
Toyota to make EVs in Czech Republic, its first in Europe
SHOTA UEHARA
NAGOYA, Japan -- Toyota Motor will start producing electric vehicles at a Czech subsidiary as early as 2028, its first European-built EVs, Nikkei learned Tuesday.
The Japanese automaker is expected to make an electric sport utility vehicle at the site, with annual production aimed at around 100,000 units.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Mainichi
25 minutes ago
- The Mainichi
Tokyo stocks drop sharply in morning on Wall St. plunge, firmer yen
TOKYO (Kyodo) -- Tokyo stocks dropped sharply Monday morning, with the Nikkei index briefly falling over 2 percent, hurt by steep Wall Street losses late last week and a firmer yen against the U.S. dollar following weaker-than-expected U.S. jobs data. The 225-issue Nikkei Stock Average fell 664.63 points, or 1.63 percent, from Friday to 40,134.97. The broader Topix index was down 41.13 points, or 1.39 percent, at 2,907.52. The dollar briefly fell to around the 147 yen line in early morning trading after weakening sharply in New York on Friday as U.S. employment data for July showed a slowdown in the labor market, fueling speculation that the Federal Reserve would cut interest rates soon, dealers said. At noon, the dollar fetched 147.78-80 yen compared with 147.34-44 yen in New York and 150.53-55 yen in Tokyo at 5 p.m. Friday. The euro was quoted at $1.1576-1577 and 171.07-11 yen against $1.1580-1590 and 170.82-92 yen in New York and $1.1418-1420 and 171.88-92 yen in Tokyo late Friday afternoon. The Nikkei stock index briefly slid below the 40,000 threshold for the first time in about two weeks as an increase in U.S. nonfarm payrolls fell short of market expectations, while the figures in May and June were revised down sharply. Exporter-oriented auto and machinery shares were sold on a stronger yen, which decreases exporters' overseas profits when repatriated. The market was also weighed down by financial stocks, as hopes for improved profits receded after long-term interest rates declined.


Nikkei Asia
an hour ago
- Nikkei Asia
Japanese stocks slide on worries over US economy after jobs data
A man walks in front a stock quotation board showing the Nikkei share average outside a brokerage in Tokyo on Aug. 4. (Photo by Rie Ishii) JADA NAGUMO and LISA KIM TOKYO -- Japanese stocks fell and the yen strengthened on Monday morning following a weak jobs report in the U.S., which has fueled investor concerns over the world's biggest economy and speculation about a rate cut there.


Yomiuri Shimbun
an hour ago
- Yomiuri Shimbun
Japan's Nikkei Stock Average Shares Slide Most in Almost Four Months on US Economic Concerns
TOKYO, Aug 4 (Reuters) – Japanese shares slid the most in almost four months on Monday, as concerns mounted over the U.S. economy and a potential upheaval in domestic politics. The Nikkei 225 Index of shares .N225 sank 1.8% and was set for its steepest decline since April 11. The broader Topix .TOPX declined 1.5%, with a sub-index of bank stocks .IBNKS.T plunging 4.2%. U.S. shares fell sharply on Friday after data showed that the world's largest economy created fewer jobs than expected in July and a new round of punishing U.S. tariffs cast a shadow on global trade. On the home front, speculation grew that Prime Minister Shigeru Ishiba might resign after last month's election defeat. Ishiba has consistently denied plans to step down after his ruling coalition lost its majority in the upper house of parliament, but pressure from within his Liberal Democratic Party is mounting. 'We had very weak job market data in the U.S. and sentiment among investors has darkened,' said Kenji Abe, chief strategist at Daiwa Securities. 'There is some chance that Prime Minister Ishiba may be forced to step down, so I think that's one thing we should watch.' There were 34 advancers on the Nikkei against 189 decliners. The biggest loser was Credit Saison 8253.T with a drop of 8.2%, followed by Yamaha 7951.T, which sank 7.9%. The U.S. Labor Department said the country added 73,000 nonfarm payrolls last month, below economists' expectations, while June's job growth was revised sharply lower. Tariffs that U.S. President Donald Trump imposed last week on dozens of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said. The tariffs include a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland. Among the few gainers on the Nikkei, chip maker Socionext 6526.T rose the most, up 3.9%, followed by optics company Hoya 7741.T, which advanced 2.7%.