Toyota will prepare for assembly of an all-new, three row battery electric SUV in the U.S. as part of a new $1.4 billion investment in its Princeton facility, affirming Toyota’s commitment to reinvesting profits in its U.S. operations and bringing total investment in Toyota Indiana to $8 billion. This also brings the addition of up to 340 new, high-quality jobs…
Woven Planet Holdings, Inc., a subsidiary of Toyota Motor Corporation, has announced the acquisition of Renovo Motors, Inc., a Silicon Valley-based automotive operating system developer. Nikos Michalakis, Senior Vice President of Software Platform, Woven Planet Holdings, said, “The acquisition of Renovo supports Woven Planet’s work in transforming worldwide mobility. A key part in delivering our…
Woven Planet Holdings, Inc., a subsidiary of Toyota Motor Corporation, has agreed to acquire Level 5, the self-driving division of Lyft, Inc., a ride-hailing company. This marks the first major deal for the newly established Woven Planet, according to a statement made by the company. “The deal will bring together world-class scientists and software engineers…
Earlier in the month, Toyota Vice Chairman Shekar Viswanathan had said that the company would not be scaling up its operations in India, citing high tax structure as one of the reasons behind the move. The Union Minister Prakash Javadekar took cognisance of the matter, clearing all doubts on the Company’s move. Speaking on the…
Toyota Motor North America (TMNA) announced Executive changes to its Social Innovation and Toyota de Mexico operations. Sean Suggs, President of Toyota Motor Manufacturing, Mississippi (TMMMS), will be assigned as Group Vice President, Chief Social Innovation Officer, TMNA, effective September 1, 2020. In his new role, Suggs is responsible for TMNA’s philanthropic efforts, the Toyota…
Toyota Kirloskar Motor India Ltd recently notified that two of its employees at the Bidadi manufacturing plant near Bengaluru, have tested positive for COVID-19. The company said that due to health and safety concerns of other employees, it has temporarily suspended operations at the plant. The automaker said in a statement that the two employees…
Toyota Motor North America (TMNA) announced executive changes to help guide the company’s vision towards becoming a mobility company. These changes are effective June 15, 2020. Cheryl Hughes, former Group Vice President and Chief HR officer, TMNA, has become group Vice President, business revolution and transformation. In this newly created role, Hughes will be responsible…
Toyota Connected India Pvt. Ltd., a subsidiary of Toyota Connected Corporation, is expanding its global footprint with plans of setting up a new office in Chennai, India. The new setup will focus on enhancing development capability for connected services featuring technologies such as Machine Learning and Artificial intelligence. The Chennai office will work in close…