Toyota is investing 400 million zlotys ($113 million) in its Polish engine plant to build a 1.5-liter gasoline unit for hybrid cars.Toyota will start production of the new-generation engine in 2020 in its factory in the southwestern city of Jelcz-Laskowice. The engine will be used in hybrid vehicles alongside an electric motor.
AUTOBOND GROUP, one of Toyota’s largest dealers in the Czech Republic, opened a new Toyota store in Ostrava in October – Svinov. The multi-million investment in the Opava, built according to the brand’s retail concept, was realized over six months.
Toyota Central Europe – Czech published the results of a nationwide event “Toyota Weekend”, which took place during last Saturday and Sunday (25 and 26 March 2017). During this weekend, over 1,700 visitors came to authorized partners.
Toyota Motor lost its title as the world’s best-selling automaker to Volkswagen Group, ending the Japanese company’s four-year reign, as demand for its flagship Camry sedan waned in the U.S. and sales in China expanded at a slower pace than the overall market.
Toyota Europe says it aims to strengthen its brand image in Europe and create a more customer-centric business model by moving its creative, digital, content and media business from Publicis Groupe to WPP-backed The&Partnership, which will create a network of dedicated hubs called &Toyota for the automaker.
The management of Toyota Central Europe has announced a change in its organizational structure in the field of communication. Jitka Jechova takes PR agenda associated with Toyota and Lexus in the Czech Republic.
Toyota Motor Corp. said operating profit in the latest quarter fell 15 percent to 642 billion yen ($6.33 billion) as a strong yen weighed on earnings. Net income in the three months through June dropped to 552.47 billion yen, the automaker said today. Revenue fell to 6.59 trillion yen.
Falling vehicle sales, rising costs and foreign exchange rate losses pushed profits lower at Toyota Motor Corp. in the latest quarter, even though the slowdown wasn’t enough to derail the carmaker from achieving a third year of record earnings.
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