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Toyota, the world's largest automaker, has stepped back on its ambitious electric vehicle (EV) targets, trimming its 2026 production goals by a third. Originally aiming to roll out 1.5 million EVs ...
In Japan, which accounts for about a third of Toyota's global output, production was down 9.3% in November, due in part to a two-day production halt at its Fujimatsu and Yoshiwara plants.
Toyota Motor (TM) plans to suspend operations on seven production lines at five factories in Japan for January and slash its output by about 20,000 vehicles.
The Toyota RAV4 EV is an all-electric version of the popular RAV4 SUV produced by Toyota until 2014. Two generations of the EV model were sold in California, and to fleets elsewhere in the US, with a gap of almost ten years between them.
In June 2022, Toyota recalled 2,700 of its first mass-produced all-electric vehicles due to worries that their wheels could fall off during driving. It was discovered that the bolts on the bZ4X's wheels could loosen up to the point where the wheel simply detaches from the car, causing a loss of control over the vehicle and possible accident. [102]
In 2011, auto giant Toyota (TM) and tiny upstart Tesla (TSLA) signed a $100 million arrangement for the latter to develop and supply battery packs and motors for a plug-in electric Why Toyota and ...
Because Toyota plug-in hybrid vehicles also qualify for the tax credit, the credits are anticipated to be exhausted shortly after the launch of the bZ4X. [45] The bZ4X is not eligible for electric vehicle incentives from the Inflation Reduction Act because it is made in Japan, not the US, Canada, or Mexico. [46]
On Wednesday, Toyota Motor Corporation (NYSE: TM) issued its fiscal second quarter results, posting a weaker-than-expected profit due to production halts and macroeconomic events. Its smaller ...