Toyota is planning to launch the first electric car model equipped with an advanced autonomous driving system similar to Tesla's Full Self-Driving for the Chinese market next year, one of its Chinese joint ventures said.
The CDK Global cyberattack outage that crippled dealerships across North America appears to be finally on a path toward resolution, but lost sales and service revenue could be substantial.
Toyota's global production slid for a fourth straight month in May from a year earlier on lower output in many overseas markets, with the decline in China, where local brands have become much more competitive, particularly sharp. In China, production fell 22%. The Japanese automaker also had lower production in markets such as Thailand, Mexico, Brazil and France although the U.S. and Japan saw output grow.