Daihatsu Executives To Step Down After Embarrassing Safety Saga
Daihatsu Motor’s President and Chairman would step down, Toyota Motor Corporation announced on 13 February 2024. Masahiro Inoue, Toyota’s CEO for Latin America and the Caribbean, will replace Soichiro Okudaira as Daihatsu’s President from 1 March 2024.
TSMC To Build Second Japan Chip Factory, Raising Investment To US$20 Billion
Taiwan Semiconductor Manufacturing Company (TSMC) announced on 6 February it will be building a second Japanese plant to begin operation by the end of 2027.
Will Hydrogen Be Toyota’s FCEV (Fuel Cell Electric Vehicle) Cash Cow?
Toyota is taking a diversified approach to achieve carbon neutrality with hydrogen and it was touted be a winning formula for the Japanese automaker. Where does it leave metalworking tools?
Japanese Automakers Blindsided By China Sales Crisis
Japanese automakers are facing a sales crisis in China, data shows, as a rapid shift to electric vehicles (EVs) has upended the world’s largest auto market and led to a plunge in purchases of gasoline-powered cars.
Toyota To Have 10 New EV Models By 2026
Toyota will introduce 10 new EV models and target sales of 1.5 million EVs a year by 2026, aiming for steep growth in a market where it has long been lapped by rivals.
BYD Announces Plan To Cease Using Hexavalent Chromium
BYD Japan claims that hexavalent chromium poses no health risks but plans to end its use, reflecting its compliance to Japan Automobile Manufacturers Association. This came after Toyota’s cancelling BYD’s electric bus sale.
Toxic Chemical Led To Hino Cancelling BYD’s Electric Bus Sale
Hino Motors Ltd has cancelled plans to market in Japan a bus supplied by Chinese electric vehicle (EV) maker BYD Co Ltd as the bus contains a chemical banned under Japanese industry guidelines, the Nikkei Asia reported on Wednesday.
Toyota Getting Into EV Draws Mixed Feelings
CNBC reported the world’s largest automaker, Toyota, is battling criticism that it is not moving fast enough to reduce carbon emissions getting into EV. A deeper look suggests more.
Vietnam’s Battle To Climb The Global Value Chain
The country earns global factory status but fears it will remain an ‘assembly platform’.
