ToyotaGM China April sales rise 15% as Toyota struggles 6:19 am U.S. ET | May 6, 2013  General Motors reported sales growth in China accelerated last month while Toyota's sales continued to lag. GM sales climbed 15 percent to 261,870 units in April, according to figures released today by the carmaker. Toyota reported sales fell 6.5 percent to 76,400 units, the ninth drop in 10 months.... Read More »
AKIO TAKES THE WHEEL Toyota's car-buff president makes Lexus his pet project 12:01 am U.S. ET | May 6, 2013  By Akio Toyoda's own admission, his beloved Lexus luxury brand has a big problem. Unlike its German rivals, Lexus has no heritage, no narrative. Now the Toyota Motor Corp. president is investing himself personally in the brand by taking direct control of all things Lexus.... Read More »
Dreary HQ city is a handicap in global glitz plan 12:01 am U.S. ET | May 6, 2013 Lexus Group was rechristened Lexus International in June 2012 in an effort to lend an air of worldwide reach and urbane globalism. Despite efforts to internationalize the brand, there is still one big hurdle: The limited allure of the company's bland industrial hometown of Toyota City.... Read More »
CARS & CONCEPTS Execs drop hints about the next Lexus model 12:01 am U.S. ET | May 6, 2013  Lexus hosted a party at a trendy Chelsea nightspot last month to launch a global ad campaign, but brand bosses also fueled speculation on what's next in the lineup.... Read More »
Toyota: Cost to develop fuel cell cars falls 12:01 am U.S. ET | May 6, 2013 The hydrogen refueling infrastructure may not be ready, but the cost of developing the fuel cell cars Toyota plans to launch in 2015 has plunged.... Read More »
U.S. output of the Prius is on hold 12:01 am U.S. ET | May 6, 2013  Once considered a sure bet for U.S. production, the Toyota Prius is now on indefinite hold for assembly here, said Jim Lentz, CEO of Toyota's North American region.... Read More »
Ford sees Thai operations as export hub for southeast Asia 6:34 pm U.S. ET | May 5, 2013  Ford's factories in Thailand are capable of producing eight times more vehicles than it sells. With help from a Thai government program, the automaker plans to make sure the excess capacity doesn't become a liability like at its plants in Europe.... Read More »
Ford to pass its own hybrid sales record in five months on Fusion, C-Max 3:41 pm U.S. ET | May 3, 2013  Ford, seeking to challenge Toyota's dominance in gasoline-electric vehicles, said it will pass its own full-year record for hybrid sales in the United States this month on demand for its Fusion and C-Max hybrid models.... Read More »
Toyota's 10 million plan: Common parts, r&dMay 3, 2013 06:01 CET  Toyota President Akio Toyoda is banking on an overhauled r&d strategy to kick the company his grandfather founded into growth mode after four years of crises. The strategy will help boost Toyota's global sales beyond 10 million units a year.... Read More »
Mid-sized sedans, hot in 2012, cool off 5:11 pm U.S. ET | May 1, 2013  For the third straight month, a different car has topped the giant mid-sized sedan market, a segment that has significantly slowed this year as competition intensifies. Sales declined in April for seven of the 10 top mid-sized cars. Overall, mid-sized car sales fell 1 percent in the month and are up just 2 percent so far this year.... Read More »
Mercedes extends U.S. luxury lead over BMW in April 2:03 pm U.S. ET | May 1, 2013  Mercedes-Benz extended its lead over BMW in the U.S. luxury sales race, with a 5.8 percent gain in April. Sales for the Mercedes brand rose to 23,635 in April, led by gains for the C-class sedan and M-class SUV. The BMW brand posted a 10 percent increase in April to 23,225, the company said today in a statement.... Read More »
Mercedes extends U.S. luxury lead over BMW in AprilMay 1, 2013 20:03 CET  Mercedes-Benz extended its lead over BMW in the U.S. luxury sales race, with a 5.8 percent gain in April. Sales for the Mercedes brand rose to 23,635 in April, led by gains for the C-class sedan and M-class SUV. The BMW brand posted a 10 percent increase in April to 23,225, the company said today in a statement.... Read More »
Crossovers lead Honda April gains 5:00 pm U.S. ET | May 1, 2013 Stoked by record April results for the Honda CR-V and Acura RDX compact crossovers, American Honda sales increased 7 percent to 130,999 units last month.... Read More »
Toyota car sales slide in April 5:05 pm U.S. ET | May 1, 2013
Lexus prices base 2014 IS at $36,845, up $885 12:10 pm U.S. ET | May 1, 2013  Lexus has set the base price of the 2014 IS compact sport sedan at $36,845, including shipping, an increase of $885 from its predecessor, Lexus said.... Read More »
Toyota 2015 fuel cell vehicle to cost between $50,000 and $100,000 5:51 pm U.S. ET | April 30, 2013  The cost of a completed hydrogen fuel cell vehicle today is 1/20th of what it was when current prototypes were being developed, Toyota says, paving the way for a workable business model and improved sales prospects.... Read More »
The 10 million plan: Common parts, r&d 12:01 am U.S. ET | April 29, 2013  Toyota Motor Corp. President Akio Toyoda is banking on an overhauled r&d strategy to kick the company his grandfather founded into growth mode after four years of crises. The strategy will help boost Toyota's global sales beyond 10 million units a year.... Read More »
FINAL ASSEMBLY Lexus goes hipster, parties with robots in the Big Apple 12:01 am U.S. ET | April 29, 2013  At the launch party for Lexus' global marketing campaign, the theme was definitely New York hipster.... Read More »
Aisin Seiki's net jumps 40 percent as production rebounds in Japan, elsewhere 4:09 pm U.S. ET | April 26, 2013 Aisin Seiki's net income jumped 40 percent to 77.5 billion yen ($823.1 million), as revenue rose 10 percent to $26.87 billion, in the fiscal year ended March 31, the parts supplier said today.... Read More »
Denso says quarterly profit drops 5.3%, annual results improve 12:01 am U.S. ET | April 26, 2013  Toyota affiliate Denso, the world's second-largest auto parts supplier, booked operating profit of 74 billion yen ($748 million) for the January-March quarter, down 5 percent from a year earlier when it was still recovering from an earthquake that disrupted production.... Read More »
Toyota outsells GM worldwide for 5th straight quarter 12:19 pm U.S. ET | April 24, 2013  Toyota Motor Corp. outsold all automakers for a fifth straight quarter as the yen's depreciation sharpens the Japanese company's edge over General Motors and Volkswagen AG.... Read More »
Boston-area dealership had bird's eye view of bombing suspects' gunfight, arrest 4:23 pm U.S. ET | April 22, 2013  A week after the Boston Marathon bombings, the city was beginning to return to normal today with shops reopening and residents heading back to work. But three days ago -- when the area was under lockdown as officials searched endlessly for the second suspect involved in the blasts that left three dead and over 170 injured -- it was a different story.... Read More »
Transplants keep rolling in N. America 12:01 am U.S. ET | April 22, 2013  The rise of foreign automakers in North America gained huge momentum during the dark days of the recession, accelerating the decline of Detroit 3 dominance. Today 39 percent of all auto company employees in North America work for companies other than the Detroit 3, according to an Automotive News survey.... Read More »
Toyoda's team fast-tracked Lexus move 12:01 am U.S. ET | April 22, 2013  A year ago Toyota Motor Corp. executives in Japan questioned whether their U.S. factories could meet the exacting standards required to build Lexus vehicles. Now 50,000 units of the Lexus ES will be built in Kentucky starting in 2015.... Read More »
2013 SHANGHAI AUTO SHOW Toyota re-styles no-frills models to drive China fightback 8:51 am U.S. ET | April 21, 2013  Toyota is giving its Vios and Yaris models a major makeover for China as part of the Japanese group's make-or-break move into the no-frills entry-level segment of the world's biggest autos market.... Read More »
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