Toyota Motor Corp. said that it is going to invest about $126 million in three new facilities in Michigan, for expansion of its technical …
Japan’s top and the largest carmakers, Toyota, Nissan and Honda Motors, to recall 6.5 million vehicles triggered by defects in Takata Corp.’s airbag inflators. …
With Hydrogen fuel-cell vehicles being the new alternative fuel vehicle, Toyota Motor Corp. offered more details about its long-awaited fuel-cell powered sedan named “Mirai,” …
It seems that Toyota Motor Corp. is on its track to full recovery as in the fiscal year ended March 2013 it saw its net profit triple on a year-on-year basis. Even though the Japan’s biggest carmaker enjoyed quite satisfying results, the company has decided to stick to its low-risk growth plan. Even optimistic estimates, which show that it will see its profit jump to the highest level in six years in the ongoing year, were not able to change the conservative and rigid plans of the company.
Toyota Motor Corp. does not stop in its attempts to expand. It is widely rumored that the Japan’s automaker is to reveal its plans to start production of Lexus cars in the United States. Interestingly, it seems that Toyota Motor Corp. is striving for the title of the No.1 in the US luxury ranking which the company lost back in 2011
It seems that Toyota Motor Corp. is going through tough times as it will have to recall as many as 1.73 million vehicles globally as it has faced safety issues revolving around airbags. Other Japan’s carmakers, including Honda Motor Co., Nissan Motor Co. and Mazda Motor Corp., have announced the same process as their models have also encountered similar problems. But that is not the last of problems for Toyota Motor Corp. as the carmaker is now at war against Ford Motor Co. over the title of the best-selling car in 2012.
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.
The sales of the Toyota Motor Corp. in the country of China have been down by nearly 40 percent in the month of September as compared to the previous year. The sales of some of its rival companies like BMW and Hyundai however soared high in China. This fact of Toyota’s China sales fall reveals how badly the two countries have been struck by their ongoing territorial row.
A fund connected to the Japanese government has taken a bailout of chip maker, Renesas Electronics, into account as part of a group comprising of Toyota Motor Corp., making a counter offer against a bid worth $1.3 billion or 100 billion yen for the company by KKR private equity firm.
Auto industry in the US has been recovering and shifting its track to the fast lane. Even with gas prices at nearly $4, smaller cars like the Nissan Versa, Ford Focus and Fiat 500 flew off dealer lots in March, and have been giving car makers their best monthly sales in almost five years.