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Toyota exhausts U.S. tax credits for EV purchasers

The company said Friday that it sold 3,876 plug-in hybrid and electric cars in June. The U.S. allows automakers to offer a $7,500 tax credit to buyers of fully or partly electric cars, but only up to 200,000 per company......»»

Category: topSource:  autonewsJul 2nd, 2022

It’s possible no electric vehicles will qualify for the new tax credit

There is no grace period, so credits effectively end once the bill is signed. Enlarge / Volkswagen is one of several automakers that are already assembling their EV battery packs locally. But the value of the materials that go into the.....»»

Category: topSource:  arstechnicaRelated NewsAug 8th, 2022

Toyota offers make-goods, buybacks to bZ4X EV customers after recall

The automaker issued an emergency stop-sale on the 2023 bZ4X and told consumers to stop driving it immediately for fear the wheels may fall off. It is offering a series of make-goods to approximately 260 owners and lessees, who still can't drive the.....»»

Category: topSource:  autonewsRelated NewsAug 5th, 2022

Can EV tax credit survive Senate, industry objections?

What appeared to be a path forward on EV tax credits at first glance evolved into a last-minute scramble, as automakers and some Senate Democrats seek changes to the provision's strict battery content and assembly rules, which they said could delay v.....»»

Category: topSource:  autonewsRelated NewsAug 5th, 2022

Toyota profit plunges amid supply chain chaos, rising costs

Despite a 42 percent drop in quarterly profit, the automaker lifted its full-year guidance for net income and revenue......»»

Category: topSource:  autonewsRelated NewsAug 4th, 2022

GM and Toyota securing lithium supply for EV ramp up

Lithium has become the indispensable metal in global automotive electrification. Carmakers and battery manufacturers have strengthened cooperation with lithium producers, even prepaying orders to acquire long-term supply......»»

Category: itSource:  digitimesRelated NewsAug 4th, 2022

Five Star Automotive Group acquires Honda, Mitsubishi and Toyota dealerships

Expanding Five Star Automotive Group, which entered the Midwest last year, added three dealerships in Ohio in June......»»

Category: topSource:  autonewsRelated NewsAug 3rd, 2022

Toyota senior program manager killed during charity bike ride in Mich.

Edward Erickson "had been a champion for cycling safety and regularly educated our team members on the rules of the road for vehicle interaction," Toyota said in a statement......»»

Category: topSource:  autonewsRelated NewsAug 2nd, 2022

Toyota unit falsified emissions data from at least 2003, probe finds

The investigative committee tasked by truck and bus maker Hino Motors blamed the scandal on an environment where engineers did not feel able to challenge superiors, in a rare criticism of corporate culture in Japan......»»

Category: topSource:  autonewsRelated NewsAug 2nd, 2022

Indonesia attracts a US$2.5 billion investment from Toyota and Mitshubishi

Indonesia attracted new investments worth a total of Rp 37.1 trillion (US$2.48 billion) from Japanese automakers, Mitshubishi and Toyota through the coordinating minister for Economic Affairs, Airlangga Hartarto recently......»»

Category: topSource:  marketingvoxRelated NewsAug 1st, 2022

Toyota Supra Manual Will Start at $53,595

With a B58 inline six-cylinder engine developed by BMW, which wasn’t created with a stick in mind, Toyota had to create its own manual transmission The post Toyota Supra Manual Will Start at $53,595 appeared first on The News Wheel......»»

Category: autoSource:  thenewswheelRelated NewsJul 29th, 2022

Toyota’s lobbying blitz gets results in Manchin-Schumer deal

For Toyota, this win has particular significance: In the Build Back Better legislation that fell apart last year, President Joe Biden had called for an EV credit that would’ve provided extra incentives on union-made cars......»»

Category: topSource:  autonewsRelated NewsJul 29th, 2022

Toyota supplier Denso"s Q1 profit tumbles 41% despite higher revenue

Denso adjusted its estimate of vehicle production to a 10 percent shortfall for each of quarter from the second quarter onward, CFO Yasushi Matsui said......»»

Category: topSource:  autonewsRelated NewsJul 29th, 2022

Indonesia attracts US$2.5 billion investment from Toyota and Mitshubishi

Indonesia attracted new investments worth a total of Rp 37.1 trillion (US$2.48 billion) from Japanese automakers, Mitshubishi and Toyota through the coordinating minister for Economic Affairs, Airlangga Hartarto recently......»»

Category: topSource:  informationweekRelated NewsJul 29th, 2022

CyberLink"s facial recognition technology expected to generate revenue in 2023

In its online earnings call on July 26, CyberLink's chairman and CEO Jau Huang indicated that the company's FaceMe facial recognition engine is expected to contribute to revenues starting from 2023, thanks to the adoption by Toyota for factory inspec.....»»

Category: itSource:  digitimesRelated NewsJul 29th, 2022

What’s inside the US’s first big climate bill?

Tax credits, grants, and more to boost renewable and clean technology. Enlarge / Joe Manchin and Chuck Schumer, who negotiated the new deal, talk earlier in the year. (credit: Chip Somodevilla ) At the end of June, the Supreme.....»»

Category: topSource:  arstechnicaRelated NewsJul 28th, 2022

Toyota increases overseas car production as output slumps in Japan

Toyota's overseas output climbed 5.6 percent to 3.35 million vehicles through June, while production in Japan fell 18 percent to 1.73 million units......»»

Category: topSource:  autonewsRelated NewsJul 28th, 2022

Senate deal includes EV tax credits sought by Tesla, Toyota

The credit will be included in a broader legislative package that revives key portions of President Joe Biden’s domestic political agenda and contains about $369 billion on climate and energy spending......»»

Category: topSource:  autonewsRelated NewsJul 28th, 2022

Toyota GR 86 10th Anniversary Limited Gets Familiar Orange Paint Job

Not only does the GR 86 look great in orange, it also looks as though Toyota won’t be charging customers more than $150 The post Toyota GR 86 10th Anniversary Limited Gets Familiar Orange Paint Job appeared first on The News Wheel......»»

Category: autoSource:  thenewswheelRelated NewsJul 28th, 2022

Toyota to cut domestic production by 4,000 vehicles in July after rain snarls supplies

Toyota said heavy rains, especially in its home prefecture of Aichi in central Japan, impacted procurement of parts and will force it to stop production at a total of three lines in two domestic factories......»»

Category: topSource:  autonewsRelated NewsJul 27th, 2022

Toyota delays plans for seeking lower prices from suppliers this year

The move reinforces an attempt by the world's largest automaker to shoulder more of the burden faced by suppliers as global supply chain woes continue and energy costs soar......»»

Category: topSource:  autonewsRelated NewsJul 25th, 2022