The world’s leading auto maker by volume is behind the pace in the electric revolution and new CEO Koji Sato is desperate to catch up

The world’s biggest car maker by volume has been slow to join the EV revolution but has pledged to introduce 10 new battery-powered models

The world’s biggest-selling automaker hopes to catch up with its rivals with a host of new electric vehicles by 2026

Both carmakers gained from a plunge in the yen in October last year, even as a shortage of chips and soaring costs of raw materials squeezed global carmakers

For most of 2022, Tesla joined rivals in aggressively raising EV prices but its decision to reverse course now challenges automakers’ established strategy of pursuing profit-over-volume

Toyota has been reviewing a $30 billion, three-stage plan for developing and releasing electric vehicles it announced late last year

The St Petersburg factory has a capacity of 100,000 units a year and produced Toyota's Camry and RAV4 models

Indonesia's chief economic minister Airlangga Hartarto met with Toyota vice-chairman Shigeru Hayakawa on Tuesday in Tokyo, the Jakarta ministry said

The company's call coincides with the release of a new hybrid model, the Grand Vitara sport utility vehicle, that is intended to compete with Hyundai and Kia

The Japanese giant said on Tuesday that it would partner with Daihatsu and Suzuki to develop smaller electric vans, aiming to begin production next year.

Japan changed a key policy document that put hybrid vehicles on par with battery-electric cars after Toyota warned that carmakers could not back a government that rejected hybrid tech.

Petrol-electric hybrid models remain far more popular in Japan than pure EVs like the Solterra and bZ4X, which accounted for just 1% of passenger cars sold