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Toyota will keep running its operations as it has been and focus on bringing down fixed costs, it said on Monday, not expressing any intention to raise vehicle prices in response to U.S. President Donald Trump's tariffs.
DALLAS--(BUSINESS WIRE)--o9, a leading enterprise AI software platform provider for transforming planning and decision-making, today announced that it has entered into a SaaS agreement with Toyota Motor Corporation (Toyota) to deploy o9's advanced supply chain management platform. This collaboration will enable Toyota to optimize its supply chain operations and drive greater efficiency in response to market demands. “Toyota is a global automotive innovator focused on enhancing its supply chain.
Soaring demand for Toyota's gasoline-electric hybrids has left suppliers struggling to keep pace, leading to shortages of parts and months-long waits for car buyers, according to four people familiar with the situation.
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Toyota Motor said on Friday its global production rose for the second consecutive month in February, driven by higher output and stronger sales in Japan after recovering from a certification scandal in its home market last year.
Investors fretted over U.S. President Donald Trump's tariffs on cars and certain auto parts not made in the country, sending Asian auto stocks down for a second day. The new tariffs will take effect on April 2, and will target imported passenger vehicles and light trucks, as well as key automobile parts including engines and transmissions, the White House said.
Shares in foreign and domestic car companies are down since yesterday's market close after President Donald Trump announced his latest round of tariffs on Wednesday. Those tariffs include a 25% levy on automobiles imported into the United States.
The tariff wars hit the automotive industry, and investors are worried Toyota Motor (TM -2.72%) will be among the casualties.
President Trump announced new 25% tariffs on auto imports, impacting foreign automakers and potentially leading to retaliatory tariffs from countries like Japan, Canada, and the EU. US automakers like GM and Ford may see limited direct impact, but global free trade and the overall economy could suffer from escalating trade tensions. Companies with US production, like Toyota and BMW, will be less affected, while those without, like Audi, face significant challenges; Chinese EV makers remain largely unaffected.