Egypt acquires Toyota's stake in Offshore Drilling Company

Mon, 01 Aug 2022 - 01:36 GMT

The petroleum sector fully owns the offshore drillers Al-Qaher 1 and Al-Qaher 2, after the share of the Natural Gas Holding Company increased to 85 percent and South Wadi Petroleum Holding Company to 15 percent.

Trade min., Toyota team review projects in Egypt

Thu, 19 Dec 2019 - 01:04 GMT

The minister said the government is deeply interested in accomplishing this project and is looking forward to the contribution of more international automobile companies.

Sisi, Toyota chairman discuss expanding investments in Egypt

Sun, 30 Jun 2019 - 08:55 GMT

Sisi discussed on Sunday with the head of Japan's Toyota ways of expanding the company's investments in Egypt.

Alonso to leave Toyota WEC team after Le Mans

Thu, 02 May 2019 - 10:30 GMT

Fernando Alonso will be replaced by New Zealander Brendon Hartley in the Toyota World Endurance Championship (WEC) team after the 24 Hours of Le Mans in June.

Toyota, SoftBank team up to develop self-driving car services

Thu, 04 Oct 2018 - 09:14 GMT

Toyota and SoftBank’s new venture will start with 2 billion yen ($17.5 million) in capital, with SoftBank owning just over half of the business.

Toyota to invest $500M in Uber for self-driving cars

Tue, 28 Aug 2018 - 08:22 GMT

Toyota, one of the world’s largest carmakers, and Uber [UBER.UL], the leading ride-hailing service, are widely seen as lagging the competition in developing self-driving cars.

Toyota plans to expand production, shrink cost of hydrogen fuel cell vehicles

Thu, 26 Jul 2018 - 12:26 GMT

The maker of the Prius, the world’s first mass-produced “eco-friendly” gasoline-hybrid car in the 1990s, says it can popularize FCVs in part by making them cheaper.

Japan's Toyota officials discuss beefing up production in Egyptian market

Thu, 21 Jun 2018 - 12:10 GMT

Ambassador Kamel visited the Toyota Takaoka Assembly Plant, also known as Takaoka Plant, in Toyota City that produces 1,200 vehicles of various Toyota models per day.

Toyota pumps $1B in Grab in auto industry's biggest ride-hailing bet

Wed, 13 Jun 2018 - 10:12 GMT

Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm.

Business News Wrap-up

Sun, 11 Mar 2018 - 05:06 GMT

A wrap-up of the most prominent business news of the day.

Toyota: 40 years in the market, still going strong

Sun, 11 Mar 2018 - 03:51 GMT

Having been in the market for more than 40 years, Toyota has decided in 2017 to increase its investment in Egypt over a five-year span.

Egypt, Japan to set up refineries complex in Suez

Sun, 11 Mar 2018 - 11:36 GMT

Petroleum Minister Tarek el-Molla discussed with Japanese company Toyota on Sunday an initial study to establish a refineries complex in Suez governorate.

Toyota posts 54% jump in third quarter profit

Tue, 06 Feb 2018 - 07:22 GMT

Toyota Motor Corp lifted its full-year profit forecast by 10 percent on Tuesday after posting its best quarterly operating profit in two years.

Toyota unveils self-driving concept vehicle for rides, deliveries

Tue, 09 Jan 2018 - 05:00 GMT

Toyota Motor Corp announced on Monday a self-driving electric concept vehicle that it will tailor for companies to use for tasks like ride hailing.

VW 2017 group sales rose to around 10.7M cars, beating Toyota

Sun, 07 Jan 2018 - 09:40 GMT

Toyota said last month it expected to sell 10.35 million cars worldwide in 2017.

Former Toyota chief Tatsuro Toyoda dies at 88

Sat, 06 Jan 2018 - 06:23 GMT

Former Toyota Motor Corp President Tatsuro Toyoda, who helped the Japanese automaker become a global industrial power in the early 1990s, has died at the age of 88.

Toyota: Committed to hydrogen cars despite potential 'game changer' EV battery

Wed, 25 Oct 2017 - 04:32 GMT

Toyota Motor Corp said its solid-state battery technology under development could be a “game changer” for electric vehicles.

Toyota to halt operations at all Japan plants as typhoon precaution

Sun, 22 Oct 2017 - 11:22 GMT

Toyota Motor Corp will suspend operations at all of its assembly plants in Japan, including those of its subsidiaries.

Sisi approves loans for 250MW wind farm

Thu, 12 Oct 2017 - 09:43 GMT

The wind farm is developed by a consortium of Egypt’s Orascom Construction, France’s GD France, and Japan’s Toyota.

Toyota plans to build new Auris in UK

Fri, 06 Oct 2017 - 11:11 GMT

Toyota intends to build the next version of its Auris car at its British car plant on the assumption that the government secures a transitional Brexit deal.