Daihatsu’s president Soichiro Okudaira will be replaced by Toyota’s Latin America and Caribbean region chief executive, Masahiro Inoue, effective March 1.

The Toyota-owned company’s Kyoto factory has resumed manufacturing the Probox van and Mazda-branded Familia van.

Rivals Honda and Nissan also saw gains as investors anticipate that their strong hybrid lineups will benefit from the shifting dynamics in the automotive market.

Toyota raised its profit forecast for the current year to 4.9 trillion yen (USD 33 billion) from 4.5 trillion expected previously.

India’s trade department is reportedly considering a reduction in taxes on hybrid vehicles to facilitate a shift towards cleaner energy sources. The proposal comes in …

Overall, the US new vehicle sales last year finished at around 15.5 million units, of which electrified vehicles contributed nearly 17%.

Here’s a look at the Toyota Hilux photo gallery that shows the pick-up truck from all the different angles.

Toyota Motor’s output last month reached a whopping 926,573 units, while the company’s worldwide sales increased 14% from a year earlier.

Daihatsu halted shipments of all its vehicles last week after a safety investigation found issues involving 64 models.

The affected models include those sold by Mazda and Subaru in Japan, as well as Toyota and Daihatsu models internationally.