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Toyota boss Akio Toyoda to lead the charge on EV development

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Toyota boss Akio Toyoda to lead the charge on EV development

Toyota may have pioneered the mass production of hybrid vehicles, but its move into next-generation power has been a less than direct process. To date, the Japanese giant has focused its post-hybrid efforts on a plug-in hybrid EV version of the Prius and the 'other' future alternative energy: hydrogen...

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Toyota boss talks down Lexus RX 7-seat potential - report
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Toyota boss talks down Lexus RX 7-seat potential - report

The global head of Toyota has hosed down talk of a longer seven-seat version of the new 2016 Lexus RX SUV. Despite the appearance of camouflaged RX SUVs in the US recently, Toyota president Akio Toyoda told press in Europe this week that seven-seat SUVs are the domain of the company’s volume-selling arm...


Tommi Makinen to lead Toyota Yaris WRC team in 2017
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Tommi Makinen to lead Toyota Yaris WRC team in 2017

Rally legend Tommi Makinen will lead Toyota Gazoo Racing’s charge into the World Rally Championship (WRC) in 2017, the outfit has confirmed today. Makinen will be joined by Toyota president Akio Toyoda, noted motoring enthusiast and the driving force behind the launch of the 86 sports car, as team chairman...


Toyota global president Akio pedals a turbo 86 rally car before waving goodbye to Australia
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Toyota global president Akio pedals a turbo 86 rally car before waving goodbye to Australia

Akio Toyoda, president of the world’s biggest car maker Toyota, has flown home after his whirlwind visit to Australia, a place he labelled the “perfect testing ground” for vehicle development.  News broke last week of Toyoda’s mystery visit to local shores, the first since February when he personally informed staff at the Altona factory in Melbourne’s west that the plant would shut from the end of 2017...


Toyota Australia "close" to building next-gen Camry; closure "heartbreaking"
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Toyota Australia "close" to building next-gen Camry; closure "heartbreaking"

Toyota Australia president and CEO Max Yasuda says the company was “close” to winning the contract to build the next-generation Camry and continue local vehicle production into the next decade...


Toyota president lowest paid among automotive Big Five
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Toyota president lowest paid among automotive Big Five

Toyota may have regained its crown as the world's biggest automaker, but president Akio Toyoda has been revealed to be the lowest paid car boss among the five largest automotive manufacturers. Toyoda’s pay in 2012 was just over $2 million (184 million yen). Ford CEO Alan Mulally, the highest paid among the big-five, took home $21 million in the same period, followed by Volkswagen CEO Martin Winterkorn’s $19million...


Toyota production hits 200 million vehicles
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Toyota production hits 200 million vehicles

Toyota Motor Corporation (TMC) has reached a staggering new milestone, confirming the production of its 200 millionth car in June. The milestone came almost 77 years after the first Toyota, the Model G1 truck, was produced in August 1935 by Toyoda Automatic Loom Works Ltd, which went on to become TMC...


Nissan CEO: Japan's highest-paid executive staying put
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Nissan CEO: Japan's highest-paid executive staying put

Nissan chief executive officer and Japan's highest-paid executive, Carlos Ghosn, has ended rumours he might step down within the next five years ahead of Nissan's next business plan telling Reuters on Friday, "there is no plan of this sort." Fifty-eight year-old Ghosn recently told shareholders he was paid a total salary, including bonuses, of 987 million yen ($12...


Toyota developing new 'emotional' global design language
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Toyota developing new 'emotional' global design language

Toyota has confirmed it is working on a global design language to apply across its entire model range in an attempt to add more character and emotion to its vehicles which are often criticised for their safe and unadventurous styling. A report by US publication Edmunds said Toyota Europe chief Didier Leroy admitted the brand was designing a new grille and front-end look for its future models to add consistency to the range...


Tesla to give Toyota two EV prototypes this month
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Tesla to give Toyota two EV prototypes this month

Toyota announced in May it has invested $50 million into Tesla Motors in exchange for some development and research on electric vehicles. Tesla has now said it is going to provide Toyota with two EV prototypes. The prototypes are said to be based on heavily modified Toyota vehicles, and reports say Tesla has signed a deal to pass them over by the end of July...


Akio Toyoda apologises to shareholders
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Akio Toyoda apologises to shareholders

During Toyota's annual shareholder's meeting yesterday, Akio Toyoda made a formal apology to over 3,000 investors for the company's recent recall disasters. Akio Toyoda said, "I would like to apologise once again for all the worries we have caused our shareholders, but we've managed to post a profit after a year of losses and I feel like we are finally at the starting line this year...


Akio Toyoda airs concerns over Toyota
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Akio Toyoda airs concerns over Toyota

Toyota President Akio Toyoda believes winning over new customers will be a challenge following the global financial crisis. According to the grandson of the founder the problems with his company started back in 2003 amid a massive global expansion...


Toyota CEO to take the stand in US hearing into recalls
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Toyota CEO to take the stand in US hearing into recalls

Toyota CEO, Mr Akio Toyoda, has, after initially declining the offer, accepted United States House Oversight and Government Reform Committee Chairman Mr Ed Towns’ invitation to testify in Washington next week. "I have received Congressman Towns’ invitation to testify before the House Committee on Oversight and Government Reform on February 24 and I accept," Toyoda said in a statement...


Toyota devising guidelines for transparent disclosure
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Toyota devising guidelines for transparent disclosure

Although the effects of Toyota's recent problems were not fully felt by Toyota Australia, globally the Japanese giant is fighting hard to rein in a global quality crisis. Part of the shift in Toyota's attitude will be a new approach to transparency with vehicle issues. The company is reported to be devising new guidelines for disclosing issues with its models in order to increase transparency...