Toyota Innova, Corolla to cost moreDecember 23rd, 2008 NEW DELHI - Toyota's Innova and Corolla Altis models will be costlier by up to Rs.25,000 next month, the Japanese auto major said Wednesday. A company statement said the price hike decision was taken due to increase in cost, thanks to the rising dollar exchange rate.
Toyota launches Land Cruiser in IndiaJune 9th, 2009 MUMBAI - Auto major Toyota Kirloskar Motors (TKM) Tuesday launched its eighth generation Land Cruiser sports utility vehicle (SUV) in the Indian market, priced in the range of Rs.81.64 lakh and Rs.83.1 lakh, almost double the present price. TKM is an 89:11 joint venture between Japan's Toyota Motor Corp and India's Kirloskar group.
Toyota to invest Rs.8 bn more in India plantJune 24th, 2009 BANGALORE - Japanese auto major Toyota Motor Corporation (TMC) will invest an additional Rs.8 billion ($165 million) in its Indian joint venture with the Kirloskar group to expand capacity of its Bangalore plant and roll out a small car for the domestic market, Karnataka Industry Minister Murugesh R. Nirani said Wednesday.
Toyota awaits duty relief to bring hybrid Prius to IndiaFebruary 23rd, 2009 BANGALORE - Global auto major Toyota Motor Corp is eager to bring its fuel-efficient hybrid sedan Prius to the Indian market, but wants the high import tariff (105 percent) on such cars to be lowered, a top official said Monday. 'We are showcasing Prius for the first time in India here though we have no plans to introduce now.
Toyota hopes small car segment will boost sales next fiscalMay 2nd, 2009 NEW DELHI - Toyota Kirloskar Motors (TKM) is not expecting huge sales growth this fiscal despite conditions improving in the last quarter, but hopes that its small car portfolio will push up sales in 2010-11. TKM, a joint venture between Japanese auto major Toyota and Indian firm Kirloskar, is planning to introduce two compact offerings by the 2010-end - a hatchback and the other a sedan, company deputy managing director (marketing) Sandeep Singh told reporters here Saturday.
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.
Toyota recalls 95,700 Toyota, Scion vehicles due to possible brake malfunctionAugust 26th, 2009 Toyota recalls 95,700 Toyota, Scion vehiclesTORRANCE, Calif. — Toyota Motor Corp.
Toyota launches SUV FortunerAugust 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.
Toyota tells gov't it is recalling 3.8 million vehicles, including top-selling Camry and PriusOctober 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.
TiVo unveils BlackBerry app enabling recording of shows on the goSeptember 30th, 2009 TiVo unveils BlackBerry app for show recordingTV viewers can now TiVo using their BlackBerry. TiVo Inc., the maker of digital video recorders that can pause and rewind live programming, unveiled a free application Wednesday for the BlackBerry that lets subscribers set up recording of TV shows from the phones.
Toyota weighing liquidation for Nummi stake after GM pulls out of joint ventureJuly 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.
Toyota board votes to end contract to build vehicles at California plantAugust 27th, 2009 Toyota plans to end production at joint ventureWASHINGTON — Toyota Motor Corp. plans to end production in March 2010 at a California joint venture where it has built vehicles with General Motors Co.
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.
Mitsubishi unveils $47,000 zero-emissions electric car, eyes global expansionJune 5th, 2009 Mitsubishi unveils $47,000 electric carTOKYO — Mitsubishi Motors Corp.'s electric vehicle is twice as expensive as popular hybrid cars by rivals Toyota and Honda, but Japan's No. 4 automaker said Friday the i-MiEV will help it survive increasingly intense global competition.
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.
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