All articles tagged with #akio toyoda
Toyota Industries has received a $33 billion buyout offer from group companies, involving a tender for shares at a price below the current market, with plans to establish a new holding company and strengthen the Toyoda family's control over the company.
Toyota Industries is considering a $33 billion buyout by Toyota Group companies, led by Akio Toyoda, to privatize the company, strengthen family control, and improve corporate governance, with a tender offer expected soon.
Toyota has officially confirmed the development of a new Celica, marking the return of the iconic sports car nameplate. The announcement was made by Toyota's VP Yuki Nakajima at a public event, with the new Celica expected to launch alongside a new-generation GR86 model. While details remain sparse, the eighth-generation Celica could debut as early as 2025, possibly as a concept. Toyota is also exploring new powertrains, including a turbocharged 2.0-liter engine, as part of its future sports car lineup.
Japanese transport ministry officials inspected Toyota's headquarters following irregularities in vehicle certification applications, linked to a safety test scandal at its Daihatsu unit. Other automakers like Mazda, Honda, Suzuki, and Yamaha also admitted to submitting flawed data. While Toyota and Mazda suspended sales of some models, analysts believe the impact on sales will be limited. Toyota Chairman Akio Toyoda faces increased pressure, but is not expected to lose his seat. The scandal could disrupt Japan's automotive supply chain and affect the economy.
Toyota's chairman, Akio Toyoda, expressed doubts about electric vehicles (EVs) ever reaching 30% of the global market share, citing electricity access issues in parts of the world. The company has been hesitant to fully adopt EV technology, focusing on hybrids and exploring hydrogen fuel cell vehicles instead. Recent market trends show a slump in EV demand, with used Tesla prices falling and companies like Ford adjusting their EV production strategies.
Toyota's chairman, Akio Toyoda, remains skeptical about electric vehicles, predicting that only 30% of cars on the road will be powered by batteries. He advocates for a "multi-pathway approach" and emphasizes customer choice over regulations. Despite criticism, Toyota's sales of hybrid vehicles have surged, outpacing EV growth in the U.S. and China. The company plans to offer 30 battery-powered EVs by 2030, but faces competition from other automakers with more aggressive EV plans.
Toyota is testing its first all-electric GR sports car, which may come with a simulated manual transmission and have a stylish design. The prototype is being tested by Toyota Gazoo Racing (GR) and chairman Akio Toyoda himself. The car could have real engine noises and even jerk as it changes gears to feel like classic Toyota sports cars. However, it is uncertain if this specific electric GR will make it to market by 2026.
Toyota's chairman, Akio Toyoda, has revealed that the company's performance vehicle brand, Toyota Gazoo Racing (GR), is developing its first fully electric sports car. The car will be tested to ensure it meets or exceeds the performance of current ICE vehicles such as the GR Supra or GR Yaris. The car will include a manual transmission and fake engine noise to make it fun to drive. The news comes as Toyota revealed several new ambitious technologies to advance the company's transition to EVs, including a timeline for its next-gen EV batteries.
Toyota shareholders have re-elected Akio Toyoda to the board, rejecting an activist push to oust him. The automaker's president and CEO has been a driving force behind Toyota's push into electric and self-driving cars. The vote came after a contentious campaign by activist investor and lawyer, who had criticized Toyota's governance and called for more transparency.
Toyota's shares hit a 16-month high after shareholders voted to retain Akio Toyoda as chairman and endorsed the company's board and new EV strategy. Shareholders rejected proposals for greater disclosures on the automaker's climate lobbying and voted in favor of all 10 proposed members of the board. Toyota plans to introduce a full lineup of battery electric vehicles with "next generation" batteries from 2026 and aims to achieve sales of 1.5 million all-electric vehicles per year by 2026 and 3.5 million annually by 2030.
Toyota's shareholders, including the New York City's comptroller's office and the California Public Employees' Retirement System, are calling for the ouster of the company's board chairman, Akio Toyoda, due to the company's slow move towards electric vehicles. While Toyota still leads in selling hybrid cars, it is only now playing catch-up in making pure electric vehicles. The shareholders argue that the company's board does not have enough independent directors and have voted for a separate resolution calling for greater disclosure of the company's lobbying on climate change. The measure is unlikely to succeed, but shareholder revolts are rare in Japanese corporate culture.
Toyota shareholders are voting to remove longtime leader Akio Toyoda from the board over the automaker's EV stance, with several investors stating that they have voted or plan to vote. Although newly elected leader Koji Sato has promised to accelerate BEV development, shareholders are still not satisfied with the progress and are protesting against Toyoda's policy of not setting a date to go all-electric. Toyota has made a series of announcements to speed up the rollout, but investors are getting impatient as the trend towards EVs is only expected to accelerate.