JAPAN: Fitch may downgrade Toyota’s AAA rating
If evidence was required that conditions are tough in the auto industry even for stellar performers, ratings agency Fitch has just provided some.
Read moreIf evidence was required that conditions are tough in the auto industry even for stellar performers, ratings agency Fitch has just provided some.
Read moreDriving excitement is seldom a priority of Toyota buyers. They’re more interested in reliability, resale value, build quality and what can be described as understated styling. It’s almost as if they where allergic to adrenalin. The same logic applies to the 2009 Toyota Camry Hybrid. True, this car has a certain charisma while also being fuel-efficient and flawlessly constructed. But in terms of thrills behind the wheel, the only thing that will send a shiver down your spine is if the interior temperature is too cold.
Read moreDriving excitement is seldom a priority of Toyota buyers. They’re more interested in reliability, resale value, build quality and what can be described as understated styling. It’s almost as if they where allergic to adrenalin. The same logic applies to the 2009 Toyota Camry Hybrid. True, this car has a certain charisma while also being fuel-efficient and flawlessly constructed. But in terms of thrills behind the wheel, the only thing that will send a shiver down your spine is if the interior temperature is too cold.
Read moreNew United Motor Manufacturing Inc. (NUMMI), a JV between Toyota and GM, is planning to cut one shift of pickup truck production in January at its Freemont, California, plant. It’s another sign of the impact of slowing vehicle demand in the US.
Read moreToyota is expected to cut its global sales plan for 2009 to below 9m vehicles, down at least 7% from its previous forecast, according to a Japanese newspaper.
Read moreToyota will offer zero interest loans on its new cars across Europe to revive sagging sales, the Nikkei business daily has reported.
Read moreNASCAR driver Kyle Busch has expressed disappointment that he will no longer be able to make his formula one test debut this winter behind the wheel of a Toyota.
Read moreNASCAR driver Kyle Busch has expressed disappointment that he will no longer be able to make his formula one test debut this winter behind the wheel of a Toyota.
Read moreToyota has insisted it still plans to open its latest US plant in Mississippi in 2010 despite Japanese media reports that it is considering a delay of a year or more.
Read moreOne of the first models to come from increased cooperation between Toyota, its minicar specialist arm Daihatsu and Subaru maker Fuji Heavy Industries has been launched in Japan.
Read moreThe head of Toyota’s German finance unit has called for the government to extend its financial institution rescue package to include those that lease vehicles.
Read moreFor the first time in modern grand prix history, all the top teams will have the same driver line-ups in 2009 as they did this year.Ferrari, McLaren, BMW-Sauber and Toyota had already confirmed that they would be keeping their current names.
Read moreToyota has begun production of its new five-passenger Versa exclusively for North America. The new crossover is made by Toyota Motor Manufacturing, Kentucky (TMMK).
Read moreToyota’s return to the 24 Hours of Le Mans with a hybrid-powered prototype appears to be closer. Toyota, which last raced at Le Mans in 1999, admitted that it continues to develop its hybrid technology for racing.
Read moreVeteran Toyota sales executive Don Esmond will speak at the 33rd Automotive News World Congress in January in Detroit. Esmond, 64, is senior vice president for automotive operations at Toyota Motor Sales U.S.A. Inc.
Read moreThe Toyota profit machine tumbled to a rare loss in North America. Toyota Motor Corp. now expects global operating profit to plunge 73.6 percent to ¥600.0 billion, or $5.83 billion in the fiscal year ending March 31.
Read moreToyota will restart Tundra production today, even though dealers aren’t exactly clamoring to stock up on the full-sized pickup. With sales slumping, Toyota on Aug. 8 stopped building Tundras at San Antonio for three months.
Read moreToyota will launch its updated version of three models produced with PSA in the Czech Republic at the Bologna motor show on 4 December.
Read moreIndonesia’s vehicle sales in October rose by 74% year-on-year according to data issued by Toyota Astra Motor.
Read moreMore evidence that even the mighty Toyota is feeling the ill-effects of the global economic downturn has emerged with the news that it is trimming employment at its wholly-owned Kyushu operation that makes Lexus vehicles.
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