Toyota

Toyota, GM cases could usher in era of big recalls, increased scrutiny

12:01 am U.S. ET | April 10, 2014
After Toyota and GM were criticized for dragging their feet before calling back defective models in recent years, automakers are accelerating safety actions. Recalls recently climbed to records in Japan and China, while in the United States the 2014 pace is well ahead of last year's, when the tally rose to the highest since 2004.... Read More »

 

Toyota unveils new generation of fuel-efficient engines

April 10, 2014 11:56 CET
Toyota has unveiled two fresh fuel-efficient powerplants that will underpin 14 new gasoline engine variants to be introduced globally through next year.... Read More »

 

Toyota, GM cases could usher in era of big recalls, increased scrutiny

April 10, 2014 06:01 CET
After Toyota and GM were criticized for delaying recalls of defective models in recent years, automakers are accelerating safety actions. Recalls recently climbed to records in Japan and China.... Read More »

 

Toyota recalls more than 6 million vehicles

April 9, 2014 09:51 CET
Toyota recalled 6.39 million vehicles worldwide for a range of glitches, from faulty airbags and seat rails to defective windshield wipers. The action affects about 2.34 million vehicles in North America and 810,000 in Europe.... Read More »

 

Rainbow PUSH targets new imbalance with Japan

11:36 am U.S. ET | April 9, 2014
Mention trade deficits with Japan, and the phrase usually conjures the 1980s trade wars with Tokyo over the flood of made-in-Japan imports to the United States. But for civil rights leader Jesse Jackson, there is a new trade gap with Japan.... Read More »

 

Aisin Seiki names Toyota veteran Yoshiaki Kato as tech center president

3:20 pm U.S. ET | April 7, 2014
Japanese supplier Aisin Seiki today said Yoshiaki “Yoshi” Kato has become president of the Aisin Technical Center of America in Plymouth, Mich., near Detroit.... Read More »

 

Toyota's future manufacturing plans see humans replacing robots

2:33 pm U.S. ET | April 7, 2014
Toyota’s next step forward in manufacturing is counter-intuitive in an age of automation: Humans are taking the place of machines in plants across Japan so workers can develop new skills and figure out ways to improve production lines and the car-building process.... Read More »

 

2014 BEIJING AUTO SHOW

Lexus previews production NX compact crossover

2:11 pm U.S. ET | April 7, 2014
Lexus has published a preview of the 2015 Lexus NX luxury compact crossover, scheduled to debut April 20 at the 2014 China auto show in Beijing. The upcoming Lexus NX is meant to battle the likes of the BMW X1, the Audi Q3, and the Mercedes-Benz GLA, and it was previewed earlier in concept form as the LF-NX.... Read More »

 

$1.2 billion fine? It barely dents Toyota's cash pile

12:01 am U.S. ET | April 7, 2014
Toyota Motor Corp. just got hit with a costly $1.2 billion Department of Justice settlement for safety violations. So what does it do next?... Read More »

 

Toyota’s North America chief seeks fuel cell sedan supply boost

11:48 am U.S. ET | April 4, 2014
Toyota's North American boss Jim Lentz, preparing to sell Camry-sized hydrogen sedans next year, said he’s “bullish” about advances in the company’s fuel cell system and wants more supply of the Japan-built cars in the United States.... Read More »

 

Unifor delays union vote at Toyota's Canada plants

6:37 pm U.S. ET | April 3, 2014
The union pushing to organize workers at Toyota's Canadian plants said on Thursday it would delay a union vote after Toyota said some 7,500 employees would be eligible to join the unit, nearly 1,000 more than the union had believed. The news is a setback for Unifor, Canada's largest private sector union, which filed for certification with the Ontario labor board on Monday and said voting would start next week.... Read More »

 

GM ignition recall-suit consolidation sought before Toyota judge in Calif.

7:26 am U.S. ET | April 2, 2014
GM's growing number of lawsuits over the recalls of now 2.59 million small cars for faulty ignition switches should be consolidated before the same judge overseeing Toyota's acceleration cases, a lawyer for vehicle owners said.... Read More »

 

Jesse Jackson leads minority trade mission to Japan's automakers

7:02 am U.S. ET | April 2, 2014
Jesse Jackson is leading a Rainbow PUSH Coalition trade mission to meet with the heads of Japan's leading automakers later this week, in order to increase the representation of minority interests in management, suppliers and dealerships.... Read More »

 

VW seeks to open car plant in Thailand, sources say

April 2, 2014 10:08 CET
VW Group has applied to set up its first car plant in Thailand to help narrow the gap with Toyota in Southeast Asia, people familiar with the matter said. VW sees a "strong market opportunity" in the region CFO Hans Dieter Poetsch said last week.... Read More »

 

MARCH U.S. AUTO SALES

U.S. sales rise 6% as spring momentum builds

8:00 am U.S. ET | April 1, 2014
U.S. light-vehicle sales rose 6 percent to 1.54 million units in March, exceeding analysts' forecasts and signaling the auto industry has shaken off its sluggish start to 2014. The seasonally adjusted sales rate -- a broad gauge of the industry's health -- surged to 16.4 million units from 15.3 million units a year ago. It's the best showing for the SAAR since November 2013 and among the highest in the past seven years.... Read More »

 

Toyota sales rise 5% on strength of Camry

3:47 pm U.S. ET | April 1, 2014
Toyota Motor Sales U.S.A.'s March sales increased 5 percent to 215,348 units. It was Toyota's best March since 2008, and gave Toyota a claim to being the best-selling retail automaker in retail-only sales for the month.... Read More »

 

MARCH U.S. AUTO SALES

March light-vehicle volume projected to rise 2% to 1.5 million

7:12 am U.S. ET | March 31, 2014
After severe winter weather put a freeze on U.S. light-vehicle deliveries in January and February, industrywide sales are forecast to rise 2 percent to 1.48 million light vehicles in March. The annualized sales rate, adjusted for seasonal factors, may rise to 15.8 million units, based on the average of 14 estimates, from 15.3 million a year earlier.... Read More »

 

Toyota factory workers in Canada to vote on joining Unifor union

2:58 pm U.S. ET | March 31, 2014
Workers at Toyota's Canadian manufacturing plants are set to vote next week on whether to unionize. Unifor, Canada's largest private-sector union, said on Monday it has filed with the Ontario labor board to hold a union certification vote at three Toyota assembly plants in Canada.... Read More »

 

Toyota's major midcycle revamp aims to keep Camry on top

12:01 am U.S. ET | March 29, 2014
It has been the best-selling car in the United States for 12 years, but the Toyota Camry is losing ground in the industry's escalating mid-sized sedan wars. Now Toyota will break with tradition by extensively revamping the car just three years after it was redesigned.... Read More »

 

Toyota recalls 124,050 Avalons to prevent inadvertent airbag deployments

11:34 am U.S. ET | March 28, 2014
Toyota said it was recalling about 124,050 Avalon large sedans globally, with most in the United States, to fix an electrical issue that may cause the front airbags to inadvertently deploy.... Read More »

 

Honda, Toyota plan to launch fuel cell vehicles in 2015

6:20 am U.S. ET | March 26, 2014
Honda and Toyota plan to launch fuel cell vehicles in the consumer market in 2015, with each producing about 1,000 units a year, the Nikkei newspaper reported.... Read More »

 

Honda, Toyota plan to launch fuel cell vehicles in 2015

March 26, 2014 12:20 CET
Honda and Toyota plan to launch fuel cell vehicles in the consumer market in 2015, with each producing about 1,000 units a year, a report said.... Read More »

 

Toyota buying back stock for first time since 2009 as cash grows

12:51 pm U.S. ET | March 26, 2014
Toyota said it will buy back stock for the first time in five years as its cash pile swells and profit climbs. Toyota will repurchase as many as 60 million shares, equivalent to a 1.9 percent stake, for 360 billion yen ($3.5 billion), according to a statement Tuesday. The company, which last bought back stock in February 2009, plans to retire about half of those shares by the end of June.... Read More »

 

GM recall prompts bill that would make early-warning safety reports public

12:48 pm U.S. ET | March 25, 2014
Two United States senators introduced a bill today to expand the public's access to automakers' safety filings with regulators, saying federal reforms could prevent fatal crashes like those linked to a defective General Motors ignition switch.... Read More »

 

After Toyota penalty, U.S. prosecutors consider new approach on company misconduct

8:20 am U.S. ET | March 25, 2014
Federal prosecutors are considering using the legal theory behind a penalty imposed on Toyota to go after misconduct in industries ranging from auto and airplane makers to mining, a Department of Justice official told Reuters.... Read More »

 

Rocket Fuel