Aug 21, 2014

Denso hit with $2 million fine over bid-rigging in Canada

Denso Corp., the nation’s largest manufacturer of electronic auto parts, said Thursday it had been fined $2.45 million Canadian dollars (¥200 million) by a court in Canada for breaking the competition law by rigging bids on transactions in several kinds of auto parts. The ...

Aug 14, 2014

Stagflation stalks 'Abenomics' as pattern sets in

by William Pesek

Maybe it’s time to stop dismissing the risk of stagflation in Japan. I’ve raised this risk a couple of times during the last 12 months as inflation rose without commensurate increases in wages or productivity. But Tuesday’s ugly gross domestic product report suggest it’s ...

Aug 11, 2014

Lexus hints at return of $375,000 LFA supercar

Toyota Motor Corp.’s Lexus, which ended a two-year production run of the $375,000 LFA in 2012 after manufacturing 500 of them, may build a successor to the 552-horsepower car, according to Executive Vice President Mark Templin. The long-term plan has President Akio Toyoda’s backing, ...

Chinese regulators probing Lexus operation, Toyota says

Aug 8, 2014

Chinese regulators probing Lexus operation, Toyota says

Toyota Motor Corp. said Friday that China’s anti-monopoly regulators are looking at its Lexus luxury unit in a spreading investigation of foreign automakers. The company is “cooperating fully with the queries from the authorities on Lexus,” said Toyota spokesman Naoki Sumino in Tokyo. He ...

Aug 6, 2014

Toyota leaving Hollywood roots to boost North American profits

A closer look at Toyota Motor Corp.’s record profit shows why the world’s largest automaker is leaving behind its Hollywood beginnings. While Toyota reported Tuesday it earned more money in last quarter than any automaker on the planet, profit from North America trailed behind ...

Aug 2, 2014

Toyota rises to No. 2 automaker in July U.S. sales, outranks Ford

Rising consumer confidence in the United States drove Toyota Motor Corp. and Nissan Motor Co. to double-digit sales gains in July, with Toyota overtaking Ford Motor Co. to become the second-largest automaker in the market, data released by Autodata Corp. show. The robust figures, ...

Jul 30, 2014

Toyota remains world's biggest carmaker

Toyota remains No. 1 in global vehicles sales after the first six months of the year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal. Toyota Motor Corp. announced Wednesday that its January-June ...