VENTURE CAPITAL POST

Toyota shareholders re-elected chairman Akio Toyoda to his post on the board but left him beleaguered due to the company’s governance issues and scandals involving some of its car models.

Shareholders intensify pressure against Toyota chairman Akio Toyoda amidst a safety test scandal, with major advisory firms urging a vote against his reappointment.

Toyota's stock price fell by over $15 billion last week after it admitted lying on safety certification tests.

Toyota is recalling almost 100,000 Tundra trucks and 3,500 Lexus LX 600 luxury SUVs due to potential engine power loss while driving.

In response to the safety test controversy, Toyota Chairman Akio Toyoda apologized while bowing before reporters.

Toyota and Mazda halt vehicle shipments amid Japan's widening auto safety scandal due to irregularities in safety test data, leading to suspension of shipments by other automakers and potential repercussions.

Toyota unveils plans to revolutionize the traditional internal combustion engine, integrating it with green fuels and electric motors in hybrids.

Future hybrid cars from Toyota will have futuristic engines running on green fuels, challenging electric vehicles and aiming to reduce carbon emissions from the automotive industry.

Toyota is reportedly ending its massive sponsorship deal with the International Olympic Committee (IOC).

Global climate database thinktank InfluenceMap has ranked Toyota dead last in climate lobbying and third-worst in EV production in its 2024 report.

Toyota has partnered with Tencent to attract younger drivers in China.

Toyota recalls 135k Prius in Japan due to rear door handle issue. No accidents were reported. Production was halted, and orders were suspended.

Daihatsu's president indicated that Toyota will oversee model certification to rebuild trust following a safety test scandal.

Interest in electric vehicles is falling due to several factors, including a lack of charging infrastructure, increasing costs of raw materials, and financing rates.

Taiwan Semiconductor Manufacturing Co. (TSMC) has announced its plan to establish a second manufacturing plant in Japan, with support from tech giant Sony and carmaker Toyota.