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Almost one year after a scandal involving rigged safety tests at Daihatsu was made public, Toyota has announced the Chairman and President of the Toyota-owned small-car brand are stepping down.
TOKYO — Toyota Motor Corp said on Tuesday both the president and chairman of Daihatsu Motor will step down almost a year after the small-car unit said it had rigged collision safety-tests.
Toyota on Tuesday announced an additional $1.3 billion investment in its Georgetown, Kentucky, assembly plant to prepare for production of a 3-row electric SUV.
Toyota has reaffirmed it is developing new internal combustion engines as it sees battery-electric vehicle sales limited ‘regardless of technical advances’.
Just days after admitting to rigging engine tests, Toyota has confirmed it is halting production at four Japanese factories.
Akio Toyoda, Toyota Chairman and all-round mensch, has reaffirmed his commitment to a multi-pronged approach to carbon neutrality by committing to a new engine project. Just days after this was suggested at the Tokyo Auto Salon, Toyoda answered a Q&A session after a lecture on Toyota's production system, where he confirmed that he has «asked Toyota to embark on a new engine project, which I believe President Koji Sato will soon announce.»
Toyota sold more cars in 2023 than ever before but electric vehicles had a minimal impact on the growth. Of the 11,233,039 vehicles delivered by the Japanese conglomerate, only 104,018 were EVs. Just 0.926 percent of the cars sold by Toyota, Lexus, and the other subsidiaries last year were battery EVs. With that in mind, the company reckons there's still a need for combustion engines.
Many people rushed to criticize Toyota for being late to the EV game, anticipating the Japanese automotive giant would end up trailing behind the competition. However, sales figures tell a different story. Not only did Toyota manage to keep its sales crown for the fourth year in a row, but total deliveries reached an all-time high.