Hiroshi Okuda, who served as president and then chairman of Toyota Motor Corp. in the late 1990s and early 2000s, has died, according to Japan’s Kyodo News wire. He was 93.
Toyota has raised its full-year net profit forecast following a remarkable 75.6% increase in net income for the first quarter. The company's performance has been bolstered by favorable currency conditions, particularly a weak yen.
Toyota's quarterly profit nearly doubled to $2.2 billion, aided by a weak yen, even as vehicle sales dipped. The company has raised its full-year net profit forecast, although it still anticipates a decline in overall profit for the year.
Toyota, the world’s biggest carmaker, plans to initiate a $6.3 billion share buyback. The company expects to sell more than 5 million hybrid electric vehicles this year.
The yen’s slide to a 40-year low may be causing headaches for Japanese policymakers, but exporters such as Toyota Motor Corp. are set to reap an earnings boon, offering a much-needed respite from US tariffs, surging oil prices and strained supply chains.
Toyota Motor Corp.’s global sales fell slightly after turmoil in the Middle East and a slump in China led the world’s biggest carmaker to record a drop for the fifth month in a row.
Nvidia Corp. will supply its artificial intelligence hardware and software to Toyota Motor Corp. to power smart cities, traffic intelligence systems and carmaking factories, broadening a decade-long partnership that began with developing autonomous vehicles.
Toyota recalls 655K Camrys worldwide over safety defect
Toyota recalls 655K Camrys globally over display defect that can knock out safety indicators
Toyota to recall over 508,000 US vehicles over instrument cluster display issues
Toyota Recalls 508,000 New Camrys Over Turn Signals That Could Turn Off Abruptly
Toyota Net Profit Surges 76%, Boosts Earnings Outlook
Toyota profit drops for fifth straight quarter on China slump, Iran war impact
Toyota expected to post fifth straight profit drop, investors weigh Japan quake fallout
Toyota to fix software for 39,552 China-built EVs over safety hazards
Toyota's first-half global output, sales fall for first time in two years on China weakness
Trump Is Touting Toyota, Micron and GM. Wall Street May Like One Stock Best.
Toyota's $3.6B Texas Power Play Could Jolt The Stock Out Of Its Bargain‑Bin Trap
Toyota to invest $3.6B in plant expansion, will shift Tacoma production from Mexico to Texas
Trump takes credit for Toyota moving some truck production from Mexico to Texas: 'That's what tariffs do'
Toyota to build $3.6 billion Texas plant, shift some truck production from Mexico
Toyota to Move Tacoma Production to Texas in $3.6 Billion U.S. Expansion Plan
Toyota to invest $3.6 billion to move Tacoma pickup truck production from Mexico to Texas
Toyota US second-quarter sales up 1%