Tag Archives: toyota

Toyota Predicts 31% Profit Dip in Fiscal Year from Earthquake

Posted on 10 June 2011 by Ken Zino

The longer term issues facing Toyota are recovering lost market share and the unprecedented strength of the Japanese Yen caused by massive inflows of cash as export oriented Japanese companies attempt to recover from earthquake losses. Continue reading →

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Toyota Adds Wrong-Way Driving Alert to Navigation Systems

Posted on 27 May 2011 by Ken Zino

In theory there is no reason why Japan’s largest automaker could not expand the use of the wrong-way driving alert to the U.S. and other large markets, where Toyota is struggling with a damaged safety reputation from stuck gas pedals and unintended acceleration recalls. Continue reading →

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Toyota, Nissan and Honda April Auto Production Plummets

Posted on 27 May 2011 by Ken Zino

Toyota, Nissan and Honda – the Japanese Big Three – become a lot smaller in April as production virtually halted in Japan and was severely hurt globally due to parts shortages caused by the earthquake in March. Continue reading →

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Toyota Posts Fiscal Year Profit of $5 Billion, but Q4 Dives

Posted on 11 May 2011 by Ken Zino

Toyota Motor Corporation (TMC) today announced that net revenues for the fiscal year ended 31 March 31 2011 were 18.993 trillion yen, an increase of 0.2% compared to the previous fiscal year as Japan’s largest automaker continues to struggle to return to pre-2008 levels of return. TMC operating income increased from 147.5 billion yen to 468.2 billion yen, while net income increased from 209.4 billion yen to 408.1 billion yen, or $5.1 billion. Continue reading →

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Toyota Motor and WiTricity Form Wireless Charging Alliance

Posted on 27 April 2011 by Ken Zino

Toyota Motor Corporation (TMC) said today in Japan that it has entered into a technology sharing agreement with U.S. based WiTricity Corporation. The world’s largest automaker will explore the practical application of automotive wireless charging systems and the promotion of … Continue reading →

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Toyota Auto Production Interruptions to Go On Until Year End

Posted on 22 April 2011 by Ken Zino

It is also an affirmation of the wisdom of the U.S. taxpayer financed bailouts of General Motors and Chrysler. At the time these were under debate in 2008 and 2009 ideologues scoffed at the assertion that to let those companies fail would also cause other North American auto companies – U.S. and offshore owned – to fail since suppliers in common would be wiped out taking the whole auto industry down. Continue reading →

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Toyota Cuts May Auto Production in North America

Posted on 19 April 2011 by Ken Zino

On average, around 85% of the parts and materials for the 12 North American-built Toyota and Lexus models are sourced from 500 suppliers in North America. While production of some parts and materials continues in Japan, Toyota says it is working closely with affected suppliers in order to minimize the impact, which appears to be considerable and ongoing. Continue reading →

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Toyota Cuts North American Car and Truck Production

Posted on 8 April 2011 by Ken Zino

On these non-production days, Toyota will continue to provide employment for its approximately 25,000 regular North American team members in keeping with previous Toyota practices. Team members may report to work for training and plant improvement activities, use vacation, or take unpaid time off. Continue reading →

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Microsoft and Toyota Partner on Next-Generation Telematics

Posted on 6 April 2011 by Ken Zino

Microsoft Corp. and Toyota Motor Corp. (TMC) today announced they have formed partnership and plan to build on Microsoft’s Windows Azure platform for TMC’s next-generation telematics services using the Windows Azure or cloud platform. Continue reading →

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Toyota Wins New York Unintended Acceleration Case

Posted on 1 April 2011 by Ken Zino

Toyota Motor Sales, U.S.A. has won an unintended acceleration case where it was alleged that an unsecured driver’s side floor mat was the primary cause of the crash of Scion tC vehicle in August 2005. After deliberating for approximately 45 … Continue reading →

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Three Problem Areas for Toyota in U.S. from Japan Earthquake

Posted on 1 April 2011 by Ken Zino

During a press call to discuss March sales results today, Bob Carter, Toyota Division group vice president and general manager, Toyota Motor Sales, U.S.A. (TMS) said “The events in Japan had little if any impact on March sales.”

However, that doesn’t mean that Toyota no longer faces production and resulting sales problems because of the plant shutdowns caused by the Japan earthquake, tsunami and nuclear power plant meltdowns. Continue reading →

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Toyota U.S. Sales Down 5.7% in March. Q1 Plus 12.5%. Nissan, Honda Post Double Digit Gains as Toyota’s Troubles Go On

Posted on 1 April 2011 by Ken Zino

Toyota Motor Sales (TMS) U.S.A. today reported March sales results of 176,222 units, down 5.7% from a year ago on a volume basis. The Toyota Division posted March sales of 155,540 units, a decrease of 6.7% from the year-ago month. The Lexus Division reported total sales of 20,682 units, up 2.3% March. Overall, based on preliminary numbers, it looks like the industry is up roughly 12%. Continue reading →

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Toyota Raises U.S. Prices as Yen Strengthens from Earthquake

Posted on 1 April 2011 by Ken Zino

The huge amounts of money going back to Japan has caused the Japanese Yen to strengthen as it now is trading well below ¥90:$1. Current Japanese automaker business plans were set and 96 Yen to the U.S. Dollar, and at that rate executives said profitability was a struggle. Continue reading →

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Toyota Postpones Prius V Japan Launch; With Honda Expects U.S. Plant Shutdowns from Earthquake Parts Shortages

Posted on 24 March 2011 by Ken Zino

At the same time Toyota was telling workers in U.S. plants to expect shutdowns because of parts shortages resulting from Japan’s triple disasters of earthquake, tsunami, and nuclear plant meltdowns. Toyota said it did not know at this time when, where or how long the production disruptions would last, but it was likely that some would happen. Continue reading →

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Toyota Extends Production Shut Down at all Japanese Plants

Posted on 16 March 2011 by Ken Zino

Toyota Motor Corporation (TMC) has decided to continue the vehicle-production halt started on March 14 at all plants in Japan, including subsidiary vehicle manufacturers, through March 22. Originally Toyota and other major Japanese automakers had said some shut downs would be for a couple of days. Continue reading →

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