Yaohan | February 2, 2010
Akio Toyoda's worst nightmare is playing out in real life. Toyota USA had to recall 4.2 million cars in November 2009 and 1.1 million more on January 26 due to floor mats that could trap accelerator pedals, potentially causing accidents. To make things worse, a ...
Seow Yaohan | November 5, 2009
The end is finalised. Toyota has confirmed its departure from Formula One with immediate effect. The report that emerged from Japan yesterday unfortunately turns out to be true. Toyota is pulling out of F1 completely, despite having signed the Concorde Agreement that should ...
Seow Yaohan | November 4, 2009
Yet another big boy is leaving Formula One, and it is Toyota, according to Japanese newspaper Mainichi. Toyota has yet to confirm or deny this rumour, but the report says the official confirmation will emerge on November 8th. If it turns out ...
Seow Yaohan | October 4, 2009
You know the global economy is not doing well when the world's top automaker, Toyota, worries for its own future. Toyota Motor Co. president Akio Toyoda said that the company he took over three months ago is “grasping for salvation”. And that Toyota ...
Seow Yaohan | June 26, 2009
Akio Toyoda, the grandson of Toyota founder Kiichiro Toyoda, has taken over as the president of Toyota Motor Corporation. But he does not seem to be in a celebratory mood, warning at his first news conference that “the new Toyota sets sail in ...
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