Toyota Motor Boosts Factory Workers’ Pay
Increase marks the third one this year.
Increase marks the third one this year.
The automaker said it had its highest-ever monthly deliveries at 23,590 units.
Automaker produced 798,771 vehicles and sold 853,285 globally in August.
The average payment climbed to $717 in the fourth quarter of 2022, which is 50% higher than in 2010, according to Edmunds.
Toyota Motor Corp. President Akio Toyoda says there is a silent majority who question whether automakers should pursue electric vehicles exclusively.
The automaker plans to adjust its electric vehicle strategy and provide it to key suppliers early next year, report people close to the project.
Toyota maintains operations in Europe will be carbon neutral by 2040, at Toyota Motor Europe’s annual Kenshiki presentation in Brussels.
Toyota unveils fifth generation despite slow sales of current model.
Soaring material and parts costs offset benefits gained from a plunging Japanese yen and production rebound.
Toyota Motor Corp. announced plans to produce 800,000 vehicles worldwide in October, 100,000 vehicles short of its average monthly production plan.
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In