Toyota eyes knock-out sales fightback with five-year cover, Kia beats rivals to punch with longer deal, clever brake tech
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Toyota Motor is in the final stages of talks with Nippon Steel on steel sheet prices and may accept a 25 % increase for the April-September period, the Nikkei business daily reported.
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Panasonic EV Energy Co., which supplies batteries to the Prius and most other Toyota Motor Corp. hybrid vehicles, has changed its name to reflect Panasonic Corp.'s dwindling influence in the venture.
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All major automakers except Toyota reported double-digit U.S. sales gains in May, as the light-vehicle sales rate hit its highest level since December.
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Toyota Motor Corp. said U.S. sales of its luxury Lexus brand rose 31 percent in May as incentive programs helped it take a year-to-date lead over Mercedes-Benz division. Lexus sold 22,216 vehicles in the U.S.
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Toyota Motor Corp. said U.S. sales of its luxury Lexus brand rose 31 percent in May as incentive programs helped it take a year-to-date lead over Mercedes-Benz. Lexus sold 22,216 vehicles in the U.S.
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Toyota is in the final stages of talks with Nippon Steel Corp on steel sheet prices and may accept a 25 percent increase for the April-September period, the Nikkei business daily reported.
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Toyota has sold all 500 copies of the Lexus LFA supercar that it plans to build. Toyota will build only 20 copies of the 552-hp two-seater per month for a two-year period beginning in December.
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All major automakers posted gains in May -- ranging from Chrysler's 33 percent to Toyota's 7 percent -- as the light-vehicle sales rate hit its highest level this year. Sales rose 19 percent from May 2009 to 1.1 million light vehicles.
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Toyota Motor Sales U.S.A. remains bullish for the rest of the year for both its Toyota-Scion and Lexus divisions. Toyota Division will continue to support sales with hefty incentives, but Lexus is dropping cut-rate leases.
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Toyota has sold all 500 copies of the Lexus LFA supercar that it plans to build. Toyota will build only 20 copies of the 552-hp two-seater per month for a two-year period beginning in December.
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Toyota is to shift more production of its petrol Highlander SUV from Japan to the United States as part of the restructuring of its global production to improve profitability, according to media reports.
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All major automakers except Toyota reported double-digit U.S. sales gains in May, as the light-vehicle sales rate hit its highest level since December.
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Toyota has sold all 500 copies of the Lexus LFA supercar that it plans to build.
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Problems of unintended acceleration that have haunted Toyota in several markets had a relatively light effect in Brazil though there was a short ban on Corolla sedan sales in one state. There were some incidents with no casulaties reported, specifically involving the Altis four-door built in Indaiatuba, State of São Paulo.
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Owners of Toyota Motor Corp.'s fuel-efficient Prius hybrid will succumb to the charms of the Nissan Leaf electric sedan, predicts Nissan Division Vice President Al Castignetti.
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As Akio Toyoda climbed the ranks at the automaker his grandfather had founded, many Toyota Motor Corp. managers treated the scion with kid gloves.
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As Akio Toyoda climbed the ranks at the automaker his grandfather had founded, many Toyota Motor Corp. managers treated the scion with kid gloves.
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