Toyota reports larger-than-expected annual loss, forecasts even bigger losses this yearMay 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.
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.
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.
Sony reports $1 billion yen annual loss and forecasts larger shortfall this fiscal yearMay 14th, 2009 Sony reports $1 billion yen annual lossTOKYO — Sony Corp. reported Thursday a 98.9 billion yen ($1 billion) loss for the fiscal year ended March, its first net loss in 14 years, and forecast its red ink to swell this year amid a serious downturn in global electronics demand.
Toyota projects losses because of weak sales, strong yen as auto industry reelsMay 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.
Sony reports 98.9 billion yen loss for fiscal year amid global slumpMay 14th, 2009 Sony reports 98.9 billion yen annual lossTOKYO — Sony is reporting a 98.9 billion yen ($1 billion) loss for the fiscal year ended March, its first net loss in 14 years. The Japanese electronics and entertainment company says Thursday its global sales fell 12.9 percent for the year amid the economic downturn.
Report: Toyota's Japan output seen falling below level needed to maintain workforceApril 21st, 2009 Report: Toyota's Japan output lowest in 31 yearsTOKYO — Toyota Motor Corp. expects its output in Japan this fiscal year to fall below the level needed to maintain its full-time work force for the first time in more than three decades, a report said Tuesday.
Report: Toyota's Japan output seen falling below level needed to maintain workforceApril 21st, 2009 Report: Toyota sees Japan output at 31 year lowTOKYO — Toyota Motor Corp. expects its vehicle production in Japan to fall to the lowest in more than three decades this fiscal year, and below the level needed to maintain its full-time workforce, a report said Tuesday.
Sony reports $1 billion annual loss, plans to close 3 plants; forecasts larger loss this yearMay 14th, 2009 Sony reports $1 billion annual lossTOKYO — Sony Corp. reported Thursday a 98.9 billion yen ($1 billion) loss for the fiscal year ended March, its first net loss in 14 years, and forecast its red ink to swell this year amid a serious downturn in global electronics demand.
Toyota to suspend production at Japanese line amid plans to lower annual outputAugust 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.
Sony reports $1 billion annual loss and plans to close 3 plants; sees more red ink this yearMay 14th, 2009 Sony reports $1 bln annual loss, sees more red inkTOKYO — Sony Corp. reported a 98.9 billion yen ($1 billion) loss for the fiscal year ended March, its first annual net loss in 14 years, and projected it would lose even more money this year amid a serious slump in the global electronics market.
Sony reports $1 billion annual loss and plans to close 3 plants; sees more red ink this yearMay 14th, 2009 Sony reports $1B annual loss; sees more red inkTOKYO — Sony Corp. reported a 98.9 billion yen ($1 billion) loss for the fiscal year ended March, its first annual net loss in 14 years, and projected it would lose even more money this year amid a serious slump in the global electronics market.
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.
Report: Toyota, Mazda to form partnership on hybrid technologyJuly 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.
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.
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