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Toyota 'Exploring Rockets,' Kicks Off Inventor City: Automaker Ready To Take On Elon Musk
Tuesday, January 7, 2025 - 8:01pm | 910Automaker Toyota Motor Corp (NYSE:TM) made its presence at the 2025 CES conference felt announcing new plans for the space sector and an update on its city for inventors. From Cars to Rockets: Toyota might be following in the footsteps of Tesla Inc (NASDAQ:TSLA) CEO Elon Musk by also getting into...
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Toyota Says It Has Not Found Any Further Wrongdoing In Certification Applications Beyond Those Reported Earlier
Friday, July 5, 2024 - 5:28am | 468In a recent development, Toyota Motor (NYSE:TM) has announced that its internal investigation into car model certification applications has not uncovered any further instances of misconduct, beyond those previously reported last month. What Happened: Toyota has completed a thorough examination of...
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Toyota Chairman's Pay Hits $10M Despite Shareholder Concerns And Safety Probe
Tuesday, June 25, 2024 - 9:20am | 451Amid scrutiny over governance and safety issues, Toyota Motor Corp. (NYSE:TM) Chairman Akio Toyoda has seen a substantial increase in his compensation package for the fiscal year 2023. What Happened: According to an annual securities report filed Tuesday, Toyoda has been awarded a pay raise to $10....
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Toyota Chairman Akio Toyoda Retains Position Despite Decreased Shareholder Support
Tuesday, June 18, 2024 - 5:14am | 512In the face of scandals and governance issues, Toyota (NYSE:TM) Chairman Akio Toyoda and nine other board members have been re-elected at the annual general meeting on Tuesday. What Happened: Despite two leading proxy advisers recommending against Toyoda’s re-election, his reappointment was...
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Toyota Investors Oppose Former CEO's Board Re-Election Amid Power Concentration Worries: 'Need For More Independent Board Oversight Is Significant'
Monday, June 17, 2024 - 9:29am | 560In a surprising turn of events, several key investors of Toyota Motor Corp (NYSE:TM) have voiced their intention to vote against the re-election of former CEO Akio Toyoda to the board of directors. What Happened: These investors are apprehensive about Toyoda’s continued influence over the...
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Toyota's North America CEO Cites Customer Demand As Key Driver For EV Strategy: 'Wasted Investment Is Worse Than The Credit Purchase'
Saturday, March 2, 2024 - 1:46am | 519Toyota Motor North America CEO Ted Ogawa expects battery electric vehicles (BEVs) to account for only approximately 30% of the U.S. new-vehicle market by 2030. This is half of the target currently set by the Environmental Protection Agency for 2030. Why It Matters: “We are respecting the...
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Over Half Of US Car Buyers Lean Towards Electric Or Hybrid — Surprisingly, They Prefer This Brand Over Tesla
Friday, January 26, 2024 - 1:02am | 654A recent research study indicates a growing interest among U.S. citizens in purchasing an electric vehicle or hybrid car for their next buy, despite the noted high prices. What Happened: A study by GBK Collective, as reported by Business Insider, revealed that half of the over 2,000 U.S. car...
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How Tesla CEO Elon Musk Reacted To Toyota's Views On Electrification
Wednesday, January 24, 2024 - 12:24am | 445Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Tuesday responded to Japanese automaker Toyota Motor Corp‘s (NYSE:TM) views on electrification. What Happened: “Sigh,” Musk wrote in response to the Toyota Chairman’s forecasts for EVs. Sigh — Elon Musk (@elonmusk) January...
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Toyota Chairman Projects Mere 30% Maximum Market Share For Battery Electric Vehicles
Tuesday, January 23, 2024 - 8:54am | 389Chairman of Toyota Motor Corp. (NYSE:TM) Akio Toyoda forecasts battery electric vehicles (EVs) will secure no more than 30% of the global automotive market share, leaving the majority to other fuel technologies. What Happened: Toyoda envisions that hybrids, hydrogen fuel cell vehicles, and...
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Is Toyota Ready To Take On Tesla For Electric Vehicle Lead? 'I Don't Know If Love Can Beat Tesla'
Wednesday, July 5, 2023 - 5:52pm | 1049Automotive company Toyota Motor Corp (NYSE: TM) has been a leader in overall global automotive production for years. When it comes to electric vehicles, the company has lagged behind other rivals, something the company would like to fix. The new president of its new electric vehicle division...
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Is Volkswagen's Scandal All That Different From Past Auto Fails?
Tuesday, October 20, 2015 - 2:40pm | 1079Volkswagen AG (ADR) (OTC: VLKAY) is currently embroiled in a scandal regarding software that the German carmaker used to trick emissions tests into believing that the cars were more environmentally friendly than they really were. The ordeal has pummeled Volkswagen shares and has done major damage...
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Tesla's Elon Musk Made $37K Last Year, But Didn't Accept It
Thursday, April 23, 2015 - 2:50pm | 427According to a recent Schedule 14A SEC filing, Tesla Motors Inc (NASDAQ: TSLA)'s CEO Elon Musk makes barely $37,440 per year. This amounts to almost one tenth of what the company's CFO Deepak Ahuja earns from his executive activities in the company ($338,000 per year) and considerably...
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General Motors Recalls Now Total 4.8 Million
Monday, March 31, 2014 - 3:59pm | 618In what was rapidly turning into a “recall blitz,” General Motors Company (NYSE: GM) announced Saturday morning that it was adding 490,000 trucks and 172,000 compact cars to its recall total for the first three months of 2014. For anyone without a calculator handy, the total now stands at 4.8...
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Toyota Aims to be Top of the Global Sales Chart
Thursday, July 26, 2012 - 11:22am | 424Toyota (NYSE: TM), the Japan-based automobile manufacturer, is driving towards regaining the number one sales ranking in the global auto industry. While American car companies like Ford (NYSE: F) have been struggling in the second quarter due to a massive declines in sales in Europe and South...
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Toyota's Mistake--You Pay
Sunday, March 7, 2010 - 1:32pm | 264Toyota Motor Co. (NYSE: TM) has been in the news lately due to its various recalls. Company owner, Akio Toyoda, has appeared in D.C. several times in an effort to address the concerns that have been brought before him. You would think in a situation like this the company would be striving to please...