Tesla’s per-car earnings generated eight times as much profit as Toyota in an analysis of July through September sales, according to a report from Nikkei. The news of the profit difference comes even though Toyota outsold Tesla by over seven to one, and it marks the first time the U.S. automaker has overtaken the Japanese […]
Toyota is looking to reboot its electric vehicle (EV) strategy to better compete with other automakers including the likes of Tesla, according to four sources familiar with the plans, reports Reuters. The sources say the plans are still in development, but proposals currently under review would shift Toyota’s $38 billion EV rollout plan announced in […]
Following Toyota’s move to buy back its first electric vehicle (EV) from customers due to the wheels falling off on some units, the automaker is officially set to start fresh in producing the vehicle. Toyota is restarting production on the bZ4x EV with fixes to the safety issues causing some wheels to fall off, according […]
Toyota joined other automakers in sharing their Q3 production and delivery numbers, but one of the most interesting stats was the fact there were zero bZ4X electric vehicles sold in September. Yes, it’s still a terrible name for a vehicle. The first Toyota bZ4X reviews hit the web earlier this year in April, when sales […]
Toyota CEO Aki Toyoda said that a move to only selling EVs could leave customers behind in a meeting with U.S. journalists on Thursday (via Wall Street Journal). Toyoda noted that promoting hybrids and plugin hybrids in the short term while planning for the long term with EVs was a worthy cause, especially for customers […]
Most automakers are pointing their sails toward an electric future, including Toyota, which just announced a major investment into electric vehicle (EV) battery production. Toyota is set to invest as much as 730 billion yen (~$5.6 billion USD) on EV battery production in the U.S. and Japan, as detailed in a press release on Wednesday. […]
Toyota is offering a new buyback program and make-good repairs to owners of the bZ4X after a recent recall. Customers of the Toyota bZ4X are now eligible to have recalled models repaired by Toyota, or to have the automaker buy the electric vehicle (EV) back entirely, according to Automotive News. The news comes after the […]
Toyota is urging owners of its new bZ4X electric SUV to stop driving the car, as part of a worldwide recall, reports the Financial Times. According to the Japanese automaker, its fleet of 2,700 bZ4X electric SUVs could have their wheels fall off, due to loose bolts. Affected vehicles are 2,200 in Europe, 280 in […]
Toyota has been under scrutiny recently for not moving away from gas cars quickly enough, and for lobbying against climate policies, according to Reuters. In a Q&A with Danish pension fund AkademikerPension during a general meeting, Toyota CTO Masahiko Maeda explained that “customers need to choose” to popularize EVs. In rebuttal, AkademikerPension said that Toyota […]
After Lexus teased an RZ electric crossover with a yoke steering wheel in December, the luxury automaker officially unveiled the electric vehicle (EV) earlier this week. Lexus unveiled the 2023 RZ450e electric crossover SUV on Wednesday, based on its parent company Toyota’s bZ4X, according to a report from Car and Driver. This is the Japanese […]
Toyota’s first entry into the electric vehicle (EV) space, the bZ4X, officially went on sale on Tuesday. At the same time, embargoes on media coverage of the new all-electric vehicle lifted. Take a look at the first reviews of the Toyota bZ4X: Autoblog 2023 Toyota bZ4X First Drive Review: Toyota’s First Real EV CNET 2023 […]
Woven Planet, a unit of Toyota Motor Corp., has unveiled camera-based self-driving technology similar to Tesla’s Vision-based Autopilot — reports Reuters. The Toyota subsidiary told Reuters that it has developed a way to use data collected from low-cost cameras to effectively train its self-driving system. Woven Planet hopes this “breakthrough” will help drive down the costs associated […]
The race to scale autonomous driving software is on, with many automakers testing their own versions of the technology — including Toyota. Toyota plans to conduct testing of Aurora’s self-driving system using its Sienna minivans in the Dallas Fort Worth area of Texas, according to Automotive News. The testing will include driving on highways, suburban […]
After Toyota unveiled the bZ4X electric crossover SUV, set to debut this spring, the automaker is apparently offering free charging to buyers of the electric vehicle (EV). Toyota is partnering with charging network EVgo to offer a free year of charging for bZ4X buyers, according to Automotive News. EVgo has deployed over 800 DC fast-charging […]
Toyota’s Chief of Global Design, Simon Humphries, said in a recent interview with Automotive News that diversity is the key to Toyota’s new electric vehicle (EV) design strategy and will allow the veteran automaker to achieve its goal of selling 3.5 million all-electric cars by 2030. “Globally, there is an incredible diversity of customers, and their […]