Toyota

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 »

 

Members only: How a Japanese Lexus dealer pampers LS owners

12:01 am U.S. ET | March 24, 2014
From the sparkling Swarovski chandelier to its veined marble paneling, the secluded LS Owners' Lounge at Nagoya's biggest Lexus dealership is one of a kind.... Read More »

 

LESSONS FROM TOYOTA SETTLEMENT

A $1.2 billion message: Be candid

12:01 am U.S. ET | March 24, 2014
Toyota's settlement of claims by the Department of Justice that it suppressed what it knew about safety flaws brings it a step closer to closing the door on four years of public humiliation and criticism.... Read More »

 

AN reporter Mark Rechtin is Neal winner

12:01 am U.S. ET | March 24, 2014
Mark Rechtin, West Coast editor for Automotive News, won a first-place prize in the 2014 Jesse H. Neal Awards, a prestigious journalism contest that recognizes the nation's finest business-to-business media.... Read More »

 

Bozzella, ex-Ford, Chrysler exec, named CEO of Global Automakers

March 21, 2014 06:01 CET
John Bozzella, an auto industry veteran who helped generate support for Chrysler's government bailout before leaving the company in 2009, was named CEO of the U.S.-based Association of Global Automakers.... Read More »

 

Bozzella, ex-Ford, Chrysler exec, named CEO of Global Automakers

8:30 am U.S. ET | March 21, 2014
John Bozzella, an auto industry veteran who helped to marshal support for Chrysler's government bailout before leaving the company in 2009, was named CEO of the Association of Global Automakers, a Washington-based coalition of 12 automakers including Honda, Hyundai, Nissan and Toyota.... Read More »

 

Akio Toyoda calls recalls a turning point for company

11:45 am U.S. ET | March 20, 2014
A day after his company agreed to pay a record $1.2 billion to settle a criminal probe into safety issues, the head of Toyota Motor Corp. called the preceding recalls a turning point for the carmaker. The recalls marked a shift in how Toyota and the industry think about safety, President Akio Toyoda said. It's no longer just about passing regulations but about delivering a sense of security.... Read More »

 

U.S. judge approves Toyota's $1.2 billion unintended acceleration deal

1:50 pm U.S. ET | March 20, 2014
A U.S. judge approved a deferred prosecution agreement with Toyota Motor Corp. on Thursday that resolves an investigation into safety issues and could serve as a model in a similar probe of General Motors.... Read More »

 

Toyota's $1.2 billion settlement may be model for U.S. probe into GM

10:41 pm U.S. ET | March 18, 2014
Toyota will pay a record $1.2 billion to resolve a criminal probe in to safety issues, in a deal that could serve as a template for how federal authorities approach a similar investigation into General Motors. The settlement between the Justice Department and Toyota includes an admission by the auto manufacturer that it misled American consumers about two different problems that caused cars to accelerate even as drivers tried to slow them down.... Read More »

 

HANS GREIMEL

Why it might be OK for GM to mirror Toyota on recall decisions

2:01 pm U.S. ET | March 18, 2014
On Monday it seemed as though GM's ignition switch recall wouldn't plumb the depths of Toyota's unintended-acceleration debacle back in 2010. Yet mere hours after I wrote an analysis to that effect, GM's path took an eerily similar turn. And it might actually be a good thing.... Read More »

 

NEWS ANALYSIS

GM recall is bad, but not yet Toyota-bad

3:30 pm U.S. ET | March 17, 2014
As bad as the General Motors ignition switch recall is, the storm still doesn't match the hysteria whipped up four years ago by Toyota's unintended-acceleration crisis. The Toyota recall was, and still is, the benchmark mammoth recall of our time.... Read More »

 

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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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