Facing U.S. tariff threat, Toyota warns car costs could rise

Based on the roughly 709,000 vehicles Toyota exported to the United States from Japan in 2017, the automaker could take an annual tariff-related hit of $4.25 billion on those vehicles alone. Ford Motor Co (F.N) last week said tariffs in general could cost it up to $1.6 billion in 2018 in North America. The automaker operates 10 production plants in the United States, and locally produces just under half of all the cars it sells in the country. Overall, Toyota still expects a stronger yen to offset the benefits of cost-cutting and record-high global vehicle sales in the year through March. As a result, Toyota said it would sell off its 5.8 percent stake in the Japanese truck maker.

Toyota worker dragged while woman allegedly steals car

Toyota worker dragged while woman allegedly steals car. Rick Williams reports during Action News at 5 p.m. on July 12, 2018.

Baleno to be the first Maruti Suzuki car to be sold as a Toyota

according to Suzuki will supply 20,000 to 25,000 Baleno cars each year to Toyota Kirloskar to be sold in India. Photo: ReutersNew Delhi: Suzuki Motor Corp. is likely to supply as many as 25,000 Maruti Suzuki Baleno premium hatchbacks each year to Toyota Motor Corp. as the car gets set to become the first cross-badged product of the auto makers, said two people with direct knowledge of the matter. To start with, Suzuki will supply 20,000 to 25,000 Baleno cars each year to Toyota's local unit, the people said. Since its launch in 2015, the Baleno has turned to be a chartbuster Maruti Suzuki product with average monthly sales of 15,000 cars. For Toyota, the Baleno will give it a deeper presence in India's high-volume but most-competitive hatchback segment.

collected by :Edison Noah

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