Toyota Motor Corporation and Suzuki Motor Corpotation will take small equity stakes in each other, the Japanese car makers said, as they seek to develop newer technologies and meet sweeping changes upending the global auto industry.
Uber’s autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corporation, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering.
Toyota Motor Corporation unveiled a completely redesigned hydrogen-powered fuel cell sedan on Friday in its latest attempt to revive demand for the niche technology that it hopes will become mainstream.
Makers of airless tyres such as Japan’s Bridgestone Corporation hope driverless cars will herald a breakthrough for their niche technology, which is more than a decade old but underperforms standard tyres in every way except resistance to puncture.
Japanese stocks ended higher in choppy trading on Wednesday after positive earnings from market bellwethers Toyota and Honda highlighted the improving outlook for the global economy. Toyota hiked profit forecast 54%, shrugged off global chip
Fiat Chrysler and Peugeot SA sealed their long-awaited merger on Saturday to create Stellantis, the world’s fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen.
Strong growth forecast for global auto sales in 2021 with Europe strongest, barring anything unexpected. South Korea’s Hyundai Motor Co and affiliate Kia Motors Corp on Monday forecast combined global vehicle sales will jump 11.5 per cent in 2021
Estonia’s Ott Tanak returns to the scene of his first podium and world championship win at the Rally of Italy on Sardinia this weekend with the Toyota driver looking to notch up a third straight win this season
Frenchman Sebastien Ogier emerged from the dust of day two on the Mexico Rally after watching key rival Ott Tanak suffer a damaged axel on a tough day of racing in the gravelly hill roads outside Guanajuato that left one car a burnt-out wreck.