Jun 17, 2014

Toyota growth plans focus on hybrid segment

Toyota Motor Corp. President Akio Toyoda said Tuesday the company will focus heavily on hybrid vehicles as it tries to drive further growth. The company aims to improve the fuel efficiency of hybrid vehicles and launch 15 new models in the next two years. ...

Jun 11, 2014

Toyota recalls 2.27 million vehicles globally over airbag

Toyota said Wednesday it’s recalling 2.27 million vehicles worldwide over an airbag system defect that could cause a fire. The world’s biggest automaker, which has now recalled about 9 million vehicles in the past two months, said the announcement covers about 20 models, including ...

Jun 4, 2014

Buoyant U.S. buyers drive up Japan auto sales

Improving consumer confidence in the U.S. boosted new car sales for Japanese automakers in May, with Toyota Motor Corp. and Nissan Motor Co. posting double digit gains, and Honda Motor Co. rising by 9 percent. Autodata Corp. also said Tuesday that warmer weather and ...

Jun 2, 2014

Korean FTA to erode automakers' share in Colombia

Japanese automakers may lose traction in Colombia as a free trade agreement between that country and South Korea takes effect. Under the FTA signed in December 2013, Colombia will incrementally reduce tariffs on automobiles imported from South Korea from 35 percent to zero within ...

Toyota directors to share ¥1.5 billion in 19% pay bump

May 28, 2014

Toyota directors to share ¥1.5 billion in 19% pay bump

Toyota Motor Corp. plans to boost pay for directors by 19 percent for the last fiscal year after the company earned record profit. Toyota proposed ¥1.52 billion in combined compensation and bonuses to 21 directors, including President Akio Toyoda, in a notice to shareholders ...

Japan firms hunker down after Thai coup

May 23, 2014

Japan firms hunker down after Thai coup

Japanese companies in Thailand went on alert Friday after a military coup prompted some to curtail business trips and others to take steps to ensure the safety of their factory workers. The Thai army staged the coup, the first since September 2006, on Thursday, ...

Toyota in another big recall

May 23, 2014

Toyota in another big recall

Toyota Motor Corp. is recalling about 522,000 units of the Sienna minivan and two other models, mostly in the United States, to address three separate safety issues. About 450,000 Siennas made from 2004 to 2011 are being recalled because high concentrations of road salt ...

Toyota cheers plan for U.S. hydrogen stations

May 22, 2014

Toyota cheers plan for U.S. hydrogen stations

Toyota Motor Corp.’s North American chief said California’s plan for more than 50 hydrogen fuel stations within two years is making executives feel “bullish” about the outlook for its Camry-sized fuel cell car due in 2015. Plans by the state to provide about $47 ...

May 19, 2014

New group to lead joint research into automobile engines

by Masaaki Kameda

A joint research initiative for developing car engines will be led by the Research Association of Automobile Internal Combustion Engines (AICE), it was announced Monday. The aim of consolidating the industry’s research into nonpolluting, fuel-efficient engines is to reduce development costs at each of ...

Yen losing force as driver of automakers' profits

May 13, 2014

Yen losing force as driver of automakers' profits

by Masaaki Kameda

The fiscal year ending March 2015 is looking less rosy for Japanese automakers, who are unlikely to benefit any further from the weakened yen because of fierce overseas competition, experts say. Profit growth at Toyota Motor Corp., Honda Motor Co. and Nissan Motor. Co. ...