CP, True Leasing, SCG, Toyota, and CJPT sign Memorandum of Understanding to Further Accelerate Cross-Industry Efforts Towards Achieving Carbon Neutrality in Thailand

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Toyota Motor (TM) Toyota recalls 1M vehicles in U.S.

December 20, 2023 2:26 PM EST

Toyota Motor (NYSE: TM) announced Wednesday that the Japanese automaker is recalling 1 million vehicles in the United States due to a defect in the vehicles air bag deployment system.

This issue could potentially lead to malfunctioning Occupant Classification System... More

Toyota (TM) halts all shipments of Daihatsu brand vehicles

December 20, 2023 10:35 AM EST

(Updated - December 20, 2023 11:22 AM EST)

UPDATE: article has been updated to include comments by Citi Research analysts.

Toyota (NYSE: TM) revealed Wednesday that the automakers small-car Daihatsu unit will halt shipments of all of its vehicles following a safety investigation that found issues involving 64 models, including almost two dozen sold under Toyota's brand.

Toyota stated that the impacted models included those intended for the Southeast Asian markets such as Thailand, Indonesia, Malaysia, Cambodia, and Vietnam. Additionally, the affected models extended to Central and South American countries including Mexico, Ecuador,... More