Subaru

Toyota, pressed to innovate, cuts marketing outlays to fuel r&d

Toyota has begun slashing costs, starting with sales and marketing, and shifting resources into research that will help it keep up with new competitors, Reuters reported, citing people familiar with the matter.


Subaru shuffles CEO amid more fuel data tampering

Subaru named a new CEO, Tomomi Nakamura, after disclosing inspectors found the company altered fuel economy and emissions data on more vehicles built and sold in Japan. Yasuyuki Yoshinaga is stepping down as president and CEO, and will become chairman to focus on the misconduct.

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