Toyota no longer pursuing 15 percent global market share under new presidentAugust 7th, 2009 Toyota not chasing 15 percent global market shareTOKYO — Toyota under its new president will no longer chase global market share and other numerical targets, even as it hopes to sell more cars in emerging markets, a company executive said Friday. Under previous presidents, Toyota Motor Corp.
Founding family member takes over Toyota to revive businessJune 23rd, 2009 TOKYO - Akio Toyoda Tuesday was confirmed as president of Toyota Motor Corp at a shareholders' meeting in the central Japanese city of Toyota, the headquarters of the world's leading carmaker. While a record 3,364 shareholders attended the meeting, the 53-year-old member of the founding family took over at a time Toyota has been suffering its first annual losses in more than 70 years of company history.
Sony president to step down in April as record loss expectedFebruary 27th, 2009 TOKYO - Sony Corp's president is to resign in April as the company was forecasting a record loss in the current business year because of a surge in the yen's value and declining sales, it said Friday. The Japanese electronics giant announced that Ryoji Chubachi would step down and chairman Howard Stringer would serve in both posts as the firm seeks to achieve a recovery in its core electronics business.
Toyota rolls out first hybrid-only Lexus model with hopes green cars will boost lagging salesJuly 14th, 2009 Toyota rolls out first hybrid-only Lexus modelTOKYO — Toyota rolled out its first hybrid-only Lexus luxury model Tuesday, as the world's top automaker seeks to turn itself around by pushing the increasingly popular green technology. Toyota Motor Corp.
Toyota executive banks on hybrids without battery breakthrough for electric carsJune 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.
Toyota shareholders approve founder's grandson as president to steer turnaroundJune 23rd, 2009 Toyota shareholders OK founder's grandson as headTOYOTA, Japan — Toyota shareholders approved the appointment of the company founder's grandson Akio Toyoda as new president Tuesday, hoping that reaching back to the automaker's family roots will help steer the manufacturer out of its worst ever crisis. More than 3,300 shareholders packing a hall at Toyota Motor Corp.
Toyota plant churns out Prius to meet hot demand _ but plans to open US factory on holdJune 5th, 2009 Toyota plant on a roll with hit PriusTOYOTA, Japan — Toyota's Tsutsumi plant was abuzz with drills and other machinery Friday, with workers brought in from other, less busy plants to crank out the new Prius to keep up with bursting demand for the hybrid car. But the Toyota Motor Corp.
Toyota reports $819 million quarterly loss on plunging sales, strong yenAugust 4th, 2009 Toyota reports $819 million quarterly lossTOKYO — Booming sales of the Prius hybrid helped the world's No. 1 automaker Toyota deliver a smaller-than-expected 77.82 billion yen ($819 million) quarterly loss and narrow its forecast of red ink for the full year.
Toyota plans $1 billion US marketing effort in 4th quarter, betting on recovery in auto marketSeptember 17th, 2009 Eyeing recovery, Toyota plans $1B marketing pushNEW YORK — Toyota Motor Corp. will pour $1 billion into a major U.S.
Toyota predicts net loss in current fiscalFebruary 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.
Toyota to launch Fortuner by SeptemberApril 8th, 2009 NEW DELHI - Unperturbed by the financial crisis and a slump in sales, Japanese auto major Toyota Motor Wednesday announced that it will launch its high end sport utility vehicle (SUV) Fortuner in India by September this year. Fortuner, which is currently available in Philippines and Malaysia, will be imported to India in completely knocked down (fully disassembled) condition and is expected to be sold at around Rs.20 lakh.
Toyota cuts annual production goal by 28 percent to lowest in 7 yearsMay 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.
Report: Toyota to dissolve California joint venture factory with General MotorsJuly 23rd, 2009 Report: Toyota to end Calif. joint venture with GMNEW YORK — Toyota Motor Corp.
GM's stake in Nummi to become part of 'Old GM,' will discontinue vehicle production thereJune 29th, 2009 GM ending Nummi joint venture with ToyotaNEW YORK — General Motors Corp. said Monday is ending its joint venture with Toyota Motor Corp.
Toyota owners warned by government over potential problems with stuck acceleratorsSeptember 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.
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