Toyota MotorCorp., globally renowned and also world�s largest automaker, is in a new role. It is contriving to refurbish accelerator pedals on 3.8 million vehicles in the U.S. that are involved in its biggest recall.
Toyota is slashing bonus pay for managers as the Japanese automaker tackles a massive recall in the U.S. and deep losses for the second straight fiscal year. Toyota MotorCorp. said Thursday winter bonus payments for 8,700 managers in Japan will be cut by 20 percent.
Toyota is slashing bonus pay for managers as the Japanese automaker tackles a massive recall in the U.S. and deep losses for the second straight fiscal year. Toyota MotorCorp. said Thursday winter bonus payments for 8,700 managers in Japan will be cut by 20 percent.
... 14 percent advance against the dollar since April 6 threatens profits at exporters from Sony Corp. to Toyota MotorCorp. However the latest word is that an intervention is a no-go: Dow Jones : Japanese Finance Minister Hirohisa Fujii ruled out currency intervention for the time being, saying it is "unthinkable" right now, Japanese daily Mainichi Shimbun reported in...
The dollar is losing against the yen but while Japanese exporters have been reeling against its effects, Toyota MotorCorp. appears to have been hit the hardest. For the October-March period (the company’s second half in its fiscal period), Toyota has assumed an average dollar rate of 90 yen compared with 85 yen at Honda Motor and Nissan Motor.
In this Oct. 1, 2009 photo, a top selling Toyota Camry is on display in the showroom at the McGeorge Toyota dealership in Richmond, Va. Toyota MotorCorp. said Wednesday, Nov. 25, 2009, it will replace accelerator pedals on 3.8 million recalled vehicles in the United States to address problems with the pedals becoming jammed in the floor mat In this Oct. 19, 2005, file photo a Toyota...
Toyota MotorCorp. and Sony Corp. are among Japanese exporters that may miss their forecasts as the yen strengthens more than they anticipated, eroding their earnings from televisions and cars sold overseas, investors said. Toyota, Sony, Canon Inc. and Sharp Corp. had projected the yen would average at 90 to 95 to the dollar this fiscal year, based on their latest financial...
... crash in the U.S. over the last two years involving runaway Toyota and Lexus vehicles made by Toyota MotorCorp. It is also among hundreds of incidents of sudden acceleration involving the company's vehicles that have been reported to Toyota or the federal government, according to an examination of public records by The Times . Toyota has blamed the incidents -- apart from those caused...
Toyota MotorCorp. and Nissan Motor Co. boosted production in October as government incentives spurred vehicle demand. Toyota's output increased for the first time in 15 months, rising 1.4 percent from a year earlier to 709,904 vehicles, the company said in a statement Friday. Nissan's production climbed 9.9 percent to 306,146.
The largest recall in Toyota MotorCorp. history will probably put a serious dent in the Japanese automaker's pocketbook. But the hit to Toyota's image could prove even more damaging.
Hyundai Motor Co said Saturday it will pull out of the Japanese passenger vehicle market amid sluggish sales, and instead focus on commercial vehicle sales there. Hyundai, South Korea's No. 1 automaker, has found it tough going in Japan and sold only about 15,000 passenger cars there since 2001 when it made inroads into the home market of international rival Toyota MotorCorp, the world's...
Toyota MotorCorp. ’s plan to move some jobs from California to Kentucky or Michigan in order to cut costs will be decided in the next several months, according to unnamed sources who spoke with Bloomberg News.
TOKYO | Toyota is slashing bonus pay for managers as the Japanese automaker tackles a massive recall in the U.S. and deep losses for the second straight fiscal year. Toyota MotorCorp. said Thursday winter bonus payments for 8,700 managers in Japan will be cut by 20 percent. Japanese workers at major companies such as Toyota get twice-a-year bonus pay in addition to their monthly salaries,...
November 26, 2009 http://detnews.com/article/20091126/OPINION03/911260331 Howes: Toyota not looking so shiny now DANIEL HOWES Is the Toyota MotorCorp. juggernaut losing its conqueror-of-the-world mojo? Because if it was a Detroit automaker that was recalling 4.26 million vehicles to repair accelerator problems, or if it was a Detroit automaker that had broken its historic no-plant-closings...
Toyota MotorCorp., Japan’s biggest carmaker, expects [its] sales in China to rise 14 percent next year as it introduces new models in the world’s fastest-growing major automobile market.