Toyota puzzles environmentalists and rivals by not investing as heavily in electric vehicles

SalesMoney MattersHigh Tech / High TouchElectric Vehicles
Written By Jennifer Joslyn

The world’s largest automaker, Toyota, isn’t buying all-in into the electric vehicle push. Some environmentalist groups are criticizing the manufacturer for not investing more in electric car technology but the company has advised that it will take more than an electric car to make a more sustainable future.

Toyota’s rivals plan to exclusively offer electric vehicle options, while Toyota is projecting a third of its current sales by 2030.

Read more from CNBC ▶

Featured
Massive Toyota Recall Underway as Tacoma Trucks and More Pose Safety Risks
Massive Toyota Recall Underway as Tacoma Trucks and More Pose Safety Risks

Toyota Motor is recalling 381,199 Toyota Tacoma trucks from 2022 and 2023 in the US due to a brake performance issue posing a crash risk.

Toyota's $8 Billion Investment Boosts U.S. Battery Manufacturing and EV Commitment
Toyota's $8 Billion Investment Boosts U.S. Battery Manufacturing and EV Commitment

Toyota is committing an additional $8 billion to its battery manufacturing facility in North Carolina, marking the largest investment by a foreign automaker in the United States since the passage of the Inflation Reduction Act (IRA) in 2022.

Toyota Recalls Over 750,000 Highlanders Due to Bumper Issue, Potential Accident Risk
Toyota Recalls Over 750,000 Highlanders Due to Bumper Issue, Potential Accident Risk

Toyota is recalling approximately 751,000 Highlander and Highlander Hybrid vehicles due to an issue with the mounting tabs on their bumpers that could lead to parts detaching, potentially causing accidents.

GM President Mark Reuss Challenges UAW Rhetoric Amidst Ongoing Strikes
GM President Mark Reuss Challenges UAW Rhetoric Amidst Ongoing Strikes

General Motors (GM) President Mark Reuss has criticized the United Auto Workers (UAW) union for its rhetoric and the spread of "misinformation" during ongoing contract negotiations, as the UAW enters day six of targeted strikes against Detroit automakers.

UAW's Ultimatum: More Strikes Loom Over Auto Giants
UAW's Ultimatum: More Strikes Loom Over Auto Giants

The United Auto Workers (UAW) union has threatened to initiate more strikes at General Motors, Ford, and Stellantis plants if substantial progress is not made in negotiations by noon ET on Friday, according to UAW President Shawn Fain.

UAW Strikes Hit GM, Ford, and Stellantis Plants Amid Contract Dispute
UAW Strikes Hit GM, Ford, and Stellantis Plants Amid Contract Dispute

The United Auto Workers (UAW) union has initiated strikes at three major automotive plants owned by General Motors (GM), Ford, and Stellantis after failing to reach a new labor agreement on Thursday night.

Potential UAW Strike Could Force Political Stand on Organized Labor, Including President Biden
Potential UAW Strike Could Force Political Stand on Organized Labor, Including President Biden

A strike by the United Auto Workers (UAW) union against Detroit's major automakers, including General Motors, Ford, and Stellantis, could force politicians, including President Joe Biden, to take a stance on organized labor.

Automotive OEMs Boost Confidence in Supply Chain Resilience, but Sustainability Challenges Persist
Automotive OEMs Boost Confidence in Supply Chain Resilience, but Sustainability Challenges Persist

According to a survey by Capgemini, automotive original equipment manufacturers (OEMs) are increasingly confident in addressing future supply chain disruptions.

United Auto Workers Threatens Strike Against Detroit Automakers as Contracts Near Expiry
United Auto Workers Threatens Strike Against Detroit Automakers as Contracts Near Expiry

The United Auto Workers (UAW) union is prepared to strike against Detroit automakers, including General Motors, Stellantis, and Ford, if new agreements aren't reached as contracts expire.

Car Manufacturers' Data Practices Raise Privacy Concerns, Reveals Study
Car Manufacturers' Data Practices Raise Privacy Concerns, Reveals Study

A new study reveals that many major car manufacturers admit to selling personal information collected from their vehicles, with vague information about the buyers.

BMW warns of supply chain and inflation challenges in the future
BMW warns of supply chain and inflation challenges in the future

German automaker BMW has raised its outlook but anticipates challenges ahead related to its supply chain, electrification trends, and inflation

UAW President Takes Aggressive Approach in Contract Talks with Detroit Automakers
UAW President Takes Aggressive Approach in Contract Talks with Detroit Automakers

United Auto Workers (UAW) President Shawn Fain is leading the union with a new, politically savvy strategy in contract negotiations with Detroit automakers.

Toyota's Technological Breakthrough Aims to Halve Battery Weight, Size, and Cost, Potentially Transforming Electric Vehicles
Toyota's Technological Breakthrough Aims to Halve Battery Weight, Size, and Cost, Potentially Transforming Electric Vehicles

Toyota has announced a significant breakthrough in battery technology that could revolutionize the electric vehicle (EV) industry.

Exploring the Top 10 Largest Supply Chains
Exploring the Top 10 Largest Supply Chains

The top 10 largest automotive manufacturing supply chains include Volkswagen, Toyota, NRM Alliance (Nissan-Renault-Mitsubishi), General Motors (GM), Honda, Ford, Hyundai, Stellantis, BMW, and Mercedes-Benz.

Toyota's Fun Experiment: Developing an Electric Vehicle with Manual Transmission
Toyota's Fun Experiment: Developing an Electric Vehicle with Manual Transmission

Toyota engineers are developing a simulated manual transmission for electric cars, aiming to add a fun feature for those who enjoy the experience of shifting gears.

Toyota Shareholders Reject Climate Change Performance Proposal
Toyota Shareholders Reject Climate Change Performance Proposal

Shareholders at Toyota's annual general meeting rejected a proposal initiated by AkademikerPension, a Danish investment fund, calling for the automaker to improve its efforts in fighting climate change.

General Motors plans to allocate $632 million to produce next-generation pickup trucks in Indiana
General Motors plans to allocate $632 million to produce next-generation pickup trucks in Indiana

General Motors (GM) has revealed its plan to invest $632 million in an Indiana plant for the production of the next generation of full-size pickup trucks.

The Toyota manufacturer in Pakistan serves as a cautionary tale for supply chain management
The Toyota manufacturer in Pakistan serves as a cautionary tale for supply chain management

The Indus Motor Company (IMC) in Pakistan, which manufactures Toyota vehicles, has experienced ongoing production problems due to inventory shortages.

Production at Toyota Indus has been temporarily halted
Production at Toyota Indus has been temporarily halted

Toyota Indus, a subsidiary of Toyota operating in Pakistan, has announced the complete shutdown of its production plant in Karachi from June 3 to June 8, 2023.

We may not need EVs to lower carbon emissions
We may not need EVs to lower carbon emissions

Toyota has released a study suggesting that electric vehicles (EVs) may not be necessary to significantly reduce carbon emissions.

Toyota Faces Shareholder Pressure Over Climate-Related Lobbying Disclosure
Toyota Faces Shareholder Pressure Over Climate-Related Lobbying Disclosure

Progressive investors, including California Public Employees’ Retirement System (Calpers) and New York City’s public-worker pension funds, are seeking to remove Chairman Akio Toyoda from his position at Toyota.

Human rights violations are prevalent in the battery supply chains of Tesla and Toyota
Human rights violations are prevalent in the battery supply chains of Tesla and Toyota

A report by the Business and Human Rights Resource Centre (BHRRC) has revealed that major carmakers Tesla and Toyota are using batteries sourced from mines associated with human rights violations in Indonesia and the Philippines.

Rethinking Toyota's Supply Chain for the Post-Pandemic Era
Rethinking Toyota's Supply Chain for the Post-Pandemic Era

Toyota is reevaluating its inventory management approach after the pandemic highlighted the challenges of operating a just-in-time supply chain.

Rolls-Royce Highlights Ongoing Concerns Over Supply Chain Disruptions
Rolls-Royce Highlights Ongoing Concerns Over Supply Chain Disruptions

Rolls-Royce Holdings Plc acknowledges that supply chain disruptions remain a significant operational challenge, echoing concerns expressed by other manufacturers such as Airbus and Boeing.

Hyundai's Roadmap to Joining the Top Three Global EV Manufacturers by 2030
Hyundai's Roadmap to Joining the Top Three Global EV Manufacturers by 2030

Hyundai Motor Company is making significant investments in research and development, new plants, and expanding its electric vehicle (EV) lines and production capacity, with the aim of becoming one of the top three global EV manufacturers by 2030.

Tesla Raises Prices in Multiple Markets After Multiple Cuts
Tesla Raises Prices in Multiple Markets After Multiple Cuts

Tesla has increased the prices of its Model 3 and Model Y cars in key markets, including the US and China.

Chinese Commercial Vehicle Manufacturer Expands in Mexico, Aims for U.S. Market
Chinese Commercial Vehicle Manufacturer Expands in Mexico, Aims for U.S. Market

Chinese truck manufacturer, Beiqi Foton Motor, is planning to build a second plant in Mexico to produce electric vehicles with plans to export them to the US.

Global Expansion of Chinese Electric Vehicle Brands is Underway
Global Expansion of Chinese Electric Vehicle Brands is Underway

Chinese electric vehicle brands like BYD Auto, NIO, Geely Group’s Zeekr, and Ora are expanding globally and competing with Western and Japanese brands in their home markets.

Toyota Signs $210 Million Lease Agreement
Toyota Signs $210 Million Lease Agreement

A Southeast Toyota distributor has signed a lease agreement with Jaxport's 88-acre facility in Florida.

Tesla to Open a New Factory in Shanghai
Tesla to Open a New Factory in Shanghai

Tesla Inc. has announced that it will build a new factory in Shanghai to create a new megapack battery, which will increase tensions between Beijing and Washington.

Jennifer Joslyn
Previous

CVSA’s road check decommissions over 12,000 commercial motor vehicles
Next

Customers desire more environmentally-friend shipping methods, regardless of delays