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Wednesday, December 28, 2011 - 2:44pm
Thai Floods, Strong Yen Wreak Havoc on Japan
A perfect storm of macro-economic uncertainty, currency environment and natural disaster has coalesced to put the Japanese economy in a precarious position. Japan saw contracted production, shipments and inventory in November. Figures just released by the country's Ministry of Economics, Trade and...
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Stay Away From Toyota's (TM) Stock
Friday, July 2, 2010 - 1:02amToyota Motors (TM) is recalling 270,000 automobiles due to engine problems. The recalls extend to the Toyota and Lexus brands. Toyota has had one problem after another recently and the auto manufacturer has seen its reputation dragged through the gutter. The problems at Toyota are very similar to...
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Auto Sales Are Rebounding
Thursday, April 1, 2010 - 3:02pmIt looks like things are getting better for the auto industry. According to the Wall Street Journal, sales increased for Ford, General Motors, and Toyota during the month of March. GM's quarterly sales were up 43%, Toyota's 41% and Honda's 40% over the previous year. The good news was not only...
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Toyota (TM) President Won't Attend Congressional Hearings
Wednesday, February 17, 2010 - 8:21amAkio Toyoda, the president of Toyota Motor Corp. (NYSE: TM), will not attend Congressional hearings in the United States that are looking into the quality issues that led to Toyota's recall of over 8.5 million vehicles and are believed to be responsible for numerous deaths and accidents. Toyoda...
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Toyota (TM) May Halt U.K. Production
Wednesday, February 17, 2010 - 12:32amAccording to the British newspaper The Times, Toyota Motor Corp. (NYSE: TM) is considering a production halt at its U.K manufacturing plant. The Times cited an unidentified source as saying that Toyota sales in the U.K. have been hit so hard that Toyota Motor Corp. may halt production there while...
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Toyota (TM) Lowers 2010 Vehicle Production Forecast
Monday, February 15, 2010 - 9:56pmAccording to the Japanese Sankei Shimbun, Toyota Motor Corp. (NYSE: TM) will reduce its global vehicle production forecast by at least 100,000 this year. The reduction from 7.5 million vehicles down to 7.4 million vehicles does not include non Toyota brand subsidiaries like Hino Motors Ltd. The...
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Toyota (TM) To Announce Testing And Disclosure Changes
Monday, February 15, 2010 - 6:49pm
Toyota Motor Corp. (NYSE: TM) will host a news conference at the auto manufacturer's Tokyo office to announce plans to increase product testing and disclosure of changes being made to cars that are already on the market. One of the issues Toyota Motor Corp. is looking into is how an operational...
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AutoNation (AN) CEO Says Toyota's (TM) Loss Is Rivals' Gain
Saturday, February 13, 2010 - 11:15pmThe head of America's largest auto retailer said that the recent recall troubles of Toyota Motor Corp. (NYSE: TM) are a chance for American car makers Ford Motor Co. (NYSE: F) and General Motors to convince consumers that American vehicles are as reliable as Toyota's. Mike Jackson is the the CEO of...
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Toyota (TM) Sued Over Fatal Accidents
Saturday, February 13, 2010 - 8:32pmToyota Motor Corp. (NYSE: TM) has had two lawsuits filed against it in Los Angeles federal court claiming that sudden, uncontrollable acceleration by Toyota vehicles led directly to to fatal accidents. The attorney of one of the accident victims, whose husband was killed in the accident, said that...
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8,000 More Toyotas (TM) Recalled
Saturday, February 13, 2010 - 12:10amIn what has become a regular occurrence for the beleaguered Japanese automaker, Toyota Motor Corp. (NYSE: TM) issued another recall. This time the recall was for 8,000 Tacoma 4-wheel drive trucks. The problem area this time around is the truck's drive shaft. There may be a component in the drive...
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