Founding family member takes over Toyota to revive business

February 5th, 2009 TOKYO - Toyota Motor Corp, the world's largest automaker, Friday slashed its earnings prognosis for the third time, now predicting a net loss of 350 billion yen ($3.8 billion) for the business year that ends March 31. The worldwide downturn has hit Toyota harder than expected.

May 13th, 2009 Toyota cuts annual production goal to 7-year lowTOKYO — Toyota Motor Corp. said Wednesday it will cut vehicle production 28 percent this year to its lowest level in seven years.

May 8th, 2009 Toyota sees losses deepening this yearTOKYO — Toyota Motor Corp. said it sank into a 765.8 billion yen ($7.74 billion) net loss for the January-March quarter, bringing its loss for the full fiscal year to a bigger-than-expected 436.94 billion yen — its worst annual loss ever.

May 8th, 2009 Toyota projects losses on weak sales, strong yenTOKYO — Toyota Motor Corp., the world's top automaker, reports earnings for the fiscal fourth quarter on Friday. The following is a summary of key developments and analyst opinion related to the period.

December 23rd, 2008 TOKYO - Stocks in Tokyo opened lower Wednesday, after Toyota Motor Corp, Japan's largest automaker, projected its first operating loss in 71 years for the current business year. Following a slump on Wall Street which was dragged down by falling US home prices, the benchmark Nikkei 225 Stock Average was down 234.83 points, or 2.69 percent to 8,488.95.

June 3rd, 2009 Review: AAA iPhone app offers member discountsWASHINGTON — An organization rooted in 20th century car culture is joining 21st century smartphone culture. AAA has introduced a free iPhone application called AAA Discounts, which uses GPS technology to instantly identify nearby businesses offering deals for AAA members.

May 8th, 2009 Toyota sees losses growing this yearTOKYO — Toyota is reporting a 436.94 billion yen ($4.41 billion) net loss for the fiscal year through March, a larger loss than it had forecast and its worst result in company history. Worse may be yet to come.

June 4th, 2009 Toyota: hybrids best 'green' car for some timeTOYOTA, Japan — A Toyota executive overseeing research said Thursday a battery breakthrough is needed for electric vehicles to become mainstream, and hybrids will remain the best "green" car choice for some time. His comments came just hours after the Japan Automobile Dealers Association said Toyota's Prius hybrid was the No.

September 30th, 2009 Govt warns Toyota owners about stuck acceleratorsWASHINGTON — The government is warning owners of Toyota and Lexus vehicles about safety problems tied to removable floor mats. They say the mats could interfere with the vehicle's accelerator and cause a crash.

August 26th, 2009 Toyota to cut production capacity at Japan factoryTOKYO — Toyota Motor Corp. said Wednesday it plans to cut production capacity at one of its factories in Japan.

August 26th, 2009 Toyota recalls 95,700 Toyota, Scion vehiclesTORRANCE, Calif. — Toyota Motor Corp.

August 24th, 2009 NEW DELHI - Japanese car maker Toyota Kirloskar Motor Pvt Ltd Monday launched its Sports Utility Vehicle (SUV) Fortuner here. Priced at Rs.18.45 lakh (Rs.1.845 million) -- ex-showroom in Delhi -- Toyota Fortuner is now available in India only in its diesel variant.

October 5th, 2009 Toyota formally recalls 3.8 million vehiclesWASHINGTON — Toyota Motor Corp. is officially recalling 3.8 million vehicles in the United States to address problems with floor mats that could cause the gas pedal to get stuck and cause a crash.

July 11th, 2009 Toyota considering dissolving Nummi joint ventureNEW YORK — Toyota Motor Co. says it is considering dissolving its stake in a California manufacturing plant after General Motors Corp.

July 16th, 2009 Report: Toyota, Mazda to form tie-up on hybridsTOKYO — Toyota is in talks with Mazda about providing its key hybrid technology in a tie-up, the nation's top business daily reported Thursday. Both automakers said no decision has been made.