Toyota to Sell Entire Stake in Harmonic Drive Systems
Harmonic Drive Systems, a Japanese maker of speed reducers, confirmed that Toyota Motors is set to sell its entire share in the company. Following last week's announcement that Toyota would divest a stake in supplier Denso, this latest development has spurred hopes that Toyota...
Toyota Climate Resolution Receives Backing From ISS
Proxy adviser Institutional Shareholder Services (ISS) has thrown its support behind a climate change resolution that is set to be introduced in the Toyota Motor Corp's next shareholder meeting. The resolution calls on Toyota to provide more disclosure to shareholders with regard to its...
Toyota Q1 Profit Rises as Chip Shortage Subsides
Toyota Motor Corp. reported on Wednesday a net profit of 552.2 billion yen ($4 billion) for the first quarter, up from 533.8 billion yen ($3.9 billion).
Quarterly sales surged almost 20% to 9.69 trillion yen ($72 billion). According to the automaker, the rise in sales...
Toyota and Subaru Stocks Plunge Amid Electric Cars Recall
Toyota Motors' venture into all-electric vehicles is off to a bad start. The automaker recalled 2,700 units of its bZ4X SUV model after discovering that some cars had a risk of their wheels coming off. As a result, Toyota's stock lost 0.7 percent in...