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Toyota shareholders reject proposal demanding better performance on climate change

27 Comments
By YURI KAGEYAMA

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27 Comments
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We are witnessing the fall of Toyota.

RIP

-19 ( +13 / -32 )

Those pesky Danish. Well done, but of course, money always talks louder.

5 ( +11 / -6 )

We are witnessing the fall of Toyota.

Nope.

Not when they make the best and most in demand vehicles on earth.

8 ( +20 / -12 )

Shareholders applauded in rejecting the proposal, as expected, at the meeting in Toyota city, central Japan.

Simple STOP buying their automobile or raise import taxes and watch Toyota COMPLY,  internal combustion engine are the worst of all, and if Toyota shareholders don't get it!? then hit them were it hurts the most, $$$.

2 ( +11 / -9 )

Toyota officials stressed that instead of just focusing on battery electric vehicles the company was pursuing “multi pathways,” or various energy options, including hybrids, plug-ins and hydrogen-powered vehicles.

I agree with Toyota on the gradual electric transition and offering different options to customers...not everyone can pay $10-20 thousand premium for an equivalent model electric car as is the case presently.

10 ( +15 / -5 )

Vested interests. A common theme

1 ( +4 / -3 )

“We’ve spent years advocating for Toyota to clean up its dirty act on climate, and there’s an immense opportunity right now for the automaker to shift course and go all in on electric vehicles. The pressure is on.”

Says an American government (leftist) environmentalist = propaganda.

Electric cars are expensive, not practical, and leave more damage to the earth (lithium mines) than natural gasoline ever would.

The shareholders know this,

and vote accordingly.

Bravo.

-2 ( +9 / -11 )

Honda has even moved on towards the EV train, while Toyota stubbornly remains. I can see that we will witness another Toshiba in the making.

-11 ( +6 / -17 )

DontBuyToyota
-10 ( +6 / -16 )

I bought Japanese once. It was as exciting as a tricycle to drive. I’ve driven German ever since. Much better.

-3 ( +3 / -6 )

neither electric nor oil, hydrogen is the future, you id***s.

1 ( +5 / -4 )

From another user's post on Electrek:

"Headlines I found from recent years:

2014: "Toyota to Offer High Performance Solid-State Batteries in 2020"

2017: "Toyota’s new solid-state battery could make its way to cars by 2020"

2020: "Toyota's Quick-Charging Solid-State Battery Coming in 2025"

2023: "Toyota to roll out solid-state-battery EVs as soon as 2027"

1 ( +3 / -2 )

I would back Toyota on this one.

At the end of the day, it should be the consumers who decide what sort of vehicle they want to buy.

If Toyota stays with that I think they will do just fine in the long run.

I think makers that are going all in on EVs are taking a pretty big risk.

Personally I can’t imagine buying an EV at the current time, but a Toyota vehicle would definitely be on my list of options. (I don’t know what Mazda’s directions are but of the Japanese makers I like their designs best)

1 ( +6 / -5 )

Jumping on a band wagon that looks like a wheel is about to fall off is not advised. Battery EV comes with a lot of problems, unrecognised or ignored by the true believers. I don’t disagree we need to migrate from using fossil fuel but betting on one technology that has already recognised inherent problems and resource constraints is more than a tad foolish.

6 ( +7 / -1 )

Forgot to add the headline is wrong, they didn’t demand better performance on climate change, they were pushing to adopt one particular technological choice. Makes you wonder if they have large holdings in battery manufacturers or lithium miners?

2 ( +3 / -1 )

In the first place, it is just the speculation of countries that don't like Toyota's hybrids selling too much.

Even if EVs have become popular, the infrastructure has not caught up with them at all.

Not many people can afford to use a car that takes hours to charge in their daily lives.

In the first place, EVs are cremation vehicles that run whether they are made in China or South Korea.

It is impossible for Japanese manufacturers to actively sell unsafe products. Even after all-solid-state batteries are completed and infrastructure is in place in each country, EVs will not be late.

In the first place, a large amount of carbon dioxide is required to generate electricity.

This is particularly noticeable in thermal power plants and coal power plants.

If we want to reduce carbon dioxide emissions, we should first limit the emissions of China, India and the United States.

-2 ( +1 / -3 )

“From an investment perspective, we’re concerned that Toyota is missing out on profits from soaring EV sales, jeopardizing its valuable brand and cementing its global laggard status,” Anders Schelde, CIO at the Danish fund, said in a statement ahead of the meeting.

Invest in ev companies then

0 ( +2 / -2 )

The investor proposal was initiated by AkademikerPension, a $20 billion Danish investment fund.

LOL

little ole Denmark doing their best to destroy western civilization. Not satisfied with harming their own citizens with higher food prices by over regulating their dairy and cattle farms, now they’re going after Japan and Toyota.

disgusting globalists.

Dutch farmers have been generating global headlines with protests described by Prime Minister Mark Rutte as "wilfully endangering others, damaging our infrastructure and threatening people who help with the clean-up". 

This proud farming nation is under immense pressure to make radical changes to cut harmful emissions, and some farmers fear their livelihoods will be obliterated.

invalid CSRF

-3 ( +3 / -6 )

A clear demonstration of what's wrong with the system, and the cause of most of the major issues we face.

Companies are owned and run for the sole purpose of maximising profits, no matter the real social and environmental costs.

1 ( +4 / -3 )

LOL little ole Denmark doing their best to destroy western civilization.

Right... and yet is year after year ranked one of the happiest countries in the world (currently #2).

-1 ( +3 / -4 )

well done TOYOTA shareholders.

They know "net zero" is not only a lie, but a deadly one that would kill in the millions.

In 5 years, this will all pass and the threat of electric only vehicles will die along with it.

-4 ( +3 / -7 )

Right... and yet is year after year ranked one of the happiest countries in the world (currently #2).

LOL

population of 5.8 million.

-5 ( +1 / -6 )

If everyone had EV cars or even a larger percentage of cars were EV, the electrical grids would be extremely strained. Right now, the governments around the world are already asking people to cut electricity consumption. I haven't seen any legitimate solutions to increase electricity production to cover the increased demands anywhere in the world. Sounds like a recipe for failure. Just my opinion.

2 ( +3 / -1 )

Toyota disdains ecology, Don't buy Toyota. Simple.

-3 ( +4 / -7 )

Gasoline cars are still going to be there for the poorer countries until they get their infrastructure and financials in place to build this out. Toyota has the ability to get into the high-end markets with EVs until legislation tells them, they can't sell jack...unless it's either electric or hydrogen or some other new tech. But in other countries may be South America, Africa, Afghanistan of the world, and other Asian countries, gasoline will still be needed until they have their own tipping points. Gasoline will eventually go the way the horse did. Gasoline solved the horse poop problem,and maybe electrics will eventually solve that gasoline problem. and maybe gasoline cars will be consigned to the race tracks! Just like the horse.

-2 ( +0 / -2 )

https://www.businessinsider.com/toyota-bz4x-electric-car-road-trip-charging-time-range-2023-4

I road-tripped in Toyota's new electric SUV. Its painfully slow charging and short range made the drive take forever.

Tim Levin Jun 13, 2023, 9:03 AM EDT

I drove the new Toyota bZ4X electric SUV from New York to Washington DC, and back. 

The nine-hour drive involved three hours of charging. 

I learned the hard way that sometimes you need to choose between staying warm and maximizing range.

Typical conclusion after Toyota BZ4X review is "Don't buy this, go buy a Tesla or Kia EV6 instead".

-1 ( +1 / -2 )

Good call Toyota chaps and chapessess. This global warming end of the world fad will likely all be over in a few years and why invest in a short term trend?

Toyota are a business, you have to do a good job and make profits not give in to the demands of a bunch of sandal wearing tree huggers.

-3 ( +0 / -3 )

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