Toyota motor's diversified auto portfolio has once again emerged as the world's top-selling automaker for the fourth consecutive year. This achievement not only showcases Toyota's resilience but also provides valuable insights into the state of the global economy and a glimpse into consumer preferances globally.

What Toyota's sales say about the global economy

Toyota Motor has issued a warning urging approximately 50,000 owners of older US vehicles to stop driving immediately and seek prompt recall repairs due to a potentially lethal defect in the air bag inflators. <o:p></o:p>

The advisory specifically covers certain 2003-2004 model year Corolla, 2003-2004 Corolla Matrix, and 2004-2005 RAV4s equipped with Takata air bag inflators. The Japanese automaker highlighted the gravity of the situation, stating that the faulty inflator could explode, posing a severe threat.<o:p></o:p>

Toyota's precautionary measure comes as a response to the longstanding global issue of Takata air bag inflators, linked to over 30 deaths worldwide, including 26 in the United States, and hundreds of injuries across various automakers since 2009. <o:p></o:p>

The defect causes the inflators to explode, releasing dangerous metal shrapnel within vehicles. This alarming situation has led to the recall of more than 67 million Takata air bag inflators in the United States alone by over 20 automakers, constituting the largest auto safety callback in history.<o:p></o:p>

In this latest recall by Toyota, the focus is on specific models, with the RAV4 recall involving the driver's airbag and the other recalls concerning the front passenger airbag only. Additionally, certain Corolla and Corolla Matrix models are subject to a second recall that may cause the airbag to deploy even in the absence of a crash. <o:p></o:p>

Toyota refrained from disclosing whether the "Do Not Drive" warning stemmed from a specific incident, such as a serious injury or fatality. The National Highway Traffic Safety Administration is yet to provide immediate comment on the matter.<o:p></o:p>

The urgency surrounding air bag safety recalls is not new to the automotive industry. Stellantis, the parent company of Chrysler, issued a similar warning in July for 29,000 owners of 2003 Dodge Ram pickups after a fatal incident involving a Takata air-bag inflator. <o:p></o:p>

Stellantis had previously urged owners of 276,000 older US vehicles to stop driving in November 2022 following three crash deaths linked to faulty Takata air bag inflators reported that year. Honda Motor also faced a similar situation in February 2023, issuing a "Do Not Drive" warning for 8,200 Acura and Honda vehicles after a driver's death in Kentucky from a defective Takata air bag inflator.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Toyota Motor has issued a warning urging approximately 50,000 owners of older US vehicles to stop driving immediately and seek prompt recall repairs due to a potentially lethal defect in the air bag inflators.

Toyota Motor has issued a warning urging approximately 50,000 owners of older US vehicles to stop driving immediately and seek prompt recall repairs due to a potentially lethal defect in the air bag inflators. The advisory specifically covers certain 2003-2004 model year Corolla, 2003-2004 Corolla Matrix, and 2004-2005 RAV4s equipped with Takata air bag inflators. The Japanese automaker highlighted the gravity of the situation, stating that the faulty inflator could explode, posing a severe threat. Toyota's precautionary measure comes as a response to the longstanding global issue of Takata air bag inflators, linked to over 30 deaths worldwide, including 26 in the United States, and hundreds of injuries across various automakers since 2009. The defect causes the inflators to explode, releasing dangerous metal shrapnel within vehicles. This alarming situation has led to the recall of more than 67 million Takata air bag inflators in the United States alone by over 20 automakers, constituting the largest auto safety callback in history. In this latest recall by Toyota, the focus is on specific models, with the RAV4 recall involving the driver's airbag and the other recalls concerning the front passenger airbag only. Additionally, certain Corolla and Corolla Matrix models are subject to a second recall that may cause the airbag to deploy even in the absence of a crash. Toyota refrained from disclosing whether the "Do Not Drive" warning stemmed from a specific incident, such as a serious injury or fatality. The National Highway Traffic Safety Administration is yet to provide immediate comment on the matter. The urgency surrounding air bag safety recalls is not new to the automotive industry. Stellantis, the parent company of Chrysler, issued a similar warning in July for 29,000 owners of 2003 Dodge Ram pickups after a fatal incident involving a Takata air-bag inflator. Stellantis had previously urged owners of 276,000 older US vehicles to stop driving in November 2022 following three crash deaths linked to faulty Takata air bag inflators reported that year. Honda Motor also faced a similar situation in February 2023, issuing a "Do Not Drive" warning for 8,200 Acura and Honda vehicles after a driver's death in Kentucky from a defective Takata air bag inflator. (With inputs from Reuters)

Toyota urges immediate repairs for 50,000 US vehicles over air bag threats

Halting production in japan until next month, daihatsu pledges compensation for 423 domestic suppliers directly affected by the crisis. The move follows a comprehensive safety investigation that led to the suspension of shipments for 64 models, including those under the toyota brand.

Daihatsu Motor to compensate suppliers as plants remain idled | World Business Watch

In the wake of safety concerns leading to the suspension of its Japanese plants, Toyota Motor's subsidiary, Daihatsu Motor, has announced plans to compensate 423 domestic suppliers directly affected by the production halt. <o:p></o:p>

According to Reuters, the suspension, set to continue until the end of next month, comes in response to safety concerns identified in 64 models, nearly two dozen of which are sold under Toyota's brand. A Daihatsu spokesperson revealed that the compensation strategy would be based on past business volumes, aiming to address the financial impact on the extensive supplier network.<o:p></o:p>

Daihatsu's decision to cease shipments of all its vehicles follows a safety investigation that uncovered issues in various models. While the company is grappling with the suspension, it remains committed to mitigating the consequences for its supplier network. <o:p></o:p>

The spokesperson emphasised that Daihatsu is collaborating closely with its main suppliers to manage the aftermath of the safety scandal. Moreover, the company is exploring ways to assist smaller subcontractors, not covered by compensation, in accessing support funds provided by the industry ministry.<o:p></o:p>

Daihatsu's overseas operations, primarily concentrated in Southeast Asia, have been notably affected by the production halt. Despite the challenges, the company has resumed the production of Perodua brand cars in collaboration with Malaysian automaker Perodua.<o:p></o:p>

Regulatory clearance was obtained for the joint venture, allowing Daihatsu to recommence operations at two plants. The spokesperson highlighted that the company's subsidiary in Indonesia, PT Astra Daihatsu Motor, has also resumed shipments as of Friday, signalling a gradual recovery in certain overseas markets.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

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In the wake of safety concerns leading to the suspension of its Japanese plants, Toyota Motor's subsidiary, Daihatsu Motor, has announced plans to compensate 423 domestic suppliers directly affected by the production halt.

In the wake of safety concerns leading to the suspension of its Japanese plants, Toyota Motor's subsidiary, Daihatsu Motor, has announced plans to compensate 423 domestic suppliers directly affected by the production halt. According to Reuters, the suspension, set to continue until the end of next month, comes in response to safety concerns identified in 64 models, nearly two dozen of which are sold under Toyota's brand. A Daihatsu spokesperson revealed that the compensation strategy would be based on past business volumes, aiming to address the financial impact on the extensive supplier network. Daihatsu's decision to cease shipments of all its vehicles follows a safety investigation that uncovered issues in various models. While the company is grappling with the suspension, it remains committed to mitigating the consequences for its supplier network. The spokesperson emphasised that Daihatsu is collaborating closely with its main suppliers to manage the aftermath of the safety scandal. Moreover, the company is exploring ways to assist smaller subcontractors, not covered by compensation, in accessing support funds provided by the industry ministry. Daihatsu's overseas operations, primarily concentrated in Southeast Asia, have been notably affected by the production halt. Despite the challenges, the company has resumed the production of Perodua brand cars in collaboration with Malaysian automaker Perodua. Regulatory clearance was obtained for the joint venture, allowing Daihatsu to recommence operations at two plants. The spokesperson highlighted that the company's subsidiary in Indonesia, PT Astra Daihatsu Motor, has also resumed shipments as of Friday, signalling a gradual recovery in certain overseas markets. (With inputs from Reuters) WATCH WION LIVE HERE

Daihatsu announces compensation plans amid production halt due to safety concerns

A weak Yen has helped Toyota earns huge profits in the July-September quarter this year. A turbocharged Toyota has also raised its outlook for 2023 after its car sales rose across the world. The world's top-selling automaker reported a record operating profit of 9.5 billion dollars in the quarter ending September. That was a 155.6% increase from a year earlier

Toyota shares slump on safety scandal at Daihatsu, vehicle recall

Toyota Motor has announced a comprehensive recall due to a potential airbag issue linked to a sensor short circuit which in turn is set of affect 1.12 million vehicles worldwide. &nbsp;

According to Reuters, the recall spans model years 2020 through 2022, encompassing various popular models such as Avalon, Camry, Corolla, RAV4, Lexus ES250, ES300H, ES350, RX350 Highlander, and Sienna Hybrid vehicles. The flaw, centred around the Occupant Classification System (OCS) sensors, poses a risk of airbags failing to deploy as intended, particularly if a small adult or child occupies the front seat. The recall includes one million vehicles in the US.&nbsp;

The specific concern revolves around the OCS sensors, crucial components that ensure airbags refrain from deploying when a small adult or child is detected in the front seat. The global recall aims to address the potential malfunction by having dealers inspect and replace the sensors if necessary. Toyota plans to commence notifying affected vehicle owners in February 2023, facilitating a swift response to rectify the identified issue.&nbsp;

This is not the first time Toyota has encountered airbag-related issues. In July 2022, the automaker issued a recall affecting 3,500 RAV4 vehicles in the US. The recall was prompted by concerns about potential interference between internal components that could lead to the OCS sensor incorrectly detecting the occupant. While frontal airbags have proven instrumental in saving over 50,000 lives in the US over the past 30 years, safety authorities emphasise the critical importance of addressing specific concerns to prevent injuries, especially to children and small adults.&nbsp;

The development of the new OCS sensors is rooted in the recognition that older airbags deployed uniformly for all occupants, potentially causing injuries and, in rare cases, fatalities. The National Highway Traffic Safety Administration (NHTSA) acknowledged that past airbag deployment methods posed risks to children, small adults, and unbelted passengers who were in close proximity to the airbag at the moment of deployment. The introduction of enhanced sensors seeks to mitigate such risks and further enhance the overall safety of Toyota vehicles.&nbsp;

(With inputs from Reuters)&nbsp;

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Toyota Motor has announced a comprehensive recall due to a potential airbag issue linked to a sensor short circuit which in turn is set of affect 1.12 million vehicles worldwide.

Toyota Motor has announced a comprehensive recall due to a potential airbag issue linked to a sensor short circuit which in turn is set of affect 1.12 million vehicles worldwide. According to Reuters, the recall spans model years 2020 through 2022, encompassing various popular models such as Avalon, Camry, Corolla, RAV4, Lexus ES250, ES300H, ES350, RX350 Highlander, and Sienna Hybrid vehicles. The flaw, centred around the Occupant Classification System (OCS) sensors, poses a risk of airbags failing to deploy as intended, particularly if a small adult or child occupies the front seat. The recall includes one million vehicles in the US. The specific concern revolves around the OCS sensors, crucial components that ensure airbags refrain from deploying when a small adult or child is detected in the front seat. The global recall aims to address the potential malfunction by having dealers inspect and replace the sensors if necessary. Toyota plans to commence notifying affected vehicle owners in February 2023, facilitating a swift response to rectify the identified issue. This is not the first time Toyota has encountered airbag-related issues. In July 2022, the automaker issued a recall affecting 3,500 RAV4 vehicles in the US. The recall was prompted by concerns about potential interference between internal components that could lead to the OCS sensor incorrectly detecting the occupant. While frontal airbags have proven instrumental in saving over 50,000 lives in the US over the past 30 years, safety authorities emphasise the critical importance of addressing specific concerns to prevent injuries, especially to children and small adults. The development of the new OCS sensors is rooted in the recognition that older airbags deployed uniformly for all occupants, potentially causing injuries and, in rare cases, fatalities. The National Highway Traffic Safety Administration (NHTSA) acknowledged that past airbag deployment methods posed risks to children, small adults, and unbelted passengers who were in close proximity to the airbag at the moment of deployment. The introduction of enhanced sensors seeks to mitigate such risks and further enhance the overall safety of Toyota vehicles. (With inputs from Reuters) WATCH WION LIVE HERE

Toyota initiates global recall of 1.12 million vehicles over airbag concerns 

Elfyn Evans took a commanding lead in early racing at the Rally Japan in extremely wet conditions on Friday (November 17) which forced the cancellation of the morning's third stage due to safety concerns. The Toyota driver was in ninth place at the end of Thursday (November 16) but surged to a 26-second lead over Hyundai’s Thierry Neuville after winning the two stages that did manage to go forward.

Also Read:&nbsp;<a href="https://www.wionews.com/football/uswnt-star-trinity-rodman-meets-serena-williams-after-win-against-china-almost-gets-embarrassed-read-why-665720">USWNT star Trinity Rodman meets Serena Williams after win against China. Almost gets embarrassed | Read Why</a>

Toyota’s Sebastien Ogier was in third, 42 seconds off the leader with 2023 champion Kalle Rovanpera back in fifth more than a minute and a half off Evans.

Hyundai’s Dani Sordo was forced to retire when he locked up and slid into the brush shortly after the start of stage two.

Toyota’s Takamoto Katsuta also went off the road in the same area but was able to continue crossing in 24th position five and a half minutes of the leader after losing time in the crash.

Elfyn Evans took a commanding lead in early racing at the Rally Japan in extremely wet conditions on Friday (November 17) which forced the cancellation of the morning's third stage due to safety concerns.

Elfyn Evans took a commanding lead in early racing at the Rally Japan in extremely wet conditions on Friday (November 17) which forced the cancellation of the morning's third stage due to safety concerns. The Toyota driver was in ninth place at the end of Thursday (November 16) but surged to a 26-second lead over Hyundai’s Thierry Neuville after winning the two stages that did manage to go forward. Also Read: USWNT star Trinity Rodman meets Serena Williams after win against China. Almost gets embarrassed | Read Why Toyota’s Sebastien Ogier was in third, 42 seconds off the leader with 2023 champion Kalle Rovanpera back in fifth more than a minute and a half off Evans. Hyundai’s Dani Sordo was forced to retire when he locked up and slid into the brush shortly after the start of stage two. Toyota’s Takamoto Katsuta also went off the road in the same area but was able to continue crossing in 24th position five and a half minutes of the leader after losing time in the crash.

Elfyn Evans takes commanding lead in extreme wet conditions at Rally Japan

A weak Yen has helped Toyota earns huge profits in the July-September quarter this year. A turbocharged Toyota has also raised its outlook for 2023 after its car sales rose across the world. The world's top-selling automaker reported a record operating profit of 9.5 billion dollars in the quarter ending September. That was a 155.6% increase from a year earlier.

Toyota's operating profit at $9.5 bn in July-September quarter | World Business Watch

Toyota Motor has reported a remarkable surge in its second-quarter profit, more than doubling its earnings while significantly revising its full-year outlook. The substantial boost in profits is attributed to a weaker yen currency, which has amplified the impact of robust global sales. &nbsp;

The world's top-selling automaker, unveiled a record operating profit of 1.44 trillion yen ($9.5 billion) in the quarter ending September, marking a 155.6 per cent increase from the previous year.&nbsp;

This surge in earnings is driven by increased sales across all global regions, encompassing the United States, Asia, and Toyota's home market. Over the first six months of this fiscal year, Toyota witnessed a surge in car sales when compared to the same period a year earlier, reaffirming its strong position in the global automotive market.&nbsp;

While Toyota has faced criticism for its perceived hesitance in embracing battery electric vehicles (EVs), the company embarked on a significant overhaul of its EV strategy in June. Toyota made a substantial commitment to enhance the driving range and reduce the costs of electric vehicles. &nbsp;

Market sentiment appears to be rallying around this new strategy, and Toyota is experiencing renewed interest in its line-up of gasoline-electric hybrids. This resurgence in hybrid interest coincides with a recent decline in enthusiasm for pure EVs, particularly in the United States, where consumers grapple with higher financing costs.&nbsp;

Hybrids continue to make up over 90 per cent of Toyota's electrified car sales. In the quarter ending September, hybrid sales experienced a substantial 41 per cent increase, totalling 888,000 vehicles. This surge in hybrid sales indicates the continued demand for these vehicles, which tend to be more cost-effective than some battery-powered EVs.&nbsp;

Despite Toyota's performance, analysts have highlighted a set of challenges that lie ahead, particularly in the Chinese market. In China, the rapid ascent of domestic EV manufacturers and the swift transition to battery-powered vehicles have posed difficulties for companies like Nissan Motor and Honda Motor. &nbsp;

According to Reuters, Chief Financial Officer Yoichi Miyazaki acknowledged that China is currently experiencing a "very severe price competition," particularly concerning battery EVs.&nbsp;

Additionally, Toyota faces competitive challenges in Southeast Asian markets such as Thailand, where a surge in Chinese investments, driven by the increasing demand for EVs, has led to intense competition. &nbsp;

Despite this, Toyota is determined to navigate these competitive landscapes as it aims to further its growth plans. The company recently announced an $8 billion boost in investment in a North Carolina plant focused on manufacturing batteries for hybrids, plug-in hybrids, and full-battery vehicles.&nbsp;

Toyota's second-quarter results have led to an upward revision of its full-year profit forecast. The company now expects a full-year profit of 4.5 trillion yen, up from the previous projection of 3 trillion yen. The favourable impact of foreign exchange rates, attributed to a weaker yen, plays a significant role in this revised profit outlook. &nbsp;

The company assumed an average rate of 141 yen per dollar for its calculations for the 2023-24 financial year, compared to the previous rate of 125 yen per dollar.&nbsp;

Additionally, Toyota has announced a 100 billion yen share buyback program, and its shares gained 4.7 per cent following the release of these results, contributing to a 2.4 per cent increase in Japan's benchmark Nikkei index.&nbsp;

(With inputs from Reuters)&nbsp;

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Toyota Motor has reported a remarkable surge in its second-quarter profit, more than doubling its earnings while significantly revising its full-year outlook. The substantial boost in profits is attributed to a weaker yen currency, which has amplified the impact of robust global sales.

Toyota Motor has reported a remarkable surge in its second-quarter profit, more than doubling its earnings while significantly revising its full-year outlook. The substantial boost in profits is attributed to a weaker yen currency, which has amplified the impact of robust global sales. The world's top-selling automaker, unveiled a record operating profit of 1.44 trillion yen ($9.5 billion) in the quarter ending September, marking a 155.6 per cent increase from the previous year. This surge in earnings is driven by increased sales across all global regions, encompassing the United States, Asia, and Toyota's home market. Over the first six months of this fiscal year, Toyota witnessed a surge in car sales when compared to the same period a year earlier, reaffirming its strong position in the global automotive market. While Toyota has faced criticism for its perceived hesitance in embracing battery electric vehicles (EVs), the company embarked on a significant overhaul of its EV strategy in June. Toyota made a substantial commitment to enhance the driving range and reduce the costs of electric vehicles. Market sentiment appears to be rallying around this new strategy, and Toyota is experiencing renewed interest in its line-up of gasoline-electric hybrids. This resurgence in hybrid interest coincides with a recent decline in enthusiasm for pure EVs, particularly in the United States, where consumers grapple with higher financing costs. Hybrids continue to make up over 90 per cent of Toyota's electrified car sales. In the quarter ending September, hybrid sales experienced a substantial 41 per cent increase, totalling 888,000 vehicles. This surge in hybrid sales indicates the continued demand for these vehicles, which tend to be more cost-effective than some battery-powered EVs. Despite Toyota's performance, analysts have highlighted a set of challenges that lie ahead, particularly in the Chinese market. In China, the rapid ascent of domestic EV manufacturers and the swift transition to battery-powered vehicles have posed difficulties for companies like Nissan Motor and Honda Motor. According to Reuters, Chief Financial Officer Yoichi Miyazaki acknowledged that China is currently experiencing a "very severe price competition," particularly concerning battery EVs. Additionally, Toyota faces competitive challenges in Southeast Asian markets such as Thailand, where a surge in Chinese investments, driven by the increasing demand for EVs, has led to intense competition. Despite this, Toyota is determined to navigate these competitive landscapes as it aims to further its growth plans. The company recently announced an $8 billion boost in investment in a North Carolina plant focused on manufacturing batteries for hybrids, plug-in hybrids, and full-battery vehicles. Toyota's second-quarter results have led to an upward revision of its full-year profit forecast. The company now expects a full-year profit of 4.5 trillion yen, up from the previous projection of 3 trillion yen. The favourable impact of foreign exchange rates, attributed to a weaker yen, plays a significant role in this revised profit outlook. The company assumed an average rate of 141 yen per dollar for its calculations for the 2023-24 financial year, compared to the previous rate of 125 yen per dollar. Additionally, Toyota has announced a 100 billion yen share buyback program, and its shares gained 4.7 per cent following the release of these results, contributing to a 2.4 per cent increase in Japan's benchmark Nikkei index. (With inputs from Reuters) WATCH WION LIVE HERE

Toyota achieves impressive Q2 profit amid weak yen and growing hybrid demand 

In its drive towards sustainable living, and to battle climate change India has unveiled the world's first ever 100 per cent ethanol-fuelled car. Launched by India’s union Road Transport and Highways Minister, Nitin Gadkari, the all-new Toyota Innova MPV is the first electrified flex-fuel vehicle.

Toyota Innova MPV: World' first 100% ethanol-fuelled car

Japanese auto giant Toyota said Tuesday (August 29) it halted operations at 12 of its 14 factories in Japan owing to a ‘system glitch’. The company claimed it did not appear to be a cyberattack.

“Twelve vehicle factories, affecting 25 lines, are not able to process orders for parts due to a system glitch… At this point, we believe it is not a cyberattack,” a Toyota spokesman told AFP.

The glitch reportedly began Tuesday morning. Toyota refrained from sharing more details but added, “We will continue to investigate the cause of the matter and will restore it as soon as possible.”

It was not clear when normal production was expected to resume. Also, the company did not make it clear whether or not factories abroad were affected.

Toyota’s two factories in the country are still operational. One factory in the southern Kyushu region and a subsidiary Daihatsu’s factory in Kyoto did not experience any glitches.

<h2>Toyota stocks plunge</h2>

The unexpected glitch caused Toyota's stocks to drop 0.64 per cent, to 2,421.0 yen, pushing them into negative territory. The downward trend seemed to ease before the midday pause in Tokyo's market activity.

In the previous year, Toyota had to halt operations across its domestic factories due to a cyberattack on one of its subsidiaries.

Watch:&nbsp;Toyota’s net income surges by 75%

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As one of Japan's most significant and esteemed companies, Toyota's manufacturing operations have a considerable impact on the nation's economy.

Toyota is renowned for its remarkable efficiency and the "just-in-time" production system, which involves delivering small batches of essential components during various stages of assembly. While this strategy reduces costs and enhances efficiency, it also carries significant risks.

Despite facing pandemic challenges and global chip shortage, Toyota managed to maintain its position as the world's top-selling automaker for the third consecutive year in 2022.

<h2>Toyota financial outlook</h2>

In the fiscal year leading up to March 2024, Toyota aimed to achieve a net profit of 2.58 trillion yen ($17.6 billion), marking a 5.2 per cent increase from the previous year. The company also targeted sales of 38 trillion yen.

Major automakers have experienced a strong surge in global demand following the slowdown caused by the COVID-19 pandemic. Shortages of semiconductors, however, have constrained production capacity for various products, including cars and smartphones.

<a href="https://www.wionews.com/science/japan-postpones-moon-sniper-mission-due-to-wind-conditions-629785">Also read:&nbsp;Japan postpones `Moon Sniper` mission due to wind conditions</a>

While Toyota reported improvements in chip supplies and efforts to restore production to normal levels by working closely with suppliers and raising product prices, the company still faced challenges in delivering new vehicles to customers on time.

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Japanese auto giant Toyota said Tuesday (August 29) it halted operations at 12 of its 14 factories in Japan owing to a ‘system glitch’. The company claimed it did not appear to be a cyberattack.

Japanese auto giant Toyota said Tuesday (August 29) it halted operations at 12 of its 14 factories in Japan owing to a ‘system glitch’. The company claimed it did not appear to be a cyberattack. “Twelve vehicle factories, affecting 25 lines, are not able to process orders for parts due to a system glitch… At this point, we believe it is not a cyberattack,” a Toyota spokesman told AFP. The glitch reportedly began Tuesday morning. Toyota refrained from sharing more details but added, “We will continue to investigate the cause of the matter and will restore it as soon as possible.” It was not clear when normal production was expected to resume. Also, the company did not make it clear whether or not factories abroad were affected. Toyota’s two factories in the country are still operational. One factory in the southern Kyushu region and a subsidiary Daihatsu’s factory in Kyoto did not experience any glitches. Toyota stocks plunge The unexpected glitch caused Toyota's stocks to drop 0.64 per cent, to 2,421.0 yen, pushing them into negative territory. The downward trend seemed to ease before the midday pause in Tokyo's market activity. In the previous year, Toyota had to halt operations across its domestic factories due to a cyberattack on one of its subsidiaries. Watch: Toyota’s net income surges by 75% × As one of Japan's most significant and esteemed companies, Toyota's manufacturing operations have a considerable impact on the nation's economy. Toyota is renowned for its remarkable efficiency and the "just-in-time" production system, which involves delivering small batches of essential components during various stages of assembly. While this strategy reduces costs and enhances efficiency, it also carries significant risks. Despite facing pandemic challenges and global chip shortage, Toyota managed to maintain its position as the world's top-selling automaker for the third consecutive year in 2022. Toyota financial outlook In the fiscal year leading up to March 2024, Toyota aimed to achieve a net profit of 2.58 trillion yen ($17.6 billion), marking a 5.2 per cent increase from the previous year. The company also targeted sales of 38 trillion yen. Major automakers have experienced a strong surge in global demand following the slowdown caused by the COVID-19 pandemic. Shortages of semiconductors, however, have constrained production capacity for various products, including cars and smartphones. Also read: Japan postpones `Moon Sniper` mission due to wind conditions While Toyota reported improvements in chip supplies and efforts to restore production to normal levels by working closely with suppliers and raising product prices, the company still faced challenges in delivering new vehicles to customers on time. WATCH WION LIVE HERE ×

Toyota hit by massive system glitch, 12 factories halt production in Japan

Toyota the world's top automaker faces a significant production setback all assembly plans in Japan are coming to a standstill due to a malfunction in the production system. As the investigation into the production system malfunction unfolds Toyota spokespersons have indicated that the issue is unlikely to be a result of a Cyber attack. This anomaly has notably obstructed the company's capacity to order essential components forcing the suspension of operations at all 14 assembly plants.

Malfunction pauses Toyota's Japanese assembly lines

Toyota motors have hit top gear, enjoying a smooth ride during its first quarter under the leadership of CEO Koji Sato. The Japanese vehicle manufacturer reported a staggering 75% increase in net income, reaching an impressive 9.1 billion dollars. Operating margins soared past 10%, propelling Toyota's shares to an all-time high in the market.

Toyota’s net income surges by 75%

Toyota Motors has kicked into high gear, experiencing a smooth ride in its first quarter under the leadership of CEO Koji Sato.

The Japanese automotive giant has reported an astounding 75 per cent&nbsp;surge in net income, soaring to an impressive $9.1 billion. Operating margins have rocketed past 10 per cent, propelling Toyota's market shares to an all-time high.

With improved semiconductor supplies, a critical component, the company adeptly met the burgeoning demand for its vehicles. Additionally, a weaker yen has played to Toyota's advantage in its extensive overseas operations, with the exception of Asia, where fierce competition on Chinese roads impacted performance.

Additionally, a 15 per cent&nbsp;increase in the average vehicle selling price has significantly contributed to a nearly 24 per cent&nbsp;revenue surge for the quarter.

However, beneath Toyota's electrifying accomplishments lie substantial challenges on the horizon, despite new-energy powertrains accounting for over a third of sales during the reporting period.

Nonetheless, the company's trading multiple remains impressively just below 10 times the projected earnings for the next 12 months, almost double that of its counterparts like Ford Motor, General Motors, Stellantis, and Nissan Motor.

While Toyota makes significant strides in the electric car market, hybrids constituted more than a third of sales during the reporting period, primarily involving conventional engines combined with batteries. Intriguingly, a mere 29,000 out of the 2.3 million vehicles sold since Sato's intervention were purely electric.

Furthermore, CEO Koji Sato has strategically focused on penetrating the competitive Chinese market, where local contenders are gaining market share, particularly at the expense of well-established brands that have been relatively slower in developing battery-powered vehicles. These same Chinese brands are also expanding into new markets like Thailand, a region historically strong&nbsp;for&nbsp;Toyota.

As part of Toyota's commitment to electrification, CEO Koji Sato has signaled a renewed emphasis, with the company planning to infuse $1.8 billion into its EV business through share sales in telecom&nbsp;company KDDI.&nbsp;

(Inputs from Reuters)

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Toyota Motors has kicked into high gear, experiencing a smooth ride in its first quarter under the leadership of CEO Koji Sato. The Japanese automotive giant has reported an astounding 75 per cent surge in net income, soaring to an impressive $9.

Toyota Motors has kicked into high gear, experiencing a smooth ride in its first quarter under the leadership of CEO Koji Sato. The Japanese automotive giant has reported an astounding 75 per cent surge in net income, soaring to an impressive $9.1 billion. Operating margins have rocketed past 10 per cent, propelling Toyota's market shares to an all-time high. With improved semiconductor supplies, a critical component, the company adeptly met the burgeoning demand for its vehicles. Additionally, a weaker yen has played to Toyota's advantage in its extensive overseas operations, with the exception of Asia, where fierce competition on Chinese roads impacted performance. Additionally, a 15 per cent increase in the average vehicle selling price has significantly contributed to a nearly 24 per cent revenue surge for the quarter. However, beneath Toyota's electrifying accomplishments lie substantial challenges on the horizon, despite new-energy powertrains accounting for over a third of sales during the reporting period. Nonetheless, the company's trading multiple remains impressively just below 10 times the projected earnings for the next 12 months, almost double that of its counterparts like Ford Motor, General Motors, Stellantis, and Nissan Motor. While Toyota makes significant strides in the electric car market, hybrids constituted more than a third of sales during the reporting period, primarily involving conventional engines combined with batteries. Intriguingly, a mere 29,000 out of the 2.3 million vehicles sold since Sato's intervention were purely electric. Furthermore, CEO Koji Sato has strategically focused on penetrating the competitive Chinese market, where local contenders are gaining market share, particularly at the expense of well-established brands that have been relatively slower in developing battery-powered vehicles. These same Chinese brands are also expanding into new markets like Thailand, a region historically strong for Toyota. As part of Toyota's commitment to electrification, CEO Koji Sato has signaled a renewed emphasis, with the company planning to infuse $1.8 billion into its EV business through share sales in telecom company KDDI. (Inputs from Reuters) WATCH WION LIVE HERE

Toyota Motors' net income electrifies investors, surges 75% in Q1

In December 2022, Toyota previewed the second-generation C-HR by unveiling the Prologue concept, and now, the subsequent production model has arrived in the form of the 2024 C-HR. Developed and engineered in Europe, the new C-HR continues to carry over the funky styling of its predecessor, and this time, Toyota has thrown in a new plug-in hybrid powertrain as well to up its practicality.

2024 Toyota C-HR Crossover Arrives with Plug-in Hybrid Power

Toyota has become a household name in Afghanistan. The sturdy vehicles made by the Japanese automaker became a curiously iconic symbol of Taliban force in the 1990s. Watch this story and find out why Afghans love Toyota so much

Afghanistan's love affair with Toyota | Inside South Asia

Toyota Motor Corp on Friday admitted that the vehicle data of 2.15 million customers in Japan, including those of its luxury brand Lexus, had been publicly available for almost a decade due to a 'human error'. The incident, which affected nearly the entire customer base who signed up for Toyota’s main cloud service platforms since 2012, was caused by a cloud system being set to public instead of private.

It also affected customers who signed up for the T-Connect — a service that provides a wide range of services including AI voice-enabled driving assistance, auto connection to call centres for vehicle management, and emergency support in such cases as a traffic accident or sudden illness — and Lexus vehicle's G-Link services were affected.&nbsp;

As per the company, while there have been no reports of malicious use, details such as vehicle locations and identification numbers of vehicle devices could have been compromised.&nbsp;

This incident, as per Reuters, comes to light as Toyota is making a push into vehicle connectivity and cloud-based data management to offer autonomous driving and other artificial intelligence-backed features.

Also read |&nbsp;<a href="https://www.wionews.com/world/296000-toyota-customers-affected-by-a-data-breach-that-went-undetected-since-2017-523496">296,000 Toyota customers affected by a data breach that went undetected since 2017</a>

Responding to a question regarding why it took Toyota so long to realise the mistake, a spokesperson for the company said, "There was a lack of active detection mechanisms, and activities to detect the presence or absence of things that became public."

The issue, as per Reuters, began in November 2013 and lasted until mid-April of this year.

The Personal Information Protection Commission in Japan has been notified of the incident, but the body has declined to disclose details in accordance with their practice. Toyota has taken measures to prevent unauthorised outside access to the data and is conducting an investigation of all cloud environments managed by Toyota Connected Corp.

Toyota’s announcement follows several other major data breaches in Japan, including one in March when mobile carrier NTT DoCoMo said the data of up to 5.29 million customers may have leaked via a company to which it had outsourced work.

The incident adds to a series of challenges Koji Sato, who took over as Toyota CEO on April 1 from Akio Toyoda, faces.

(With inputs from agencies) 
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Toyota Motor Corp on Friday admitted that the vehicle data of 2.15 million customers in Japan, including those of its luxury brand Lexus, had been publicly available for almost a decade due to a 'human error'.

Toyota Motor Corp on Friday admitted that the vehicle data of 2.15 million customers in Japan, including those of its luxury brand Lexus, had been publicly available for almost a decade due to a 'human error'. The incident, which affected nearly the entire customer base who signed up for Toyota’s main cloud service platforms since 2012, was caused by a cloud system being set to public instead of private. It also affected customers who signed up for the T-Connect — a service that provides a wide range of services including AI voice-enabled driving assistance, auto connection to call centres for vehicle management, and emergency support in such cases as a traffic accident or sudden illness — and Lexus vehicle's G-Link services were affected. As per the company, while there have been no reports of malicious use, details such as vehicle locations and identification numbers of vehicle devices could have been compromised. This incident, as per Reuters, comes to light as Toyota is making a push into vehicle connectivity and cloud-based data management to offer autonomous driving and other artificial intelligence-backed features. Also read | 296,000 Toyota customers affected by a data breach that went undetected since 2017 Responding to a question regarding why it took Toyota so long to realise the mistake, a spokesperson for the company said, "There was a lack of active detection mechanisms, and activities to detect the presence or absence of things that became public." The issue, as per Reuters, began in November 2013 and lasted until mid-April of this year. The Personal Information Protection Commission in Japan has been notified of the incident, but the body has declined to disclose details in accordance with their practice. Toyota has taken measures to prevent unauthorised outside access to the data and is conducting an investigation of all cloud environments managed by Toyota Connected Corp. Toyota’s announcement follows several other major data breaches in Japan, including one in March when mobile carrier NTT DoCoMo said the data of up to 5.29 million customers may have leaked via a company to which it had outsourced work. The incident adds to a series of challenges Koji Sato, who took over as Toyota CEO on April 1 from Akio Toyoda, faces. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

‘Human error’ exposed vehicle data of 2.15 million Toyota customers for over a decade

Did you know that everything regarding electric vehicles is currently driving innovation, from creating eco-friendly automobiles to making the manufacturing process more environmentally friendly? Due to its manufacturing process, Tesla earns eight times more money per vehicle than Toyota does.

Toyota to revamp its electric vehicles infrastructure

The Toyota Hilux pickup truck was launched in India as a direct competitor to the Isuzu D-Max V-Cross. But what happens when you take a lifestyle product like the Hilux off-road? To find out, we tested it on some proper, harsh terrain. So, how did it fare? Watch our review to find out.

Toyota Hilux Off-Road Review - Isuzu D-Max V-Cross Rival Tested | WION Pitstop

A CNN report, citing two US officials, says that Russia carried out the test launch of an intercontinental ballistic missile (ICBM) while President Joe Biden was in Kyiv, but it reportedly failed. The officials added that Russia had notified the United States about the launch in advance through deconfliction lines. Another official said that the test posed no risk to the United States and Washington did not see it as an escalation of any sort.&nbsp;

Russia tested the heavy SARMAT missile, which is known as the Satan II in the West. The missile is capable of delivering multiple nuclear warheads and Moscow had already tested it successfully once earlier. However, this time around it seemed to have failed, the US officials said.&nbsp;

Russian President Vladimir Putin did not mention the ICBM test in his Tuesday's State of the Nation address. US officials believe that he would have definitely mentioned it had it been a success.&nbsp;

In his speech&nbsp;that lasted one hour and 45 minutes, Putin slammed the US for escalating the Ukraine situation. He said that Russia was only trying to defend itself and that the US was making the situation worse.&nbsp;

Putin also announced that Russia is suspending the&nbsp;New START nuclear arms reduction treaty, although the foreign ministry later said that they will continue to observe&nbsp;restrictions on nuclear warheads. 
 
The US and Russia have been communicating through several different channels this week for deconfliction purposes as the US officials had also notified the Russians on Sunday night, hours before Biden’s visit to Kyiv, that the president would be visiting the Ukrainian capital. 
&nbsp;

(With inputs from agencies)

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A CNN report, citing two US officials, says that Russia carried out the test launch of an intercontinental ballistic missile (ICBM) while President Joe Biden was in Kyiv, but it reportedly failed.

A CNN report, citing two US officials, says that Russia carried out the test launch of an intercontinental ballistic missile (ICBM) while President Joe Biden was in Kyiv, but it reportedly failed. The officials added that Russia had notified the United States about the launch in advance through deconfliction lines. Another official said that the test posed no risk to the United States and Washington did not see it as an escalation of any sort. Russia tested the heavy SARMAT missile, which is known as the Satan II in the West. The missile is capable of delivering multiple nuclear warheads and Moscow had already tested it successfully once earlier. However, this time around it seemed to have failed, the US officials said. Russian President Vladimir Putin did not mention the ICBM test in his Tuesday's State of the Nation address. US officials believe that he would have definitely mentioned it had it been a success. In his speech that lasted one hour and 45 minutes, Putin slammed the US for escalating the Ukraine situation. He said that Russia was only trying to defend itself and that the US was making the situation worse. Putin also announced that Russia is suspending the New START nuclear arms reduction treaty, although the foreign ministry later said that they will continue to observe restrictions on nuclear warheads. The US and Russia have been communicating through several different channels this week for deconfliction purposes as the US officials had also notified the Russians on Sunday night, hours before Biden’s visit to Kyiv, that the president would be visiting the Ukrainian capital. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Toyota accedes to unions' demands, set to provide biggest wage hike in two decades

Climate activists were able to hijack over 400 billboards of car companies across Europe in the past few days. They targeted the automobile giants like BMW and Toyota over their claims of going green.&nbsp;

Billboards reportedly in Belgium, France, Germany and England were sabotaged by the so-called guerrilla subvertisers. For the unversed, subvertising basically means making spoofs or parodies of advertisements, mostly corporate and political.&nbsp;

Brandalism and Extinction Rebellion, the groups behind the campaign, said they highlighted "misleading adverts and aggressive lobbying tactics" used by these two companies.&nbsp;

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1/ Why have subvertisers targetted <a href="https://twitter.com/BMW?ref_src=twsrc%5Etfw">@BMW</a> this week? In 2022, the car brand was ranked 16th worst company in the world for anti-climate lobbying. <a href="https://t.co/6DsNVyKUhQ">https://t.co/6DsNVyKUhQ</a> 
 
Art design by <a href="https://twitter.com/mernywernz?ref_src=twsrc%5Etfw">@mernywernz</a> 
Installation by Brandalism + XR <a href="https://twitter.com/hashtag/BrusselsMotorShow?src=hash&amp;ref_src=twsrc%5Etfw">#BrusselsMotorShow</a> <a href="https://twitter.com/hashtag/AdBrake?src=hash&amp;ref_src=twsrc%5Etfw">#AdBrake</a> <a href="https://twitter.com/hashtag/BanFossilAds?src=hash&amp;ref_src=twsrc%5Etfw">#BanFossilAds</a> <a href="https://t.co/RIOcAZLGvi">pic.twitter.com/RIOcAZLGvi</a>
— Brandalism (@BrandalismUK) <a href="https://twitter.com/BrandalismUK/status/1615762984583692306?ref_src=twsrc%5Etfw">January 18, 2023</a></blockquote>
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2/ Like many car brands, BMW have promoted oversized SUVs. The car advertising playbook recommends images of open roads, rugged nature or empty streets.... 
 
[image: billboard at Brussels-Midi train station, 2023] <a href="https://t.co/3lvt8sKglY">pic.twitter.com/3lvt8sKglY</a>
— Brandalism (@BrandalismUK) <a href="https://twitter.com/BrandalismUK/status/1615765803336335372?ref_src=twsrc%5Etfw">January 18, 2023</a></blockquote>
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3/ But these SUV adverts rarely mention the climate + pollution impacts of driving around in a 2 tonne truck. 
 
Art design by <a href="https://twitter.com/mernywernz?ref_src=twsrc%5Etfw">@mernywernz</a> <a href="https://twitter.com/hashtag/BanFossilAds?src=hash&amp;ref_src=twsrc%5Etfw">#BanFossilAds</a> <a href="https://twitter.com/hashtag/AdBrake?src=hash&amp;ref_src=twsrc%5Etfw">#AdBrake</a> <a href="https://twitter.com/hashtag/BrusselsMotorShow?src=hash&amp;ref_src=twsrc%5Etfw">#BrusselsMotorShow</a> <a href="https://t.co/k7J8M2GQ1x">pic.twitter.com/k7J8M2GQ1x</a>
— Brandalism (@BrandalismUK) <a href="https://twitter.com/BrandalismUK/status/1615766917838422025?ref_src=twsrc%5Etfw">January 18, 2023</a></blockquote>
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4/ Whilst you might see lots of adverts for BMW's electric i range, just 10% of its vehicles produced in 2021 were electric and of those two-thirds were hybrids i.e. still powered by fossil fuels. <a href="https://t.co/RavBaVabnC">https://t.co/RavBaVabnC</a>
— Brandalism (@BrandalismUK) <a href="https://twitter.com/BrandalismUK/status/1616145612394700801?ref_src=twsrc%5Etfw">January 19, 2023</a></blockquote>
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6/ <a href="https://twitter.com/transenv?ref_src=twsrc%5Etfw">@transenv</a> research suggests that <a href="https://twitter.com/hashtag/BMW?src=hash&amp;ref_src=twsrc%5Etfw">#BMW</a> is using unrealistic and optimistic assumptions about emissions from hybrids “as a compliance strategy to easily meet their CO2 targets without the cars actually achieving these savings in the real world.” 
 
Artwork by <a href="https://twitter.com/darren_cullen?ref_src=twsrc%5Etfw">@Darren_Cullen</a>. <a href="https://t.co/xfmPL5rBlD">pic.twitter.com/xfmPL5rBlD</a>
— Brandalism (@BrandalismUK) <a href="https://twitter.com/BrandalismUK/status/1616147555946987530?ref_src=twsrc%5Etfw">January 19, 2023</a></blockquote>
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They further added that both car manufacturers are "heavily invested in selling polluting combustion engine vehicles" even though their adverts emphasise that they are focused on electric vehicles (EVs).&nbsp;

The Guardian reported that the climate activists targeted the billboards when the European Motor Show opened its doors in Brussels for its 100th anniversary over the weekend.&nbsp;

Over time, concerns have been raised over the way car companies present themselves through ads. Some critics believe that some car companies might be misleading the public with their adverts.&nbsp;

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Climate activists were able to hijack over 400 billboards of car companies across Europe in the past few days. They targeted the automobile giants like BMW and Toyota over their claims of going green.

Climate activists were able to hijack over 400 billboards of car companies across Europe in the past few days. They targeted the automobile giants like BMW and Toyota over their claims of going green. Billboards reportedly in Belgium, France, Germany and England were sabotaged by the so-called guerrilla subvertisers. For the unversed, subvertising basically means making spoofs or parodies of advertisements, mostly corporate and political. Brandalism and Extinction Rebellion, the groups behind the campaign, said they highlighted "misleading adverts and aggressive lobbying tactics" used by these two companies. 1/ Why have subvertisers targetted @BMW this week? In 2022, the car brand was ranked 16th worst company in the world for anti-climate lobbying. https://t.co/6DsNVyKUhQ Art design by @mernywernz Installation by Brandalism + XR #BrusselsMotorShow #AdBrake #BanFossilAds pic.twitter.com/RIOcAZLGvi — Brandalism (@BrandalismUK) January 18, 2023 × 2/ Like many car brands, BMW have promoted oversized SUVs. The car advertising playbook recommends images of open roads, rugged nature or empty streets.... [image: billboard at Brussels-Midi train station, 2023] pic.twitter.com/3lvt8sKglY — Brandalism (@BrandalismUK) January 18, 2023 × 3/ But these SUV adverts rarely mention the climate + pollution impacts of driving around in a 2 tonne truck. Art design by @mernywernz #BanFossilAds #AdBrake #BrusselsMotorShow pic.twitter.com/k7J8M2GQ1x — Brandalism (@BrandalismUK) January 18, 2023 × 4/ Whilst you might see lots of adverts for BMW's electric i range, just 10% of its vehicles produced in 2021 were electric and of those two-thirds were hybrids i.e. still powered by fossil fuels. https://t.co/RavBaVabnC — Brandalism (@BrandalismUK) January 19, 2023 × 6/ @transenv research suggests that #BMW is using unrealistic and optimistic assumptions about emissions from hybrids “as a compliance strategy to easily meet their CO2 targets without the cars actually achieving these savings in the real world.” Artwork by @Darren_Cullen. pic.twitter.com/xfmPL5rBlD — Brandalism (@BrandalismUK) January 19, 2023 × They further added that both car manufacturers are "heavily invested in selling polluting combustion engine vehicles" even though their adverts emphasise that they are focused on electric vehicles (EVs). The Guardian reported that the climate activists targeted the billboards when the European Motor Show opened its doors in Brussels for its 100th anniversary over the weekend. Over time, concerns have been raised over the way car companies present themselves through ads. Some critics believe that some car companies might be misleading the public with their adverts. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Climate activists target billboards of car companies to highlight 'misleading adverts'

Toyota Kirloskar Motor (TKM) reported a data breach in its system on Sunday (January 1) and said that the personal information of some of its customers might have been exposed. Issuing a statement, the TKM said it was "notified by one of its service providers of an incident that might have exposed personal information" of some customers on the internet, news agency PTI reported.&nbsp;

The automaker said that the extent of intrusion was being confirmed, adding, the Indian Computer Emergency Response Team (CERT-In) under India's Electronics and Information Technology Ministry was notified.&nbsp;

ALSO READ|&nbsp;<a href="https://www.wionews.com/india-news/india-vice-chairperson-of-toyota-kirloskar-motor-vikram-kirloskar-passes-away-due-to-heart-attack-538685">Vikram Kirloskar, Indian auto pioneer who led Toyota Kirloskar Motor, passes away</a>

"Considering this incident, TKM will work with its service provider to further enhance the existing extensive guidelines being followed and is fully committed to avoid any kind of inconvenience to our esteemed customers," Sunday's statement read.&nbsp;

TKM also issued an apology for any concern the data breach might have caused its customers. Toyota's unit in India produces a range of cars including the Fortuner, Innova Hycross, Camry and Glanza.&nbsp;

ALSO READ| <a href="https://www.wionews.com/world/296000-toyota-customers-affected-by-a-data-breach-that-went-undetected-since-2017-523496">296,000 Toyota customers affected by a data breach that went undetected since 2017</a>

The&nbsp;breach in India comes after Toyota Motor Corp said in October last year that it found 296,000 pieces of customer information from its T-Connect service might have been leaked. Toyota said that as many as 296,019 email addresses and customer numbers of those using T-Connect — a telematics service that connects vehicles via a network, were potentially leaked.&nbsp;

The affected customers were those who signed up to the service's website using their email addresses since July 2017. 
&nbsp;

(With inputs from agencies)

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Toyota Kirloskar Motor (TKM) reported a data breach in its system on Sunday (January 1) and said that the personal information of some of its customers might have been exposed.

Toyota Kirloskar Motor (TKM) reported a data breach in its system on Sunday (January 1) and said that the personal information of some of its customers might have been exposed. Issuing a statement, the TKM said it was "notified by one of its service providers of an incident that might have exposed personal information" of some customers on the internet, news agency PTI reported. The automaker said that the extent of intrusion was being confirmed, adding, the Indian Computer Emergency Response Team (CERT-In) under India's Electronics and Information Technology Ministry was notified. ALSO READ| Vikram Kirloskar, Indian auto pioneer who led Toyota Kirloskar Motor, passes away "Considering this incident, TKM will work with its service provider to further enhance the existing extensive guidelines being followed and is fully committed to avoid any kind of inconvenience to our esteemed customers," Sunday's statement read. TKM also issued an apology for any concern the data breach might have caused its customers. Toyota's unit in India produces a range of cars including the Fortuner, Innova Hycross, Camry and Glanza. ALSO READ| 296,000 Toyota customers affected by a data breach that went undetected since 2017 The breach in India comes after Toyota Motor Corp said in October last year that it found 296,000 pieces of customer information from its T-Connect service might have been leaked. Toyota said that as many as 296,019 email addresses and customer numbers of those using T-Connect — a telematics service that connects vehicles via a network, were potentially leaked. The affected customers were those who signed up to the service's website using their email addresses since July 2017. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Toyota's India unit reports data breach, says customer data may have been exposed

Vikram Kirloskar, the face of Toyota India and vice chairperson of Toyota Kirloskar Motor, passed away late Tuesday (November 29) at the age of 64. According to reports, he suffered a massive heart attack. His demise was later confirmed by the company in a statement.&nbsp;

“We are extremely saddened to inform the untimely demise of Mr Vikram S. Kirloskar, Vice Chairman, Toyota Kirloskar Motor on 29th November 2022. At this time of grief, we request everyone to pray that his soul rests in peace,” said Toyota India, on Twitter.&nbsp; 
 
The statement added, “We extend our deepest sympathies to his family and friends. Last respect can be paid at Hebbal Crematorium, Bengaluru, on 30th November 2022 at 1pm.” 
 
According to a report by Economic Times, he was rushed to the Manipal Hospitals in Bengaluru, on Tuesday morning, when he collapsed due to a heart attack.&nbsp; 
 
Who was Vikram Kirloskar?

Founded in 1888, the Kirloskar Group has contributed to India’s industrialisation for over a century. Vikram Kirloskar was the fourth-generation head of the group and also the Chairman and Managing Director of Kirloskar Systems Ltd.&nbsp;

Kirloskar was a graduate of mechanical engineering from the Massachusetts Institute of Technology (MIT) and had also held several important positions at Indian agencies. Over the years he was the president of the Confederation of Indian Industry (CII) and is currently the chairman of CII’s manufacturing council, Trade Fair’s council and Hydrogen Taskforce.&nbsp;

Furthermore, he was also a part of the Society for Indian Automobile Manufacturers (SIAM), and the Automotive Research Association of India (ARAI).

Vikram became the vice chairman of Toyota Kirloskar in 1998 and was responsible for the joint venture with the Toyota group and started a significant automobile manufacturing industry in India, headquartered in Bengaluru.&nbsp;

Vikram Kirloskar made his last public appearance at the unveiling of the new generation Toyota Innova HyCross in Mumbai, last week. At the time, in an interview with PTI, he had shared Kirloskar Motor’s vision of focusing on hybrids, saying that EVs do not necessarily work in line with the country’s objective to reduce carbon emissions.&nbsp;

(With inputs from agencies)&nbsp; 
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Vikram Kirloskar, the face of Toyota India and vice chairperson of Toyota Kirloskar Motor, passed away late Tuesday (November 29) at the age of 64. According to reports, he suffered a massive heart attack.

Vikram Kirloskar, the face of Toyota India and vice chairperson of Toyota Kirloskar Motor, passed away late Tuesday (November 29) at the age of 64. According to reports, he suffered a massive heart attack. His demise was later confirmed by the company in a statement. “We are extremely saddened to inform the untimely demise of Mr Vikram S. Kirloskar, Vice Chairman, Toyota Kirloskar Motor on 29th November 2022. At this time of grief, we request everyone to pray that his soul rests in peace,” said Toyota India, on Twitter. The statement added, “We extend our deepest sympathies to his family and friends. Last respect can be paid at Hebbal Crematorium, Bengaluru, on 30th November 2022 at 1pm.” According to a report by Economic Times, he was rushed to the Manipal Hospitals in Bengaluru, on Tuesday morning, when he collapsed due to a heart attack. Who was Vikram Kirloskar? Founded in 1888, the Kirloskar Group has contributed to India’s industrialisation for over a century. Vikram Kirloskar was the fourth-generation head of the group and also the Chairman and Managing Director of Kirloskar Systems Ltd. Kirloskar was a graduate of mechanical engineering from the Massachusetts Institute of Technology (MIT) and had also held several important positions at Indian agencies. Over the years he was the president of the Confederation of Indian Industry (CII) and is currently the chairman of CII’s manufacturing council, Trade Fair’s council and Hydrogen Taskforce. Furthermore, he was also a part of the Society for Indian Automobile Manufacturers (SIAM), and the Automotive Research Association of India (ARAI). Vikram became the vice chairman of Toyota Kirloskar in 1998 and was responsible for the joint venture with the Toyota group and started a significant automobile manufacturing industry in India, headquartered in Bengaluru. Vikram Kirloskar made his last public appearance at the unveiling of the new generation Toyota Innova HyCross in Mumbai, last week. At the time, in an interview with PTI, he had shared Kirloskar Motor’s vision of focusing on hybrids, saying that EVs do not necessarily work in line with the country’s objective to reduce carbon emissions. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Vikram Kirloskar, Indian auto pioneer who led Toyota Kirloskar Motor,  passes away

The face of Toyota India and vice chairperson of Toyota Kirloskar Motor, Vikram Kirloskar, passed away late at the age of 64. According to reports, he suffered a massive heart attack. His demise was later confirmed by the company in a statement.

Toyota Motor VC, Vikram Kirloskar, passes away due to heart attack

The Japanese auto major Toyota has unveiled the all-new fifth generation of its Prius car. Toyota is trying to reboot the 25-year-old hybrid that was once at The Cutting Edge of low-emissions technology.

WION Dispatch: Toyota's Prius to get solar panel option

Toyota Motor Corp on Tuesday posted a worse-than-expected 25% drop in quarterly profit and cut its annual output target, as the Japanese firm battles surging material costs and a persistent semiconductor shortage.

WION Business News | Toyota cuts output target amid chip crunch

Toyota Motor Corp on Friday announced that a major leak&nbsp;impacting more than 296,000 of its customers has been detected.

As per a Reuters report, around 296,019, email addresses and contact numbers have been exposed in the leak. Customers that use Toyota's telematics service T-connect, which is a smartphone app service, that allows users to connect to their vehicle via a network. Individuals, who have signed up for the service since July 2017, will have been affected by this.

Watch |&nbsp;Tech Talk: Meta warns of password-stealing phone apps

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The Japanese automaker disclosed that a contractor who developed the T-connect website had accidentally uploaded parts of the source code with public settings. This went undetected from December 2017 to September 15 of this year.

Based on an assessment by security specialists, Toyota stated in a statement that it was impossible to confirm a third-party access from the access history of the data server where the information was stored. Furthermore, the company said that it cannot be completely ruled out either.

Also read |&nbsp;<a href="https://www.wionews.com/world/ferrari-falls-victim-to-ransomware-attack-7gb-of-its-internal-documents-made-public-522248">Ferrari falls victim to ransomware attack; 7GB of its internal documents made public</a>

However, Toyota claims that there was no possibility that its user's sensitive information like name, contact information or credit card details could have been leaked.

While the carmaker did not report cases of any such information being misused, it said that there exists a possibility of spamming, phishing scams and unsolicited emails being sent to those whose information has been leaked.

(With inputs from agencies)

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Toyota Motor Corp on Friday announced that a major leak impacting more than 296,000 of its customers has been detected. As per a Reuters report, around 296,019, email addresses and contact numbers have been exposed in the leak.

Toyota Motor Corp on Friday announced that a major leak impacting more than 296,000 of its customers has been detected. As per a Reuters report, around 296,019, email addresses and contact numbers have been exposed in the leak. Customers that use Toyota's telematics service T-connect, which is a smartphone app service, that allows users to connect to their vehicle via a network. Individuals, who have signed up for the service since July 2017, will have been affected by this. Watch | Tech Talk: Meta warns of password-stealing phone apps The Japanese automaker disclosed that a contractor who developed the T-connect website had accidentally uploaded parts of the source code with public settings. This went undetected from December 2017 to September 15 of this year. Based on an assessment by security specialists, Toyota stated in a statement that it was impossible to confirm a third-party access from the access history of the data server where the information was stored. Furthermore, the company said that it cannot be completely ruled out either. Also read | Ferrari falls victim to ransomware attack; 7GB of its internal documents made public However, Toyota claims that there was no possibility that its user's sensitive information like name, contact information or credit card details could have been leaked. While the carmaker did not report cases of any such information being misused, it said that there exists a possibility of spamming, phishing scams and unsolicited emails being sent to those whose information has been leaked. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

296,000 Toyota customers affected by a data breach that went undetected since 2017

Toyota Motor Corporation on Friday announced that a major leak impacting more than 296,000 of its customers has been detected. Toyota says that the leak affects users of the service who signed up and have been using it through their e-mail addresses since July 2017.

Toyota: 296,000 pieces of customer information possibly leaked

Supply chain disruptions, chip shortages and other logistical issues are weighing heavy on two automakers - Honda and Toyota. The companies are planning to cut down massively in production as they are unable to procure the required supplies.

Supply crunch, chip shortage hit Honda, Toyota | Latest International News | WION

Shares of Japan’s Hino Motors, Toyota Motor Corp’s truck and bus unit, slumped more than 6% on Tuesday, after a data-falsification scandal widened to small trucks.

Hino Motors emissions data scandal widens

A global pandemic and a complete breakdown in the supply chain system has hit the automobile sector incredibly hard. Japanese automobile giant Toyota Motor Corp hasn't been left untouched either as the company posted a sharp 42 per cent decline in its quarterly operating profits.&nbsp;

For the quarter ending June, Toyota's operating profit dropped down to $4.3 billion from $7.45 billion in the same period last year. The fall in valuation was worse than expected, according to industry experts who expected a drop of around 15 per cent.

Read More:<a href="http://13.235.153.162/world/already-expensive-ferrari-supercars-to-get-even-more-costly-supply-chain-and-inflation-to-be-blamed-503260">&nbsp;Already expensive Ferrari supercars to get even more costly. Supply chain and inflation to be blamed</a>

It is quite remarkable that a sector that was earlier bleeding due to lack of demand at the peak of the pandemic, is now troubled by the lack of supplies. Toyota informed that the lack of semiconductor supplies was the paramount reason for its dismal performance.

Such has been the snarl in procuring semiconductors that Toyota, the world's biggest automaker by sales&nbsp;has had to cut its monthly production targets three times in the quarter just gone by, falling behind 10 per cent in its goals.&nbsp;

Moreover, Toyota attributed the drop in profits to a rise in materials costs which is expected to increase 17 per cent YoY, with steel and aluminium price rise, expected to drive the cost of the cars as well.&nbsp;

Read More:<a href="https://www.wionews.com/world/supply-chain-constraints-and-shortage-of-labour-delay-boeing-737-max-production-498576">&nbsp;Supply chain constraints and labour shortage delay Boeing 737 MAX production</a>

The fragility of the supply chain system across the world was exposed in the aftermath of the Covid pandemic. While the economies around the planet have started to open up, skilled and unskilled labour is still hard to find.

Couple it with sky-high inflation rates and you have a market where even established players are having a hard time reaching the pre-pandemic levels.&nbsp;

(With inputs from agencies)

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A global pandemic and a complete breakdown in the supply chain system has hit the automobile sector incredibly hard. Japanese automobile giant Toyota Motor Corp hasn't been left untouched either as the company posted a sharp 42 per cent decline in its quarterly operating profits.

A global pandemic and a complete breakdown in the supply chain system has hit the automobile sector incredibly hard. Japanese automobile giant Toyota Motor Corp hasn't been left untouched either as the company posted a sharp 42 per cent decline in its quarterly operating profits. For the quarter ending June, Toyota's operating profit dropped down to $4.3 billion from $7.45 billion in the same period last year. The fall in valuation was worse than expected, according to industry experts who expected a drop of around 15 per cent. Read More: Already expensive Ferrari supercars to get even more costly. Supply chain and inflation to be blamed It is quite remarkable that a sector that was earlier bleeding due to lack of demand at the peak of the pandemic, is now troubled by the lack of supplies. Toyota informed that the lack of semiconductor supplies was the paramount reason for its dismal performance. Such has been the snarl in procuring semiconductors that Toyota, the world's biggest automaker by sales has had to cut its monthly production targets three times in the quarter just gone by, falling behind 10 per cent in its goals. Moreover, Toyota attributed the drop in profits to a rise in materials costs which is expected to increase 17 per cent YoY, with steel and aluminium price rise, expected to drive the cost of the cars as well. Read More: Supply chain constraints and labour shortage delay Boeing 737 MAX production The fragility of the supply chain system across the world was exposed in the aftermath of the Covid pandemic. While the economies around the planet have started to open up, skilled and unskilled labour is still hard to find. Couple it with sky-high inflation rates and you have a market where even established players are having a hard time reaching the pre-pandemic levels. (With inputs from agencies) WATCH WION LIVE HERE:

Toyota’s Q1 profit sinks 42 per cent; chip supply shortage, rising costs blamed

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