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Toyota to cut domestic output amid slowing demand | The Detroit News | detnews.com TOKYO -- Toyota is starting to feel the pinch of the global slowdown at home. On Thursday, Japan's biggest automaker said it was suspending production at a third plant later this month as it tries to cope with falling demand in the U.S. and around the world. Toyota Motor Hokkaido Inc., a major subsidiary that makes engine transmissions, will stop all its assembly lines Dec. 25, company spokesman Harutoshi Fukasawa said. It will be the first work stoppage at the plant in 15 years caused by falling... Article added: 2008-12-04 15:50:49 Article Views Rating: 163
Toyota plant set to officially open in Ontario | The Detroit News | detnews.com WOODSTOCK, Ontario -- A new Toyota assembly plant in Woodstock, Ontario, is set to officially open even though it's been churning out vehicles for about a month. Ontario Premier Dalton McGuinty is to be among the dignitaries on hand Thursday to open the manufacturing facility in the southwestern Ontario city. The plant employs about 1,200 workers and rolls out RAV-4 crossover utility vehicles to dealer showrooms. Toyota Motor Corp. initially planned to make 150,000 RAV-4s a year at the plant, but scaled... Article added: 2008-12-04 15:50:48 Article Views Rating: 164
As sales slump, Toyota cuts bonuses and vehicle production Management bonuses will be slashed 10 percent at Toyota as a result of the global economic slowdown. About 5,000 managers will take cuts as the Japanese automaker reels from falling global sales that are hitting its local market hard. Toyota vehicle sales in Japan dropped 27 percent in November excluding 660cc minivehicles and Lexus sales dipped 24 percent -- mirroring the same sales issues that both brands are having in the United States. As a result, the Japanse Juggernaut will halt production for two... Article added: 2008-12-03 07:00:10 Article Views Rating: 151
2009 Toyota Tundra Pricing Announced Toyota Motor Sales TMS, U.S.A., Inc., announced manufacturer’s suggested retail prices MSRP today for the 2009 Tundra full-size pickup truck, reflecting a modest overall average increase of $109, or 0.4 percent on all Tundra models. The base MSRP will range from $22,490 for the Regular Cab 4×2 with a V6 engine to $41,605 for the Limited Grade 4×4 CrewMax with a 5.7-liter V8 engine. Tundra Grade Double Cab and Crew Max models gain a standard chrome front bumper, while Limited CrewMax models now offer... Article added: 2008-11-28 08:54:03 Article Views Rating: 151
Toyota Delays 2009 F1 Car Launch Citing Cost Cuts Toyota have scaled back the launch of their 2009 Formula One car as part of cost-cutting measures. "To emphasise its commitment to overall cost reduction in Formula One, the team will not proceed with its traditional pre-season event programme," Toyota said in a statement on Wednesday. Instead of a formal launch at the team's Cologne factory, with reporters and company officials flown in from around the world, studio images of the new TF109 car will be unveiled through the internet on Jan... Article added: 2008-11-27 08:21:50 Article Views Rating: 171
Toyota's Suffers Credit Rating Cut, Future Downgrades Possible In 2009 Fitch Ratings cut Toyota's top-notch credit rating on Wednesday, blaming the world's auto market slump and surging yen -- the latest sign that even Japan's top automaker is suffering from the global slowdown. Fitch also cited high material costs as another challenge as it lowered its rating on Toyota Motor Corp. two notches to "AA" from "AAA," with a negative outlook, meaning the rating could be lowered in the next year or two.The automaker's shares dropped nearly 5 percent in Tokyo... Article added: 2008-11-27 08:21:50 Article Views Rating: 147
Toyota won’t be opening a green Prius sub-brand The UK managing director of Toyota, Miguel Fonseca, has told Autocar that it won’t be opening a green Prius sub-brand. But he did establish that a series of fresh Prius body styles are forthcoming, designed to support Toyota’s third-generation hybrid saloon when it goes on sale late in 2009. Although Fonseca will not provide confirmation for the body styles that can be expected, but Autocar comprehends that an estate variant is possible and that a hybrid MPV is most likely.The stock variant of the... Article added: 2008-11-27 08:21:36 Article Views Rating: 164
No, really: Toyota won't create seperate Prius brand The idea of a separate brand for the Toyota Prius has gone from "seriously considering" to "not a 'go'" to, now, "Um, no." That's the word from Miguel Fonseca, Toyota's managing director in the UK, who says that there won't be a Prius sub-brand. However, Fonseca did say that the stork would be visiting the Prius factory to drop off other body styles, making a Prius family of vehicles. He wouldn't say what the body types were, but AutoCar speculation centers on an estate and an MPV to be unveiled in... Article added: 2008-11-27 08:21:34 Article Views Rating: 155
Rendered Speculation: Toyota iQ convertible If the new Toyota iQ is going to compete against the smart fortwo, an open-top version is going to be a necessity. We've already heard rumblings of a possible roadster based on the iQ's underpinnings, so a convertible option certainly seems possible. If renderings from Japan's Best Car are to be believed we're not convinced, the Japanese automaker could mimic the fortwo's cabriolet style by removing the front and rear roof sections, fitting an integrated roll bar and adding a set of soft-tops.The main... Article added: 2008-11-26 06:44:10 Article Views Rating: 151
2010 Toyota Prius US production in danger? Toyota, a more stable automaker, is now feeling the impact of the self-fulfilling prophecy, that is, the breakdown of the economy, with talks coming out that the production of the 2010 Toyota Prius in the Tupelo, Mississippi plant will be pushed back.This will restrict Prius production to Japan for the moment. The demand for the gas-thrifty hybrids has lowered as fuel prices have fallen to under-$2.00 levels, leaving merchants sitting on a healthy but still enviable 21 day supply. This could also be a... Article added: 2008-11-20 08:39:15 Article Views Rating: 151 |
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