Toyota expands EV presence with China, U.S. production plans
#Toyota #ElectricVehiclesToyota unveils plans to produce electric vehicles and batteries in China and the U.S., aiming to catch up with competitors like Tesla. The move is part of a strategy to tap into the Chinese EV market and address sustainability concerns. read more
Toyota Reports Profit Drop Due to Scandal-Related Production Halt
#Toyota #AutomotiveScandalToyota's July-September profit plummeted to less than half of the previous year due to production stoppages following a scandal. Sales revenue slightly increased, but Toyota expects to sell fewer vehicles this fiscal year. The automaker plans to invest in human resources and alternative vehicle technologies. read more