Auto News 5

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. Full story...

NASHVILLE -- Toyota Motor Corp. said Thursday night it is freezing wages, reducing hours and adopting a voluntary exit program across its North American manufacturing operations. Full story...

Beyond their wildest expectations, veteran drivers Scott Riggs and Jeremy Mayfield used superspeedway Toyota Camrys that were built a year-and-a-half ago and managed to shine in both Gatorade duels to finally make the cut for the Daytona 500. Full story...

Beyond their wildest expectations, veteran drivers Scott Riggs and Jeremy Mayfield used superspeedway Toyota Camrys that were built a year-and-a-half ago and managed to shine in both Gatorade duels to finally make the cut for the Daytona 500. Full story...

Beyond their wildest expectations, veteran drivers Scott Riggs and Jeremy Mayfield used superspeedway Toyota Camrys that were built a year-and-a-half ago and managed to shine in both Gatorade duels to finally make the cut for the Daytona 500. Full story...

Still refraining from laying off any North American workers, Toyota Motor Corp. said Thursday night that it is freezing wage, reducing hours and adopting a voluntary exit program. Full story...

Former Toyota executive John Koenig will head sales for Mitsubishi Motors North America after the resignation of Daniel Kuhnert. Full story...

New vehicle sales in Indonesia fell by 19.6% in January to 34,167 units, according to industry-wide wholesale data released by distributor PT Toyota Astra Motor. Full story...

Toyota is showing attendees of the Chicago Auto Show a refreshed Tundra pickup model set for sale in the 2010 model year. For 2010, the Tundra will feature new standard features, a new V8 engine, and enhanced value across its lineup. Full story...

Toyota is showing attendees of the Chicago Auto Show a refreshed Tundra pickup model set for sale in the 2010 model year. For 2010, the Tundra will feature new standard features, a new V8 engine, and enhanced value across its lineup. Full story...

Toyota uncovered a freshened 2010 Tundra on Wednesday at the Chicago auto show. Among the improvements are a new Platinum package, updated appearance and new 4.6-liter V8 engine option. Full story...

The world's best-selling hybrid is about to get a well-deserved makeover. The new Prius is powered by a hybrid powertrain that is 90% new, according to Toyota. Combined fuel economy now averages 3.8 L/100 km, a 7% improvement, while developing 22% more power. Full story...

The world's best-selling hybrid is about to get a well-deserved makeover. The new Prius is powered by a hybrid powertrain that is 90% new, according to Toyota. Combined fuel economy now averages 3.8 L/100 km, a 7% improvement, while developing 22% more power. Full story...

The Automobile Journalists Association of Canada announced their Canadian Car of the Year and Canadian Utility Vehicle of the Year this morning at the Toronto Auto Show. The Hyundai Genesis luxury sedan beat out the Mazda6 and Toyota Corolla, while the Ford Flex captured the award away from the Mercedes-Benz M-Class and Subaru Forester. Full story...

A premium full-size sedan... from Korea? Most consumers will tell you there's something wrong with that sentence. Anyway, Kia launched the Amanti in 2003 and, since then, the company manages to attract hundreds of Canadian buyers who would have otherwise purchased a Buick Lucerne, Ford Taurus, Toyota Avalon, Chrysler 300 or even a Hyundai Azera. Full story...

Though gloomy news, like Toyota's Q3 meltdown (only the brave should venture to the bit about the full-year forecast), continued to roll across the just-auto.com newsdesk this week - no surprises there, then - there was, for the first time in months, perhaps just the first speck of light at the end of what is proving to be a very long tunnel. Full story...

Toyota Motor Corporation (TMC) on Friday reported a staggering 160% year on year fall in operating profits for its fiscal third quarter ended 31 December, 2008, posting a loss of JPY360.6bn compared with a JPY601.5bn profit in Q3, fiscal 2007/8. It has also revised its full year forecasts to operating and net losses of JPY450bn and JPY350bn respectively (this reportedly will be its first operating loss in history and first net loss since 1950) and announced it would develop new vehicles better tailored to regional markets. Full story...

Toyota Motor Corp said it expected its full-year loss would be three times what it had flagged just six weeks ago as the world's biggest automaker struggles to cut production fast enough to match sliding sales. Full story...

Cascading red ink in North America and Europe prompted Toyota Motor Corp. today to triple this year's expected loss and seek sweeping cost cuts of $5.5 billion. Full story...

Standard and Poor's and Moody's Investors Service today cut their credit ratings on Toyota Motor Corp., as the world's top automaker heads for its first annual operating loss in seven decades. Full story...