Toyota

Supplier exec pleads guilty to fixing Toyota parts prices

4:02 pm U.S. ET | July 31, 2014
An executive from GS Electech, a supplier to Toyota, pleaded guilty today to playing a role in an international conspiracy to rig bids and fix prices on auto parts, the Department of Justice said.... Read More »

 

Denso's quarterly profit falls on Japan labor costs, compact car shift

1:28 pm U.S. ET | July 31, 2014
Denso, the Toyota-affiliated auto supplier, posted a 16.7 percent drop in April-June quarterly operating profit from a year earlier as domestic labor costs rose and as automakers sold more compact cars in Japan that tend to be less profitable.... Read More »

 

Lexus' plans exclude China plant

5:13 pm U.S. ET | July 30, 2014
Lexus has no plans to join the rush of carmakers manufacturing in China because it has to learn to crawl in that market before it runs, a top executive says.... Read More »

 

Toyota luxury boss says sub-$30K car 'wouldn't be a Lexus'

3:10 pm U.S. ET | July 30, 2014
A senior Lexus executive said that a car priced below $30,000 would not be worthy of the brand, in an indirect dig at German rivals who have been moving downmarket. "We could go down and build a car under $30,000, but it would be decontented, and you'd be cutting corners. It wouldn't be a Lexus," Mark Templin, Lexus International's executive vice president, told Automotive News.... Read More »

 

VW closes gap on Toyota's global lead

July 30, 2014 08:02 CET
Volkswagen is closing in on Toyota as the global leader in vehicle sales, with a rapid expansion drive in China while Toyota curbs growth to focus on shoring up quality.... Read More »

 

Toyota plans to name $69,000 fuel-cell vehicle Mirai, report says

9:59 am U.S. ET | July 29, 2014
Toyota is planning to name its $69,000 fuel-cell car Mirai, the Japanese word for future, a person familiar with the decision told Bloomberg.... Read More »

 

Scion's entry-level reload means big changes

12:01 am U.S. ET | July 28, 2014
Toyota has decided to keep Scion as a starter brand with a product lineup tailored to young shoppers.... Read More »

 

Toyota delay could have domino effect

12:01 am U.S. ET | July 28, 2014
Delays in the development of the Toyota New Global Architecture platform may mean several products in the Toyota pipeline could be delayed by as much as six months.... Read More »

 

Consumer Reports presses Toyota to recall some 177,500 Camry hybrids

4:21 pm U.S. ET | July 28, 2014
Consumer Reports called on Toyota to recall about 177,500 older Camry hybrid sedans to address potential power brake defects.... Read More »

 

GM, Toyota plan to resume production in South Africa

4:07 pm U.S. ET | July 28, 2014
GM and Toyota plan to resume production on Tuesday in South Africa and the nation's largest union agreed to end a four-week strike in the metals sector after accepting a wage increase offer from employers.... Read More »

 

Lexus lineup aims for younger buyers

12:01 am U.S. ET | July 28, 2014
Lexus has taken an adventurous product direction, splitting its offerings into a traditional luxury channel for its older buyers and a new-product silo of performance-based vehicles to attract Gen X and Gen Y consumers.... Read More »

 

SHAREHOLDER VALUE

Lithia's big DCH deal was a boon for shareholders

12:01 am U.S. ET | July 28, 2014
Lithia Motors' big acquisition last month fueled a strong second quarter for the publicly traded retailer in terms of shareholder value return.... Read More »

 

A crush of crossovers from Japan's Big 3

12:01 am U.S. ET | July 28, 2014
Already well positioned in the red-hot crossover segments, Honda, Toyota, Nissan and their luxury-brand offshoots are eager to hold their ground.... Read More »

 

RICHARD TRUETT

Where U.S. shoppers draw the line on buying very small cars

12:01 am U.S. ET | July 28, 2014
Daimler says it's giving the Smart car another go in the United States by rebuilding it from wheels to roof, complete with new powertrains. It may not help.... Read More »

 

Strong retail demand to push U.S. sales higher in July, forecasts show

2:44 pm U.S. ET | July 25, 2014
The pace of auto sales has slowed slightly after hitting an eight-year high in June, but July's results are still shaping up to be at least 9 percent better than a year ago, according to four forecasts. The seasonally adjusted, annualized selling rate is expected to hit 16.6 million to 16.8 million, projections show.... Read More »

 

New-look Yaris will start at $15,670

2:54 pm U.S. ET | July 23, 2014
Pricing on the 2015 Yaris, Toyota’s struggling subcompact car, will start at $15,670, including shipping. Toyota gave the 2015 Yaris a face-lift in hopes that a newer look will attract more buyers.... Read More »

 

Japan readies fuel cell subsidies in bet on Toyota's next big thing

10:44 am U.S. ET | July 23, 2014
Japan is readying subsidies to help Toyota and key suppliers take the lead in hydrogen-powered fuel cell vehicles that could top $400 million over the next several years if the most bullish projections for the technology play out.... Read More »

 

RICHARD TRUETT

Where U.S. shoppers draw the line on buying very small cars

12:02 pm U.S. ET | July 22, 2014
Daimler says it's giving the Smart car another go in the United States by rebuilding it from wheels to roof, complete with new powertrains. It may not help.... Read More »

 

Toyota defends U.S. Hispanic market lead as segment grows

9:41 am U.S. ET | July 21, 2014
Toyota plans to remain the top-selling auto brand among Hispanic customers in the United States as competing automakers boost efforts to win a bigger share of business from the nation’s largest ethnic minority group.... Read More »

 

Toyota aims to hold U.S. Hispanic market lead as segment grows

6:49 pm U.S. ET | July 20, 2014
Toyota plans to remain the top-selling auto brand among U.S. Hispanic customers as competing automakers boost efforts to win a bigger share of business from the nation's largest ethnic minority group, a top executive said Sunday.... Read More »

 

Japan to dangle nearly $20,000 in subsidies to spur fuel-cell sales

9:05 am U.S. ET | July 19, 2014
Japan's government will offer at least $19,700 in subsidies to speed up the introduction of fuel-cell vehicles coming to market from Toyota and Honda.... Read More »

 

Mazda2 output begins in Japan

7:34 am U.S. ET | July 17, 2014
Mazda began manufacturing the next-generation Mazda2 subcompact in Japan today and unveiled the first pictures of the production model.... Read More »

 

Automated cars may boost urban sprawl, fuel use, Toyota scientist says

10:44 pm U.S. ET | July 16, 2014
Toyota says the appeal of autonomous cars carries the risk of adding to urban sprawl and pollution as they may encourage commuters to travel farther to work.... Read More »

 

GM's global sales rise 0.5% in 2nd quarter, trail VW

1:34 pm U.S. ET | July 16, 2014
GM's global auto sales rose 0.5 percent to 2.51 million during the second quarter as the automaker's tally of vehicle recalls in North America reached a record. GM sold 4.92 million cars and trucks during the first six months, a 1.4 percent gain from a year earlier.... Read More »

 

South African metalworkers employers withdraw wage offer

7:07 am U.S. ET | July 15, 2014
South Africa's steel and engineering employers group withdrew a "final" wage offer made to the striking NUMSA union. The strike has affected production at Ford, Toyota and GM.... Read More »

 

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