Toyota Motor Corp | GlobalPost

Toyota quarterly profit more than doubles to 314 billion yen ($3.2 billion) on yen, cost cuts

The Canadian PressMay 8, 2013 09:37

TOKYO - Toyota's quarterly profit more than doubled to 313.9 billion yen ($3.2 billion) as cost cuts and better sales worked with a weakening yen to add momentum to the automaker's comeback. Toyota Motor Corp., which last year reclaimed the title of world's top-selling automaker, said Wednesday it expects the strong results to continue in its new business year that ends March 2014. It projected a 1.37 trillion yen ($13.8 billion) profit, up from 962 billion yen for the year ended March 2013.

Toyota plots China fightback with new, no-frills car

Thomson ReutersApril 19, 2013 17:30

By Norihiko Shirouzu SHANGHAI (Reuters) - Toyota Motor Corp <7203.T> will unveil a new, no-frills entry-level car at the Shanghai auto show later on Saturday, which insiders say could be a make-or-break model for the Japanese firm's future in China, the world's biggest autos market. The car, which has yet to be publicly named, is a key plank in Toyota's fightback strategy in a market where its sales were battered last year in the fallout from a row between Beijing and Tokyo over disputed islands in the East China Sea.

Calif. DA says Toyota to pay $16M settlement

AsianetApril 9, 2013 12:33

A $16 million settlement over the safety recall of Toyota vehicles that were at risk for unintended acceleration and braking issues was announced Friday by Orange County prosecutors and Toyota Motor Corp. The suit was one of a flood of cases brought against the automaker after more than 14 million vehicles were recalled in 2009 and 2010 __ many of them still waiting to be heard or settled. In the suit, Orange County District Attorney Tony Rackauckas claimed deceptive business practices, alleging Toyota had concealed safety issues related to its floor mats and "sticky" gas pedal

Father of Prius hybrid set to become Toyota chairman - execs

Thomson ReutersJanuary 21, 2013 23:30

By Norihiko Shirouzu and Kentaro Sugiyama BEIJING/TOKYO, Jan 22 (Reuters) - The man who led the development of Toyota Motor Corp's Prius hybrid car is set to become the Japanese automaker's chairman as early as this year, said two senior executives familiar with the matter, in a boardroom shuffle that should do little to lessen president Akio Toyoda's grip.

CORRECTED-UPDATE 3-US auto sales close out 2012 on positive note

Thomson ReutersJanuary 4, 2013 00:15

(Removes reference to 2012 in paragraph 5, to make clear that entire paragraph refers to 2013 industry projections) * Industry on pace to turn in best year since 2007 * Toyota, Honda gained market share in 2012 * Toyota's U.S. December sales up 9 pct, GM up 5 pct * Economic uncertainty in 2013 may dampen sales By Bernie Woodall and Ben Klayman DETROIT, Jan 3 (Reuters) - U.S.