Joby Aviation (JOBY) and Toyota (TM) Expand Partnership with Long-Term Supply Agreement for Key Powertrain and Actuation Components

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Go back to Joby Aviation (JOBY) and Toyota (TM) Expand Partnership with Long-Term Supply Agreement for Key Powertrain and Actuation Components

Toyota-affiliate Daihatsu rigged safety tests of 88,000 vehicles

April 28, 2023 11:07 AM EDT

Toyota (NYSE: TM) affiliate Daihatsu rigged part of the door in side-collision safety tests carried out for some 88,000 small cars, most of which were sold under the Toyota brand, the companies said on Friday.

Daihatsu said it had discovered the rigged safety test after a whistleblower report. It said it had reported the issue to regulatory agencies and stopped shipment of affected models.

They said the door trim on the affected vehicles had been modified with a... More

Japan announces $1.8B in subsidies for storage battery, chip projects

April 28, 2023 7:35 AM EDT

Industry Minister Yasutoshi Nishimura announced Friday that Japan will provide as much as $1.8 billion in subsidies for a slate of storage battery and chip-related projects, marking Tokyo's latest push towards greater supply chain security.

The Japanese government plans to give up to 184.6 billion yen ($1.38 billion) in subsidies for eight storage battery-related proposals and up to 56.4 billion yen for two semiconductor-related projects,... More

Toyota (TM) inches past production goal, warns of lingering chip shortage

April 27, 2023 8:30 AM EDT

Japan's Toyota Motor (NYSE: TM) said Thursday that the Japanese automaker has produced 9.13 million vehicles in the 12 months through March 31, a fraction ahead of its target, though that goal was downgraded twice from an initial goal for the year of around 9.7 million amid industry... More