Toyota is the king of Japan’s auto industry. Known for big–selling cars like the Camry and Prius, the company is also preparing for the future by heavily investing in emerging technologies. The auto giant recently plunked $1 billion into fast-growing Asia-based ride-hailing company Grab while also spending $2.8 billion alongside several auto parts suppliers to found a new company that is focused on self-driving cars. Like other automakers, Toyota hopes its new products will eventually offset declining car sales in large markets like North America.
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News about Toyota Motor
This latest recall includes cars from model years 2010 through 2015.
782,000 cars and trucks affected in the U.S.
Volkswagen expects a record year but new emissions standards slowed all Europe sales.
Auto makers slash sedan models due to falling sales and the need to trim budgets.
An operations and finance expert as chair? Perfect.