three times the fall in gross domestic product in the same quarter in the United States, at the epicenter of the current global crisis.
With exporters cutting production and laying off staff and many retailers reporting sharp falls in sales, economists saw little hope of a bounce back for Japan.
The data showed a severe picture of the Japanese economy and highlighted the weakness in exports,...
It's has started to battle with Toyota in Japan and will make its way to the U.S. in April
It's has started to battle with Toyota in Japan and will make its way to the U.S. in April
Toyota Motor Corp., the world's largest automaker, announced Friday its annual loss this fiscal year may be three times larger than originally expected as global auto sales continued to weaken.
Toyota Motor Corp, now the biggest automaker in the world, may cut its vehicle production in Japan about 60 percent in the month of April due to slumping demand for cars, reported Reuters quoting the Tokyo Shimbun newspaper.
Toyota Motor Corp. may cut more than 1,000 full time employees in the United Kingdom and North America, the Japanese Nikkei reported citing an anonymous senior company official.
Toyota Motor Corp. is considering bringing its model iQ microcar to the U.S. but did not say when.
After 77 years, the auto industry turned the page to find Toyota Motor Co. as the new largest automaker in the world, succeeding General Motors Co. amid an economic recession which has battered the U.S. company.
Toyota Motor appointed its new president Akio Toyoda, grandson of the company's founder, on Tuesday during one of the most challenging economic environments in the automaker's history.
Japanese Toyota Motor Corp. and Honda Motor Co. are cutting U.S. production more as auto sales are forecasted to drop significantly in 2009.
Toyota unveiled the 2010 Prius at Detroit Auto Show at 11:30 am EST this morning. It has 1.8 L 4 cylinder gas engine slightly larger and will have net horsepower of 134.
Toyota Motor Corp.'s next president will be Akio Toyoda, the grandson of the Japanese automakers' founder, a report from the Wall Street Journal said on Sunday quoting sources familiar with the matter.
Automakers showed off their plans for electric and hybrid autos set to go on sale in the coming years, as fuel efficient vehicles gained a bigger showcase in this year's North American International Auto Show. The vehicles highlighted at the show include planned pure electric vehicles, and electric-gas hybrids.
Automakers showed off their plans for electric and hybrid autos set to go on sale in the coming years, as fuel efficient vehicles gained a bigger showcase in this year's North American International Auto Show. The vehicles highlighted at the show include planned pure electric vehicles, and electric-gas hybrids.
Ford Motor Co. posted a 32% drop in U.S. light-vehicle sales for December while Toyota Motor Co. reported a 37% fall and Honda Motor Co. had a 35% decline, closing out the auto industry's worst year in more than 15 years.
In a bid to improve current weakening vehicle sales, Hyndai and its local affiliate AutoFair Hyundai are now offering a first time one year return program whereby you can simply return your car if you can no longer afford the monthly payments.
Amid soaring crude oil prices and weak demand, General Motors, Toyota, Ford, and Chrysler reported declining sales in May but Honda sales jumped.
Toyota Motor Corp. said Tuesday it will invest $214.6 million to raise annual vehicle output capacity at a joint venture plant in north China.
Toyota has delayed plans to begin production at a new auto assembly plant in Mississippi after considering the slowing U.S. economy, a senior Toyota executive said on Monday.
Japan stocks declined Thursday as investors sold issues which gained recently for profit-taking. Also strong yen led investors sell export-oriented issues such as Toyota and Honda.
Toyota Motor Corp said its profit declined in the first three months of the year and expects a profit drop for the current year due to a weak U.S. market, a stronger yen, and rising raw materials and energy costs.
Toyota Motor Corp. will recall more than 90,000 Highlander sport utility vehicles in the U.S. since a safety regulator noticed the seatbelts fail to secure child seats.
