Toyota Motor Corp. board members Tuesday officially selected Akio Toyoda as the company's new president, as the car maker struggles to recover from huge losses and a global auto sales slump.Mr. Toyoda, 53 years old, grandson of the company founder, Kiichiro Toyoda, is the first member of the Toyoda family to lead the company in ... [more]
June 24, 2009
TOYOTA, Japan (Dow Jones)--Toyota Motor Corp.'s (7203.TO) outgoing president Katsuaki Watanabe Tuesday pledged at the auto maker's annual shareholders meeting that the company would revive its earnings performance by cutting production costs.The world's biggest car maker by volume also aims to enhance its leading position in the green car... [more]
June 24, 2009
Tax component accounts for 30 percent or an estimated P600,000 of the P2.2 million retail price of the environment-friendly Toyota Prius, Toyota Motor Philippines Corp. (TMPC) president Hiroshi Ito said.Ito told reporters at the launch of the third generation Prius on Friday that should the government decides to lower taxes on hybrid cars like... [more]
June 22, 2009
The bankruptcies of General Motors and Chrysler are changing the landscape of the auto industry. The two U.S. companies are shuttering plants, shedding dealers and reducing their product lines.As a result, Toyota Motor will become the largest seller of light vehicles in the U.S. It has held the top spot globally since last year.The... [more]
June 21, 2009
(06-20) 17:56 PDT -- For the NASCAR drivers in the Sprint Cup series, today's Toyota/Save Mart 350 is way out of the ordinary. They run on ovals for 34 of the 36 races in the season but branch out to road courses for today's race at Infineon Raceway and the Aug. 9 race at Watkins Glen, N.Y.Now there's an extra concern for drivers: the... [more]
June 21, 2009
The June 9 Business article "Toyota Wants New Prius to Be America's Next Top Model" called the Prius an "eco-icon" and said that it has allowed Americans to "advertise their eco-correctness." A Toyota spokesman was quoted as saying that many Prius buyers want to "make an environmental statement."The Prius's reputation as a "green" car is... [more]
June 21, 2009
The Japanese car manufacturer Toyota has canceled all plans of coming out with a diesel hybrid variant of the Prius in the near future. A spokesperson for the carmaker said that, although other brands are going toward the diesel hybrids at the present time, the idea is still quite far for Toyota.Having set a high standard with the latest... [more]
June 19, 2009
June 13 - Toyota Motor Corp is taking steps to boost the production capacity for the nickel-metal hydride batteries used in its Prius hybrid cars, the Nikkei business daily reported.Toyota is seeking enough NiMH batteries to equip 1.1 million hybrid cars in 2010, or 10 percent more than was initially called for in its existing expansion plans,... [more]
June 14, 2009
Motorcycle-riding car thieves took a Toyota Innova in front of a drug store in Fairview, Quezon City, police said Wednesday.Police said Ramir Cruz, driver of a gold Toyota Innova (XTU 132), left the vehicle with its engine running while delivering goods to the R3 Pharmacy on Dalia Street.Witnesses said two motorcycle-riding men, wearing... [more]
June 11, 2009
Toyota Kirloskar Motor today said it will launch its small car by the end of 2010 by when its plant in Bangalore is ready."We will launch our small car by 2010-end. Our plant for the small car in Bangalore will be ready by that time," Toyota Kirloskar Motor Deputy Managing Director Sandeep Singh told PTI.Singh was in the city to launch... [more]
June 10, 2009
