In the competitive arena of the automotive market, retaining value over time is a testament to a brand’s quality, reliability, and consumer trust. Toyota has once again proven its mettle by dominating Kelley Blue Book’s 2024 Best Resale Value Awards. This accolade underscores Toyota’s unwavering commitment to building vehicles that...
Toyota takes over battery joint venture with Panasonic
Toyota has announced that it will acquire full ownership of Primearth EV Energy (PEVE), a joint venture with Panasonic that produces batteries for hybrid and electric vehicles. The deal, which is expected to close by the end of March, will allow Toyota to boost its battery production and competitiveness in...
Toyota to Launch New Electric SUV in US with $1.3 Billion Investment in Kentucky Plant
Toyota, the world’s largest automaker, has announced a $1.3 billion investment in its flagship plant in Georgetown, Kentucky, to produce a new electric SUV for the US market. The investment will create 1,400 new jobs and support the assembly of the first battery electric vehicle (BEV) in North America by...