Tag Archives: toyota motor

Toyota Motor and Uber Expand Collaboration

To accomplish this, technology from each company will be integrated into purpose-built Toyota vehicles to be deployed on Uber’s ride-sharing network. Separately, Toyota is investing $500 million in Uber. Continue reading

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Toyota, Daihatsu Form Emerging Market Compact Car Company

Toyota is under intense competitive pressure from global automakers and is experimenting with a different organizational approach to getting mini cars to market. Honda, Maruti and Tata come to mind, among others come to mind here. However, this – potentially – could also change Toyota’s approach and cost basis to compact vehicles in established markets. Continue reading

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Weak Yen Helps Toyota Motor Post Record Profit

Toyota Motor posted a 10% rise in net profit to ¥646.3 billion for the Japanese Q1, but if it was not for the weak yen (¥124:$1) Toyota’s profits would have dropped. Continue reading

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Toyota Motor Posts $9.7 Billion Profit for Year

This was the largest annual return in five years for the world’s largest automaker, and a clear indication that the recalls of ten million vehicles during 2009-2010 and the product shortages from natural disasters in 2011 are now behind it. Continue reading

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Toyota to Build Lexus ES 350 at Georgetown, Kentucky Plant

Forced by the strong Yen that is sapping profits of its most profitable line, Toyota Motor said today that for the first time a Lexus would be built in the United States. The recently revised ES 350 sedan will be assembled at Toyota Motor Manufacturing in Kentucky during 2015. Continue reading

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Toyota Ousts GM from Global Auto Sales Leadership. VW Third

Toyota Motor regained global sales leadership in 2012 ousting GM by selling 9.75 million vehicles. GM’s sales were 9.29 million vehicles with Volkswagen Group closing on GM in third place at 9.07 million vehicles for the year. Toyota had led global sales from 2008 until 2010 when natural disaster induced production disruptions, the result of a tragic earthquake in Japan and flooding in Thailand, halted its growth. Continue reading

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Mazda to Make a Tiny Toyota in Mexico for Sale in North America

Mazda Motor Corporation today announced that a plant in Mexico, currently under construction, would produce a Toyota-brand vehicle for sale in North America. The sub-compact will be based on the new Mazda2, and will enter production during the summer of 2015. Toyota Motor Corporation is requesting 50,000 units per year for a Yaris-sized car that will be sold through Toyota dealerships. Continue reading

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Toyota Makes $3.2 Billion Because of Sales Increases, Cost Cutting

Toyota Motor Corporation in Japan this morning reported Q2 Japanese fiscal year revenues of ¥5.4 trillion ($68.4 billion *), up 18.2% and operating income of ¥340 billion ($4.3 billion) vs. ¥75.4 million last year. Net income was up 220% to ¥257.9 billion yen ($3.2 billion). As a result, Toyota increased the dividend on its stock to ¥30 per share, Continue reading

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Ford Cuts Summer Shutdown in North America as Lack of Capacity is Hurting Sales and Share in Recovering Market

Ford Motor’s U.S. sales decreased 5% in April to 179,660 vehicles in a market that was up 2.3%, in part because its plants were running flat out. Ford is now facing a strong challenge from Number Three Toyota Motor Sales, which reported April sales of 178,044, up 12% y-o-y. Year-to-date, Toyota Motor trails Ford Motor by 52,000 cars and light trucks, a gap that decreases each month. Continue reading

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Toyota March Production Drops 31% Globally, 62% in Japan

Toyota Motor Corporation (TMC) said that production at its Japanese and overseas factories dropped 31% in March, the month of the devastating Japan earthquake and tsunami. In Japan the impact was far worse as production dropped 62% for the month. … Continue reading

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