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Toyota President Akio Toyoda will be heading up the company’s newly formed electric car group, indicating that the Japanese automaker is taking all-electric vehicles much more seriously. Toyoda, grandson of the company’s founder Kiichiro Toyoda, has been leading the automaker since 2009. He’ll be joined by two of Toyota’s executive vice presidents, Mitsuhisa Kato and […]

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Toyota Motor Corp. has shed more light on its battery electric vehicle strategy: a small in-house unit is being established. Toyota has been lately acknowledging it won’t exclusively choose hydrogen and hybrid vehicles over PEVs. This time, the corporate office in Japan said it’s forming a streamlined “in-house venture company” next month to start developing […]

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Toyota Motor Corp. is slowly opening up to adding all-electric vehicles to its product lineup to meet regulatory compliance, according to a company executive. While the Japanese automaker in not manufacturing any battery-electric cars at this time, Toyota realizes it must be flexible enough to introduce electric cars in markets with regulatory mandates or where […]

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