Forgery Fallouts: Daihatsu automotive admits to forging crash test results for 30 years
Tokyo, Japan — Daihatsu automotive has halted the sales and shipments of its vehicles at all Japan factory locations amid a safety probe revealing the automaker has been forging safety tests for the past 30 years. According to the safety investigation made at the end of December by Ministry of Transportation officials, Daihatsu, a subsidiary […]
Tuesday Ticker: Two 2023 growth stocks; Xpeng, Toyota
Toronto, Ontario — In this, the first Tuesday Ticker of the year, we’ll look at two stocks that saw exponential growth in 2023—Chinese automaker Xpeng and fan-favourite Toyota. Eyes on Xpeng Analysts are looking at Chinese brands like Xpeng Motors for peak performance in 2024. Xpeng is expecting a “brighter 2024,” in the OEM’s own […]
Travel Troubles: Toyota recalls airbags, suggests no front seat passengers
Toronto, Ontario — When making any trip for the holidays, it’s important to stay up-to-date on potential safety risks. Toyota has recently announced that it is recalling certain 2020 to 2022 vehicles due to an airbag that may not deploy for front seat passengers. In the United States, the recall covers over one million vehicles—according […]
Manageable Mattes: Toyota introduces new matte paint that is ‘easier to maintain’
Tokyo, Japan — Toyota has announced a special edition run of the Crown Crossover with a “Matte Metal” finish that the automaker claims is easier to maintain than other matte paints. The vehicle model originally debuted in Japan featuring an extra layer of protective coating aimed at making the matte finish included more durable. Based […]
Tuesday Ticker: General Motors adjusts to contract costs; Toyota offloads auto supplier shares
Toronto, Ontario — In this weekly Tuesday Ticker, General Motors changes some plans following some pricy labour contract costs, while Toyota and its affiliates offload a hefty number of shares in efforts to raise funds for electrification efforts. General Motors makes a U-turn General Motors is scaling back its EV and autonomous vehicle efforts following […]
Reliability Ratings: Consumer Reports reveals EVs are more reliable than PHEVs, but less than ICE vehicles
Toronto, Ontario — Electric vehicles have 79 percent more reliability problems on average than combustion cars, most of which occur in the high-voltage battery system, according to Consumer Reports’ (CR) latest Annual Auto Reliability Study. In 2023, CR gathered data on more than 330,000 vehicles from the 2000 to 2023 model years, as well as […]
Pausing Production: Toyota halts seven auto plants following explosion at parts supplier
Tokyo, Japan — Toyota will partially suspend operations at seven domestic plants through Thursday following an explosion that occurred at a component supplier’s factory. This suspension expands on an earlier decision to halt several facilities’ production following a blast that occurred at the Chuo Spring Co factory in Aichi prefecture—a factory where vehicle suspension coils […]
Environmental Exploration: AkzoNobel partners for carbon footprint reduction initiative in vehicle repair at 24 hour sustainability event
Amsterdam, Netherlands — Following a two day 24-hour challenge event in Amsterdam, Netherlands, which concluded November 22, AkzoNobel partners have developed sustainability initiatives for future carbon reduction goals. Partners who attended the two day event included representatives from Allianz, Arval, Boekhorst Autoschade, centro Zaragoza, Den Elzen Autoschade, Europcar Mobility Group, Grupo Velasco, Toyota and the […]
Lending Lows: Toyota financial unit to pay $60 million for illegal lending and credit reporting misconduct
Torrance, California — Toyota Motor Corp’s U.S.-based auto financing unit will pay $60 million in fines and restitution to settle a U.S. regulator’s charges that it illegally prevented borrowers from cancelling product bundles that increased their monthly car loan payments. On Monday, the Consumer Financial Protection Bureau (CFPB) said Toyota Motor Credit will pay a […]
EV/AV Report: Toyota Camrys go hybrid; Self-driving cars make auto emergency calls
Toronto, Ontario — In this weekly electric and autonomous vehicle report, Toyota announces that the 2024 Toyota Camry will be hybrid only; and Apple announces a patent for an autonomous vehicle feature that can detect driver emergencies. Here’s to hybrid For the 2025 model year, Toyota’s longest-running family sedan moves into its 9th generation with […]
