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Auto slump slams Toyota | detnews.com | The Detroit News Toyota Motor Corp. has earned money selling cars and trucks every year since 1950. So its stunning announcement Monday that it expected to report a $1.7 billion operating loss this year confirmed fears that the auto industry is grappling with the worst global downturn in decades. "We're facing an unprecedented emergency situation," President Katsuaki Watanabe said at a news conference in Nagoya, the largest city near the Japanese automaker's headquarters in Toyota City. "Unfortunately, we can't see the... Article added: 2008-12-23 06:51:53 Article Views Rating: 164
Toyota's president refuses 2009 Detroit Auto Show invite Toyota’s President Katsuaki Watanabe, a regular at the North American International Auto Show will not be attending the show next month in Detroit. Toyota did not comment on Watanabe’s immediate change of plans.Toyota’s presence at the 2009 Detroit Auto Show will be very significant. The company plans on unveiling the next-generation Toyota Prius Hybrid as well as a dedicated hybrid model for its luxury Lexus brand.We’re guessing Watanabe...[source] Article added: 2008-12-23 06:51:48 Article Views Rating: 161
Toyota Warns Loss Is At Least $1.7 Billion For 2008 Forecast for 2009 Is Bleak Toyota Motor, the world's biggest automaker, on Monday forecast its first ever group operating loss due to a relentless global slide in car sales and a crippling rise in the yen.Toyota had been expected to issue its second profit warning in less than seven weeks, after domestic rival Honda Motor Co also took the rare step of altering its guidance outside the usual quarterly reporting season, but the downward revision was bigger than predicted."This is very, very, very bad," said Koichi Ogawa... Article added: 2008-12-23 06:51:47 Article Views Rating: 145
Auto slump slams Toyota | detnews.com | The Detroit News Toyota Motor Corp. has earned money selling cars and trucks every year since 1950. So its stunning announcement Monday that it expected to report a $1.7 billion operating loss this year confirmed fears that the auto industry is grappling with the worst global downturn in decades. "We're facing an unprecedented emergency situation," President Katsuaki Watanabe said at a news conference in Nagoya, the largest city near the Japanese automaker's headquarters in Toyota City. "Unfortunately, we can't see the... Article added: 2008-12-23 06:51:44 Article Views Rating: 183
Toyota to debut electric concept to Detroit auto show | detnews.com | The Detroit News Toyota Motor Corp. said today it will introduce an all-new battery-powered concept car at the North American International Auto Show next month in Detroit. The small concept electric car, according to Toyota officials, is based on a subcompact car the Japanese automaker hopes to begin marketing in a few years. Responding to consumer concerns about volatile energy prices and government regulations to curb greenhouse gas emissions, Toyota wants to produce a small "city car" with a limited driving range... Article added: 2008-12-23 06:51:44 Article Views Rating: 168
Toyota projects first ever operating loss | detnews.com | The Detroit News NAGOYA, Japan -- Toyota Motor Corp. slashed its earnings forecast Monday, projecting that it would report its first annual operating loss for the fiscal year through March -- its first such loss since it began reporting results in 1941. Battered by falling demand from consumers around the world and a surging yen, Toyota and other Japanese automakers have been reducing earnings outlooks and cutting workers. "The change that has hit the world economy is of a critical scale that comes once in a hundred... Article added: 2008-12-23 06:51:44 Article Views Rating: 176
Toyota's president cancels plan to attend Detroit show | detnews.com | The Detroit News Toyota Motor Corp. President Katsuaki Watanabe has canceled plans to attend the North American International Auto Show next month, company sources said. Watanabe, a regular visitor to the show since becoming president and CEO of Toyota in 2005, had intended to come to the 2009 show, where Toyota will unveil the next Prius hybrid as well as a hybrid for the premium Lexus line. The company had no immediate comment on his change of plans. But the number of executives from foreign companies attending the... Article added: 2008-12-22 05:54:27 Article Views Rating: 187
2010 Toyota Prius interior to feature ecological plastics When the fresh Prius is officially introduced at the Detroit Auto Show next month, its inside will highlight important utilization of so-called “ecological plastics”. These are polymer materials take from biomass oils instead than petroleum.[source] Article added: 2008-12-19 08:13:31 Article Views Rating: 194
Toyota FT-HS 2010 Supra Consumer Guide's Impressions of the 2010 Toyota SupraToyota's "21st century sports car" concept has gossips talking about a new Supra. Is that big sports coupe about to be reborn as a mean-and-green hybrid? Right now, the odds are better than even.What We Know About the 2010 Toyota SupraGossips love concept vehicles, especially those that seem to belong in showrooms already. Take the Toyota FT-HS. Unveiled at the 2007 Detroit Auto Show as a "21st-century sports car," it reminded some... Article added: 2008-12-19 06:15:12 Article Views Rating: 8520
Toyota’s iQ and Prius to spawn seven-seater MPV We really can’t emphasize the consumer shift towards more compact vehicles and it seems like automakers are catering to that shift even when it comes to minivans. According to AutoExpress Toyota’s next MPV will be based on the Estima concept and surprisingly - the iQ and the Prius.A source told the publication that Toyota is “looking at a seven-seater based on the Prius. It would use a lithium-ion battery, and could be here by 2012.”[source] Article added: 2008-12-18 08:04:03 Article Views Rating: 194 |
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