Toyota expects a sharp drop in profits

Many car manufacturers have conceded their outlook in the corona crisis. Toyota takes a look into the future – and expects a massive slump. Tokyo Toyota boss Akio Toyoda wants …

Toyota increases profit by more than 10 percent

Toyota Motor Corporation (TMC) today announced the financial results for the past financial year (April 1, 2019 to March 31, 2020). Despite the last quarter’s weakness due to coronavirus crisis, …

Coronavirus to cost Toyota 2 million cars

After having sold, all brands combined, nearly 10.5 million vehicles over the fiscal year ended in March, the Japanese manufacturer fears an 80% contraction in its operating profit over the …

Toyota to say goodbye to the V8 engine?

Toyota apparently plans to discontinue its V8 engine production. As the magazine “The Drive” claims to have learned from insider circles, the eight-cylinder is to be discontinued in the next …