Toyota is bringing a small, battery-electric urban commuter vehicle concept to the Detroit auto show in January.
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Toyota Motor Sales U.S.A. Inc. said today that it will show a small electric concept vehicle at the Detroit auto show next month.
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Further crystallizing the severity of the global economic downturn, Toyota is forecasting its first annual operating loss as a sales slump and rise in the yen eat into the automakers usually flush finances, according to a Reuters report.
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The Toyota subsidiary Central Motor Co began construction of a new head office and car plant in the village of Ohira, Miyagi Prefecture today (22 December).
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Toyota Motor forecast a first-ever annual operating loss, blaming a relentless sales slide and a crippling rise in the yen in what it said was an emergency unprecedented in its 70-year history.
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As predicted by Japanese media on Friday, Toyota Motor on Monday slashed profit, revenue and unit sales forecasts for the fiscal year ending 31 March, blaming both the global automobile market slump and a sharp appreciation in the Japanese yen against major currencies.
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Toyota Motor Corp. put its Tupelo, Miss., Prius factory on ice last week, knocking the automaker another step from its goal of producing 60 percent of its U.S. sales in North America by 2010.
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Toyota is on track to finish 2008 as the best-selling brand in America for the first time, topping both Ford and Chevrolet. But the outlook for 2009 is grim. Inventories are rising, and dealer orders are down drastically.
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This week, Auto123.com features the following road tests: the Toyota Yaris Hatchback, a small, nimble and fuel-efficient urban car. The new Audi A4 3.2 quattro, a full-size German cruiser that's been revamped. The Dodge Journey, an interesting blend of minivan and station wagon.
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The eyes of the formula one world have flicked nervously to Toyota, not yet three weeks after fellow struggling Japanese carmaker Honda announced it is withdrawing from the sport.
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Toyota has denied a report in the Japanese business newspaper Nikkei that the automaker has halted planned investments in Brazil. The paper had also said projects in China, India and Japan would be put on hold.
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As an indication of just how bad things are getting, Japanese media today said Toyota Motor was expected next week to report its first annual parent-only operating loss in decades.
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Toyota is likely to report its first annual parent-only operating loss since the company was founded more than 70 years ago, hit by plunging sales and the soaring yen, several Japanese media reported.
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Toyota Motor Corp. is likely to report its first annual parent-only operating loss since the company was founded more than 70 years ago, hit by plunging sales and the soaring yen, several Japanese media reported.
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Toyota Motor Corp. is likely to report its first operating loss in half a century in the current year ending March 31 as a result of plunging sales and the strength of the yen, the Nikkei financial daily reported.
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Toyota has announced plans to use more plant-derived, carbon-neutral plastics in its vehicle components from next year.
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Toyota Division has canceled its 2009 dealer meeting in an effort to cut costs. Faced with a double-digit sales decline, Toyota says it can save about $1 million by forgoing the annual meeting.
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