Toyota is on track to reclaim its spot as the world’s largest automaker in the wake of Volkswagen’s diesel emissions scandal. Toyota is still dealing with its own fallout from multiple recall efforts stemming from faulty airbags. While the overall auto industry had a huge start to 2016, Toyota’s U.S. revenue dropped off in the first half of the year and Prius sales slumped badly amid cheap gas prices. The Prius could also soon face increased competition with Tesla Motors launching a more affordable version of its electric cars. Like many of its rivals, Toyota is investing heavily in self-driving technologies in the hopes of getting driverless cars on the road by 2020.
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They plan to begin testing a turn-key system for self-driving cars early next year.
The automaker says it will be more aggressive in cutting labor costs.
The probe was carried out by three former prosecutors and an ex-director of Toyota.
The long U.S. recovery may be over.
VW's sales have so far not taken a beating from its "Dieselgate" scandal.
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And where he thinks is company fits in
Both old and young buyers