Tag Archives: toyota

Denso Exec Guilty for Obstructing Parts Price Fixing Probe

Kazuaki Fujitani, once a director of Denso in Japan will serve one year and one day in a U.S. prison instead of the maximum price fixing penalty of 20 years in prison and a criminal fine of $250,000 for individuals. Continue reading

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Panasonic Exec Indicted in Toyota Price Fixing Scam

A federal grand jury in Detroit has indicted a Panasonic Automotive Systems executive for his role in an international conspiracy to fix prices of switches and steering angle sensors sold to Toyota. Continue reading

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G.S. Electech Executive Indicted for Price Fixing

The criminal charge was the first to be filed in Kentucky where Toyota has extensive operations as part of an ongoing Department of Justice investigation into anti-competitive conduct in the automotive parts industry. Continue reading

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Chrysler, Ford, GM Post Double Digit August Sales Gains

Chrysler, Ford and GM all recorded double digit gains in U.S. August sales as the market went back to the pre-Great Recession levels of 2007. Robust pickup truck sales, a relatively trouble free changeover to the production of 2014 models, cheap credit and strong retail demand, all were factors in an overall industry that is now running at more than 16 million units annually. Continue reading

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Two Denso Executives Plead Guilty to Price Fixing

The plea bargain entered appears to be just that, a bargain for the criminals. Continue reading

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Global Sales of Toyota Motor Hybrid Vehicles Pass 5 Million

“We had to develop a hybrid system from scratch, making our task extremely difficult,” said TMC Vice Chairman Takeshi Uchiyamada, who was responsible for development of the first-generation Prius, the world’s first mass-produced hybrid passenger vehicle. Toyota had been excluded from participating in a multi-billion dollar U.S. Government program that subsidized the national labs and GM, Ford and Chrysler to develop 80 mpg cars. The so-called partnerships for a New Generation of Vehicles ended in failure with no cars other than a few prototypes produced. Continue reading

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Nissan to Return to Le Mans in 2014 as Garage 56 Entry

In 2012, a number 0 Nissan Delta Wing ran at the world’s most famous endurance race from the same unclassified Garage 56 spot. The real Japanese racers that were closely watched at Le Mans last year were a pair of Toyota hybrids, which ran in the fastest LMP1 class but lost to Audi. Continue reading

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Toyota Promotes an American Executive to key Job in Nagoya Headquarters

A significant move is promoting Mark S. Templin, from group vice president and general manager – Lexus Division in the U.S. to managing officer and executive vice president of Lexus International, where he will lead Lexus global operations from Toyota City, Japan. Templin is the first non-Japanese executive to oversee a Toyota division within the company’s global headquarters in Japan. Continue reading

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Toyota Quadruples Q3 Earnings despite Yen, China Woes. Raises Forecast

Toyota Motor posted strong Q3 results with a net profit of 99.9 billion yen – or $1.1 billion – for the three months of the Japanese fiscal year ending in December. This was a 23.5% increase from results a year earlier when Toyota was still recovering from natural disasters in Japan and Thailand.
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BMW and Toyota Sign Deal for Joint Fuel Cell and Battery Programs

BMW Group and Toyota Motor Corporation today in Japan signed a contract for the joint development of a fuel cell system, a new architecture and components for a sports vehicle, and research in lightweight technologies. Continue reading

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Toyota Settles Lawsuits for $1.1 Billion and Will Modify Millions of Vehicles with Electronically Controlled Gas Pedals to Stop Runaways

In an engineering lapse of monumental consequences that included several deaths, the computer programming on affected vehicles when confronted with both brake and accelerator inputs did not favor the brake input for its electronic engine controls. Such over-ride software is in widespread use at other automakers. Continue reading

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Volkswagen Group to Invest €50 Billion During Next Three Years

Volkswagen Group will invest €50.2 billion in its Automotive Division in the coming three years after approval by its Supervisory Board last week. It’s the latest step in VW’s attempt to become the world’s largest Automotive Group by 2018. The ambitious target that will require overtaking GM and holding off a resurgent Toyota, neither of which will concede sales lightly. Continue reading

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Toyota, Honda Post Huge September Sales Gains as Nissan Stalls

Worrisome for competitors were increases in market share of 2.6% at Toyota, and 1.2% at Honda year-over-year, according to AutoData. Each percentage point in share is worth roughly $1 billion dollars in profits, according to an old industry rule of thumb. Left as road kill was Nissan whose share dropped more than 1% with sales of 92% units. Continue reading

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Toyota Posts Strong Results in Q1 of the Japanese Fiscal Year

Toyota Motor Corporation today said that Q1 results for the Japanese fiscal year produced a profit of ¥90.3 billion yen ($3.71 billion). Toyota posted vehicle sales for the first quarter of 2.27 million cars and trucks, an increase of 1.04 million compared to the same period last fiscal year. The largest Japanese auto company also raised its full year sales forecast some 180,000 vehicles, to 9.76 million cars this year, a better than 20% increase from 7.95 million cars in 2011. If current trends hold, Toyota will become the world’s largest automaker with more than 10 million vehicles sold blowing by a slumping General Motors when the books are closed for the 2012 calendar year. Year to date Toyota is ahead of GM by more than 300,000 units. Continue reading

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Toyota Recalls 780,000 RAV4 and Lexus HS 250h Models

Toyota Motor Sales is recalling 2006 to early 2011 model year RAV4 and 2010 model year Lexus HS 250h vehicles sold in the U.S. because the rear suspension can fail, leading to loss of control. In a statement notable for its lack of detail about accidents, injuries and fatalities, TMS said that about 760,000 Toyota RAV4 and 18,000 Lexus HS 250h models are involved in this latest quality problem Continue reading

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