Dozens of lawyers today jockeyed to take a lead position battling Toyota Motor Corp. in the hundreds of lawsuits involving its vehicles' unintended acceleration problems. More than 70 lawyers were expected to try and dazzle U.S.
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The Senate Commerce Committeeand#8217;s first hearing on the auto-safety bill crafted in the wake of Toyota Motor Corp.and#8217;s problems with unintended acceleration will take place Wednesday, May 19, said Sen. Jay Rockefeller, the committee chairman.
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The opening slide of Toyota's earnings presentation said it all: and#8220;Ready for a fresh start.
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Despite a congressional frenzy over Toyota's safety recalls, the besieged automaker reports that it spent substantially less money lobbying lawmakers during the first three months of this year than it did during the same period in 2009.
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Toyota has said it will cut production capacity in Japan by 20% within five years and shifts output to other countries, particularly emerging markets.
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The British car industry reaches a landmark this month with the start of production of the Auris Hybrid at Toyota Manufacturing UK (TMUK), the first mass-produced hybrid vehicle to be built in Europe.
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According to Marcello Lotti, promoter of the World Touring Car Championship, Toyota, Honda, Alfa Romeo and Ford could join the series in the near future.
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A fun part about our job is to have to opportunity to drive a wide range of different cars and trucks, obviously for comparison purposes. Driving a Range Rover one week and a Toyota Yaris the next keeps us down to earth, and makes us realize that quality cars can be found at a reasonable price.
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Michael Waltrip, one of NASCAR's "characters," and co-owner of Michael Waltrip Racing has started a flurry of speculation after posting a photo of himself and his #15 NAPA Toyota in a current configuration, right down to the shark fin on the driver's side right rear, on Facebook.
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Toyota Motor Corporation (TMC) says it will cooperate with a US investigation into a previous recall of its Hilux pick-up trucks.
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Toyota's better-than-expected fiscal year results were helped by a strong financial performance during the fourth quarter, London based IHI Global Insight analyst Paul Newton said in a research note distributed on Tuesday afternoon.
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Toyota Motor Corporation must feel it is being pursued to the ends of the earth at the moment.
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Aggressive cost cutting helped Toyota Motor Europe drastically lower its operating loss despite a sharp unit-sales decline in the year ending in March. Toyota Europe's operating loss shrank to 33 billion yen ($357 million) from a loss of 143.
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Asian analysts polled earlier today (11 May 2010) have said the Toyota Motor Corporation 2010/11 fiscal full-year forecast announced on Tuesday was weaker than expected and suggested exchange rates may affect the automaker's results.
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Toyota Motor Corporation (TMC) is estimating its global recall of more than eight million vehicles has cost it around JPY170bn (US$1.83bn) to JPY180bn.
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Toyota Motor Corporation (TMC) returned to operating profit in the financial year ended 31 March, 2010, on revenue down just 7.7% year on year to JPY18.95 trillion. The operating profit of JPY147.5bn compared with the staggering JPY461bn loss booked in fiscal year 08/09.
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Toyota waited nearly a year in 2005 to recall trucks and SUVs in the United States with defective steering rods, despite issuing a similar recall in Japan and receiving dozens of reports from American motorists about rods that snapped without...
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Despite its damaging recall issues, Toyota's group operating profit for the year that ended on March 31 could reach around JPY100bn (US$1.1bn) according to Japanese media.
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