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Latest Toyota Motor Corp. Stories

2008-12-20 06:05:05

Japan's Toyota Motor Corp. is expected to report an operating loss for the first full year since 1949 amid slumping sales of small cars, sources say. The unconsolidated loss would be for the current fiscal year that ends in March and is being exacerbated by the yen's sharp appreciation against the dollar, sources told the Japanese Kyodo News agency Saturday. Toyota is likely to make a consolidated operating profit for fiscal 2008, albeit significantly reduced from the year before, the sources...

2008-12-14 18:06:10

Toyota executives may get substantially smaller bonuses this fiscal year -- and possibly none at all -- because of harsh economic reality, sources said Sunday. Citing informed sources, Kyodo reported that Toyota Motor Corp., Japan's biggest automaker, is considering cutting executives' salaries. The cost-cutting actions will be taken up at a shareholders' meeting next June, the sources told the Japanese news agency. The moves come as Toyota is likely to revise further downward its group...

2008-12-02 12:35:01

Automaker Ford Motor Co. said sales decreased sharply in November and projected a 38 percent cut in U.S. production for the first quarter of next year. Ford sales declined 31 percent in November compared with a year ago, while sales at Toyota Motor Corp. dropped 34 percent with 130,307 light vehicles sold in the month, The Wall Street Journal reported Tuesday. November marked Toyota's seventh consecutive month of sales declines with passenger cars sales off 32 percent, SUV sales off 30...

2008-08-28 18:00:23

Tokyo, Aug. 28 (Jiji Press)--Toyota Motor Corp. said Thursday that it has revised down its group's 2009 global vehicle sales estimate to some 9.7 million units from 10.4 million units due mainly to slumping sales in North America. Toyota President Katsuaki Watanabe announced the lower estimate at a meeting here to explain the Toyota group's business strategy. The estimate covers sales at Toyota and two subsidiaries--Daihatsu Motor Co. and Hino Motors Ltd. . No automaker in the world has...

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2008-08-27 07:10:00

Two Japanese companies have announced plans to develop the world's first ship to be propelled by engines partially powered by solar energy.Nipon Yusen KK, the country's largest shipping line, and Nippon Oil Corp hope to attach solar panels to the top of a 60,000 tonne car carrier to be used by Toyota Motor Corp. Nippon Yusen will invest about 150 million yen ($1.4 million) in the solar panel system to be designed by Nippon Oil.The solar panels will be capable of producing 40 kilowatts of...

2008-08-08 00:00:15

Toyota said Thursday its fiscal first-quarter profit plummeted 28 percent and stuck to its forecast that full-year profit will fall for the first time in seven years as it faces more problems from the weakening U.S. market. Toyota Motor Corp., which had been riding on the success of its fuel-efficient cars, has consistently posted growing profit since it started reporting under U.S. accounting standards. Toyota said its April-June profit fell to $3.23 billion. Quarterly sales edged down...

2008-08-02 21:00:07

By Dee-Ann Durbin General Motors, Ford, Toyota and other automakers said Friday that their U.S. sales fell by double-digits in July as they struggled to keep up with consumers' growing demand for smaller, more fuel-efficient vehicles. Nissan Motor Co. was the only major automaker to report a gain, with truck sales up a surprising 18 percent thanks in part to the new Rogue crossover. Nissan's overall sales rose 8.5percent. Automakers were expecting July sales to be at their lowest...

2008-08-02 12:00:05

By Associated Press TOKYO -- Toyota has developed a motorized stand-up-and-ride, Segway lookalike designed to help people scoot around at malls and airports. But the "Winglet," shown Friday in Tokyo, takes some getting used to. A demonstrator was visibly worried about its safety while accompanying a reporter who cautiously tried it on a short course in a Toyota showroom. Toyota officials insist anyone can learn to ride it with some practice, including the elderly -- its major target...

2008-08-01 18:00:05

Nagoya, Aug. 1 (Jiji Press)--Toyota Motor Corp. said Friday it has developed a motorized stand-up-and-ride device under its "Partner Robot" initiative. The next-generation transport tool, called the Winglet, could enable people to scoot about at large-scale malls and airports and also increase mobility for those who have difficulties walking long distances, Toyota officials said. Toyota, based in Aichi Prefecture, is scheduled to conduct feasibility tests of the electric two-wheeler at...

2008-07-28 18:00:20

Tokyo, July 28 (Jiji Press)--Toyota Motor Corp. said Monday that it has cut its group's global vehicle sales projection for 2008 by 350,000 units to 9.5 million units. Global vehicle output by Toyota and two subsidiaries--Hino Motors Ltd. and Daihatsu Motor Co. --is now also estimated at 9.5 million units, down 450,000 units from the earlier estimate, the top Japanese automaker said. The bleaker sales projection is still higher than the Toyota group's 2007 sales that totaled 9.37...


Word of the Day
abrosia
  • Wasting away as a result of abstinence from food.
The word 'abrosia' comes from a Greek roots meaning 'not' and 'eating'.