Toyota and other vehicle exporters face a fresh threat to profits after the yen surged to a record high in the wake of last week's earthquake that has also left many factories idle due to component shortages, a news agency report said.
Toyota has implemented a worldwide ban on overtime and weekend working as it continues to react to severe disruption in its supply chain.
Toyota Motor Corp. won a judicial ruling granting access to insurance and financial data about plaintiffs suing the automaker over economic losses they claim to have suffered from sudden acceleration defects.
Toyota says it will continue to stop vehicle production until 22 March at least leading to the loss of 95,000 units as the impact of Japan's colossal earthquake continues to affect the country.
Toyota Motor Corp. said today inventory at U.S. dealers remains at a "normal" level, after the company extended a shutdown of most of plants in Japan in the aftermath of its worst earthquake and a nuclear power-plant disaster.
Toyota said it will keep all of its 12 main assembly plants in Japan closed through Tuesday following last Friday's devastating earthquake. The closing of the factories since Monday has already resulted in lost production of 40,000 vehicles.
Toyota said it will keep all of its 12 main assembly plants in Japan closed through Tuesday, following last Friday's devastating earthquake. The closing of the factories since Monday has already resulted in lost production of 40,000 vehicles.
Many automotive analysts have been predicting that the earthquake and subsequent tsunami that devastated Japan would affect the supply chain to the North American plants of Japanese automakers. Unfortunately, those predictions proved accurate for two of them today.
Toyota plans to decide by Wednesday when it can resume production at idled auto assembly and parts plants in Japan after the nation's strongest earthquake on record.
Toyota Motor Corp. lawyers and attorneys for plaintiffs suing the automaker over claims of unintended sudden acceleration told a judge today they are close to resolving a major hurdle in pre-trial evidence-gathering.
Toyota may lose output of at least 40,000 vehicles following the devastation in northern Japan and subsequent disruption to production.
Toyota's northern Japanese factories in the region hammered by Friday's massive earthquake will need repairs but the plants sustained no major structural damage, the company said.
Toyota's northern Japanese factories in the region hammered by Friday's massive earthquake will need repairs but the plants sustained no major structural damage, the company said.
Last summer, a French Canadian in Ontario was surveying Toyota employees in North America about how to avoid a repeat of the company's recall crisis and prepare for future downturns.
Toyota suspended production at all of its plants in Japan at least through Monday following Friday's earthquake. Virtually every Toyota, Lexus and Scion exported to the United States from Japan could be affected.
Toyota suspended production at all of its plants in Japan at least through Monday following Friday's earthquake. Virtually every Toyota, Lexus and Scion exported to the United States from Japan could be affected.
Team Rebellion Racing's Lola-Toyota was quickest in the two days of Le Mans Series championship pre-season tests at circuit Paul Ricard.
Toyota suspended production at all of its plants in Japan at least through Monday following Friday's earthquake. Virtually every Toyota, Lexus and Scion exported to the United States from Japan could be affected.
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