Toyota Motor Corp.'s top executive didn't grasp how the carmaker's record recalls hurt its reputation in the United States until after he traveled there in February, Transportation Secretary Ray LaHood said.
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Transportation Secretary Ray LaHood said he was encouraged by the steps Toyota has put in place to improve vehicle safety, but stressed he will be convinced only when its cars actually become safer.
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When you think of automotive history, the names that come to mind are carmakers celebrating their centennials such as Alfa Romeo, Ford and Mercedes-Benz. But the younger carmakers deserve some historical props, too.
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The Chicago Cubs, a Major League Baseball franchise thatand#8217;s played 101 seasons since its last championship, is teaming up with Toyota Motor Corp., the automaker facing more than 200 lawsuits.
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In News Brake: Ferrari and Mercedes change the appearances of their race cars, Toyota eyes a hydrogen breakthrough, and Aston Martin rolls out the first Rapide . . . But Wait, There’s More! Full story…
Toyota, the biggest seller of hybrid cars, said it has cut the cost of making fuel-cell vehicles by about 90 percent since the mid-2000s and may be able to price its first retail hydrogen model at about $50,000.
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New auto safety legislation proposed in the wake of Toyota's recall problems is drawing criticism from House Republicans and Michigan Democrat John Dingell, suggesting that changes are in store for the Democratic leaders' bill.
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Toyota Motor Corp., Japan's biggest carmaker, and Nissan Motor Co. led the ninth straight increase in the nation's monthly auto sales as government rebates and tax cuts boosted demand.
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US safety regulators may seek a second penalty against Toyota Motor for knowingly delaying a massive recall over defective accelerator pedals, after imposing a record US$16.4m fine against the automaker a week ago (5 April), weekend media reports in the US said.
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Toyota Motor Corp. is extending no-interest loans and discount leases until May 3 on some models and expanding an offer of two years of free maintenance.
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For now, the flurry of recalls has stopped. But the costs confronting Toyota Motor Corp. as a result of its quality crisis will keep climbing, analysts say. By Toyota's own count, the string of worldwide recalls will cost the company $2 billion.
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Over the years, Toyota has settled a lot of product liability lawsuits, in part so it wouldn't have to produce proprietary internal documents to the plaintiffs.
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Toyota Motor Corp. may be fined a second time for failing to alert federal regulators that gas pedals might stick and cause unintended acceleration. The National Highway Traffic Safety Administration announced a record $16.
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In a sense, the Toyota Avalon is a big, sophisticated car with the simple goal of bringing its owners a taste of the motoring high-life. With a focus on value, affordability and reliability, the Avalon takes a place in the Toyota product portfolio above the Camry as a large sedan with the markets most sought-after features, handsome styling and a busload of luxury.
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Ford Motor Co., profitable last year for the first time since 2005, is stepping up spending in fast- growing markets in South America and South Africa to help catch up to General Motors Co. and Toyota Motor Corp.
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Lawsuits against Toyota Motor Corp. related to unintended acceleration will be consolidated in a federal court in Santa Ana, Calif., a panel of judges said.
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So, it was all eyes on Toyota, then, as the March US sales results came out. They tanked, right? Wrong. Clink enough incentive gold coin under the nose of any potential new car buyer in any market (ref. China) and he or she will reach for the plastic. And so it proved. Sales up 35.3% over March 2009 and a whopping 86.8% over the recall-infested February when some cars had to be withdrawn, temporarily, from sale.
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Toyota Australia has finally confirmed that its upcoming Rukus 'urban utility vehicle' is essentially the same as the updated Scion xB launched recently at the New York motor show. The model is also sold - badged as a Toyota - in Japan.
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