Posts Tagged ‘ Toyota Motors ’

Toyota To Repair 650,000 Priuses

Toyota has announced they’ll be recalling repairing 650,000 Priuses sold between 2004 and 2007 due to a faulty coolant pump. The worlds largest carmaker has been plagued with recalls over the past 12 months and is resisting calling this latest snafu a recall, instead referring to it as a “customer satisfaction” program. Lanjut →

Daimler AG and BYD Announce Joint Venture

In what appears to be a month for high profile joint ventures, the German automaker Daimler AG (ETR:DAI)and the Chinese automaker BYD Co. (HKG:1211) have announced that they will begin a partnership aimed directly at the burgeoning mainland Chinese market for electric cars. BYD’s other high profile shareholder is US billionaire Warren Buffet’s investment company Berkshire Hathaway Inc. (NYSE:BRK.A), with friends like these it appears BYD is set to grow into China’s 21st century runaway success story. China is currently the largest car market in the world and some estimates, like one today from consulting company IHS Global Insight for example, are putting global battery powered electric vehicle sales at 3% of total sales by the year 2020 Lanjut →

Toyota Buys $50 Million Stake In Tesla Motors

In an interesting and somewhat unexpected move Tesla and Toyota today jointly announced that Toyota will be taking a $50 million stake in the electric vehicle manufacturer which will equate to about 2% of the company. Daimler (NYSE:DAI) bought into Tesla last year and acquired a larger 10% stake in the company, it would now seem that Tesla is working hand in hand with two of the biggest automakers and has, by and large, established itself as the number one electric vehicle and electric vehicle technology company in the world.

Toyota (NYSE: TM) will join with Tesla Motors on the development of Lanjut →

Best Green Blogs