Toyota
Some of the key events about Toyota
- 1935Established as an independent company, spinning off from Toyoda Automatic Loom Works
- 1947Produced its 100,000th vehicle, marking rapid post-war growth
- 1950Toyota was accused of using prison labor during World War II
- 1957Became the first Japanese car to be exported to the United States
- 1966Introduced the Corolla, which would become the world's best-selling car model
- 1982Formed a joint venture with General Motors, demonstrating international collaboration
- 1989Launched the Lexus brand, entering the luxury car market
- 1995Toyota recalled 242,000 vehicles due to seatbelt defects
- 1997Introduced the Prius, the world's first mass-produced hybrid electric vehicle
- 2008Surpassed General Motors to become the world's largest automaker by sales
- 2009Toyota recalled 3.8 million vehicles due to floor mat issues causing unintended acceleration
- 2010Toyota was fined $16.4 million by the U.S. government for delaying a safety recall
- 2012Toyota recalled 7.43 million vehicles worldwide due to faulty power window switches
- 2014Began large-scale production of fuel cell vehicles with the Mirai model
- 2014Toyota agreed to pay $1.2 billion to settle a U.S. criminal probe into sudden unintended acceleration issues
- 2016Toyota recalled 3.37 million vehicles worldwide for airbag and emissions control unit defects
- 2018Toyota recalled 2.4 million hybrid vehicles worldwide due to stalling problems
- 2020Toyota was fined $180 million for violating U.S. emissions reporting requirements
- 2021Became the first automaker to produce over 10 million vehicles in a single year
- 2022Toyota admitted to falsifying emissions data for diesel engines in Japan
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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BYD's hybrid sales outpace electric vehicles in 2024, signaling a shift in strategy. The Chinese automaker faces export opportunities amid growing global demand, but encounters regulatory hurdles and fierce competition.
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Toyota and its affiliate face a class action lawsuit in the U. S. for alleged emissions cheating in forklift engines. The case follows an internal probe that revealed testing irregularities.
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Asian shares rise, buoyed by Wall Street's tech-driven rally. Japan's Nikkei 225 soars 2.8% amid currency fluctuations and concerns over Nippon Steel's U.S. acquisition bid.
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Typhoon Shanshan brings torrential rain and strong winds to Japan, causing widespread disruption. At least three fatalities reported as millions receive evacuation notices and major industries suspend operations.
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Typhoon Shanshan strikes Kagoshima prefecture with intense winds and rain, leading to power outages affecting over 250,000 households. The storm is expected to move towards central Japan, including Tokyo, by the weekend.
Toyota Pledges Stricter Oversight Following Certification Scandal
Toyota outlines measures to prevent recurrence of fraudulent testing. The automaker suspends production of some models, potentially impacting annual output by 500,000 vehicles.
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Japanese government demands Toyota overhaul certification procedures following discovery of new irregularities. Seven additional models affected, including some certified internationally.
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Volkswagen's $5 billion Rivian investment fails to impress investors. The automaker faces challenges in China and ambitious US growth targets, while planning new electric models globally.