After few years, finally Toyota Motor Corp. got it. According to data released on the 28th of January, the Japan’s company has discrowned US General Motors Co. and has become the world’s top carmaker after 4 years. Toyota Motor Corp. has again demonstrated that it has the power to get back on its feet after experiencing unsetting conditions as it got back the title despite the 2011 natural disasters, record recalls and the territorial dispute between Japan and China.
Toyota Motor Corp., the Japan’s biggest carmaker, is to pay as much as $1.1 billion to settle a U.S. class action lawsuit based on alleged acceleration issues in its cars. In addition, the company informed that it would reclaim the world’s No. 1 carmaker title in 2012.
Toyota Motor Corp., the Japan’s car maker, said on the 5th of November that it raised its full-year profit forecast as its net profit more than tripled in the July – September quarter compared with the same period a year ago. Rising demand for Toyota Motor Corp.’s models helped the company make up for decreasing sales in China due to the territorial dispute between two biggest Asia’s economies.
Toyota Motor Corp., Japan’s biggest carmaker, announced a global recall of approximately 7.43 million cars due to a power window glitch that posses a fire risk. The Toyota Motor’s recall is going to be the biggest single recall since 1996.