Toyota, Panasonic form joint venture in housing for Japan

Business 05/08/19, 23:53

Japanese automaker Toyota and electronics giant Panasonic are forming a joint venture combining their housing businesses in Japan to showcase technologies such as connected cars and the internet of things.Toyota Motor Corp., which offers housing as well as vehicles in Japan, said the new company will offer homes showcasing those ...

Toyota, SoftBank fund, Denso invest $1 billion in Uber

Business 04/19/19, 00:02

Japan's top automaker Toyota, auto parts maker Denso and internet company SoftBank's investment fund are investing $1 billion in car-sharing Uber's technology unit.The Japanese companies said Friday that Toyota Motor Corp. and Denso Corp. will together invest $667 million and SoftBank Corp.'s Vision Fund will contribute $333 million in Uber ...

Toyota robot can’t slam dunk but throws a mean three-pointer

Tech 04/01/19, 00:30

It can't dribble, let alone slam dunk, but Toyota's basketball robot hardly ever misses a free throw or a three-pointer.The 207-centimeter (six-foot-10) -tall machine made five of eight three-pointer shots in a demonstration in a Tokyo suburb Monday, a ratio its engineers say is worse than usual.Toyota Motor Corp.'s robot, ...

Japan’s Honda, Hino join SoftBank-Toyota mobility venture

Tech 03/28/19, 00:16

Japanese automakers Honda and Hino are joining a partnership between SoftBank and Toyota for mobility service innovation such as self-driving cars.Japanese technology company SoftBank Corp. and Toyota Motor Corp., the nation's top automaker, announced late last year a joint venture for mobility services, in what they called a "united Japan" ...

Tokyo’s Olympics may become known as the “Robot Games”

Tech 03/15/19, 00:52

Tokyo's Olympics may become known as the "Robot Games."Organizers on Friday showed off robots that will be used at the new National Stadium to provide assistance for fans using wheelchairs.Tokyo Olympic official Masaaki Komiya pointed out that Japan is known for its robot technology, and the 2020 Summer Games are ...

Toyota investing $750M at 5 US plants, creating 600 jobs

U.S. 03/14/19, 12:09

Toyota Motor Corp. on Thursday announced it is investing an additional $750 million at five U.S. plants that will bring nearly 600 new jobs, including the production of two hybrid vehicles for the first time at its Kentucky facility. It marks yet another expansion of the Japanese automaker's U.S. presence, bringing ...

Toyota profit plummets despite moderately solid sales

Business 02/06/19, 01:30

Toyota's fiscal third quarter profit plunged to 180.9 billion yen ($12.6 billion), about a fifth of what the Japanese automaker earned the previous year, despite relatively solid sales, the Japanese automaker said Wednesday.Toyota Motor Corp.'s October-December profit in 2017 had totaled 941.8 billion yen, helped by perks from U.S. tax ...

Toyota, Panasonic announce venture for green auto batteries

Business 01/22/19, 04:21

Toyota Motor Corp. and Panasonic Corp. are setting up a joint venture to research, manufacture and sell batteries for ecological autos, an increasingly lucrative sector amid concerns about global warming.The Japanese automaker and the Japanese electronics maker said in a joint statement Tuesday that Toyota will take a 51 percent ...

Toyota quarterly profit rises on growing sales, cost cuts

Business 11/06/18, 02:01

Toyota Motor Corp. reported a 28 percent surge in the last quarter on growing sales in Europe, Asia and the Americas and cost cutting. It raised its profit forecast for the full year.The top Japanese automaker said Tuesday that its July-September profit totaled 585.1 billion yen ($5.2 billion), up from ...

Toyota recalls 2.4 million hybrids due to stalling problems

Business 10/04/18, 22:32

Toyota Motor Corp. says it has issued a recall for 2.43 million hybrid vehicles in Japan and elsewhere for potential problems with stalling.The company said Friday that in rare cases the vehicles might fail to enter a "failsafe" driving mode, lose power and stall. Power steering and braking would still ...

Toyota, SoftBank setting up mobility services joint venture

Business 10/03/18, 21:03

Japan's No. 1 automaker Toyota Motor Corp. and technology giant SoftBank Group Corp. say they are setting up a joint venture to create mobility services.The companies said the venture, Monet Technologies Corp., will be running by the end of March. It will work on on-demand vehicle services, food deliveries and ...

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