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After two bumper years, Toyota braces for shift to slower growth

By Yoko Kubota and Maki Shiraki TOYOTA CITY, Japan/TOKYO (Reuters) - Toyota Motor Corp <7203.T> is set to post record growth for the year just ended - with a likely $10 billion surge in operating profit - but the mood at its HQ in Japan's prosperous automotive heartland is cautious as executives warn of a leaner year ahead.

Toyota India output halves amid worker pay dispute

Japan's Toyota said production at its two Indian plants has fallen by half as many of its unionised workers remain off the job over a pay dispute. The Toyota workers and the company's management at two plants near the southern high-tech city of Bangalore have been negotiating the pay issues for 10 months. "Production has declined 50 percent to 350 cars from 700 cars a day," senior Toyota Kirloskar Motors executive Shekar Viswanathan told a news conference in Bangalore late Friday.

Dealers say GM customer anxiety rising, sales may take hit

By Tim McLaughlin BOSTON (Reuters) - An ignition switch defect linked to deadly crashes and mounting recalls are raising anxiety in General Motors Co showrooms, according to dealers who increasingly are fielding calls from customers concerned about the safety of GM cars. The Ancira Auto Group in San Antonio, Texas, expected a banner March after a strong February, but it came up 28 vehicles short of its goal of selling 200 cars and trucks, Vice President April Ancira said in an email.

Canadian auto sales nudge higher in March

By Susan Taylor TORONTO (Reuters) - Canadian auto sales inched just 0.2 percent higher in March from a year earlier, figures on Tuesday showed, but an independent auto industry analyst said the modest increase masked a solid performance during severe winter weather, especially in comparison with the record sales of March 2013. Canadian sales rose to 157,060 vehicles in March from 156,680 the year before, marking the second-best March on record, said Dennis DesRosiers of DesRosiers Automotive Consultants.

Mitsubishi Motors buys ex-Ford plant in Philippines in SE Asia growth push

By Yoko Kubota TOKYO (Reuters) - Japan's Mitsubishi Motors Corp <7211.T> said it has bought the site of a former auto plant in the Philippines from Ford Motor Co <F.N>, beefing up production as it targets a near-50 percent sales boost in fast-growing Southeast Asia markets.

Toyota climbs to two-week high after share buyback announcement

TOKYO (Reuters) - Shares in Toyota Motor Corp <7203.T> climbed 1 percent to a two-week high of 5,675 yen on Thursday morning, outpacing the wider market, after it said on Wednesday it would buy back up to 1.89 percent of its shares for up to 360 billion yen ($3.52 billion). Tokyo's benchmark Nikkei <.N225> was down 1.5 percent in early deals. Toyota shares were the most-traded on the main board. ($1 = 102.3100 Japanese Yen) (Reporting by Dominic Lau; Editing by Kenneth Maxwell)

Toyota to spend $3.5 bn on share buy-back

Toyota is to buy back as much as 1.89 percent of its shares for 360 billion yen ($3.5 billion), raiding a growing corporate cash chest for the first time in five years, the Japanese carmaker said Wednesday. The world's largest automaker said it will purchase up to 60 million shares over a 10-month period following the next shareholders' meeting in June. It will cancel half of them, to avoid sparking fears of dilution in future share sales, the company said in a statement.

Strike-hit Toyota India resumes 'limited operations'

Japan's Toyota said in a statement Tuesday that it had resumed "limited production" after its unionised employees refused to return to work following an end to a eight-day company lockout. The Toyota workers and its management at two plants near the southern high-tech city of Bangalore are at loggerheads over pay issues, which they have been negotiating for 10 months. "We have started limited operations with the help of non-unionised team members of whom the majority are engineers and supervisors," Toyota said in a statement.

Toyota India hires contract workers to restart output

Japan's Toyota said Tuesday it has hired 1,000 contract workers to help restart production, after its employees refused to return to work following an end to a eight-day company lockout. The Toyota workers and its management at two plants near the southern high-tech city of Bangalore are at loggerheads over pay issues, which they have been negotiating for 10 months. The employees refused to resume work after the company lifted an eight-day lockout on Monday.

Indian Toyota workers down tools despite end to lockout

Employees at Toyota's auto assembly plants in southern India failed to return to work Monday at the end of a week-long lockout after refusing to sign codes of conduct, their union said. Although around 500 staff gathered outside the twin plants near Bangalore for the start of their shifts, they did not clock in after managers insisted they sign the agreements, according to a local union chief.
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