Toyota and Daihatsu have reached an agreement which is believed to be executed by August 2016. Under the agreement, Daihatsu will become a wholly owned subsidiary of Toyota by way of share exchange. Through the Toyota shared key technologies, Daihatsu will produce price efficient mini cars for itself and Toyota. Toyota President is believed to look for opportunity to dominate Indian car market snatching from Suzuki.
The 24 Hours of Nürburgring will see Toyota breaking away from its conventional ways, to enter three models in this year's Toyota Gazoo Racing. Among which, one is a cross-over machine and Toyota's next production venture.
Hirotoshi Ogura, a self-described “factory geek”, is Daikin Industries' (6367.T) master of doing more with less – and part of the reason Japan’s recovery remains stuck in the slow lane.
Japan's Toyota Motor Corp (7203.T) will spend about 150 billion yen ($1.3 billion) to build two new car plants in Mexico and China, two people familiar with plans said, ending a three-year freeze imposed after unchecked growth lumbered the world's biggest auto maker with too many idle production lines.
In a corner of Toyota's oldest factory, the Japanese carmaker's longest-serving employee preaches the benefits of craftsmanship, saying manual labor is the key to success in a highly automated automotive industry.
Toyota Motor (7203.T) is finalizing plans for its first passenger car assembly plant in Mexico that could be approved by its board as early as next month, according to three people with knowledge of the matter.