Toyota Motor plans to cut parent-only global automobile production by 20% in 2009 to 6.5m units as demand plunges, the Nikkei business daily said on Monday.
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Although there were reports last week that currency and other factors had added £1,000 or so to the prices, Honda UK has nonetheless managed to pitch its new entry-level Insight hybrid SE GBP2,380 under Toyota's Prius at GBP15,490. How Toyota, with a redesigned Prius waiting in the wings will respond, remains to be seen.
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Kyle Busch's name was on everyone's lips. He so easily won the two NASCAR races Saturday at the Auto Club Speedway (formerly, the Fontana Speedway), the Camping World truck race in the afternoon and the Nationwide race in the evening, that everyone thought it would be a piece of cake for him to do a historical three-peat Sunday afternoon during the Sprint Cup race, driving his No 18 Toyota Camry.
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Kyle Busch's name was on everyone's lips. He so easily won the two NASCAR races Saturday at the Auto Club Speedway (formerly, the Fontana Speedway), the Camping World truck race in the afternoon and the Nationwide race in the evening, that everyone thought it would be a piece of cake for him to do a historical three-peat Sunday afternoon during the Sprint Cup race, driving his No 18 Toyota Camry.
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Larry H. Miller, who built a single Toyota store into one of the nation's biggest auto retail chains, died Friday at the age of 64. His death was due to complications from diabetes, his company said in a statement.
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Toyota Motor Corp. is bringing back Yoshi Inaba, the former U.S. sales chief who left the automaker to run an airport. His return will be approved at the annual shareholders meeting in June, a spokesman said today.
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Toyota Motor Corp. is bringing back Yoshi Inaba, the former U.S. sales chief who left the automaker to run an airport. His return will be approved at the annual shareholders meeting in June, a spokesman said today.
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Toyota Motor Corp. is bringing back Yoshi Inaba to revitalize its struggling North American operations. Inaba, who led the U.S.
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Toyota Motor was expected to announce today (20 February) it was bringing back Yoshi Inaba, a former senior executive, to revamp its North American operations, a person familiar with the matter has said.
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Toyota Motor will boost domestic production in May after deep cuts in recent months to reduce a stockpile of cars left by the global economic crisis, an official said on Wednesday.
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Toyota's UK manufacturing operations have imposed a pay freeze and introduced a voluntary departure programme.
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Toyota has announced a freeze on pay and management bonuses at its UK car-making operations in 2009.
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The souring U.S. auto industry has claimed another victim: Product Action International LLC. The Indianapolis consulting firm that helps such clients as General Motors, Chrysler LLC and Toyota Motor Engineering and Manufacturing North America Inc.
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FAW Toyota, a joint venture between Toyota and FAW Group, has announced a goal of selling 380,000 units in 2009, a total that would be 8% up on 2008.
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Even though Toyota Motor Corp. touts its mighty Tundra pickup as "the truck that's changing it all," workers who build it in San Antonio are not immune from the threat of layoffs that have beset the Detroit 3 automakers. Opening the $1.
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The 2010 Toyota Camry, the newest version of the best-selling car in the United States, will have a base price of $20,115. That price, for a version with a manual transmission, includes a $720 delivery fee, Toyota said today in a statement.
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Toyota Motor Sales U.S.A. Inc. told employees this week that it is suspending annual merit pay increases.
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On the same day the automaker announced voluntary buyouts and another series of cuts at its North American facilities,Toyota's labour union in Japan formally asked for an average increase of JPY4,000 (US$44; EUR35) in basic monthly pay for regular employees to reflect rising prices.
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Toyota is to offer 18,000 workers buyouts and is introducing work sharing for the first time as part of a new package of measures at its North American manufacturing plants "designed to further reduce production in the midst of the worst automotive slump in decades".
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Volkswagen and Ford grew their share of the European market during a dismal January for all carmakers that hit rivals Toyota, Renault and GM among the hardest. Data published from ACEA showed a 27 percent collapse in new registrations last month.
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