Toyota (TM) inches past production goal, warns of lingering chip shortage

Toyota-affiliate Daihatsu rigged safety tests of 88,000 vehicles

Toyota (NYSE: TM) affiliate Daihatsu rigged part of the door in side-collision safety tests carried out for some 88,000 small cars, most of which were sold under the Toyota brand, the companies said on Friday.

Daihatsu said it had discovered the rigged safety test after a whistleblower report. It said it had reported the issue to regulatory agencies and stopped shipment of affected models.

They said the door trim on the affected vehicles had been modified with a... More

Japan announces $1.8B in subsidies for storage battery, chip projects

Industry Minister Yasutoshi Nishimura announced Friday that Japan will provide as much as $1.8 billion in subsidies for a slate of storage battery and chip-related projects, marking Tokyo's latest push towards greater supply chain security.

The Japanese government plans to give up to 184.6 billion yen ($1.38 billion) in subsidies for eight storage battery-related proposals and up to 56.4 billion yen for two semiconductor-related projects,... More

Joby Aviation (JOBY) and Toyota (TM) Expand Partnership with Long-Term Supply Agreement for Key Powertrain and Actuation Components

Joby Aviation, Inc. (NYSE: JOBY), a company developing all-electric aircraft for commercial passenger service, today announced it has signed a long-term agreement with Toyota Motor Corporation Inc. (NYSE: TM) to supply key powertrain and actuation components for the production of the Companys aircraft.

The agreement builds on the long-standing partnership between Joby and Toyota, which has seen the two companies collaborate on a wide variety of projects to support the production and assembly of the Joby aircraft, including advising on the design of Jobys pilot... More

Hyundai plans Russian exit, negotiates sale of factories

South Korean media reports Wednesday that automaker Hyundai Motors is planning to exit Russia and sell its manufacturing plants.

South Korean TV network MBC reported that negotiations to sell Hyundai's factories in Russia are in the final stage, adding that the automaker has been waiting for a final... More

Mercedes-Benz launches new E-Class, its final ICE vehicle

Mercedes-Benz on Tuesday announced the launch of the German luxury automakers final new combustion engine model - the next generation of the E-Class. The new vehicle will be built in Germany and China and go on sale in Europe in the third quarter of this year.

It will... More