Toyota & Suzuki Ties Up for Deal Exploration

To widen both of their horizons in car manufacturing, Toyota and Suzuki ties up for a business exploration ventures.

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Honda's sales rise in Indian markets, but Hero still ranks No 1

Honda, the Japan-based automaker, widened its sales portfolio to a robust 4,500 touch points from nearly 800 outlets. Honda's market share increased to 26% from 15% at the end of March 2011.

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Toyota Targets Zero Emissions, Collaborates with Toshiba Corp, Iwatani Corp and Local Government for Hydrogen Fuel Cell

Toyota has been working with the local government along with Toshiba Corp. and Iwatani Corp. regarding hydrogen fuel cell. Hydrogen will be taken from the wind-power plant in Yokohama Hama Wing that will be compressed and delivered by a truck.

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Mitsubishi to invest P4.3 billion in Philippine market

Mitsubishi Motor Cop. announced its intention to invest nearly P4.3 billion in order to commence its production of sedan and hatchback styles of Mirage model in Philippines. The investment activity will help the company to withstand the global economic slowdown.

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Ford to open new plant in Mexico: Reports

Ford is reportedly intending to start a new plant in Mexico with an aim to boost its production capacity of US plants. This move by the company reflects its rival General Motors' investment plan of $5 billion to multiply the production capacity in Mexico within 2018.

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Honda recalls 442,997 vehicles in Japan; 2.2 million cars in US

Honda said it recalled a total of 442,997 vehicles in Japan. The automaker will also recall 2.2 million cars in the US.

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Equipped With Daihatsu, Toyota President Eyes To Compete With Suzuki In The Indian Car Market

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.

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Toyota Compensate $22 Million Over Allegations of Racial Discrimination

The case had been investigated since 2013, and the practices are believed to have been going on since 2011. U.S federal regulators claimed that African-American, as well as Asian/Pacific Islander borrowers, were charged more for auto loans. Toyota voluntarily agreed to pay the amount of compensation, but the company refuses to admit that the practice is a form of racial discrimination.

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Japanese automaker Toyota reportedly to cease production

Toyota Motor Corp is reported to cease production at its local plants in early February due to the shortage of steel. The halt in production may affect the company's aim to create 4.13 million cars in Japan in 2016.

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Toyota plans to take over the rest of Daihatsu

Toyota Motor is seriously contemplating a buyout of Daihatsu Motor Co., which would give the company direct access to Daihatsu’s 660 cc mini vehicles. This investment would fetch Toyota great returns in the emerging markets and also enable leveraging of the low-cost production model that has long been Daihatsu’s competitive advantage.

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Toyota Previewed New Sports Car S-FR Concept in Tokyo Auto Salon 2016

The Japanese car maker again previewed its S-FR concept, first introduced on October last year. The new model has seen some changes and improvements compared to last year's. It is believed that the production will start this year and the affordable sports car would be available in the global markets.

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Toyota Gazoo Racing to compete in 24 Hours of Nürburgring

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.

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Toyota Mirai: First Auto To Adopt Kymeta’s Flat Antenna Technology

Toyota Mirai has been represented with a flat antenna at this week’s North American International Auto Show in Detroit on Tuesday. The flat antenna technology is capable of widening the coverage area and shares the same communication standard across national borders. The Mirai trial still appears in the early testing stages and Toyota commits to install data communication modules in a wider range of vehicles.

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Takata downplayed air bag crisis and lost major investor because of it

How Takata Corp. handled their air bag crisis is the very reason why they lost one of their biggest investors, Sawakami Asset Management. In a statement published from Bloomberg News, Sawakami's fund manager, Takahiro Kusakari, said they could not help but feel Takata's management is not trustworthy.

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As Toyota Dropped Its Airbags, Takata Shares Plunged

Toyota decides to drop Takata as their airbag supplier last week. Previously, other automakers have ditched Takata as their airbag suppliers as well. This gives a devastating blow to Takata, whose shares drop 25% after series of incidents related to airbags defect.

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